Proactive Investors - Run By Investors For Investors

Piedmont Lithium receives investment from multiple board members

Three directors have invested $375,000 to increase their respective shareholdings.
board room table
A 25,000-metre resource expansion drill program is underway

Piedmont Lithium Ltd (ASX:PLL) has had three of its board members increase their shareholding in the company.

Chairman Ian Middlemas, President and CEO Keith Phillips, and non-executive director Jeffrey Armstrong all purchased shares in the recent share placement that raised $12.2 million.

Middlemas purchased $210,000 worth of shares, and both Phillips and Armstrong purchased $82,500 each.

READ: Piedmont Lithium completes $12.2 million placement with $400,000 directors’ component

Proceeds from the $12.2 million will be used for exploration and infill drilling to expand and upgrade the resource base at the Piedmont Lithium Project in the US.

Funds will also be allocated to permit applications, pilot-scale metallurgy, additional engineering studies, and ongoing land consolidation.

Completing phase four drill program

Piedmont recently commenced a 25,000-metre phase four drill program at the Piedmont Lithium Project within the Carolina Tin-Spodumene Belt.

The aim of the program is to significantly expand on the 13-year project life reported in the scoping study released in mid-September 2018.

19,000 metres will be focused on the Core property and the remaining 6,000 metres will be focused on the Central and Sunnyside properties.

View full PLL profile View Profile

Piedmont Lithium Ltd Timeline

Related Articles

Lead-silver
January 16 2019
The company has been granted a key approval by the State Government to build processing plant and tailings storage facilities.
The main access road to Hexagon and MinRes’ McIntosh Graphite Project in WA
January 31 2019
The MinRes JV partner expects a mineral resource update this quarter ahead of study work.
1541519935_Great-Bear-Resources---Dixie-project.jpg
November 07 2018
Great Bear has attracted the attention and the investment dollars of Rob McEwen

© Proactive Investors 2019

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