Sign up Australia
Proactive Investors - Run By Investors For Investors

Piedmont Lithium reveals maiden lithium JORC resource

Drilling and test work programs are ongoing with more planned.
 Illustrative Timeline for Development of Piedmont Lithium Mine and Concentrator
The focus turns to the completion of the scoping study

Piedmont Lithium Ltd (ASX:PLL) has compiled a maiden resource of 16.19 million tonnes grading 1.12% lithium oxide for 182,000 tonnes at its Piedmont Lithium Project in the US.

The JORC resource estimate is based on 231 core holes and 52% of the resource is classified in the Indicated category.

Significantly, this is the first resource estimate completed in over 30 years in the historic Carolina Tin-Spodumene Belt.

The belt was the home to most of the world’s lithium production and processing from the 1950s until the 1980s.

READ: Piedmont Lithium has major shareholder AustralianSuper increase stake

Piedmont’s president and CEO Keith D. Phillips said: “This high-grade maiden resource has surpassed our initial exploration target and represents an important milestone for Piedmont.

“The resource will underpin the upcoming scoping study, which we believe will reflect the significant advantages associated with our unique location.”

Piedmont is now focused on the completion of the scoping study which is expected in the September quarter of 2018.

Benefits of the strategic North Carolina location

Phillips added: “There are many interesting lithium projects being advanced around the world, but Piedmont has the only project based in the industrial heartland of the United States and the cradle of lithium production, with all the economic and strategic benefits that derive from that position.

“With regional exploration progressing and constructive conversations ongoing with numerous local land owners, we are optimistic that this initial resource will be just the beginning, and that Piedmont is well-positioned to develop a world-class, low-cost integrated lithium business in the United States.”

Metallurgy update expected shortly

Piedmont has concluded bench scale flotation optimisation tests and heavy liquid separation tests in May 2018.

A process test work report update is expected within the next several weeks.

Pilot test work is expected to commence within June 2018 and an ore sorting test work program is scheduled to be undertaken in August 2018.

Battery-grade lithium test work also planned

Conversion test work to demonstrate Piedmont’s ability to convert spodumene concentrate to battery grade quality lithium hydroxide monohydrate and lithium carbonate is planned.

This will occur upon conclusion of the pilot concentration test work program in the upcoming December half.

The company expects to select its conversion test work partner within June 2018.

READ: Piedmont Lithium sampling returns high-grade lithium at new property in Carolina Tin Spodumene Belt

Drilling is underway on the Sunnyside property with initial results expected in the coming weeks.

Drilling is expected to then follow on Piedmont’s Central property.

Further drilling programs will be developed over the next year which are expected to target the highest priority areas within the project.

View full PLL profile View Profile

Piedmont Lithium Ltd Timeline

Related Articles

project area
October 10 2018
The company has identified extensive copper-nickel-cobalt mineralisation at the Mt Venn Project outlined over several kilometres.
Graphite drill core samples at Caula Vanadium-Graphite Project
September 17 2018
One of the highest-grade graphite deposits in the world with grades up to 28% total graphitic carbon.

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