Additional near-Surface High Grade Drill Results from Piedmont’s Core Property
NEW YORK--(BUSINESS WIRE)--May 28, 2019--
Piedmont Lithium Limited ( “Piedmont” or “Company” ) is pleased to announce Phase 4 drill results for 41 drill holes (refer to Appendix 1) completed on the Piedmont Lithium Project ( “Project” ) located within the world-class Carolina Tin-Spodumene Belt ( “TSB” ) in North Carolina, USA. The results are from Exploration Target areas and new properties within the Project’s Core property ( “Core” ) (Figure 1). Significant mineralization was encountered in 40 of the 41 holes reported.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190528005841/en/
Property Location Map (Graphic: Business Wire)
Phase 4 drilling continues to expand the extent and continuity of the pegmatite system on Core, thus giving confidence in a significant Mineral Resource estimate update in June. In 2018, the Company announced a Mineral Resource estimate at Core of 16.2Mt @ 1.12% Li 2 O which supported a 13-year project life as reported in the Company’s Scoping Study announced in September 2018. In April 2019 the Company announced an increased Mineral Resource estimate of 19.0Mt @ 1.15% Li 2 O inclusive of a Mineral Resource estimate at the Company’s Central property.
Keith D. Phillips, President and Chief Executive Officer, commented: “ We are very pleased with these interim results from Phase 4 drilling, which continue to highlight high-grade mineralization near-surface.The shallow nature of the ore body, combined with pure spodumene mineralogy, local by-product markets and exceptional infrastructure, are important factors which should position the Piedmont Lithium Project in the first quartile of the cost curve. We look forward to reporting a significant increase to our property-wide resource in June, and to reflecting that enlarged resource in an updated scoping study in July. ”
View source version on businesswire.com:https://www.businesswire.com/news/home/20190528005841/en/
CONTACT: For further information, contact:
Keith D. Phillips
President & CEO
T: +1 973 809 0505
E:firstname.lastname@example.orgAnastasios (Taso) Arima
T: +1 347 899 1522
KEYWORD: AUSTRALIA UNITED KINGDOM UNITED STATES EUROPE NORTH AMERICA AUSTRALIA/OCEANIA NEW YORK IRELAND
INDUSTRY KEYWORD: ENERGY OTHER ENERGY NATURAL RESOURCES OTHER NATURAL RESOURCES AUTOMOTIVE OTHER AUTOMOTIVE
SOURCE: Piedmont Lithium Limited
Copyright Business Wire 2019.
PUB: 05/28/2019 07:47 PM/DISC: 05/28/2019 07:47 PM