NASDAQ:PLL

 Piedmont Focused on Increased Sustainability With 40% Increase in Quartz, Feldspar, and Mica Mineral Resources

  • Mineral Resource estimates have increased by 40% for quartz (11.5Mt), feldspar (17.8Mt), and mica (1.6Mt)
  • Piedmont has added John Walker, former CEO of The Quartz Corp, as a strategic advisor to the Company
  • Market analysis indicates far greater potential demand for Piedmont industrial mineral products than prior Company estimates
  • The Company is advanced in discussions with prospective regional customers and strategic partners in the solar glass, engineered quartz, ceramic tile, and other industrial minerals markets
  • Expanded quartz, feldspar, and mica production will feature in the Company’s upcoming technical studies

Piedmont Lithium Limited (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) is to announce an updated Mineral Resource estimate for industrial mineral products quartz, feldspar, and mica. The estimate is based on the lithium Mineral Resource previously reported on April 8, 2021 (39.2Mt @ 1.09 Li2O%) for spodumene bearing pegmatites at the Company’s flagship Piedmont Carolina Lithium Project (“Project”) in North Carolina, USA.

Table 1: Mineral Resource Estimates for Industrial Minerals Piedmont Carolina Lithium Project

Category

Tonnes
(Mt)

Quartz

Feldspar

Mica

Grade
(%)

Tonnes
(Mt)

Grade
(%)

Tonnes
(Mt)

Grade
(%)

Tonnes
(Mt)

Indicated

21.6

29.4

6.34

45.0

9.69

4.2

0.90

Inferred

17.6

29.3

5.16

45.9

8.08

4.1

0.73

Total

39.2

29.4

11.50

45.4

17.77

4.2

1.63

To help advance the marketing of these mineral products, John Walker joined the Piedmont team last fall as a Strategic Consultant. John has extensive experience in the quartz and feldspar markets having worked with Imerys for more than twenty years and spending another eight years with The Quartz Corp as CEO. John has provided invaluable input on market dynamics, desired product quality and other customer criteria, allowing Piedmont to develop a robust business model for marketing these materials.

Keith D. Phillips, President and Chief Executive Officer, commented: “Piedmont continues to find increased value in our industrial mineral products quartz, feldspar, and mica. Our location in close proximity to potential customers helps advance our goal of becoming one of the world’s most sustainable lithium manufacturing businesses. Placing more of our valuable resources into the market creates circular economy opportunities through waste reduction while providing substantial credits towards our cost of lithium hydroxide production. Our upcoming technical studies are expected to demonstrate both the environmental and economic benefits that our team is creating through their ongoing efforts to make beneficial use of every part of our ore body.”

Click here to view the complete announcement.

Keith Phillips
President & CEO
T: +1 973 809 0505
E: kphillips@piedmontlithium.com

Brian Risinger
VP – Corporate Communications
T: +1 704 910 9688
E: brisinger@piedmontlithium.com

News Provided by Business Wire via QuoteMedia

The Conversation (0)
Rusty metal gate secured with a chain and padlock.

Lithium Prices Surge After CATL Halts Major Mine in China

Lithium prices and mining stocks around the world soared this week after Chinese battery giant Contemporary Amperex Technology (CATL) (SZSE:300750,HKEX:3750) suspended operations at one of the world’s largest lithium mines.

The halt at the Jianxiawo lepidolite mine in Jiangxi province’s Yichun city, a hub for China’s lithium production, came after the mine’s permit expired on August 9.

Keep reading...Show less
Wooden blocks spell "lithium" with mini figures mining and scaling.

New Study Highlights Western Australia's Lithium Leadership and Future Potential

Western Australia has a strong lithium history, and a recent study could help inform future exploration.

Put together by researchers from the Geological Survey of Western Australia (GSWA), Curtin University and the University of Western Australia, the report focuses on the formation of high-grade lithium deposits.

It states that Western Australia supplies around 35 percent of the world's lithium, with much of that coming from pegmatite, a coarse-grained rock commonly found in the state's Archean terrains.

Keep reading...Show less
Assorted battery tops in various sizes and colors, arranged closely together.

AI Uncovers Five Potential Lithium Alternatives for Next-generation Batteries

Generative artificial intelligence (AI) has helped a group of scientists identify five new materials that could power the next wave of batteries without relying on lithium.

The study, published on June 26 in Cell Reports Physical Science, focuses on materials that could enable multivalent-ion batteries — a technology long touted for its potential, but hindered by practical challenges.

Keep reading...Show less
Text saying "lithium" overlaid on stock chart with a globe in the background.

Top 9 Global Lithium Stocks of 2025

Lithium prices continued their downward trajectory in 2025's second quarter, with battery-grade lithium carbonate hitting a four year low of US$8,329 per metric ton in late June.

Lithium hydroxide followed suit as oversupply and bearish sentiment weighed on the market.

Despite strong electric vehicle (EV) demand, mine supply — driven largely by China, Australia, Argentina and emerging African producers — has outpaced consumption, with Fastmarkets forecasting a 260,000 metric ton surplus for 2025.

Keep reading...Show less
Blue battery with Australian flag design on a wooden surface.

5 Best-performing ASX Lithium Stocks of 2025

Global demand for lithium presents a significant opportunity for Australia.

Australia remains the world’s largest lithium miner, supplying nearly 30 percent of global production in 2024, though its dominance is waning as other lithium-producing countries like Zimbabwe, Argentina and Brazil scale up output.

This influx of supply has pushed lithium prices to multiyear lows, with battery-grade spodumene trading under US$800/tonne — pressuring even efficient Australian producers to trim output or delay projects.

Keep reading...Show less
Hand stacking wooden blocks with red upward arrows, symbolizing growth.

Albemarle Swings to Profit, Lowers Spending Amid Prolonged Lithium Slump

Albemarle (NYSE:ALB) is cutting costs and investment plans as it adjusts to lithium price weakness, even as demand from the electric vehicle (EV) and energy storage sectors holds up better than expected.

The major lithium miner reported a Q2 profit of US$22.9 million, a significant turnaround from the US$188.2 million loss it posted a year ago. While total revenue fell 7 percent to US$1.33 billion, the figure still came in ahead of Wall Street’s US$1.22 billion estimate, buoyed by cost management and stronger-than-expected results in its specialties division.

“Our job is just to keep working on the things that are in our control, because we don’t really have a clear line of sight to where pricing is going,” CFO Neal Sheorey told investors on Thursday (July 31).

Keep reading...Show less

Latest Press Releases

Related News

×