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Piedmont Lithium concludes phase III drilling, moving towards maiden lithium resource

Exploration drilling on the recently revealed Sunnyside property has commenced.
drill rig
Maiden resource expected in the coming weeks

Piedmont Lithium Ltd (ASX:PLL) has completed its phase III drilling program and has received assay results from another 26 holes from the Piedmont Lithium Project in North Carolina, US.

For the phase III program, Piedmont has completed 124 holes totalling 21,360 meters on the Core Property within the project.

READ: Piedmont Lithium has major shareholder AustralianSuper increase stake

Highlight assays from the recent batch of 26 results include:

• 5.2 metres at 1.30% lithium oxide and 7.5 metres at 1.37% lithium oxide;
• 8.4 metres at 1.47% lithium oxide and 5.2 metres at 1.53% lithium oxide; and
• 20.4 metres at 1.61% lithium oxide.

Fifteen remaining holes from the phase III campaign have assays pending.

READ: Piedmont Lithium receives more drill results, maiden resource on schedule

Piedmont is planning to release a maiden resource estimate on the Core Property in the coming weeks.

Operational efficiencies during the phase III drilling allowed Piedmont to exceed the planned meterage of 20,000 and will allow for initial drilling on the Sunnyside and Central properties.

The necessary state permits have been received and drilling is underway at the Sunnyside Property with one hole completed.

READ: Piedmont Lithium begins trading on the Nasdaq

Results of drilling in these exploratory areas will be released in the coming weeks.

Piedmont president and chief executive officer Keith D. Phillips said: “Drilling on the core property is now complete and we look forward to issuing our maiden mineral resource estimate in the near future, accompanied by a revised exploration target.

“Additionally, we are excited about the exploration drilling that has commenced at Sunnyside and hopeful that we will identify significant resource upside on that property.”

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