Sign up Australia
Proactive Investors - Run By Investors For Investors

Piedmont Lithium receives more drill results, maiden resource on schedule

Notably, drilling is being completed under budget so additional metres have been added.
lithium symbol from periodic table
The maiden lithium resource expected in June will be incorporated into a scoping study

Piedmont Lithium Ltd (ASX:PLL) has received a further 41 holes from drilling at its 100% owned Piedmont Lithium Project in North Carolina, US.

As in previous assays, high-grade lithium mineralisation was encountered, with 40 of 41 holes showing high-grade mineralisation.

Highlights include 8.3 metres at 1.66% lithium oxide and 10.9 metres at 1.05% lithium oxide from the same hole.

READ: Piedmont Lithium has multiple share price drivers emerging as it works towards September scoping study

Piedmont remains on schedule to release a maiden JORC resource estimate by the end of the June quarter of 2018.

The company has completed 117 holes totaling 20,279 meters.

Notably, the original 20,000-metre program has been extended due to operational efficiencies resulting in the original program coming in under budget allowing for additional metres.

Piedmont’s president and CEO Keith Phillips said: “Phase III drilling has been very successful.

“Strong results have been generated and the team has accomplished the project on-time and under budget.

“We are on track to have a maiden Mineral Resource estimate in June and a scoping study shortly thereafter.”

Exploration drilling at Sunnyside to commence in June

A drill rig will be mobilized to the Sunnyside property within the next few weeks as soon as the required state permit is issued.

The initial Sunnyside drilling is expected to consist of 4 to 6 holes totaling 600 to 900 meters.

View full PLL profile View Profile

Piedmont Lithium Ltd Timeline

Related Articles

April 12 2018
The Silver Cloud project lies on one of the world's richest gold belts
August 10 2018
The company owns the only processing plant in the Karratha region and is exploring for gold, cobalt, copper and platinum.
March 27 2018
The company completed a $10 million capital raising earlier this year.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use