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Piedmont Lithium (ASX: $PLL) continues high-grade drill results at North American lithium

  • Author: Stock Piper

Piedmont Lithium's Latest Announcement


Piedmont Lithium (ASX: $PLL) has announced additional high-grade drill results at North American Lithium (NAL) in Quebec, indicating the potential for a significant upgrade to the mineral resource estimate. The 2023-2024 drill program has identified new high-grade lithium zones beyond the planned pit shell model, with intercepts at thicker and higher grades than previously encountered. NAL, jointly owned by Piedmont (25%) and Sayona Mining Limited (75%), is the largest lithium operation in North America and has been achieving quarterly record spodumene concentrate volumes since restarting production in March 2023. An additional 30,000 meters of exploration drilling at NAL is planned for 2024.

Executive Commentary on NAL Drill Results


The President and Chief Executive Officer of Piedmont Lithium, Keith Phillips, emphasized the significance of the latest drill results at North American Lithium. He highlighted the positive impact on the mineral resource estimate and the strategic importance of NAL as the only lithium mine in North America producing IRA-compliant spodumene concentrate. Phillips expressed optimism about the future update to the mineral resource estimate, both in terms of mineral resource quantity and classification.

Summary of Piedmont Lithium's Announcement


Piedmont Lithium's announcement highlights the continuation of high-grade drill results at North American Lithium, indicating the potential for a significant upgrade to the mineral resource estimate. The company plans to conduct an additional 30,000 meters of exploration drilling at NAL in 2024. NAL, jointly owned by Piedmont and Sayona Mining Limited, is the largest lithium operation in North America and has been achieving quarterly record spodumene concentrate volumes. The company's President and CEO, Keith Phillips, expressed confidence in the strategic importance of NAL and the positive impact of the latest drill results. The outlook suggests a promising future update to the mineral resource estimate, reflecting the company's ambitions and goals in the North American lithium market.

PIEDMONT LITHIUM INC.
PLL | ASX | Materials
0.1550.005(+3.33%)
At close 05/07 (AEDT)
Market cap
$290.6M
Volume
587,961
DY Yield
0
PE Ratio
0
52 Week Range
0.135 - 0.905
1YR Return
355.882%

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