Piedmont Lithium Presents the September 2019 Quarterly Report
Piedmont Lithium Limited (ASX: PLL; NASDAQ: PLL) (Piedmont or Company) is pleased to present its September 2019 quarterly report.
- Piedmont Lithium Limited (ASX: PLL; NASDAQ: PLL) (Piedmont or Company) is pleased to present its September 2019 quarterly report.
- Completed PFS-level metallurgical test work demonstrating high quality spodumene concentrate product with a grade above 6.0% Li2O, iron oxide below 1.0%, and low impurities from representative samples using a combination of Dense Medium Separation (DMS) and flotation technology;
Continued the 25,000-meter Phase 4 drill program, where a total of 103 holes have been completed to date for a total of 17,187 meters;
Completed Mineral Resource estimates and bench-scale metallurgical testwork for by-product quartz, feldspar and mica as by-products of spodumene concentrate from the Project. - The Mineral Resource estimates were prepared by independent consultants, CSA Global Pty Ltd;
Continued numerous preliminary off-take, financing and strategic conversations, including companies from the lithium, mining, chemicals, battery, automotive and private equity sectors;
Completed an institutional placement of 145 million shares at A$0.145 per share to raise gross proceeds of A$21 million, led by cornerstone investor, Fidelity International (Fidelity) and the Companys largest shareholder, AustralianSuper. - Complete permitting to commence mining and processing operations at the Project;
Commence permitting for the chemical plant in Q4 2019;
Commence lithium hydroxide testwork in Q4 2019;
Complete pre-feasibility study (PFS) for the chemical plant in Q2 2020;
Continue offtake discussions for lithium hydroxide with participants in the global battery supply chain; and
Continue to evaluate strategic partnering options.