Piedmont Lithium hits further high-grade lithium at Piedmont project in USA
Piedmont Lithium Ltd (ASX:PLL) has hit further near-surface high-grade lithium in phase IV drilling at its Piedmont Lithium Project in North Carolina, USA.
The results are from the exploration target areas and new properties within the project's Core Property.
Drilling continues to expand the extent and continuity of the pegmatite system at Core, giving the company confidence in a significant mineral resource estimate update next month.
Substantial mineralisation has been received from 41 additional drill holes with best results:
- 17 metres at 1.60% lithium oxide from 75 metres and 6.6 metres at 1.44% lithium oxide from 64 metres; and
- 14.9 metres at 1.76% lithium oxide from 27 metres and 4.3 metres at 0.95% lithium oxide from 52 metres.
Piedmont president and chief executive officer Keith D Phillips said: "We are very pleased with these interim results from phase IV drilling which continue to highlight high-grade mineralisation 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."
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