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- Piedmont Lithium (PLL) has updated the mineral resource estimate for the industrial minerals at its Piedmont Carolina Lithium Project in the US
- The mineral resource increased by 40 per cent for quartz, feldspar and mica to now include 11.5, 17.8, and 1.63 million tonnes respectively
- Piedmont is advancing discussions with potential customers and partners as there seems to be a growing demand for its industrial mineral products
- To assist with marketing these, the company has appointed former The Quartz Corp CEO John Walker as a strategic advisor
- Piedmont’s shares are up a slight 1.12 per cent to trade at 90.5 cents at 12:30 pm AEST.
Piedmont Lithium (PLL) has released an updated mineral resource for the Piedmont Carolina Lithium Project in North Carolina, US.
Mineral resource estimates increased by 40 per cent for quartz, feldspar and mica which now include 11.5 million tonnes, 17.8 million tonnes and 1.63 million tonnes respectively.
The estimate is based on the recently announced lithium resource of 39.2 million tonnes at 1.09 per cent lithium dioxide for PLL’s lithium project.
The Piedmont Carolina Lithium Project lies within the renowned Carolina Tin Spodumene Belt. This project is being leveraged to develop a world-class lithium business to help the world transition to a cleaner energy economy and net zero carbon emissions.
“Piedmont continues to find increased value in our industrial mineral products quartz, feldspar and mica,” President and CEO Keith D. Phillips said.
The company has noticed a greater potential demand for its industrial mineral products than previously thought.
Due to this, Piedmont is undertaking discussions with prospective regional customers and partners in the solar glass, engineered quartz, ceramic tile and other industrial minerals markets.
To help with marketing its products, Piedmont has welcomed John Walker as a strategic advisor to the company.
Mr Walker has extensive experience in the quartz and feldspar markets which he gained from being CEO of The Quartz Corp for eight years and working for industrial minerals company, Imerys, for more than 20 years.
The company plans to utilise Mr Walker’s knowledge to develop a ‘robust’ business model to market its materials.
“Placing more of our valuable resources into the market creates circular economy opportunities through waste reduction while providing substantial credits towards our cost of lithium hydroxide production,” Mr Phillips said.
Piedmont will soon commence technical studies which will feature its industrial mineral products to demonstrate the environmental and economic benefits.
Company shares were up a slight 1.12 per cent to trade at 90.5 cents at 12:30 pm AEST.
