Make Kitco Your Homepage

Piedmont Lithium expands drill program to 25,000 meters

Kitco News

Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!

(Kitco News) - North Carolina (NASDAQ:PLL) focused Piedmont Lithium is expanding its drill program by 25,000 meters with three new drill rigs added. The total drill count is five rigs. 

The drill will expand the mineral resource. Updates are expected in the first quarter of 2021. 

Infill drilling with target upgrading the company mineral resource from inferred to indicated and advance the definitive feasibility study. 

Piedmont plans a fully integrated spodumene-to-hydroxide business to convert spodumene to 22,700 tonnes per year of battery-grade lithium hydroxide in North America
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.