Pilbara Minerals Ltd (ASX:PLS) Signs MOU with Major International Group and Completes Global Sales Network

Sydney, Oct 6, 2015 AEST (ABN Newswire) - Pilbara Minerals (ASX:PLS) has signed a Memorandum of Understanding (MOU) signed with a large International raw materials trading house for the future supply of low-iron spodumene concentrate from Pilbara's flagship 100% owned Pilgangoora Spodumene-Tantalite Project in WA's Pilbara region.

Pilbara Minerals has also signed four MOU's with Chinese lithium chemical producers for Pilgangoora chemical grade spodumene concentrate. These initial strategic agreements demonstrate the high level of early-stage interest from customers and potential off-take partners in the Pilgangoora Project.

Pilbara has now established a global sales network through six strategic off-take partnerships for its Pilgangoora project. MOU's signed with groups based in China, Japan and South Korea, Europe and North America for its low iron technical and chemical spodumene grades.

Pilgangoora has recently been confirmed as the world's second largest hard-rock spodumene deposit following last week's landmark resource upgrade. The deposit has favourable metallurgical characteristics making it suitable to supply both the high-quality glass and ceramics industries as well as the fast-growing global battery market.

To view the release, please visit:
http://media.abnnewswire.net/media/en/docs/81101-ASX-PLS-736211.pdf