# PLS approves A$1.9 billion P2000 lithium expansion > On 15 October, PLS made a final investment decision on its A$1.9 billion P2000 project at Pilgangoora in Western Australia. A new Jimmagunya processing plant is intended to raise spodumene-concentrate production capacity to about 2 million tonnes a year. - Canonical URL: https://newsverum.com/en/news/pls-approves-a19b-p2000-lithium-expansion-in-western-australia - Publisher: Newsverum - Section: Business - Country: Australia - Published: 2026-10-21T00:44:02+00:00 - Updated: 2026-10-21T00:44:02+00:00 - Event / data period: 2026-10-15 - Other editions: [Türkçe](https://newsverum.com/tr/news/pls-approves-a19b-p2000-lithium-expansion-in-western-australia.md), [العربية](https://newsverum.com/ar/news/pls-approves-a19b-p2000-lithium-expansion-in-western-australia.md), [Français](https://newsverum.com/fr/news/pls-approves-a19b-p2000-lithium-expansion-in-western-australia.md), [Español](https://newsverum.com/es/news/pls-approves-a19b-p2000-lithium-expansion-in-western-australia.md), [Deutsch](https://newsverum.com/de/news/pls-approves-a19b-p2000-lithium-expansion-in-western-australia.md), [Português](https://newsverum.com/pt/news/pls-approves-a19b-p2000-lithium-expansion-in-western-australia.md) The company targets first production in the September quarter of 2029. Construction is expected to take about two and a half years, followed by an approximately six-month ramp-up after first production. The project is expected to make about 67 million tonnes of material previously classified as waste economically recoverable as ore. It is expected to create more than 1,000 construction jobs and around 500 ongoing operational roles. Underground mining would require a separate investment decision. ## Data ### PLS approves A$1.9 billion P2000 lithium expansion Methodology: Event and scope as stated in the official release. | date | label | description | status | |---|---|---|---| | 2026-10-15 | PLS takes final investment decision | On 15 October, PLS made a final investment decision on its A$1.9 billion P2000 project at Pilgangoora in Western Australia. A new Jimmagunya processing plant is intended to raise spodumene-concentrate production capacity to about 2 million tonnes a year. | occurred | Sources: · Download data: [JSON](https://newsverum.com/api/v1/articles/pls-approves-a19b-p2000-lithium-expansion-in-western-australia/data/announcement?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/pls-approves-a19b-p2000-lithium-expansion-in-western-australia/data/announcement?lang=en&format=csv) ### P2000 project investment Project investment approved by PLS. Methodology: Figures are transcribed with the scope and qualifiers stated by the source. No conversion or independent forecast has been made. | Indicator | Value | |---|---| | Approved investment | 1.9 | Sources: · Download data: [JSON](https://newsverum.com/api/v1/articles/pls-approves-a19b-p2000-lithium-expansion-in-western-australia/data/p2000-approved-investment?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/pls-approves-a19b-p2000-lithium-expansion-in-western-australia/data/p2000-approved-investment?lang=en&format=csv) ### Planned concentrate production capacity Approximate annual capacity for spodumene concentrate. Methodology: Figures are transcribed with the scope and qualifiers stated by the source. No conversion or independent forecast has been made. | Indicator | Value | |---|---| | Annual spodumene concentrate capacity | 2 | Sources: · Download data: [JSON](https://newsverum.com/api/v1/articles/pls-approves-a19b-p2000-lithium-expansion-in-western-australia/data/p2000-annual-capacity?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/pls-approves-a19b-p2000-lithium-expansion-in-western-australia/data/p2000-annual-capacity?lang=en&format=csv) ## Sources - [PLS Group]() (Source checked: 2026-10-21; Published: 2026-10-15) --- Cite the canonical URL above. [Editorial standards and corrections](https://newsverum.com/en/editorial)