Piedmont Lithium has announced today a large increase in lithium resources at its central operation site in North Carolina. Piedmont reported a haul of 2.8 million tonnes of lithium oxide at a healthy grade average of 1.34 percent.
This was sourced over 18 drill holes spanning 2,840 meters. Piedmont Lithium CEO Keith Phillips says 16 of the 18 drill holes contained thick high-grade mineralization.
“The Piedmont project is quickly becoming one of the largest hard-rock lithium projects in North America while enjoying all the benefits of our unique North Carolina, USA location,” he said.
Phillips also expressed plans to expand land holdings in the area and to drill a larger income of resources.
Total project-wide resources now sit at 19 million tonnes of Lithium Oxide. Average quality grading is currently 1.15 per cent .
On-site drilling continues with three active rigs. Piedmont plans a further resource report in June this year, based on 70 active holes.
Please see the announcement attached
More From The Market Online
Newest ASX entrant, Tasmea Ltd, up 12.5% on maiden debut
Tasmea Limited is the latest company to list on the bourse down under, and just before…
- Jonathon Davidson
- 2 mins
- 29 April 2024 12:03 (AEST)
AML3D secures Australian defence government contract
AML3D signed a contract with the Australian Government Defence Science and Technology Group (DSTG) to supply…
- Fouad Haidar
- 2 mins
- 23 April 2024 12:01 (AEST)
Purifloh makes progress on destroying PFAS ‘forever chemicals’
PFAS substances are sometimes called "forever chemicals," for they don't break down naturally in the environment.…
- Jonathon Davidson
- 2 mins
- 23 April 2024 11:00 (AEST)
SRG Global secures $150m in new contracts across Australia
SRG Global (ASX:SRG) reaffirmed its strong presence in the Australian market by acquiring multiple contracts for…
- Fouad Haidar
- 1 min
- 18 April 2024 12:29 (AEST)