Piedmont Commences 25,000 Meter Drill Program Designed to Significantly Extend Project Life

Jan. 23, 2019 09:57AM PST

Piedmont Lithium is pleased to advise that following completion of its recent capital raising the company has initiated a 25,000-meter Phase 4 drill program at the Piedmont Lithium project.

Piedmont Lithium is pleased to advise that following completion of its recent capital raising the company has initiated a 25,000-meter Phase 4 drill program at the Piedmont Lithium project located within the world-class Carolina Tin-Spodumene Belt (“TSB”) which will aim to significantly expand on the 13-year project life reported in the Scoping Study released on September 13, 2018.

As quoted in the press release:

Keith D. Phillips, President and Chief Executive Office, said, “We are excited about the Phase 4 drill campaign and are confident that it will lead to a further enhancement of the 13-year mine life and US$888 million NPV reported in our updated Scoping Study in September 2018. Our prior work has shown the powerful economic advantages of our North Carolina location, and as we continue to build our land package and resource base, we will establish the Project as one of the world’s most significant and strategic hard-rock lithium properties.”

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