Piedmont Lithium strengthens team by appointing lithium industry veteran as sales & marketing VP
Devaney will join Piedmont on July 1, 2020, and will be based in the company’s Belmont, North Carolina headquarters.
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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Devaney will join Piedmont on July 1, 2020, and will be based in the company’s Belmont, North Carolina headquarters.
The updated spodumene concentrate and by-product results will be used to support the company’s study updates which will be announced later this month.
The chemical plant PFS is expected to provide refined estimates of the project’s capital and operating costs and reinforce the company’s position as a low-cost US-based producer of lithium hydroxide.
The company is progressing towards the definitive feasibility study for its Piedmont Lithium Project in the US.
The company is focused on lithium hydroxide test work, the chemical plant prefeasibility study and chemical plant permitting activities for its Piedmont Lithium project.
The company holds a 100% interest in the Piedmont Lihtium Project within the world-class Carolina Tin-Spodumene Belt in North Carolina, USA.
In 2019, Piedmont increased its resource from 16.2 million tonnes at 1.12% lithium oxide to 27.9 million tonnes at 1.11% lithium oxide and believes there is significant potential for further increases.
The company recently secured the Section 404 Permit under the Clean Water Act (CWA) for its Piedmont Lithium Project in North Carolina, US.
Piedmont plans to have its 100%-owned Piedmont Lithium Project in North Carolina shovel-ready by the end of 2020.
The Section 404 Permit was issued 11 months after application and within the company’s announced timetable.
Piedmont is well funded to accelerate the work required to commence construction of an integrated lithium hydroxide project in North Carolina, US.
Quartz, feldspar and mica represented a significant proportion of the revenue for the lithium mines which operated in North Carolina from the 1950s to the 1990s.
After positive feedback from potential customers, Piedmont is accelerating its project development.
The project has compelling economics due to attractive capital and operating costs, long mine life, substantial by-product credits, short transportation distances, minimal royalties and low corporate income taxes.
These valuable by-products can produce additional revenue from a future lithium mining operation at the Piedmont Project.
The test work adds confidence that the large-scale lithium resource is able to be processed to produce a saleable lithium concentrate.
The Piedmont Lithium Project will include a lithium hydroxide chemical plant supplied with spodumene concentrate from an open pit mine and concentrator.
Investors in the recent placement included heavyweights Fidelity and AustralianSuper.
Securing the funds will allow Piedmont to maintain its ambitious development timetable for what it believes to be the world’s most strategically located lithium project.
After a recent resource upgrade, the company’s Piedmont Lithium Project is on track to be North America’s largest.