THE DRILL SERGEANT: Piedmont Lithium (ASX: PLL) announced an initial Mineral Resource estimate for the company’s Central property in North Carolina, in the United States.
Piedmont Lithium declared the estimate at 2.8 million tonnes at 1.34 per cent lithium oxide (Li2O) claiming approximately 50 per cent – around 1.41 million tonnes – of the Mineral Resource being classified in the Indicated Resource category.
The company said the Central Mineral Resource estimate (MRE) was based on 18 diamond core holes and the deposit remains open in all directions.
Piedmont Lithium declared its project-wide Mineral Resources now total 19 million tonnes at 1.15 per cent Li2O.
“We are very pleased with the initial high-grade Mineral Resource Estimate at Central,” Piedmont Lithium president and CEO Keith D. Phillips said in the company’s announcement to the Australian Securities Exchange.
“This is a property with great potential and the MRE is based on only 18 drill holes, 16 of which encountered thick, high-grade mineralisation.
“We hope to expand our land holdings in this area and ultimately drill out a substantially larger resource at Central.
“Phase 4 drilling continues with three rigs operating on the Core property and we expect a material resource upgrade in June.
“The Piedmont project is quickly becoming one of the largest hard-rock lithium projects in North America, while enjoying all the benefits of our unique North Carolina, USA location.”