Piedmont Increases Lithium Resources By 40%
Piedmont Lithium Limited (Nasdaq:PLL; ASX:PLL) has announced an updated Global Mineral Resource estimate for its Piedmont Lithium Project in North Carolina. The total resource is now 39.2 Mt at 1.09% Li2O, with 55% of this classified as Indicated. This includes updated estimates from Core and Central properties, along with an initial estimate from the Huffstetler property. The increased resource positions Piedmont as a significant lithium supplier in the U.S., aligning with rising investments in electrification and clean energy.
- Total Mineral Resource increased to 39.2 Mt at 1.09% Li2O, positioning it as one of the largest in North America.
- 55% of the resource is classified as Indicated, supporting project viability.
- Strategic location enhances prospects for lithium production amid increasing demand from the EV industry.
- None.
Piedmont Lithium Limited (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) is pleased to announce an updated Global Mineral Resource estimate (“MRE”) (Table 1) for the Company’s flagship Piedmont Lithium Project in North Carolina, USA which includes updated Mineral Resource estimates from the Core and Central properties and an initial Mineral Resource estimate from the Huffstetler property (Table 2). The total MRE for the project is 39.2 Mt at
Table 1: Piedmont Lithium Global Mineral Resources Estimate (MRE) |
||||
Resource Category |
Tonnes
|
Grade
|
Li2O
|
LCE
|
Indicated |
21.6 |
1.12 |
241,000 |
597,000 |
Inferred |
17.6 |
1.03 |
181,000 |
449,000 |
Total |
39.2 |
1.09 |
422,000 |
1,046,000 |
Keith D. Phillips, President and Chief Executive Officer, commented: “Increasing the scale of our North Carolina mineral resource to 39.2 Mt at
To view the complete ASX Release, click here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210408005119/en/
FAQ
What is the updated Mineral Resource estimate for Piedmont Lithium Limited (PLL)?
How much of the Mineral Resource is classified as Indicated for PLL?
When will Piedmont Lithium release its updated Scoping Study?