Proactiveinvestors USA & Canada Piedmont Lithium Ltd https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Piedmont Lithium Ltd RSS feed en Mon, 22 Apr 2019 03:11:16 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Piedmont Lithium makes steady progress at lithium project in North Carolina ]]> https://www.proactiveinvestors.com/companies/news/218186/piedmont-lithium-makes-steady-progress-at-lithium-project-in-north-carolina-218186.html Piedmont Lithium Ltd (ASX:PLL) remains on schedule to update the resource and scoping study near mid-year for its Piedmont Lithium Project in North Carolina, US.

The company is expected to receive the required permits and regulatory approvals and complete a definitive feasibility study (DFS) by the end of 2019.

Piedmont president and chief executive officer Keith D. Phillips said: “We continue to make good progress in several areas critical to our strategy, and remain on-track to begin construction in early-2020, consistent with the schedule we established in late-2017.

“As the only conventional lithium project in the USA, we have attracted considerable strategic interest and have engaged in initial conversations with parties in the lithium, mining, chemicals, battery, automotive, and private equity sectors.

“We plan to appoint financial and legal advisors in the coming weeks to assist in the evaluation of strategic and financial plans as we approach a construction decision.”

READ: Piedmont Lithium becomes Carolina TSB’s biggest lithium landholder

Piedmont has recently increased its overall land position by 15% to 2,105 acres.

The company’s Core Property now comprises 1,004 acres, representing an 86% increase from the Core land position underlying the maiden resource estimate.

READ: Piedmont Lithium starts next phase of tests on lithium core from US project

Test work evaluating Dense Medium Separation (DMS) technology remains ongoing at SGS.

Preliminary DMS results indicate the potential to include DMS circuitry in the Piedmont concentrator’s design.

The results of DMS test work are expected in May 2019 and locked-cycle flotation tests will also be performed.

The results of the test work program will be used to update the process design from the scoping study and to design a pilot program for later in 2019.

Resource updates expected in 2019

Piedmont’s phase 4 drill campaign continues with three rigs actively drilling.

The company expects that phase 4 drilling will result in a maiden resource estimate for the Central Property in April 2019 and an update to the Core Property resource in June/July 2019.

Technical studies underway

Marshall Miller has started mine design, sitewide civil design, and waste rock stockpile planning for the project to support permit activities, scoping study update and future DFS.

These studies are expected to continue throughout 2019 with planned completion by the end of 2019.

Strategic discussions initiated

Piedmont has been engaged in numerous preliminary offtake, financing and strategic conversations over the past several months.

Interested parties are of a global nature, and include companies from the lithium, mining, chemicals, battery, automotive and private equity sectors.

Piedmont expects to appoint financial and legal advisors in the coming weeks to assist in the evaluation of strategic and financing option

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Tue, 09 Apr 2019 11:29:00 -0400 https://www.proactiveinvestors.com/companies/news/218186/piedmont-lithium-makes-steady-progress-at-lithium-project-in-north-carolina-218186.html
<![CDATA[News - Piedmont Lithium delivers best ever interceptions at namesake project on Carolina TSB ]]> https://www.proactiveinvestors.com/companies/news/216433/piedmont-lithium-delivers-best-ever-interceptions-at-namesake-project-on-carolina-tsb-216433.html Piedmont Lithium Ltd (ASX:PLL, FRA:PL4, FRA:PL4A, NASDAQ:PLL) has drilled up its best ever interceptions at its namesake Piedmont Lithium Project on the Carolina Tin-Spodumene Belt (TSB) in the US state of North Carolina.

The company’s outstanding grades from 4 Central property holes in newly-discovered pegmatites included 43.2 metres at 1.73% lithium oxide, the thickest high-grade interception reported to date for Piedmont project.

Other stand-outs at Central property were 14.1 metres grading 1.63% lithium and 28.1 metres grading 1.35% lithium, in two more holes.

DEEP DIVE: Piedmont Lithium drilling to upgrade resource and extend life for US lithium project

Nineteen exploration target holes at Piedmont project’s 868-acre Core property also delivered “strong results consistent with historical drilling.”

Three rigs are on-site at Core, undertaking phase IV drilling.

Fifty-seven holes have been drilled at Core, with assay results pending for a further 34 holes.

READ: Piedmont Lithium becomes Carolina TSB’s biggest lithium landholder

Piedmont is now the Carolina TSB’s biggest lithium landholder, holding 1,824 acres.

It is preparing a maiden mineral resource estimate for the Central property which it expects to publish by April 2019, in June quarter 2019.

An updated mineral resource is also expected next quarter for Core property, in June 2019.

The project’s existing mineral resource of 16.2 million tonnes grading 1.12% lithium is expected to be increased with both updates.

FLASHBACK: Piedmont Lithium updated study forecasts billion-dollar lithium operation

Piedmont President & CEO Keith D Phillips said today: “We are exceedingly happy with the early results from phase IV drilling.

“It is clear to us that the Core property will continue to grow in size, and the results from Central are potentially transformational for the project.

“With a maiden resource for Central now planned for next month and an updated resource at Core expected in by June, we believe Piedmont will soon be positioned as one of the largest hard-rock lithium projects in North America, while enjoying all the benefits of our unique North Carolina, USA location.”

READ: Piedmont Lithium completes $12.2 million placement with $400,000 directors’ component

A goal for Piedmont is to significantly expand the 13-year project life modelled in the company’s September 2018 scoping study for its namesake project.

The updated study modelled a larger lithium hydroxide operation valued at US$888 million ($1.25 billion) using an after-tax net present value (NPV8) calculated at an 8% discount.

Project payback was about 2 years, based on lithium hydroxide cash costs of US$3,960 a tonne, while the internal rate of return (IRR) was an after-tax 46% IRR.

Steady-state spodumene concentrate production was forecast at 170,000 tonnes a year grading 6% lithium for a steady-state 22,700 tonnes a year of lithium hydroxide over a 13-year project life.

Project life lithium hydroxide cash costs of US$3,960 a tonne were expected, making Piedmont an expected low-cost producer on a 2023 cost curve.

Battery-grade lithium hydroxide monohydrate grading at least 56.5% was 100,000-110,000 yuan (US$14,826-16,308) a tonne in late December 2018.

READ: Piedmont Lithium receives investment from multiple board members

Piedmont’s two-stage 22,700 tonnes a year lithium hydroxide operation was to have an initial 13-year mine life with first stage initial capex of US$109 million.

Stage two capex for the chemical plant was expected to be funded largely by internal cash flow.

After-tax free cash flow of about US$163 million was expected to be generated before completion of the plant.

An extra US$158 million of operating cash flow from concentrate and by-product sales before plant ramp-up.

Piedmont had $9.6 million cash on December 31, 2018 and expects about $4 million of cash outflows for March quarter 2019.

It has earmarked US$2.9 million for exploration and evaluation and hopes to later produce a feasibility study for the project.

 

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Wed, 13 Mar 2019 21:20:00 -0400 https://www.proactiveinvestors.com/companies/news/216433/piedmont-lithium-delivers-best-ever-interceptions-at-namesake-project-on-carolina-tsb-216433.html
<![CDATA[News - Piedmont Lithium starts next phase of tests on lithium core from US project ]]> https://www.proactiveinvestors.com/companies/news/215872/piedmont-lithium-starts-next-phase-of-tests-on-lithium-core-from-us-project-215872.html Piedmont Lithium Ltd (ASX:PLL) (NASDAQ:PLL) has started the next phase of metallurgical tests to evaluate dense medium separation (DMS), flowsheet optimisation and ore variability utilising ore from the company’s US lithium project.

This work is being carried out at SGS Canada’s facilities in Lakefield, Ontario, and is using composite and variability samples collected from drill cores.

These were produced during the company’s phase II and phase III drill campaigns at the Piedmont Lithium Project within the world-class Carolina Tin-Spodumene Belt in North Carolina.

READ: Piedmont Lithium becomes Carolina TSB’s biggest lithium landholder

President and CEO Keith D Phillips said, “We are pleased to be working with SGS Lakefield on the next phase of our metallurgical testing.

“SGS is a global leader with extensive experience in the field of spodumene concentrate test work.”

READ: Piedmont Lithium drilling to upgrade resource and extend life for US lithium project

The planned test work builds on the success of 2018 bench-scale test work which demonstrated spodumene concentrate grades of 6.0-6.5% lithium oxide with low iron content of 0.66-0.76% Fe2O3.

DMS technology to be evaluated

These tests will include evaluation of DMS technology’s potential to function as a pre-concentration step to production of high-quality spodumene concentrate.

Locked-cycle flotation tests will also be carried out on composite and variable samples to verify prior test work and estimate spodumene recoveries.

Spodumene concentrator planned

Results will be used to further optimise the process flow diagram during the next phases of technical study of the company’s planned spodumene concentrator.

They will also be used to design a pilot test work program planned for the second half of 2019. Piedmont is planning additional by-product testing in the second half of 2019.

Consultants appointed

The company has also appointed and renewed engineers and consultants to support it in areas of environmental study, permitting, metallurgy, mining engineering, exploration and land acquisition.

This comes as the company’s project team focuses on a construction decision by the end of 2019.

READ: Piedmont Lithium reveals results for 8 more holes at lithium project

Phillips added: “We are also pleased to announce the appointments of several additional consultants experienced in areas critical to our success.

“Our phase IV drill campaign is going very well, and we look forward to reflecting this in important engineering studies over the course of 2019.”

The appointments and renewals include Primero Group, Marshall Miller and Associates, HDR Engineering, CSA Global, Logan Drilling, SGS Canada, Deep Earth Logic, Ameriland and Pace Labs.

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Wed, 06 Mar 2019 14:00:00 -0500 https://www.proactiveinvestors.com/companies/news/215872/piedmont-lithium-starts-next-phase-of-tests-on-lithium-core-from-us-project-215872.html
<![CDATA[News - Piedmont Lithium drilling to upgrade resource and extend life for US lithium project ]]> https://www.proactiveinvestors.com/companies/news/214217/piedmont-lithium-drilling-to-upgrade-resource-and-extend-life-for-us-lithium-project-214217.html Piedmont Lithium Ltd (ASX:PLL) specialises in exploration and development on the world-class Carolina Tin-Spodumene Belt in the United States. It is run by Keith D Phillips, a 30-year mainstay on Wall Street who worked on more than US$100 billion of transactions and boasts experience leading mining investment teams at Merrill Lynch (NYSE:MER-K) and JPMorgan (NYSE:JPM) (LON:JESC) (NYSEARCA:AMJ) (LON:JII) on his CV.

What does Piedmont Lithium own?

The key asset is the wholly-owned Piedmont Lithium Project which lies in North Carolina on a lithium belt home to two historical lithium mines run from the 1950s to the 1990s.

This lithium exploration belt has easy access to power and infrastructure, including two processing plants opened during the region’s lithium heyday.

These plants continue to supply product to US customers and are just 20 kilometres from the Piedmont project.

The company, established three years ago by investment company Apollo Group, hopes to fast track development of the project and become a domestic supplier to local markets in a Tier 1 jurisdiction valuing energy security for battery metals.

Piedmont Lithium hopes to capitalise on an expected global shortfall of lithium as demand heats up and aims to progress plans to produce lithium hydroxide, which attracts higher prices.

The company updated a scoping study for its namesake project in September last year, increasing the value of the project by 14% to an after-tax US$888 million (A$1.25 billion) using a net present value (NPV8) calculated at an 8% discount.

The corresponding internal rate of return was an after-tax 46%, with lithium hydroxide cash costs of US$3,960 a tonne for a two-year payback.

Battery-grade lithium hydroxide monohydrate grading at least 56.5% was 100,000-110,000 yuan (US$14,826-16,308) a tonne in late December.

Piedmont Lithium’s scoping study came after a high-grade mineral resource was identified last June.

Resources factored into the study were 16.2 million tonnes at 1.12% lithium.

Steady-state spodumene concentrate production was forecast at 170,000 tonnes a year grading 6% lithium for a steady-state 22,700 tonnes a year of lithium hydroxide over a 13-year project life.

Piedmont Lithium has restarted drilling the project, undertaking a 25,000-metre phase IV program aimed at incxreasing resource and expanding project life.

The company has been consolidating its landholdings at the project, increasing its ground by 15% in the December quarter to 1,383 acres.

Drill targets from the new properties are a part of the drilling program underway.

Piedmont Lithium raised $12.2 million (US$8.7 million) from a placement which had its last tranche, of $400,000, come in this month.

This placement will fund infill drilling to expand and upgrade its project resource base, permit applications, pilot-scale metallurgy, extra engineering studies and more land consolidation.

Piedmont Lithium plans to spend US$4 million in the March quarter, earmarking US$2.9 million for exploration and evaluation.

The company hopes to later produce a feasibility study for the project.

Inflection points

Upgrade to resource base to extend forecast mine life

Key regulatory approvals, including already-submitted permit applications

US Government decision-making on the importance of locally-sourced lithium for the nation’s national security

Metallurgical test work results and lithium concentrate qualities and consistencies

Feasibility study delivery schedules and funding

Access to infrastructure, including local plant capacity

President & CEO Keith D Phillips confident of the value of project

“We are very pleased with the results of the updated scoping study, which incorporates the substantial economic benefits of recovering and selling the by-products quartz, feldspar and mica that is inherent in our ore body,” Piedmont president & CEO Keith D Phillips said.

“The economic benefit of developing an integrated lithium chemical business in North Carolina, USA, is clear, driven by the exceptional infrastructure and human resource advantages of our location, as well as the competitive royalty and tax regime offered in the United States.”

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Thu, 07 Feb 2019 19:15:00 -0500 https://www.proactiveinvestors.com/companies/news/214217/piedmont-lithium-drilling-to-upgrade-resource-and-extend-life-for-us-lithium-project-214217.html
<![CDATA[News - Piedmont Lithium receives investment from multiple board members ]]> https://www.proactiveinvestors.com/companies/news/213850/piedmont-lithium-receives-investment-from-multiple-board-members-213850.html Piedmont Lithium Ltd (ASX:PLL) has had three of its board members increase their shareholding in the company.

Chairman Ian Middlemas, President and CEO Keith Phillips, and non-executive director Jeffrey Armstrong all purchased shares in the recent share placement that raised $12.2 million.

Middlemas purchased $210,000 worth of shares, and both Phillips and Armstrong purchased $82,500 each.

READ: Piedmont Lithium completes $12.2 million placement with $400,000 directors’ component

Proceeds from the $12.2 million will be used for exploration and infill drilling to expand and upgrade the resource base at the Piedmont Lithium Project in the US.

Funds will also be allocated to permit applications, pilot-scale metallurgy, additional engineering studies, and ongoing land consolidation.

Completing phase four drill program

Piedmont recently commenced a 25,000-metre phase four drill program at the Piedmont Lithium Project within the Carolina Tin-Spodumene Belt.

The aim of the program is to significantly expand on the 13-year project life reported in the scoping study released in mid-September 2018.

19,000 metres will be focused on the Core property and the remaining 6,000 metres will be focused on the Central and Sunnyside properties.

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Mon, 04 Feb 2019 11:44:00 -0500 https://www.proactiveinvestors.com/companies/news/213850/piedmont-lithium-receives-investment-from-multiple-board-members-213850.html
<![CDATA[News - Piedmont Lithium completes $12.2 million placement with $400,000 directors’ component ]]> https://www.proactiveinvestors.com/companies/news/213764/piedmont-lithium-completes-122-million-placement-with-400000-directors-component-213764.html Piedmont Lithium Ltd (ASX:PLL) (NASDAQ:PLL) has completed the second and final tranche of its $12.2 million placement with 3.4 million shares placed to company directors.

Shareholder approval for this component, which raised gross proceeds of $400,000, was granted at a general meeting on January 31, 2019.

READ: Piedmont Lithium completes first tranche of $12.2 million placement

The first tranche to institutional and sophisticated investors of 107.6 million shares for $11.8 million in proceeds was completed on December 13, 2018.

READ: Piedmont Lithium directors buy on-market to increase support for company

Proceeds will be used for exploration and infill drilling to expand and upgrade the resource base at the Piedmont Lithium Project in the world-class Carolina Tin-Spodumene Belt in the United States.

Funds will also be allocated to permit applications, pilot-scale metallurgy, additional engineering studies, and ongoing land consolidation.

READ: Piedmont Lithium commences 25,000-metre drill program to extend project life

The company has started a 25,000-metre phase four drill program at the project aiming to expand on the 13-year project life reported in the September 2018 scoping study.

There will be 19,000 metres focused on the Core property with the remaining 6,000 metres at the Central and Sunnyside properties.

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Fri, 01 Feb 2019 09:59:00 -0500 https://www.proactiveinvestors.com/companies/news/213764/piedmont-lithium-completes-122-million-placement-with-400000-directors-component-213764.html
<![CDATA[News - Piedmont Lithium commences 25,000-metre drill program to extend project life ]]> https://www.proactiveinvestors.com/companies/news/213110/piedmont-lithium-commences-25000-metre-drill-program-to-extend-project-life-213110.html Piedmont Lithium Ltd (ASX:PLL) has commenced a 25,000-metre phase four drill program at the Piedmont Lithium Project within the Carolina Tin-Spodumene Belt in the US.

The aim of the program is to significantly expand on the 13-year project life reported in the scoping study released in mid-September 2018.

19,000 metres will be focused on the Core property and the remaining 6,000 metres will be focused on the Central and Sunnyside properties.

READ: Piedmont Lithium submits key permit applications for US lithium project

Piedmont’s president and CEO Keith D. Phillips 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.”

The 110-hole, 19,000-meter Core property drill campaign is designed to increase the overall JORC resource estimate and to upgrade the resource from the Inferred to the Indicated category.

Significant portions of the Core program will focus on a previously reported Exploration Target of between 4.5 to 5.5 million tonnes grading between 1.10% and 1.20% lithium oxide.

One rig was mobilized to the Central Property in December and has to-date completed 8 holes totalling 1,204.8 meters with assays pending.

These holes were following up October 2018 results of 7.0 metres at 1.53% lithium and 34 metres at 1.04% lithium.

Additional earlier stage targets at Sunnyside, Central and other properties have been identified using recent soil sampling which will also feature in the 25,000-metre program.

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Wed, 23 Jan 2019 11:39:00 -0500 https://www.proactiveinvestors.com/companies/news/213110/piedmont-lithium-commences-25000-metre-drill-program-to-extend-project-life-213110.html
<![CDATA[News - Piedmont Lithium submits key permit applications for US lithium project ]]> https://www.proactiveinvestors.com/companies/news/212271/piedmont-lithium-submits-key-permit-applications-for-us-lithium-project-212271.html Piedmont Lithium Ltd (ASX:PLL) (NASDAQ:PLL) has submitted two key permit applications to US authorities for the Piedmont Lithium Project in the Carolina Tin Spodumene Belt in North Carolina, USA.

A Section 404 Standard Individual Permit application has been submitted to the US Army Corps of Engineers (USACE), the lead agency that will review the permit applications at the federal level.

An application for a Section 401 Individual Water Quality Certification has been concurrently submitted to the North Carolina Division of Water Resources (NCDWR).

READ: Piedmont Lithium expands land position by 15%, drilling being planned

These permits are typical requirements for the type of operation proposed by Piedmont Lithium.

Piedmont’s president and CEO Keith D Phillips said this was another step towards realising the company’s goal of producing battery-grade lithium hydroxide in North Carolina.

The applications were completed and submitted in accordance with the company’s estimated permitting timeline, allowing Piedmont to maintain its overall project development schedule.

READ: Piedmont Lithium completes first tranche of $12.2 million placement

HDR Engineering’s Charlotte Office acted as lead consultant in the preparation of both applications.

Phillips said: “An immense amount of preparatory work was completed by our team and our consulting advisors, and we look forward to a continued constructive engagement with the appropriate regulatory bodies.”

Piedmont expects to submit the remaining permit applications required to begin mining operations to various state and local agencies within the first half of this year.

READ: Piedmont Lithium directors buy on-market to increase support for company

The company holds a 100% interest in the Piedmont project within the world-class Carolina TSB and along trend to the Hallman Beam and Kings Mountain mines.

This region and these mines historically provided most of the western world’s lithium between the 1950s and the 1980s.

The TSB has been described as one of the largest lithium provinces in the world and is about 25 miles west of Charlotte, North Carolina.

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Thu, 10 Jan 2019 10:42:00 -0500 https://www.proactiveinvestors.com/companies/news/212271/piedmont-lithium-submits-key-permit-applications-for-us-lithium-project-212271.html
<![CDATA[News - Piedmont Lithium directors buy on-market to increase support for company ]]> https://www.proactiveinvestors.com/companies/news/212001/piedmont-lithium-directors-buy-on-market-to-increase-support-for-company-212001.html Piedmont Lithium Ltd (ASX:PLL) (NASDAQ:PLL) (FRA:PL4) (FRA:PL4A) directors have snapped up more than US$100,000 of American depository receipts (ADRs) in the company on the market.

Piedmont president and CEO Keith Phillips acquired 5,600 ADRs for US$33,880 on New Year’s Eve.

READ: Piedmont Lithium completes first tranche of $12.2 million placement

The former investment banking leader’s ADR purchase represents 560,000 ordinary shares in the company.

His buy-up takes his stake in the company to 600,000 ordinary shares and 8,100 ADRs, representing 810,000 ordinary shares and valued at $75,330 at the last-traded price of 9.3 cents.

Phillips also holds 24 million incentive options.

 

Chartered financial analyst and non-executive director Jorge Beristain bought 11,490 ADRs, representing 1.149 million ordinary shares, on December 31, 2018.

The on-market trading had a value of US$69,515.

The Wall Street professional of more than 20 years the retired now-former managing director and head of Deutsche Bank’s Americas Metals & Mining equity research outfit.

Beristain now holds 16,490 ADRs, or 1.649 million ordinary shares, which were worth $153,357 at the last traded price on the Australian Securities Exchange.

He also has 500,000 incentive options exercisable at 25 cents each by June 30, 2020, and another 500,000 incentive options exercisable at 35 cents each by December 31, 2020.

BIG PICTURE: Piedmont Lithium updated study forecasts billion dollar lithium operation

The company released an updated scoping study for its Piedmont Lithium Project on the Carolina Tin-Spodumene Belt in North Carolina, USA, in September 2018.

Piedmont’s updated study upgraded the after-tax net present value (NPV) for the proposed lithium hydroxide operation by 14% to US$888 million, which was valued at A$1.25 billion at the time.

Piedmont views the project as having “compelling projected economics due to attractive capital and operating costs, significant by-product credits, short transportation distances, minimal royalties and low corporate income taxes.”

READ: Piedmont Lithium expands land position by 15%, drilling being planned

Last month the company completed the first $11.8 million tranche of a placement to raise gross proceeds of $12.2 million to back its lithium project.

A second tranche of $400,000, to be raised from three directors — its CEO Phillips, non-executive chairman Ian Middlemas and Jeffrey Armstrong — will be presented to the company’s shareholders for approval at a general meeting in Perth on January 31, 2019.

Investors will also be asked to ratify past placements.

Piedmont Lithium’s January 31 general meeting in Perth will be held at BGC Centre, 28 The Esplanade, Perth from 2pm Western Standard Time (5pm market time).

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Sun, 06 Jan 2019 19:00:00 -0500 https://www.proactiveinvestors.com/companies/news/212001/piedmont-lithium-directors-buy-on-market-to-increase-support-for-company-212001.html
<![CDATA[News - Piedmont Lithium completes first tranche of $12.2 million placement ]]> https://www.proactiveinvestors.com/companies/news/211103/piedmont-lithium-completes-first-tranche-of-122-million-placement-211103.html Piedmont Lithium Ltd (ASX:PLL) (NASDAQ:PLL) has completed the first $11.8 million tranche of a placement to raise gross proceeds of $12.2 million.

The first tranche comprising 107.6 million shares to institutional and sophisticated investors has been completed today.

READ: Piedmont Lithium secures $12.2 million in placement

A second tranche comprising 3.4 million shares to company directors to raise gross proceeds of $400,000, will be issued subject to shareholder approval.

A notice of meeting will be sent to shareholders shortly.

Funding for infill drilling

Proceeds will be used for exploration and infill drilling aimed at expanding and upgrading the resource base at the Piedmont Lithium Project in the world-class Carolina Tin-Spodumene Belt (TSB) in the USA.

Funds will also assist in permit applications, pilot-scale metallurgy, additional engineering studies and ongoing land consolidation.

Nasdaq ticker change

Earlier this week Nasdaq approved a change of the ticker symbol for the company’s ADRs to PLL from PLLL.

This ticker will now be the same as that for the company’s ordinary shares trading on the ASX.

READ: Piedmont Lithium expands land position by 15%, drilling being planned

Piedmont recently increased its exploration land position by 184 acres to 1,383 acres at the Piedmont project in North Carolina.

These acquisitions include properties within the Carolina TSB (122 acres) and preferred locations for the company’s concentrator and mine infrastructure (49 acres).

the new acreage has significant potential to add to the current resource of 16.2 million tonnes grading 1.12% lithium oxide defined on the Core Property.

Recent drilling suggests mineralisation continues into the new acreage.

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Thu, 13 Dec 2018 13:24:00 -0500 https://www.proactiveinvestors.com/companies/news/211103/piedmont-lithium-completes-first-tranche-of-122-million-placement-211103.html
<![CDATA[Media files - Piedmont Lithium sells 111,000,000 shares at AU$0.11 to drive drilling program ]]> https://www.proactiveinvestors.com/companies/stocktube/11612/piedmont-lithium-sells-111000000-shares-at-au011-to-drive-drilling-program-11612.html Thu, 13 Dec 2018 11:32:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11612/piedmont-lithium-sells-111000000-shares-at-au011-to-drive-drilling-program-11612.html <![CDATA[News - Piedmont Lithium expands land position by 15%, drilling being planned ]]> https://www.proactiveinvestors.com/companies/news/210619/piedmont-lithium-expands-land-position-by-15-drilling-being-planned-210619.html Piedmont Lithium Ltd (ASX:PLL) has increased its exploration land position by 184 acres to 1,383 acres at its Piedmont Lithium Project in North Carolina.

The land acquisitions include properties within the Carolina Tin Spodumene Belt (122 acres) and preferred locations for our concentrator and mine infrastructure (49 acres).

Piedmont’s president and CEO Keith D. Phillips 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 mineralisation in over 90% 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% 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 minimise the use of cash on a pre-development basis.”

READ: Piedmont Lithium secures $12.2 million in placement

Notably, the new acreage has significant potential to add to the current resource of 16.2 million tonnes grading 1.12% lithium oxide defined on the Core Property.

Recent drilling suggests mineralisation continues into the contiguous new acreage.

Piedmont is planning additional drilling to:

• Upgrade portions of the Inferred resource to Indicated classification;
• Convert Exploration Target areas to Indicated where possible;
• Explore the newly acquired properties; and
• Follow-up drilling on the Central property.

Exploration will be funded by the recent placement that secured $12.2 million in funding.

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Thu, 06 Dec 2018 12:17:00 -0500 https://www.proactiveinvestors.com/companies/news/210619/piedmont-lithium-expands-land-position-by-15-drilling-being-planned-210619.html
<![CDATA[News - Piedmont Lithium secures $12.2 million in placement ]]> https://www.proactiveinvestors.com/companies/news/210344/piedmont-lithium-secures-122-million-in-placement-210344.html Piedmont Lithium Ltd (ASX:PLL) has secured commitments for $12.2 million as part of a share placement priced at 11 cents to institutional and sophisticated investors.

Funds will be used for exploration and infill drilling to expand and upgrade the resource base at the 100%-owned Piedmont Lithium Project in the world-class Carolina Tin-Spodumene Belt in the US.

It will also fund permit applications, pilot-scale metallurgy, additional engineering studies, and ongoing land consolidation.

READ: Piedmont Lithium reveals new high-grade lithium hits in North Carolina

Piedmont’s president and CEO Keith Phillips said: “We are pleased with the strong support received for the placement, which was oversubscribed and upsized from initial levels.

“It is gratifying to see some long-term supporters and my fellow directors participating based on their strong confidence in the quality of our project and the prospects for our company.

“We have an exciting year ahead and securing these funds will allow us to maintain our ambitious development timetable for what we believe to be the world’s most strategically located lithium project.”

Directors and management plan to participate in placement

Notably, officers and directors of Piedmont plan to participate in the placement by subscribing for a total of 3.4 million shares, subject to the necessary approvals.

This is a vote of confidence from directors and management as they further align themselves with shareholders.

READ: Piedmont Lithium brings on-board lithium industry veteran

Piedmont recently appointed Timothy McKenna as an advisor to assist with government and public relations in relation to the Piedmont Lithium Project.

McKenna has over 35 years’ experience in government and public relations roles including as vice president of Rockwood Holdings, Inc. in government and investor relations.

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Mon, 03 Dec 2018 11:06:00 -0500 https://www.proactiveinvestors.com/companies/news/210344/piedmont-lithium-secures-122-million-in-placement-210344.html
<![CDATA[Media files - Piedmont Lithium sets sights on building lithium plant in North Carolina ]]> https://www.proactiveinvestors.com/companies/stocktube/10139/piedmont-lithium-sets-sights-on-building-lithium-plant-in-north-carolina-10139.html Wed, 15 Aug 2018 11:40:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/10139/piedmont-lithium-sets-sights-on-building-lithium-plant-in-north-carolina-10139.html <![CDATA[News - Piedmont Lithium has assays pending, located near two lithium processing facilities ]]> https://www.proactiveinvestors.com/companies/news/183956/piedmont-lithium-has-assays-pending-located-near-two-lithium-processing-facilities-183956.html Piedmont Lithium Ltd (ASX:PLL) continues to advance its company strategy of consolidating land holdings in an infrastructure rich region of North Carolina, U.S.

Piedmont has increased its land position to 715 acres, as it maintains a position as a new first-mover within the historic tin-spodumene belt.

The importance of the location is that it has a potential pathway to market.

Piedmont's land holdings are less than 25 kilometres from the only two large lithium processing facilities in the U.S.

The region was the world’s primary source for lithium from the 1950's to the 1980's, and hosts the country's only two historic spodumene mines.

Metallurgy is proven, and as an example, Sony commercialised the LI-ion battery using local ore.

The project can also source low-cost power and skilled local labor with no need to transport workers or house them in a camp.

There are also nearby industrial consumers for by-products, and supporting the economics there are no state mining royalties.

Consolidation of land holdings

Piedmont is working towards consolidating the region between the newly optioned and historical landholdings.

All additional landholdings show prospective sources of additional pegmatites similar to what is found within the remainder of the project.

Keith D. Phillips, president and chief executive officer, commented:

"These latest agreements increase our land holdings in the prolific Carolina Tin-Spodumene Belt by over 26%, and we are in conversations with many other landowners to further consolidate our position in the region.

"These strategic land acquisitions are all on-trend and enable us to grow mineral resources over time, ultimately leading to greater throughput and a longer mine life."

Assays pending

Exploration news flow will increase in the near-term, as the Phase 2 drilling campaign is nearing completion.

Assays will then follow in coming weeks.

Piedmont will then conduct soil sampling on the newly optioned landholdings to identify drilling targets.

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Thu, 14 Sep 2017 15:12:00 -0400 https://www.proactiveinvestors.com/companies/news/183956/piedmont-lithium-has-assays-pending-located-near-two-lithium-processing-facilities-183956.html