Pilbara Minerals : General Meeting - Withdrawal Of Resolution 3

ASX/Media Announcement 25 July 2017

Pilbara Minerals Limited (ASX: PLS) ("Company") advises that it has today withdrawn "Resolution 3 - Approval for Placement of Shortfall under the Share Purchase Plan" from the agenda of the General Meeting of Shareholders scheduled for 10.00am (WST) on 26 July 2017.

Following the heavy oversubscription of the Company's recent Share Purchase Plan (SPP) as announced on 18 July 2017, the Board of the Company has determined that it is no longer necessary to put the matter of placement of shortfall under the SPP to shareholders for approval.

All other agenda items for the General Meeting remain unchanged and will be put to shareholders for approval. The withdrawal of Resolution 3 from the General Meeting does not affect any proxy forms already submitted in respect of other Resolutions to be presented at the General Meeting.

Pilbara Minerals ("Pilbara" - ASX: PLS) is a mining and exploration company listed on the ASX, specialising in the exploration and development of the specialty metals Lithium and Tantalum. Pilbara owns 100% of the world class Pilgangoora Lithium-Tantalum project which is among the largest Spodumene (Lithium Aluminium Silicate) projects in the world. Pilgangoora is also one of the largest pegmatite hosted Tantalite resources in the world and Pilbara proposes to produce Tantalite as a by-product of its Spodumene production.

Lithium is a soft silvery white metal which is highly reactive and does not occur in nature in its elemental form. It has the highest electrochemical potential of all metals, a key property in its role in Lithium-ion batteries. In nature, it occurs as compounds within hard rock deposits and salt brines. Lithium and its chemical compounds have a wide range of industrial applications resulting in numerous chemical and technical uses. A key growth area is its use in lithium batteries as a power source for a wide range of applications including consumer electronics, power station-domestic-industrial storage, electric vehicles, power tools and almost every application where electricity is currently supplied by fossil fuels.

The Tantalum market is boutique in size with around 1,300 tonnes required each year. Its primary use is in capacitors for consumer electronics, particularly where long battery life and high performance is required such as smart phones, tablets and laptops.