P2000 Expansion
Project

Expanding scale to unlock long-term value

We are progressing P2000, the next potential major expansion of our Pilgangoora Operation in Western Australia.

P2000 is being assessed as a brownfield expansion that could increase Pilgangoora’s spodumene concentrate production capacity to approximately 2.0 million tonnes per annum.

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At a glance

Pilgangoora

Western Australia

100%

PLS ownership

Brownfield expansion

Project type

Potential production capacity

2.0 Mtpa

Stage

Feasibility study phase with pre-FID capital approved

Scaling a
tier one asset

P2000 would build on our staged growth at the Pilgangoora Operation and help unlock further value from our Ore Reserve.

The Feasibility Study is assessing technical, environmental, regulatory, market and financial requirements for the potential expansion.

Subject to a positive final investment decision, P2000 would represent the next major phase of growth at Pilgangoora.

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Feasibility Study progress
and next steps

The P2000 Feasibility Study is due for completion in the December Quarter 2026.

In June 2026, we approved ~$175 million in pre-final investment decision (pre-FID) capital expenditure to progress early work on the project's critical path.

This is a disciplined investment designed to preserve optionality and maintain project momentum while the feasibility study continues.

This work includes:

  • Engineering and long lead equipment procurement

  • Early site works and infrastructure

  • Regional logistics and access road upgrades

Any final investment decision will remain subject to positive study outcomes, funding capacity and market conditions.

Subject to a positive final investment decision, P2000 is expected to target first ore in mid 2029.

Creating
shared value

If the P2000 Expansion Project progresses, it’s expected to create new jobs during construction and operation, as well as new contracting opportunities for local businesses.

Economic impact1

  • 1000+ construction jobs

  • 500 ongoing operational roles

  • $1.2B+ investment

1 Figures are based on current estimates and project planning and are subject to change

We will continue to share information about potential opportunities for local businesses as the P2000 Expansion Project progresses. Pilbara-based businesses are encouraged to register for the Pilbara Local Business Register.

Learn more about becoming a supplier

The first Expression of Interest for the P2000 Expansion Project opened in April 2026. Work will include a range of packages across the dry plant, wet plant and supporting utilities.

Learn more and register your interest
Employee wearing high vis clothing and a hard hat walking up a conveyor walkway at Pilgangoora during sunset.
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Pre-Feasibility
Study outcomes

The Pre-Feasibility Study, released in June 2024, outlined a pathway to expand production capacity to more than 2 million tonnes per annum at the Pilgangoora Operation.

The Feasibility Study now underway is refining this pathway before any decision to proceed.

View the PFS outcomes here
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P2000 has the potential to represent the next major phase of growth at Pilgangoora and further strengthen PLS’ position as one of the world’s leading lithium producers.

Dale Henderson, Managing Director and CEO

Latest news

Stockpile at the Pilgangoora Operation
19/06/2026 | P2000, Pilgangoora Operation

PLS approves Pre-FID capital expenditure for P2000 Project

PLS has approved pre-final investment decision (pre-FID) capital expenditure to provide the Company optionality to expedite the P2000 Project (P2000) at its 100% owned Pilgangoora Operation. The disciplined pre-FID capital expenditure reflects PLS’ confidence in the long-term demand outlook for lithium and the Company’s strategy to deploy capital where it generates compelling long-term...
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17/06/2026 | Community Australia, Sustainability

PLS backs future electrification skills through Curtin Motorsport Team partnership

PLS is investing in Australia’s future engineering capability through a three-year partnership with Curtin University’s Curtin Motorsport Team (CMT), supporting students as they develop critical skills in battery systems, electric drivetrains and autonomous vehicle technologies that will help underpin the next generation of electrification and automation. Each year, CMT designs, builds and...
Six people stand behind a red ribbon and Premier Roger Cook has large scissors to cut the ribbon.
05/06/2026 | Business, Pilgangoora Operation, Sustainability

PLS opens Australia’s first mine-site lithium mid-stream plant to unlock greater value at the resource

PLS today opened Australia’s first mine-site lithium mid-stream processing facility at its Pilgangoora Operation in Western Australia, with WA Premier Hon. Roger Cook MLA officially cutting the ribbon. The Mid-Stream Demonstration Plant Project (Demonstration Plant) represents a significant milestone in PLS’ strategy to move further down the battery materials value chain and capture greater...
Read more P2000 news

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