Replies to post #101 on Pilbara Minerals Limited (PILBF)

[Shavasana]

>.75 tomorrow?

[Shavasana]

SUCCESSFUL FIRST DRAW-DOWN FROM US$100M SENIOR SECURED BOND ISSUE AS PILGANGOORA ADVANCES RAPIDLY First draw-down marks another significant milestone with the proceeds to fund the completion of construction, plant commissioning and first production from the Pilgangoora Project Highlights • First draw-down completed under the fully subscribed US$100M senior secured bond issue completed in June 2017, following satisfaction of all conditions including a cost-to-complete test. The first draw-down represents ~50% of the total bond proceeds. • The bond was well supported by a combination of large Australian and international funds, as well as the Australian Government body, the Clean Energy Finance Corporation (CEFC). • The Pilgangoora Lithium-Tantalum Project remains on schedule with first spodumene concentrate expected during June 2018. • Stage 1 plant construction and mine development continues to advance rapidly. Direct shipping ore (DSO) operations are also now underway, with first sales expected in early Q2 2018.