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Piedmont Lithium has assays pending, located near two lithium processing facilities

Piedmont is set to increase news from as drilling assays are pending.
Piedmont Lithium has assays pending, located near two lithium processing facilities
Piedmont plans a full North American share listing in early 2018

Piedmont Lithium Ltd (ASX:PLL) continues to advance its company strategy of consolidating land holdings in an infrastructure rich region of North Carolina, U.S.

Piedmont has increased its land position to 715 acres, as it maintains a position as a new first-mover within the historic tin-spodumene belt.

The importance of the location is that it has a potential pathway to market.

Piedmont's land holdings are less than 25 kilometres from the only two large lithium processing facilities in the U.S.

The region was the world’s primary source for lithium from the 1950's to the 1980's, and hosts the country's only two historic spodumene mines.

Metallurgy is proven, and as an example, Sony commercialised the LI-ion battery using local ore.

The project can also source low-cost power and skilled local labor with no need to transport workers or house them in a camp.

There are also nearby industrial consumers for by-products, and supporting the economics there are no state mining royalties.

Consolidation of land holdings

Piedmont is working towards consolidating the region between the newly optioned and historical landholdings.

All additional landholdings show prospective sources of additional pegmatites similar to what is found within the remainder of the project.

Keith D. Phillips, president and chief executive officer, commented:

"These latest agreements increase our land holdings in the prolific Carolina Tin-Spodumene Belt by over 26%, and we are in conversations with many other landowners to further consolidate our position in the region.

"These strategic land acquisitions are all on-trend and enable us to grow mineral resources over time, ultimately leading to greater throughput and a longer mine life."

Assays pending

Exploration news flow will increase in the near-term, as the Phase 2 drilling campaign is nearing completion.

Assays will then follow in coming weeks.

Piedmont will then conduct soil sampling on the newly optioned landholdings to identify drilling targets.

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Piedmont Lithium Ltd Timeline

Newswire
November 03 2017

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