The landmark agreement is a major milestone in clearing the way for the grant of the Pilgangoora Mining Lease.
The landmark agreement was formally approved on site with representatives of the Njamal People, cementing a strong working relationship which has been built up between the two parties.
Award of the Mining Lease represents the last key hurdle to the Pilgangoora Mining proposal submission and subsequent final project permitting during the first quarter of next year.
This will allow further construction, development and mining activities to proceed.
The Native Title Agreement covers a range of commercial and non-commercial items which remain confidential in nature.
The agreement encompasses opportunities for local businesses and employment initiatives that will deliver benefits for local communities.
The Pilgangoora Lithium-Tantalum Project is one of the biggest new lithium ore (spodumene) deposits in the world, with a globally significant hard rock spodumene resource.
The project comprises a total resource of 128.6 million tonnes grading 1.22% lithium and 138 ppm tantalum containing 1.57 million tonnes of lithium and 39 million pounds of tantalum.
In September, a definitive feasibility study confirmed a robust, high margin project with a post-tax net present value of $709 million and an internal rate of return of 38.1%.
Pilbara’s share price has increased by about 72% since the beginning of 2016, last trading at $0.54.