The Mid-Stream Demonstration Plant Project is a demonstration-scale processing facility at our Pilgangoora Operation in Western Australia.
Through the Demonstration Plant, we are testing whether more value can be captured at the mine site by converting spodumene concentrate into lithium phosphate before export.
100%
PLS ownership
~3,000 tpa
expected Li phosphate output
Pilgangoora
Western Australia
First product
September Quarter 2026
It represents the world’s first commercial-scale application of this technology in primary lithium processing.
The technology targets one of the most energy-intensive stages in lithium processing and, when powered by renewable energy, has the potential to support a lower-emissions intensity processing pathway. The Demonstration Plant will be powered by Pilgangoora’s integrated on-site energy system, which combines solar generation and battery energy storage with gas-fired generation.
High quality spodumene feedstock from our Pilgangoora Operation provides a strong foundation for testing the technology at scale.
In February 2026, we acquired Calix’s interest in the joint venture, assuming full ownership, funding and operational responsibility. This simplifies governance and aligns funding, risk and execution while providing a more streamlined pathway to progress the technology.
Calix continues to provide technical support and grants us a perpetual, royalty-free licence to use its calciner technology in primary lithium processing applications.
During commissioning and ramp-up, we will assess plant performance, product quality, operating efficiency, market acceptance and emissions intensity reduction potential. Lithium phosphate produced at Pilgangoora will be supplied to Ningbo Ronbay, a global battery materials manufacturer. This offtake agreement will support product validation and provide direct exposure to the cathode end of the battery supply chain.
If successful, the technology could support future deployment at our operations and potential third-party licensing opportunities. This forms part of our broader strategy to expand participation across the battery materials value chain and evaluate future downstream growth opportunities.
Construction of the Project was completed in the December Quarter 2025 and commissioning commenced in April 2026. First product is expected in the September Quarter 2026.
This included up to $38.1 million in grant funding from the Australian Renewable Energy Agency (ARENA) under its Advancing Renewables Program to support operating costs during the validation phase. Construction was supported by $20 million from the Australian Government’s Modern Manufacturing Initiative and $15 million from the Western Australian Government’s Investment Attraction Fund.
As commissioning progresses, the Demonstration Plant is expected to play an important role in supporting broader regional development and innovation in Australia’s critical minerals sector.
Global battery supply chains are still taking shape in this high-growth market, and over time the most competitive and technologically viable pathways will determine where long-term value is captured.
Dale Henderson, Managing Director and CEO
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