News and Announcements
Piedmont Lithium Limited (ASX: PLL) Quarterly Report
- Published August 08, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Piedmont Lithium Limited (ASX: PLL) has produced positive results during the June quarter.
- The company conducted a Scoping Study for the integrated lithium hydroxide chemical plant located in North Carolina, USA. The study demonstrated compelling economics.
- The company will now move to complete a Pre-Feasibility Study (PFS) and expand their position in the Carolina Tin-Spodumene Belt (TSB).
Piedmont Lithium Limited (ASX: PLL) has announced their June quarter results for the Piedmont Lithium Project in the TSB, North Carolina, USA. The company conducted a Scoping Study for the project which provided compelling economic results due to the low capital, low operating costs and low corporate income tax. The study determined the viability of an open pit mine, spodumene concentrator and lithium hydroxide plate. The project is set to produce 22,700 tonnes of lithium hydroxide per year. The plant will be supported by an open pit mine and concentrator that will produce 170,000 tonnes per year of 6% Li2O low-iron spodumene concentrate.
The company completed a 20,000m drilling program at the Project with results confirming high-grade mineralisation. The company acquired a site in Kings Mountains, North Caroline which is propped to be the future lithium chemical plant. Following this success of this quarter, the company will move towards conducting a Pre-Feasibility Study (PFS) in early 2019. The company has commenced By-product Study to enhance the economics of the project and has planned additional drilling to extend the life of the mine potentially.
About Piedmont Lithium Limited (ASX: PLL)
Piedmont Lithium is developing a world-class integrated lithium project in North Carolina USA, where most of the world’s lithium was produced from the 1950s to the 1980s. The North Carolina location provides dramatic infrastructure and cost advantages as well as a unique non-China supply for the global lithium market. Piedmont (ASX: PLL) is Chaired by Ian Middlemas of Apollo Group in Perth, and presenting at the conference will be New York-based CEO, Keith Phillips.
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