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Project: | Piedmont | |
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Deposit: | Piedmont | |
Location: | United States | |
Commodities: | Lithium | |
Date: | 7/19/2018 | |
Report Code: | JORC | |
Report Type: | Scoping Study | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 19-7-2018: Piedmont Lithium Ltd. announces a Scoping Study report for its Piedmont deposit at the Piedmont project. Scoping Study results incl. post-tax NPV of US $777M (8%), IRR of 56%, 13yr LOM at the project . Piedmont Lithium Limited (“Piedmont” or “C | |
Resources: | (Resource, I+I): 16.19Mt @ 1.12% Li2O for 182Kt Li2O contained | |
CP/QP: | [Resources]: Leon McGarry (CSA Global Pty Ltd.) | |
ABSTRACT: | Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to report the results of the Company’s Scoping Study for its vertically-integrated Piedmont Lithium Project (“Project”) located within the Carolina Tin-Spodumene Belt in North Carolina, USA (“TSB”). The Project includes a lithium hydroxide chemical plant (“Chemical Plant”) supplied with spodumene concentrate from an open pit mine and concentrator (“Mine/Concentrator”). The Project has compelling projected economics due to low initial capital, early spodumene concentrate sales, attractive capital and operating costs, short transportation distances, minimal royalties and low corporate income taxes. The Project meets an important strategic need for domestic US lithium production and will confer substantial economic benefits on the local region. Piedmont is pleased to report the results of the Scoping Study for its vertically integrated lithium hydroxide chemical project located in the Carolina Tin-Spodumene Belt in North Carolina, USA. The Scoping Study includes a 22,700 tonne per year Chemical Plant supported by a Mine/Concentrator producing 170,000 tonnes per year of 6% Li2O low-iron spodumene concentrate. | |
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