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Piedmont Lithium Ltd.
Summary
| Project: | Piedmont | |
|---|---|---|
| Deposit: | Piedmont | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 8/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-8-2018: Piedmont Lithium Ltd. announces an Exploration/Drilling Update report for its Piedmont deposit at the Piedmont project. Drilling results incl. 8.23m @ 1.91% Li2O from 68.30m. Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advi | |
| Resources: | (Resource, I+I): 16.19Mt @ 1.12% Li2O for 182Kt Li2O contained | |
| CP/QP: | [Overall Report]: Lamont Leatherman (Internal) | |
| ABSTRACT: | Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that the Company has now received all assays results from the Phase 3 drilling campaign on its Core property in the Carolina Tin-Spodumene Belt (“TSB”) in North Carolina, United States. The final 15 holes reported in this release will complete the Phase 3 campaign, totalling 124 holes and 21,360 meters, on our Core property. The 15 holes reported were not used in the maiden Mineral Resource estimate of 16.2 Mt at 1.12% Li2O (refer ASX announced dated June 14, 2018). The majority of the 15 holes occur outside of the resource boundary and confirm upside potential for our Project. Assay results from the initial drilling on the Sunnyside and Central properties are pending and results are expected to be announced in the month of September. Keith D. Phillips, President and Chief Executive Officer, said, “These results demonstrate the potential to expand the resource on our Core property, and we are optimistic that the Sunnyside and Central properties hold significant potential as well. Our Scoping Study demonstrated the strong economics of a 13-year project based on our current resource, and we believe future drilling may extend the project life and enhance the project economics as well as the strategic value of this unique American resource. | |
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