PERTH WA / November 15, 2017 / JMN Wire / Piedmont Lithium Limited (ASX: PLL) (“Piedmont” or “Company”) is pleased to advise that the Company has increased its lithium mineral rights by 188 acres through additional land option and acquisition agreements signed with local landowners in the Carolina Tin-Spodumene Belt (“TSB”) in North Carolina, United States.
The Piedmont Lithium Project (“Project”) now encompasses approximately 903 acres within the TSB, representing a 118% increase in the Company’s initial land holding as announced to the Australian Securities Exchange (“ASX”) on 27 September 2016. Piedmont’s strategy is to consolidate the region between the newly optioned and historical landholdings, with all additional landholdings highly prospective for spodumene bearing pegmatite.
Highlights
- Piedmont has further increased its land position at the Project by 26% to a total of 903 acres
- First mover land position within the historic Tin-Spodumene Belt in North Carolina, United States
- Final assay results from Phase 2 drilling campaign due in the coming weeks
Keith D. Phillips, President and Chief Executive Officer, commented;
“These strategic land acquisitions are on-trend and should enable us to grow mineral resources over time, ultimately leading to greater throughput and a longer mine life. 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.”
