Members of the PMG board visited Korea last week 2^nd April to 6^th April to meet with LG Chem & EcoPro. We were met with a warm welcome from both parties who were excited about the project & expressed that demand in Manganese will exceed supply to become a more critical battery element.

Key points:

• PMG Managing Director, Robert Mandanici and Chairman, Simon Andrew, visited Korea last week to establish relationships and introduce Pilbara Metals Group.
• The two directors visited EcoPro GEM (precursor and cathode manufacturer) and LG Chem’s factory establishments.
• The directors gained an increased insight of the market.
• There is a desire from industry to secure supply of key battery components.
• Rising demand for manganese and cobalt will drive industry to secure supply of these two important elements.
• Outcome provides PMG even more confidence moving forward.