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Piedmont Lithium (ASX:PLL) has released its final results from its 2024 drilling at its North American lithium mine in Quebec, which has been focused on building on the existing mineral resource estimate and finding additional mineralisation.
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The mine is jointly owned by Piedmont – which has a 25% investment – and Sayona Mining (ASX:SYA) – which holds the other 75%.
The project is the largest producing spodumene mine in North America.
Data from drilling, which launched in February and concluded in December 2024, will be plugged into an updated MRE, looking to upgrade resource classification and increase overall resource tonnage.
President and CEO of Piedmont, Keith Phillips, said the drill results would set the company up well for its next stage of development.
“The positive drilling outcomes support our plans for a potential brownfield expansion at NAL, aiming to increase production capacity to meet the growing global demand for lithium with resources produced in North America,” Mr Phillips said.
Additionally, the drill results will also open the door to expanding production at NAL and support improved mine planning.
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“These developments reinforce our commitment to advancing NAL as a cornerstone asset in our portfolio and contribute to our vision of becoming a leading supplier of lithium products critical to the energy transition.”
Piedmont has been trading at 11 cents early on Thursday.
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