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Piedmont Lithium positions itself as key player in US lithium supply chain

Last updated: 12:27 19 Mar 2024 AEDT, First published: 14:50 26 Sep 2023 AEST

Snapshot

  • Piedmont Lithium welcomes more broad high-grade lithium intersections from Ewoyaa JV
  • From developer to lithium producer: Piedmont Lithium CEO shares exciting milestone
Piedmont Lithium Ltd

About the company

Piedmont Lithium Inc (ASX:PLL) is developing a world-class integrated lithium business in the United States.

The company's location is in the renowned Carolina Tin Spodumene Belt of North Carolina, and recently exercised an option to acquire an interest in the Ewoyaa Lithium Project in Ghana, which boasts an active mining lease and a large mineral resource.

Piedmont has the potential to be one of the world’s lowest cost producers of lithium hydroxide.

How it is doing

19 Mar 2024

Final assay results from last year’s drilling at the Ewoyaa Lithium Project, a joint venture between Piedmont Lithium (ASX:PLL, OTC:PLLTL) Ltd and Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11), have delivered impressive broad and high-grade intersections. 

The JV is advancing the project — a significant lithium spodumene pegmatite discovery in Ghana — through to production to become the country’s first lithium-producing mine.

These assay results are from 2,514 metres of extensional resource reverse circulation (RC) drilling completed at the new Dog-Leg target on the northern tip of the Ewoyaa main deposit, and represent the final results from the total 25,898 metres of drilling undertaken in 2023.

Results from the Dog-Leg target include multiple high-grade and broad extensional drill intersections such as 69 metres at 1.25% lithium oxide from 45 metres, outside of the Ewoyaa Lithium Project’s resource of 35.3 million tonnes at 1.25% lithium oxide.

19 Mar 2024

Piedmont Lithium (ASX:PLL, OTC:PLLTL) Inc has tapped aerospace, energy and metals industries specialist and manufacturing expert Dawne Hickton to its board of directors, effective March 14, 2024.

She brings decades of corporate experience leading global manufacturing supply chain companies across a range of industries.

22 Feb 2024

Piedmont Lithium (ASX:PLL, OTC:PLLTL) Inc has boosted its balance sheet on selling its remaining shares in lithium producer Sayona Mining for gross proceeds of approximately A$59.9 million (US$39.4 million).

The share sale has no impact on the company’s joint venture or offtake agreement with Sayona Quebec which holds the North American Lithium operation in Quebec.

What management says

10 Aug 2023

 

Piedmont Lithium (ASX:PLL, NASDAQ:PLL, XETRA:) president and CEO Keith Phillips, President and CEO of joined Proactive's Stephen Gunnion to discuss the company's transition from a developer to a lithium producer after its North American Lithium (NAL) partner Sayona Mining Ltd made history with their first commercial shipment of 20,500 metric tonnes of spodumene concentrate produced by NAL in Quebec.

Phillips detailed the revenue generation strategy, indicating that the company will have shipments through two primary streams: a joint venture and direct sales to customers. The joint venture will facilitate cash flow into the business, reducing the need for external funding, while direct sales will contribute to Piedmont Lithium's revenue and profitability.

Atlantic Lithium presents at the Proactive One2One Investor Forum - November 23

Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) Executive Chairman, Neil Herbert, presented at the Proactive One2One Investor Forum, detailing the company's advancements in its Ghana-based lithium project, Ewoyaa. Herbert announced the receipt of a mining license in late October,...

on 5/12/23