Piedmont Lithium is pleased to advise that the company has increased its exploration land position to 1,383 acres.
Piedmont Lithium is pleased to advise that the company has increased its exploration land position to 1,383 acres. The land acquisitions include properties within the Carolina Tin Spodumene Belt (122 acres), and preferred locations for our concentrator and mine infrastructure (49 acres).
As quoted in the press release:
Keith D. Phillips, president and CEO, said: “We continue to pursue our strategy of adding to our dominant land position in the Carolina Tin-Spodumene Belt. We have found high-grade mineralization in over 90 percent of the holes we’ve drilled on the TSB, and our expectation is that the larger our land position the larger our ultimate resource and mine life will be. We are particularly excited to add 18 percent to the size of our Core property and are hopeful that we will be able to expand our mineral resource and mine life proportionately. Notably, these land additions – like the vast majority of our existing properties – are controlled via lease/option or deferred purchase contracts to minimize the use of cash on a pre-development basis.”