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Piedmont Lithium Ltd.
Summary
| Project: | Piedmont | |
|---|---|---|
| Deposit: | Piedmont | |
| Location: | United States | |
| Commodities: | Lithium-Silica-Feldspar-Mica | |
| Date: | 9/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-9-2018: Piedmont Lithium Ltd. announces a Resource Estimation report for its Piedmont deposit at the Piedmont project. Mineral resource estimate for by-products at Piedmont project. Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announ | |
| Resources: | (Resource, I+I): 16.19Mt @ 30.1% Quartz, 43.9% Feldspar, 4.5% Mica | |
| CP/QP: | [Resources]: Leon McGarry (CSA Global Pty Ltd.) | |
| ABSTRACT: | Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce Mineral Resource estimates for by-product quartz, feldspar and mica mineral products from the spodumene bearing pegmatite on its Core Property. These Mineral Resource estimates are based on the same geologic model that resulted in a maiden Mineral Resource estimate for lithium of 16.2 Mt @ 1.12% Li2O which was previously announced on June 14, 2018. By-Product Mineral Resource estimates were based on normative mineralogy compositions for 2,289 samples in 231 drill holes previously analysed for lithium. The results are shown in Table 1. The Mineral Resource estimates have been prepared by independent consultants, CSA Global Pty Ltd (“CSA Global”) and are reported in accordance with the JORC Code (2012 Edition The industrial minerals represented by Piedmont’s by-product Mineral Resource Estimates are fundamental inputs for regional industries that Piedmont can economically service given its location in the heart of the Mid-Atlantic industrial corridor. Piedmont is now updating the Scoping Study released on July 18, 2018 to reflect the production of by-product quartz, feldspar and mica, and expects to release this update within the coming days. Keith D. Phillips, President and Chief Executive Officer, said, “Having confirmed a flow sheet to recover by-product quartz, feldspar and mica, we have now demonstrated a large-scale resource for each. We look forward to releasing an amended Scoping Study in the next several weeks and expect the update to further highlight the important advantages of our unique location.” Quartz (also known as silica) is produced commercially from a wide variety of deposits, including pegmatite. Silica sand and quartz are economical sources of silica (SiO2) used in glass and ceramics manufacture. Key deleterious elements include iron (Fe) and titanium (Ti). Table 2 provides general market specifications for different quartz qualities and summary quartz quality from Piedmont’s previously announced bench-scale metallurgical testwork results. | |
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