Piedmont Lithium sampling returns high-grade lithium at new property in Carolina Tin Spodumene Belt
The Sunnyside property is less than five miles from the company’s core Piedmont Lithium Project.
Company
ASX:PLL
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.
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The Sunnyside property is less than five miles from the company’s core Piedmont Lithium Project.
The company is developing its 100% owned Piedmont Lithium Project in North Carolina.
The company has acquired 630 acres in four separate transactions between September 2017 and March 2018.
An integrated scoping study should be released in the third quarter of 2018.
An estimated 13,000 metres of the 20,000-metre program has been completed.
The company currently trades in a Nasdaq over-the-counter market.
Phase III drilling is almost 50% complete with 6 drill rigs now on site.
The company continues to make significant progress on its 20,000-metre drilling campaign.
The acreage is within four miles of the company’s current Phase 3 drilling program.
The company is expected to complete the scoping study early in Q3 2018.
U.S. President Donald Trump signed off on the policy changes last month.
Foster maintains a speculative buy rating and sets a price target of $0.30.
U.S. investment firm initiates coverage with a buy recommendation.
Shares traded at $0.20 yesterday, up more than 200% year to date.
Assay results for the remaining 17 drill holes are expected by early December.
Piedmont shares are up 175% year to date, currently priced at $0.195.
The TSB has been described as one of the largest lithium provinces in the world.
Shares have more than tripled year to date, currently trading at $0.235.
Shares have tripled year to date, currently trading at $0.21.
Shares are up 175% year to date, currently trading at $0.195.