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PLS Group Approves AU$175 Million Pre-FID Capital Expenditure for P2000 Project

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PLS Group (ASX:PLS) said it has approved pre-final investment decision (pre-FID) capital expenditure of about AU$175 million to provide optionality to advance the P2000 project at its Pilgangoora Operation in Western Australia, according to a Friday Australian bourse filing.

The company said the pre-FID spending helps position it to deliver a final investment decision in the December quarter, which, if sanctioned by the board, is expected to target first ore in mid-2029.

The expenditure comprises about AU$100 million for processing plant procurement and engineering, about AU$60 million for on-site early works and operational preparation, and about AU$15 million for Wodgina Road East infrastructure and seasonal window execution, it added.

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