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Piedmont Lithium Ltd

Piedmont Lithium has new substantial shareholder in The Bank of New York Mellon Corporation

Last month, the company boosted the overall resources at its Piedmont Lithium Project in the US to 19 million tonnes at 1.15% lithium oxide.

ASX boards
Updated scoping study scheduled for delivery in July 2019

Piedmont Lithium Ltd (ASX:PLL) (NASDAQ:PLL) has a new substantial shareholder in The Bank of New York Mellon Corporation (BNYMC) with a 6.38% stake.

BNYMC attained this status on May 6, 2019 and holds about 42.76 million securities in the emerging lithium company.

READ: Piedmont Lithium’s initial Central estimate lifts project resources to 19 million tonnes

Last month, Piedmont delivered an initial resource from the Central property which has boosted the overall resources at the Piedmont Lithium Project in the US to 19 million tonnes at 1.15% lithium oxide.

The initial Central resource is 2.8 million tonnes at 1.34% lithium oxide with more than 50% of this sitting in the indicated resource category.

This estimate is based on just 18 diamond core holes for 2,840 metres with the deposit remaining open in all directions.

Quick facts: Piedmont Lithium Ltd

Price: $0.13

Market: ASX
Market Cap: $83.35 m
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on 30/5/19

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