http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Tue, 24 Apr 2018 22:31:19 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Piedmont Lithium's test work indicates spodumene concentrate grades of more than 6% lithium ]]> http://www.proactiveinvestors.com.au/companies/news/194464/piedmont-lithium-s-test-work-indicates-spodumene-concentrate-grades-of-more-than-6-lithium-194464.html Piedmont Lithium Ltd's (ASX:PLL) recent flotation test work has indicated spodumene concentrate grades in excess of 6% lithium for its project in the Carolina Tin-Spodumene Belt in North Carolina, USA.

The company remains on schedule to release a maiden mineral resource estimate by the end of this quarter.

Drilling results released last week were promising.

READ: Piedmont Lithium receives drill assays ahead of maiden JORC resource

An integrated scoping study should be released in the third quarter of 2018.

President and chief executive officer Keith Phillips said: “The progress made over the past several months with land acquisition, drilling and metallurgical test work reinforces our view that the project will develop into a world-class, low cost, integrated lithium operation, as formerly existed in North Carolina.

“The company aims to develop the project on a phased approach using conventional technology, much of which was initially developed in our home region.”

Initial test work features high grades

Looking beyond the establishment of a maiden mineral resource and the scoping study, baseline permitting work is underway and applications are on track for submission in the fourth quarter of 2018.

However, the most likely near-term share price catalysts are results from drilling and the establishment of a maiden resource.

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Mon, 09 Apr 2018 09:33:00 +1000 http://www.proactiveinvestors.com.au/companies/news/194464/piedmont-lithium-s-test-work-indicates-spodumene-concentrate-grades-of-more-than-6-lithium-194464.html
<![CDATA[News - Piedmont Lithium receives drill assays ahead of maiden JORC resource ]]> http://www.proactiveinvestors.com.au/companies/news/194197/piedmont-lithium-receives-drill-assays-ahead-of-maiden-jorc-resource-194197.html Piedmont Lithium Ltd (ASX:PLL) has intersected lithium mineralisation in all 21 of its latest holes assayed at the Piedmont Lithium Project in North Carolina.

The infill drilling component of the 20,000-metre program is nearing completion and the maiden JORC resource estimate remains on track for delivery in the June 2018 quarter.

Highlights from the latest assays include 14.6 metres at 1.21% lithium oxide.

Drill rigs will soon move to high priority exploration targets

Piedmont’s president and CEO Keith Phillips said: “Infill drilling is going very well and resource modelling is ongoing.

“We look forward to completing the infill work soon and then shifting to exploration drilling, leading ultimately to a maiden mineral resource estimate in June and a scoping study shortly thereafter.”

Drill rigs will move to high-priority exploration targets on its properties, which will be the focus of the remaining 7,000 metres of drilling.

READ: Piedmont Lithium drill results continue to enhance lithium potential in the US

The latest assays build upon previous drilling results and continue to show similar high-grade mineralisation and pegmatite intercepts.

Piedmont has six drill rigs on site and has completed 76 holes for about 13,000 meters of its planned 20,000-metre phase III program.

Highlights included:

• 14.6 metres at 1.21% lithium oxide;
• 6.0 metres at 1.44% lithium oxide;
• 10.0 metres at 1.19% lithium oxide; and
• 8.1 metres at 1.68% lithium oxide.

Notably, individual drill holes had cumulative thicknesses of mineralisation ranging up to 26.5 metres across 7 pegmatites.

Drilling about to change focus to exploration

To date, 73 infill holes totalling just over 12,500 metres have been completed whereas only 3 exploration holes for 500 metres have been completed.

Piedmont expects the completion of the infill drilling campaign in the coming weeks with emphasis switching to the exploration and wide spaced drilling portion of the phase III program

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Wed, 04 Apr 2018 10:34:00 +1000 http://www.proactiveinvestors.com.au/companies/news/194197/piedmont-lithium-receives-drill-assays-ahead-of-maiden-jorc-resource-194197.html
<![CDATA[News - Piedmont Lithium advances process to list on larger Nasdaq market ]]> http://www.proactiveinvestors.com.au/companies/news/193338/piedmont-lithium-advances-process-to-list-on-larger-nasdaq-market-193338.html Piedmont Lithium Ltd (ASX:PLL) has filed a registration statement on Form 20-F to register its ordinary shares with the United States Securities and Exchange Commission (SEC).

In late 2017, Piedmont joined the Nasdaq International Designation Program, which allowed it to trade on the over-the-counter (OTC) market.

Piedmont has most recently made an application to list on the Nasdaq Capital Market, an exchange providing greater access to investors and capital for the company.

It would do this through the listing of American depositary shares (ADS), where each ADS would be worth 100 shares in Piedmont.

Jorge M. Beristain appointed to board of directors

Furthermore, Jorge M. Beristain has been appointed to the company’s board as an independent non-executive director.

Beristain has a 20-year career on Wall Street and most recently retired as managing director and head of Deutsche Bank’s Americas metals and mining equity research.

He was consistently ranked by institutional investors as one of the top analysts in the US.

Beristain will replace the outgoing Robert Behets.

READ: Piedmont Lithium drill results continue to enhance lithium potential in the US

Keith D. Phillips, president and CEO, said: “Our proposed US listing is an important milestone for Piedmont Lithium and is expected to create greater exposure among institutional and retail investors in the US and internationally.

“We are also pleased to welcome Jorge to the Board and are confident that we will gain from his independent perspective and deep relationships within the institutional investor community.”

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Mon, 19 Mar 2018 10:45:00 +1100 http://www.proactiveinvestors.com.au/companies/news/193338/piedmont-lithium-advances-process-to-list-on-larger-nasdaq-market-193338.html
<![CDATA[News - Piedmont Lithium drill results continue to enhance lithium potential in the US ]]> http://www.proactiveinvestors.com.au/companies/news/193196/piedmont-lithium-drill-results-continue-to-enhance-lithium-potential-in-the-us-193196.html Piedmont Lithium Ltd (ASX:PLL) is continuing to receive high-grade lithium drilling results from its properties in the Carolina Tin-Spodumene Belt (TSB) in North Carolina, US.

READ: Piedmont Lithium enhances its lithium package in North Carolina, US.

The results include intersects of 4.5 metres at 1.87% lithium oxide, 4 metres at 1.78% lithium oxide, 6 metres at 1.39% lithium oxide and 8.3 metres at 1.10% lithium oxide.

Piedmont president and chief executive officer Keith D. Phillips said: “These infill drill results are consistent with our expectations, and with six rigs on property we look forward to a steady stream of drilling news over the next several weeks, leading ultimately to a maiden resource estimate in June and a scoping study shortly thereafter.”

20,000-metre phase III drilling program well advanced

Piedmont has received the assay results from the final 17 holes from the phase II campaign and the first 21 holes from the current phase III drilling campaign.

The results build upon the previous drilling completed on the property and continue to show similar high-grade mineralisation and pegmatite intercepts.

The company has six drill rigs on site and has already completed 52 holes totalling just over 9,000 meters of its planned 20,000-metre phase III program.

READ: Piedmont Lithium initiates scoping study on its lithium project in the US

The results from last year’s and the current drilling campaign continue to give Piedmont confidence in being able to define a shallow, surface mineable resource which is strategically located within the historical lithium mining and processing region of the USA.

The company is aiming to release its maiden resource estimate in accordance with JORC by the end of the second quarter 2018 and follow with an integrated scoping study in the third quarter 2018.

More than 30 holes are currently being assayed with results expected in April.

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Thu, 15 Mar 2018 11:16:00 +1100 http://www.proactiveinvestors.com.au/companies/news/193196/piedmont-lithium-drill-results-continue-to-enhance-lithium-potential-in-the-us-193196.html
<![CDATA[News - Piedmont Lithium enhances its lithium package in North Carolina, U.S. ]]> http://www.proactiveinvestors.com.au/companies/news/192636/piedmont-lithium-enhances-its-lithium-package-in-north-carolina-us-192636.html Piedmont Lithium Ltd (ASX:PLL) is continuing to enhance its first-mover advantage by securing an additional 107 acres within the historical Carolina Tin-Spodumene Belt (TSB) in North Carolina, U.S.

This increases Piedmont’s total land holdings to 1,199 acres and, more importantly, consolidates a further 137-acre land position just south of the company’s core land package where five rigs are currently drilling.

Grab samples have been collected from the new area with nine of the samples returning high-grade lithium, with results including 2.89%, 2.58% and 2.20% lithium oxide.

READ: Piedmont’s lithium strategy attracts broker coverage

Keith D. Phillips, president and chief executive officer, said: “The addition of a third large contiguous land block is highly strategic, particularly given the new property’s location on-trend and midway between our current core land package and the historic Hallman-Beam mine, one of the world’s largest sources of lithium from the 1950s to the 1990s.

“Our geologists are excited about the prospects on the new land, and we are optimistic that our strategy of TSB land consolidation will position us to develop a large, long-lived integrated lithium project.”

READ: Piedmont Lithium conducts further drilling aimed at establishing a maiden resource

Piedmont continues to make significant progress on its 20,000-metre drilling campaign, with the first 13,000 metres committed to infill drilling to define the maiden resource.

On completion of the infill drilling, the company expects to move one or more of the five rigs to the newly acquired properties to test the high-priority drill targets.

Piedmont will report on the progress of the current drilling campaign and future drill targets over the course of this quarter.

READ: Piedmont Lithium initiates scoping study on its lithium project in the U.S.

The company recently appointed Primero Group and CSA Global to manage a scoping study on the Piedmont Lithium Project.

The scoping study is expected to be published shortly after preparing the maiden resource.

Meanwhile, Piedmont is continuing to add to its land position in the TSB during the course of 2018 with management in discussions with multiple landowners in the region to secure additional land.

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Tue, 06 Mar 2018 11:15:00 +1100 http://www.proactiveinvestors.com.au/companies/news/192636/piedmont-lithium-enhances-its-lithium-package-in-north-carolina-us-192636.html
<![CDATA[News - Piedmont Lithium's acquisition increases North Carolina lithium package to 245 acres ]]> http://www.proactiveinvestors.com.au/companies/news/190948/piedmont-lithium-s-acquisition-increases-north-carolina-lithium-package-to-245-acres-190948.html Piedmont Lithium Ltd’s (ASX:PLL) increase of its lithium mineral rights by 188 acres has benefits in that it adjoins 57 acres where the company has an option to purchase.

In acquiring the rights, the company negotiated a land acquisition agreement signed with local landowners in the Carolina Tin-Spodumene Belt in North Carolina, United States.

The new acreage combined with that under option creates a 245 acre contiguous land package in close proximity to the past-producing Hallman-Beam mine.

Close proximity to phase 3 drilling program

The acreage is within four miles of the company’s current Phase 3 drilling program.

Piedmont’s intends to consolidate land in the region between its newly optioned and historical landholdings.

This is in keeping with its strategy to support the large and long-lived integrated lithium project the company intends to develop and to this and it is commencing a scoping study.

READ: Piedmont Lithium initiates scoping study on its lithium project in the US Management suggests this could increase the size of the lithium project

Keith Phillips, chief executive officer, said: “This land acquisition is highly-strategic because the property is located on-trend and immediately south of the historic Hallman-Beam mine.

“This was one of the world’s largest sources of lithium from the 1950s to the 1990s.

“In combination with 57 adjacent acres we already control, we now have a 245-acre package which could serve as a second core mining area.

“This could enable our company to significantly increase the size of the lithium project.”

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Thu, 01 Feb 2018 10:29:00 +1100 http://www.proactiveinvestors.com.au/companies/news/190948/piedmont-lithium-s-acquisition-increases-north-carolina-lithium-package-to-245-acres-190948.html
<![CDATA[News - Piedmont Lithium initiates scoping study on its lithium project in the U.S. ]]> http://www.proactiveinvestors.com.au/companies/news/190503/piedmont-lithium-initiates-scoping-study-on-its-lithium-project-in-the-us-190503.html Piedmont Lithium Ltd (ASX:PLL) (OTCMKTS:PLLLY) is commencing a scoping study on its Piedmont Lithium Project located within the world-class Carolina Tin-Spodumene Belt in North Carolina, U.S.

READ: Piedmont Lithium adds U.S. expertise to enhance lithium strategy

The company has appointed Primero Group and CSA Global to manage the study.

Keith D. Phillips, president and chief executive officer, said: “The experience and ability that these companies bring to Piedmont Lithium’s scoping study efforts will add value to our exciting project as the company begins its next stage of project development.

“The addition of a conversion plant to the scoping study potentially enhances Piedmont’s position as one of the world’s best-located lithium projects.”

READ: Piedmont’s lithium strategy attracts broker coverage

The scoping study will address an integrated project including mine, concentrator and lithium conversion plant.

The location of the project in mining-friendly North Carolina is expected to provide many positive advantages to the integrated project.

Maiden resource is due in Q2 2018

Piedmont is expected to complete the scoping study early in Q3 2018.

The scoping study will be published shortly after preparing a maiden resource, which is expected in Q2 2018.

Lead engineer brings valuable lithium experience to the project

Primero Group has been appointed as lead engineer and will focus on the concentrator and lithium conversion plant aspects of the study.

Primero brings valuable hard rock lithium experience to the project, having been engaged on recent projects in Australia and Canada at the scoping, feasibility, and project delivery level.

CSA has been appointed to complete the mine design, and has been working with Piedmont on resource geology, quality assurance and database management on the project.

In parallel with these engineering study efforts, Piedmont is expected to begin its permitting process and metallurgical test work programs in Q1 2018.

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Wed, 24 Jan 2018 11:37:00 +1100 http://www.proactiveinvestors.com.au/companies/news/190503/piedmont-lithium-initiates-scoping-study-on-its-lithium-project-in-the-us-190503.html
<![CDATA[News - Piedmont Lithium to benefit from two major U.S. policy changes ]]> http://www.proactiveinvestors.com.au/companies/news/190141/piedmont-lithium-to-benefit-from-two-major-us-policy-changes-190141.html Piedmont Lithium Ltd (ASX:PLL) is set to benefit from two important U.S. federal policy changes related to critical minerals and corporate taxes signed off on in late-2017.

The changes reinforce the strategic and financial benefits of the company’s unique location within the world-class Carolina Tin-Spodumene Belt in the U.S. state of North Carolina.

Trump signed off on two policy changes in December 2017

President Donald Trump signed an executive order on December 20, 2017 regarding a policy to reduce the country’s vulnerability to disruptions in the supply of critical minerals.

Lithium is one of the 23 critical mineral resources identified by the U.S.

Similarly, the Tax Cuts and Jobs Act that Trump signed on December 22, 2017 will reduce the U.S. corporate tax rate from 35% to 21% as well as provide other accounting benefits.

Initial scoping study due mid-year

Keith Phillips, chief executive, said: “Ours is one of the world’s best-located lithium projects, and these two important policy initiatives will further improve our strategic positioning.

“Among other benefits of the U.S. Administration’s renewed emphasis on the domestic production of critical materials, we expect a streamlining of the federal permitting process which may accelerate our transition from developer to producer.

“Furthermore, we aim to demonstrate low capital and operating costs when we complete our initial scoping study mid-year, and we will now have the benefit of lower corporate tax rates than are in effect in any other major lithium producing region, which should positively impact our project’s after-tax IRRs in a material way.”

READ: Piedmont Lithium adds U.S. expertise to enhance lithium strategy ]]>
Wed, 17 Jan 2018 13:02:00 +1100 http://www.proactiveinvestors.com.au/companies/news/190141/piedmont-lithium-to-benefit-from-two-major-us-policy-changes-190141.html
<![CDATA[News - Piedmont’s lithium strategy attracts broker coverage ]]> http://www.proactiveinvestors.com.au/companies/news/189910/piedmonts-lithium-strategy-attracts-broker-coverage-189910.html Piedmont Lithium Ltd (ASX:PLL OTCMKTS:PLLLY) is attracting broker attention due to its U.S. lithium strategy with Foster deriving a 12-month price target of $0.30 per share.

Sydney-based Foster has maintained the speculative buy rating it previously placed on Piedmont.

It has also moved Piedmont to formal research coverage status as it was formerly covered under ‘Talking Point’.

The company, which aims to build an integrated lithium business centred on the Piedmont Lithium Project in the Carolina Tin-Spodumene Belt, closed at $0.21 on Thursday.

READ: Piedmont Lithium adds U.S. expertise to enhance lithium strategy

Foster’s latest report follows U.S. investment firm Roth Capital Partners initiating coverage of Piedmont with a buy rating and an ADR price target of $US23.

In North America Piedmont shares trade as American depository receipts (ADRs) with each ADR having the same value as 100 ASX shares.

The ADRs were at US$17.11 in Thursday trading.

The following is an extract from Foster’s report.

Investment Highlights:

Piedmont Lithium (PLL) announced successful completion of its 12,262m Phase 2 drill campaign at its Piedmont project, with further assay results showing lithium mineralisation consistent with previous holes.

A new drill campaign of 20,000m was launched last month, with the aim of 1) Defining a maiden JORC Resource; and 2) Testing further extensions of pegmatites down dip and along strike.

PLL announced an Exploration Target of 10-15Mt at 1.0-1.25% for the Piedmont project, based on preliminary geological modelling of drill results so far. The target was estimated by CSA Global. We do not see the Target as indication of the final size of the project resource, but more as a starting base from what has been drilled to date. This is because mineralisation remains open along strike and depth.

We expect a maiden JORC Resource to be announced in early-mid CY2018, post the new drill campaign. 13,000m of the 20,000m drilling will be targeting infill, and we expect the Resource to comprise a significant Indicated component. This will facilitate PLL to soon complete a Scoping Study on Piedmont. We believe the company is at least targeting a ten year mine life at a 1Mtpa rate. Given the Exploration Target, this is certainly achievable.

PLL undertook a $16M equity placement in October 2017 which will expedite development of the project including the new drill campaign and studies. The company also has acquired further land acreage in Piedmont, increasing its holding by 26% to 903 acres. PLL is still engaged in conversations with landowners to acquire more land in the area.

Timeline:

We expect the drill campaign to comprise the bulk of activity in the 1QCY2018, which would then lead to a maiden JORC Resource in 2QCY2018, with a scoping study to follow soon after.

Once the scoping study is completed, PLL can then begin permitting.

Metallurgical testing of drilled core samples is underway at SGS Lakefield laboratory in Ontario, while the Mineral Research Laboratory in North Carolina is performing spodumene concentrate testing.

Further valuation upside:

The peer comparison suggests that PLL is trading near that implied for explorers or those in studies ($0.215/sh). However we note two major factors that can provide upside to PLL’s valuation over the next 12 months.

First, the location of Piedmont project in the favourable jurisdiction of North Carolina, surrounding infrastructure, and proven project development experience of the Board suggests the company can relatively quickly progress and permit the project, should it define a sufficient pittable resource.

Second, we have undertaken the comparative peer valuation on the current exploration target only. As was shown in Figure 4, the potential for PLL to further add resources outside the target exists. This is not to mention the additional acreage it is seeking to secure for Piedmont. Any uplift to the exploration target should have positive impact on valuation.

Consequently we believe that PLL’s valuation could move forward over the next 12 months, to be more in line with the average of its peers ($0.30).

Recommendation:

We maintain our Speculative Buy on PLL, and derive a 12-month price target (PT) of $0.300/share (previously no PT). Our price target is based on applying average peer EV/resource multiple to PLL’s Exploration Target.

Catalysts for the share price:

- Further drill results;

- Defining a maiden JORC Resource;

- Scoping and Feasability studies;

- Met test results;

- Permitting; and

- Financing and offtake agreements.

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Fri, 12 Jan 2018 12:31:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189910/piedmonts-lithium-strategy-attracts-broker-coverage-189910.html
<![CDATA[News - Piedmont Lithium adds U.S. expertise to enhance lithium strategy ]]> http://www.proactiveinvestors.com.au/companies/news/189763/piedmont-lithium-adds-us-expertise-to-enhance-lithium-strategy-189763.html Piedmont Lithium Ltd (ASX:PLL OTCMKTS:PLLLY) has added three experienced U.S. executives to its team as it seeks to advance its lithium strategy.

Patrick Brindle, David Buckley and Bruce Czachor have been appointed as senior officers of the company.

They will help drive different aspects of Piedmont’s plan to build an integrated lithium business centred on the Piedmont Lithium Project in the Carolina Tin-Spodumene Belt.

READ: Piedmont Lithium conducts further drilling aimed at establishing a maiden mineral resource

Patrick Brindle will be vice president – project management, David Buckley will be vice president – chief process engineer and Bruce Czachor will be vice president – general counsel.

Keith Phillips, president and chief executive officer, said, “I am excited that Patrick, Dave and Bruce have chosen to join the Piedmont team.

“Patrick is a highly experienced engineer and has been instrumental in taking many companies from scoping study through to production.

“He will be coordinating the technical and permitting studies we are commencing in early 2018.”

Decades of experience

Phillips said: “Dave has decades of experience in the sector, including several years focused on the Carolina Tin-Spodumene Belt.

“We are committed to building an integrated lithium business and Dave will be instrumental in the development of our downstream strategy.

“I have known Bruce for over 25 years and he will be extremely helpful in driving our U.S. capital markets strategy.

“He will play an important role in the strategic and offtake conversations that are beginning to develop.

“2018 year will be an exciting year for Piedmont, with metallurgical testing, a maiden resource and scoping study all planned for the first half of the year.”

Roth Capital initiates coverage

U.S.-based investment banking firm Roth Capital Partners has initiated coverage of Piedmont with a buy rating.

In North America Piedmont shares trade as American depository receipts (ADRs) with each ADR having the same value as 100 ASX shares.

Piedmont ADRs were last trading at US$17.39 in the U.S. on Tuesday and the Roth price target is US$23.

Roth Capital said: “Although we believe Piedmont’s recent drill campaign and the release of an exploration target provided investors with significant catalysts, the next few quarters could provide many more significant catalysts.”

Catalysts in 2018

These catalysts include phase III drilling of 20,000 metres, an initial resource estimate in the June quarter of 2018 and release of a scoping study in mid-2018.

Roth said: “The company is also likely to focus on a smaller initial project that significantly reduces the permitting time frame.

“We believe a shift in company expectations from a 21-month permitting process to a nine-month process would be a major positive catalyst.”

READ: Piedmont Lithium's Keith Phillips increases stake on-market

The Carolina Tin-Spodumene Belt has been described as one of the largest lithium provinces in the world and is circa 40 kilometres west of Charlotte, North Carolina.

It is a premier location to be developing an integrated lithium business due to its favorable geology, proven metallurgy and easy access to infrastructure, including power.

The belt is also adjacent to R&D centres for lithium and battery storage, major high-tech population centres and downstream lithium processing facilities.

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Wed, 10 Jan 2018 11:48:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189763/piedmont-lithium-adds-us-expertise-to-enhance-lithium-strategy-189763.html
<![CDATA[News - Piedmont Lithium's Keith Phillips increases stake on-market ]]> http://www.proactiveinvestors.com.au/companies/news/189063/piedmont-lithium-s-keith-phillips-increases-stake-on-market-189063.html Piedmont Lithium Ltd's (ASX:PLL) chief executive officer, Keith Phillips, has demonstrated his confidence in the company’s U.S lithium strategy by increasing his direct stake with the purchase of 2,000 American depository receipts (ADRs) on-market.

The ADRs represent 200,000 shares and had a consideration of US$28,038.

Phillips’ direct holding is now 600,000 shares and 2500 ADRs.

Piedmont Lithium’s ADRs have only recently commenced trading on the OTC Market as a member of the Nasdaq International Designation under code PLLLY.

READ: Piedmont Lithium CEO buys shares on-market

In November Phillips purchased 50,000 shares and 500 ADRs on market with a total value of $19,479.

Piedmont recently increased its lithium mineral rights by 188 acres through additional land option and acquisition agreements in the Carolina Tin-Spodumene Belt in the U.S.

The Piedmont Lithium Project now encompasses 903 acres within the belt, representing a 118% increase from its initial landholding as at September 2016.

First mover advantage

Piedmont is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region.

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Thu, 21 Dec 2017 08:15:00 +1100 http://www.proactiveinvestors.com.au/companies/news/189063/piedmont-lithium-s-keith-phillips-increases-stake-on-market-189063.html
<![CDATA[News - Piedmont Lithium conducts further drilling aimed at establishing a maiden mineral resource ]]> http://www.proactiveinvestors.com.au/companies/news/188697/piedmont-lithium-conducts-further-drilling-aimed-at-establishing-a-maiden-mineral-resource-188697.html Piedmont Lithium Ltd (ASX:PLL) (OTCMKTS:PLLLY) has embarked on a 20,000-metre drilling program at its Piedmont Lithium Project located in Carolina, US.

This follows the company’s recent capital raising and is expected to build upon recent drilling success.

The project is located within the world-class Carolina tin-spodumene belt, a region that provided most of the western world’s lithium between 1950 and 1990.

Infill drilling aimed at defining a maiden resource

The new drill program will be focused on completing infill drilling for the definition of a maiden mineral resource.

It will also aggressively test the extensions of the pegmatites identified both along strike and down dip.

READ: Piedmont Lithium drill results extend lithium mineralisation further

Based on drilling results and geological modelling of the pegmatites, the company is expecting an initial exploration target of between 10 to 15 million tonnes.

Piedmont Lithium estimates lithium grades will be in a range between 1.00% and 1.25% as indicated by CSA Global.

Management confident of developing world-class integrated lithium operation

It is important to note though that the exploration target is conceptual in nature and there has not been sufficient exploration undertaken in order to estimate a classified mineral resource.

That said, management remains highly confident in its ability to develop a world-class integrated lithium operation in North Carolina and will continue its land acquisition strategy to capitalise on its first mover advantage.

The location of the project provides Piedmont with some key competitive strengths over some of its peers.

Proximity to processing facilities, end markets and essential infrastructure an advantage

These include it being the only independent spodumene project strategically located in the US with proximity to major downstream lithium processing facilities.

Importantly, the region is also well situated to service major US battery customers such as General Motors, BMW, Nissan and Tesla.

Piedmont Lithium also has ready access to low-cost gas and power infrastructure and major transport networks.

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Thu, 14 Dec 2017 08:47:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188697/piedmont-lithium-conducts-further-drilling-aimed-at-establishing-a-maiden-mineral-resource-188697.html
<![CDATA[News - Piedmont Lithium drill results extend lithium mineralisation further ]]> http://www.proactiveinvestors.com.au/companies/news/187945/piedmont-lithium-drill-results-extend-lithium-mineralisation-further-187945.html Piedmont Lithium Ltd (ASX:PLL) has received assays for a further 26 holes from its phase II drilling program at its Piedmont Lithium Project within the Carolina Tin-Spodumene Belt in the U.S.

Results received continue to confirm high-grade lithium mineralisation along the four kilometres of strike within the project.

Intersections from the latest batch of assay results include 18.04 metres at 1.01% lithium oxide.

Assays have now been received for a total of 76 holes in the 93-hole phase II drill program.

READ: Piedmont Lithium makes use of first mover advantage

Preliminary geological modelling has, thus far, identified 38 pegmatite bodies within the 4+ kilometres of strike.

Notably, the vast majority of the pegmatites are being intersected at depths less than 100 meters from surface.

Assay results for the remaining 17 drill holes are expected to be received over the next few weeks.

Exploration aims to define a shallow, open-pitable lithium deposit

Highlights from the recent batch of assays include 24.38 metres of cumulative thickness across three pegmatites including 18.04 metres at 1.01% lithium oxide.

Similar results included 23.64 metres of cumulative thickness across five pegmatites and 22.82 metres of cumulative thickness across four pegmatites.

READ: Piedmont Lithium drill results confirm resource potential

As a result of the work done to date, Piedmont is confident in defining a shallow, open-pitable deposit within the Piedmont Lithium Project.

Keith Phillips, chief executive, said: “These additional drill results are outstanding and confirm our belief in the Piedmont Lithium Project.

“Our team has discovered a world-class mineral system with over 30 pegmatite bodies over a combined 4+ kilometres of strike length, virtually all within 100 meters of surface.

“We look forward to receiving the remaining Phase 2 assay results over the coming weeks.”

READ: Piedmont Lithium CEO buys shares on-market

Logging, sampling and shipping of all phase II drill core samples has been completed.

All assays from the phase II program should be received by early-December.

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Wed, 29 Nov 2017 15:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187945/piedmont-lithium-drill-results-extend-lithium-mineralisation-further-187945.html
<![CDATA[News - Piedmont Lithium CEO buys shares on-market ]]> http://www.proactiveinvestors.com.au/companies/news/187486/piedmont-lithium-ceo-buys-shares-on-market-187486.html Piedmont Lithium (ASX:PLL) has received a vote of confidence from Keith Phillips, President and CEO, who recently purchased 44,444 shares and 500 American depository receipts (ADRs) on-market.

The 500 ADRs purchased represent 50,000 shares and the ADRs have only recently commenced trading on the OTC Market as a member of the Nasdaq International Designation.

The purchases totalled $19,479 and increased Phillips’ total company shareholding to 600,000 shares and 500 ADRs.

Piedmont most recently increased its lithium mineral rights by 188 acres through additional land option and acquisition agreements in the Carolina Tin-Spodumene Belt in the U.S.

The Piedmont Lithium Project now encompasses 903 acres within the TSB, representing a 118% increase from its initial landholding as at September 2016.

Piedmont is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region.

READ NOW: Piedmont Lithium makes use of first mover advantage ]]>
Mon, 20 Nov 2017 19:08:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187486/piedmont-lithium-ceo-buys-shares-on-market-187486.html
<![CDATA[News - Piedmont Lithium makes use of first mover advantage ]]> http://www.proactiveinvestors.com.au/companies/news/187268/piedmont-lithium-makes-use-of-first-mover-advantage-187268.html Piedmont Lithium (ASX:PLL) has increased its lithium mineral rights by 188 acres through additional land option and acquisition agreements in the Carolina Tin-Spodumene Belt in the U.S.

The Piedmont Lithium Project now encompasses 903 acres within the TSB, representing a 118% increase from its initial landholding as at September 2016.

Piedmont is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region.

The 93-hole, 12,262-meter, Phase 2 diamond drilling program was recently completed and assays for the remaining 42 holes are expected over the coming weeks.

Keith Phillips, CEO, commented: “These strategic land acquisitions are on-trend and should enable us to grow mineral resources over time, ultimately leading to greater throughput and a longer mine life.

“These latest agreements increase our land holdings in the prolific Carolina Tin-Spodumene Belt by over 26%, and we are in conversations with many other landowners to further consolidate our position in the region.”

Initial prospecting at new area identifies spodumene

During initial prospecting, an area of multiple spodumene bearing float blocks was identified on one of the new properties. The blocks range up to 1 meter in scale.

Grab samples have been collected and submitted to the lab for analysis.

Prospecting and soil sampling are planned for all of the new properties in order to identify high priority drill targets.

First trading on the NASDAQ

The company’s first American Depository Receipts (ADRs) were traded on the OTC Market last week as a member of the Nasdaq International Designation.

Piedmont aims to develop substantial liquidity on the Nasdaq OTC market prior to its planned full U.S. listing early in 2018.

With a U.S. asset and a U.S.-based management team, the company expects to develop a strong following in the U.S. capital markets as a complement to its ASX base.

Recent capital raising

Piedmont recently completed a $16 million share placement to institutional and sophisticated investors in Australia, the U.S, Canada, and the U.K.

READ NOW: Piedmont Lithium completes $16M placement

The company is also expecting diamond drilling assays for 42-holes over the coming weeks after receiving a batch of assays earlier in November.

READ NOW: Piedmont Lithium drill results confirm resource potential ]]>
Wed, 15 Nov 2017 15:18:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187268/piedmont-lithium-makes-use-of-first-mover-advantage-187268.html
<![CDATA[News - Piedmont Lithium gains new substantial holder as shares run ]]> http://www.proactiveinvestors.com.au/companies/news/186844/piedmont-lithium-gains-new-substantial-holder-as-shares-run-186844.html Piedmont Lithium (ASX:PLL) has a new substantial shareholder as AustralianSuper Pty Ltd has acquired 31.25 million shares in the company.

This gives the superannuation fund a 5.64% stake in Piedmont who is expediting development at its 100% owned Piedmont Lithium Project the U.S. state of North Carolina.

AustralianSuper is part of the largest industry super fund in Australia with more than 2.2 million members across the country that invests over A$119 billion across a range of asset classes.

Piedmont recently completed a $16 million share placement to institutional and sophisticated investors in Australia, the U.S, Canada, and the U.K.

READ NOW: Piedmont Lithium completes $16M placement

The company is expecting diamond drilling assays for 42-holes over the coming weeks.

]]>
Tue, 07 Nov 2017 16:56:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186844/piedmont-lithium-gains-new-substantial-holder-as-shares-run-186844.html
<![CDATA[News - Piedmont Lithium completes $16M placement ]]> http://www.proactiveinvestors.com.au/companies/news/186702/piedmont-lithium-completes-16m-placement-186702.html Piedmont Lithium (ASX:PLL) has today issued 100 million shares to investors under its recently outlined share placement, which has raised $16 million.

As per the placement, shares priced at $0.16 have been issued to institutional and sophisticated investors in Australia, the U.S, Canada, and the U.K.

Funds raised will be used to expedite development of the company’s 100% owned Piedmont Lithium Project located in the world-class Carolina Tin-Spodumene Belt (TSB) in the U.S.

The TSB is one of the premier localities in the world to be exploring for lithium pegmatites given its history of lithium-bearing spodumene mining, favourable geology and ideal location.

The project has easy access to infrastructure, power, research centres for lithium and battery storage, major high-tech population centres and downstream lithium processing facilities.

The TSB was the most important lithium producing region in the western world prior to the establishment of the brine operations in Chile in the late 1990s.

Piedmont is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region.

The 93-hole, 12,262-meter, Phase 2 diamond drilling program was recently completed and assays for the remaining 42 holes are expected over the coming weeks.

READ NOW: Piedmont Lithium drill results confirm resource potential ]]>
Fri, 03 Nov 2017 14:25:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186702/piedmont-lithium-completes-16m-placement-186702.html
<![CDATA[News - Piedmont Lithium drill results confirm resource potential ]]> http://www.proactiveinvestors.com.au/companies/news/186619/piedmont-lithium-drill-results-confirm-resource-potential-186619.html Piedmont Lithium (ASX:PLL) has received assay results from a further 25 holes in its Phase 2 diamond drilling program at its Piedmont Lithium Project located in North Carolina, U.S.

Results continue to confirm high-grade lithium mineralisation along 4 kilometres of strike within the world-class Carolina Tin-Spodumene Belt.

The 93-hole Phase 2 diamond drilling program, which totalled 12,262 meters is now complete and latest assays include 8.86 metres at 1.72% lithium oxide.

Piedmont is aiming to define an Exploration Target in December 2017 with the Phase 2 results, which is to be followed by a maiden resource in early-2018.

The company anticipates receiving assay results for the remaining 42 holes over the coming weeks.

Keith D. Phillips, CEO, commented

“These additional Phase 2 results continue to showcase the high-grade mineralisation throughout our growing land package.

“We are increasingly confident in our ability to define a large lithium deposit in this historic belt, and we look forward to releasing the remaining results of our Phase 2 drilling campaign over the coming weeks.”

Drill result details

Assay results for a further 25 diamond drill holes in the 93-hole program have been received.

Highlights include:

- 25.22 metres of cumulative thickness of mineralisation across 6 pegmatites including 5.40 metres at 1.46% lithium oxide, 2.65 metres at 1.24% lithium oxide and 2.00 metres at 1.43% lithium oxide;
- 21.92 metres of cumulative thickness of mineralisation across 5 pegmatites including 8.86 metres at 1.72% lithium oxide, and 8.04 metres at 1.02% lithium oxide;
- 18.66 metres of cumulative thickness of mineralisation across 6 pegmatites including 6.27 metres at 1.39% lithium oxide, 4.21 metres at 1.83% lithium oxide, 2.26 metres at 1.52% lithium oxide and 1.68 metres at 1.83% lithium oxide;
- 18.64 metres of cumulative thickness of mineralisation across 6 pegmatites including 6.66 metres at 1.59% lithium oxide and 2.68 metres at 1.58% lithium oxide;
- 14.08 metres of cumulative thickness of mineralisation across 5 pegmatites including 5.03 metres at 1.98% lithium oxide and 2.04 metres at 1.52% lithium oxide; and
- 12.97 metres of cumulative thickness of mineralisation across 2 pegmatites including 10.36 metres at 1.53% lithium oxide.

These results build on the first batch of assays received in late September 2017.

READ NOW: Piedmont builds scale at the world’s best-located lithium project Phase 2 drilling program

The Phase 2 drilling program has identified eight significant spodumene-bearing pegmatites dikes or dike swarms totalling 4 kilometres in strike length.

These eight pegmatite trends consist of one to multiple spodumene-bearing dikes with drill thickness ranging up to 16 meters.

Piedmont is very encouraged by the visual observations of mineralisation in the remaining 42 holes and expects to receive additional assays over the coming weeks.

Recent $16 million capital raising

Last month, Piedmont outlined that it had successfully completed a bookbuild for a placement of 100 million shares priced at A$0.16 to raise A$16 million.

Shares will be placed to institutional and sophisticated investors located in Australia and the United States.

Proceeds from the placement will be used to expedite development of the Piedmont project.

READ NOW: Piedmont Lithium bags $16M to accelerate lithium project in the U.S. ]]>
Thu, 02 Nov 2017 14:44:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186619/piedmont-lithium-drill-results-confirm-resource-potential-186619.html
<![CDATA[News - Piedmont Lithium bags $16M to accelerate lithium project in the U.S. ]]> http://www.proactiveinvestors.com.au/companies/news/186390/piedmont-lithium-bags-16m-to-accelerate-lithium-project-in-the-us-186390.html Piedmont Lithium Ltd (ASX:PLL) has successfully completed a bookbuild for a placement of shares at $0.16 each to institutional and sophisticated investors to raise $16 million.

The proceeds from the placement will be used to expedite the development of the company’s Piedmont Lithium Project located in the world-class Carolina Tin-Spodumene Belt (TSB) in the U.S.

The company is also planning to secure additional land within the TSB, complete additional drilling and technical studies for the project.

Keith Phillips, president and chief executive officer, commented: “We are extremely pleased with the overwhelming demand and strong institutional support received for the placement which significantly enhances the nature of our register and reflects the quality of our Piedmont Lithium Project.

“The funds will allow us to accelerate our project development plans for what we believe to be the world’s most strategically located lithium project.”

Project background

The Piedmont lithium project is located in an infrastructure rich region of North Carolina.

The Carolina Tin-Spodumene Belt was the world’s primary source for lithium from the 1950's to the 1980's, and hosts the country's only two historic spodumene mines.

Piedmont's land holdings are less than 25 kilometres from the only two large lithium processing facilities in the U.S. - making it one of the world’s best-located lithium projects.

Recent assays from the company’s Phase 2 drill program at the project has confirmed eight mineralised trends totalling circa four kilometres of strike length.

The highlights include 21.3 metres of mineralisation across four pegmatites, with high grade zones of 6.7 metres at 1.32% lithium, 4.5 metres at 1.24% lithium and 1.5 metres at 1.52% lithium.

Next steps

Piedmont has already established relationships with leading technical and marketing consultants in the lithium sector.

The company is planning to accelerate feasibility studies with regards to metallurgical, mine development and off-take plans.

Piedmont is aiming for an exploration target in December 2017 and a maiden resource in early-2018.

Earlier this month, Piedmont became the first pure lithium play to join the NASDAQ.

READ NOW: Piedmont Lithium begins trading on Nasdaq

This provides a larger pool of investors who will now be able to gain exposure to the Piedmont lithium project.

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Mon, 30 Oct 2017 15:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186390/piedmont-lithium-bags-16m-to-accelerate-lithium-project-in-the-us-186390.html
<![CDATA[News - Piedmont Lithium attracts funding for world-class lithium ]]> http://www.proactiveinvestors.com.au/companies/news/186219/piedmont-lithium-attracts-funding-for-world-class-lithium-186219.html Piedmont Lithium Ltd (ASX:PLL,OTC – Nasdaq International: PLLLY) was recently the first pure lithium play to join the NASDAQ.

This provides a larger pool of investors that will now be able to gain exposure to the Piedmont lithium project, which is located in an infrastructure-rich region of North Carolina.

Piedmont has been granted a trading halt by the ASX, pending details regarding a capital raising being managed by Foster Stockbroking.

The halt will remain in place until the opening of trade on Monday 30th October 2017, or earlier if an announcement is made to the market.

READ NOW: Piedmont builds scale at the world’s best-located lithium project ]]>
Thu, 26 Oct 2017 09:08:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186219/piedmont-lithium-attracts-funding-for-world-class-lithium-186219.html
<![CDATA[News - Piedmont Lithium begins trading on Nasdaq ]]> http://www.proactiveinvestors.com.au/companies/news/185469/piedmont-lithium-begins-trading-on-nasdaq-185469.html Piedmont Lithium (ASX:PLL) has been admitted to Nasdaq International Designation and its American Depositary Receipts (ADRs) have commenced trading in the U.S.

A larger pool of investors will now be able to gain exposure to the Piedmont lithium project, which is located in an infrastructure-rich region of North Carolina.

The project is located less than 10 miles from the only two large lithium processing facilities in the U.S.

The company will now begin an extensive marketing campaign to new U.S. investors.

It will also continue to build relationships with U.S. banks and brokers that have experience and knowledge of the lithium and clean-technology sectors.

Keith Phillips, CEO, commented

“Launching an ADR program in the U.S signals a key milestone as we drive development forward at our Piedmont Lithium Project in North Carolina and boost visibility among U.S investors.

“We are excited to begin an extensive U.S marketing campaign with a Nasdaq International Designation that allows investors to trade in U.S dollars, during U.S trading hours.”

Phase 2 drilling campaign

Phase 2 drilling originally completed last month in September but was extended for a further 3,000 metres.

Current drilling is only scratching the surface of the Piedmont project as it is typically testing the pegmatites at less than 100 metres vertical depth.

Final assays are expected to be released over the remainder of the current December quarter.

Drill results will be used to form both an Exploration Target and a maiden JORC resource estimate.

READ NOW: Assays from the first 26 holes of the Phase 2 drilling ]]>
Thu, 12 Oct 2017 13:41:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185469/piedmont-lithium-begins-trading-on-nasdaq-185469.html
<![CDATA[News - Piedmont Lithium rated a Speculative Buy from Sydney broker ]]> http://www.proactiveinvestors.com.au/companies/news/184878/piedmont-lithium-rated-a-speculative-buy-from-sydney-broker-184878.html Piedmont Lithium Ltd (ASX:PLL) is a company attracting broker attention due to its strategically located U.S. lithium asset.

Sydney-broker Foster has applied a Speculative Buy to the company. The following is an extract from the report.

Event:

We provide an overview of Piedmont Lithium Ltd (PLL).

Investment Highlights:

PLL has secured 715 acres in the historic mining area of the tin spodumene belt (TSB) in North Carolina as part of its Piedmont lithium project.

The project is along trend from the historic Hallman-Beam and Kings Mountain lithium spodumene mines which produced from the 1950s to 1990s.

Nearby are Albemarle’s and FMC’s operating downstream lithium process plants.

Results from both historic and PLL’s own drilling in the project have mostly intersected significant lithium mineralisation across a number of pegmatite layers.

Results confirm four major corridors of lithium mineralisation across the project with a cumulative strike length of 4km.

A number of moderate to steeply dipping pegmatite layers are evident, and cumulative thicknesses range from 5m to 25m.

Mineralisation is open in all directions with drilling to date being down to 100m vertical depths.

PLL is continuing its drill program and is aiming to define an Exploration Target by end CY2017 and a maiden JORC Resource in early 2018.

Attractive infrastructure to contribute low costs.

The project lies only 40km west of the major city of Charlotte, home to Albemarle Corporation and FMC Lithium division headquarters.

Major transmission lines and natural gas pipeline run immediately south of the project, while the project is traversed by paved roads.

There is nearby access to highways, rail, and Charlotte airport.

We expect both relatively low power and labour costs from the local workforce.

Business friendly state.

Both the highly regarded Fraser Institute and Forbes rank North Carolina 2nd among all US states for business.

State tax is only 3% and recently legislated to be 2.5% in 2019.

The US market is short supply of local lithium, with net imports (mostly from Chile and Argentina) greater than 50% of consumption.

There is appetite for local supply, as demonstrated by FMC’s offtake agreement to secure lithium from Nemaska’s Whabouchi spodumene project in Quebec.

PLL is well placed to exploit this strategic need should it define a minable and attractive resource.

Board and management combine extensive experience in successfully founding, developing and commercialising junior resource companies plus relevant experience in the TSB including mining and downstream processing.

Key Board members include Taso Arima, Ian Middlemas, and Keith Phillips.

Earnings and Valuation:

We currently do not forecast earnings or derive a valuation.

However we have compared PLL’s valuation to those of North American and ASX listed peers and believe that it has strong potential to appreciate as the project is derisked.

Recommendation:

We recommend PLL as a Speculative Buy given we expect the attractive location, strong Board, and drill results bode well for the project.

While we have no price-target, we expect key catalysts to re-rate the share price include further drill results; exploration target; defining a maiden JORC Resource; feasability studies; financing; and development.

READ NOW: Piedmont builds scale at the world’s best-located lithium project ]]>
Mon, 02 Oct 2017 11:18:00 +1100 http://www.proactiveinvestors.com.au/companies/news/184878/piedmont-lithium-rated-a-speculative-buy-from-sydney-broker-184878.html
<![CDATA[News - Piedmont builds scale at the world’s best-located lithium project ]]> http://www.proactiveinvestors.com.au/companies/news/184638/piedmont-builds-scale-at-the-worlds-best-located-lithium-project-184638.html Piedmont Lithium Ltd (ASX:PLL) is focused on the Piedmont lithium project, located in an infrastructure rich region of North Carolina, U.S.

Piedmont's land holdings are less than 25 kilometres from the only two large lithium processing facilities in the country - making it the world’s best-located lithium project.

The region was the world’s primary source for lithium from the 1950's to the 1980's, and hosts the country's only two historic spodumene mines.

Metallurgy is proven, and as an example, Sony commercialised the LI-ion battery using local ore.

Latest assays build scale

Assays from the first 26 holes of the Phase 2 drill program together with visual analysis of the remaining Phase 2 drilling has confirmed eight mineralised trends totalling circa four kilometres of strike length.

The mineralised trends consist of one or more spodumene bearing pegmatite dykes ranging up to 16 meters in drill thickness.

Highlights include:

- 21.3 metres of cumulative thickness of mineralisation across four pegmatites, with high grade zones of: 6.7 metres at 1.32% lithium, 4.5 metres at 1.24% lithium and 1.5 metres at 1.52% lithium; and

- 20.6 metres of cumulative thickness of mineralisation across three pegmatites, with high grade zones of 11.3 metres at 1.43% lithium and 2.8 metres at 1.35% lithium.

Keith Phillips, president and chief executive officer, commented: "These initial Phase 2 results are highly encouraging.

"We continue to be surprised by the sheer extent of the mineralisation and are excited to begin testing the deposit at depth.

"The project is clearly larger than we had first envisioned and it is important that we do the work to properly evaluate the scale of the resource.

"Our Phase 1 drill program identified four potential corridors of mineralisation and our Phase 2 program has in fact defined abundant high-grade mineralisation in each corridor.

"We look forward to releasing the remaining results of our Phase 2 drilling campaign over the coming weeks."

Following the positive results, Piedmont has decided to extend Phase 2 drilling by an additional 3,000 metres.

Key upcoming catalysts

Piedmont have already established relationships with the leading technical and marketing consultants in the lithium sector.

The company now intends to accelerate feasibility studies with regards to metallurgical, mine development and off-take plans.

- Exploration target in December 2017; and
- Maiden resource in early-2018.

]]>
Wed, 27 Sep 2017 13:34:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184638/piedmont-builds-scale-at-the-worlds-best-located-lithium-project-184638.html
<![CDATA[News - Piedmont Lithium has assays pending, located near two lithium processing facilities ]]> http://www.proactiveinvestors.com.au/companies/news/183956/piedmont-lithium-has-assays-pending-located-near-two-lithium-processing-facilities-183956.html Piedmont Lithium Ltd (ASX:PLL) continues to advance its company strategy of consolidating land holdings in an infrastructure rich region of North Carolina, U.S.

Piedmont has increased its land position to 715 acres, as it maintains a position as a new first-mover within the historic tin-spodumene belt.

The importance of the location is that it has a potential pathway to market.

Piedmont's land holdings are less than 25 kilometres from the only two large lithium processing facilities in the U.S.

The region was the world’s primary source for lithium from the 1950's to the 1980's, and hosts the country's only two historic spodumene mines.

Metallurgy is proven, and as an example, Sony commercialised the LI-ion battery using local ore.

The project can also source low-cost power and skilled local labor with no need to transport workers or house them in a camp.

There are also nearby industrial consumers for by-products, and supporting the economics there are no state mining royalties.

Consolidation of land holdings

Piedmont is working towards consolidating the region between the newly optioned and historical landholdings.

All additional landholdings show prospective sources of additional pegmatites similar to what is found within the remainder of the project.

Keith D. Phillips, president and chief executive officer, commented:

"These latest agreements increase our land holdings in the prolific Carolina Tin-Spodumene Belt by over 26%, and we are in conversations with many other landowners to further consolidate our position in the region.

"These strategic land acquisitions are all on-trend and enable us to grow mineral resources over time, ultimately leading to greater throughput and a longer mine life."

Assays pending

Exploration news flow will increase in the near-term, as the Phase 2 drilling campaign is nearing completion.

Assays will then follow in coming weeks.

Piedmont will then conduct soil sampling on the newly optioned landholdings to identify drilling targets.

]]>
Thu, 14 Sep 2017 15:12:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183956/piedmont-lithium-has-assays-pending-located-near-two-lithium-processing-facilities-183956.html