Piedmont Focused on Increased Sustainability With 40% Increase in Quartz, Feldspar, and Mica Mineral Resources
June 08 2021 - 6:30AM
Business Wire
- Mineral Resource estimates have increased by 40% for quartz
(11.5Mt), feldspar (17.8Mt), and mica (1.6Mt)
- Piedmont has added John Walker, former CEO of The Quartz
Corp, as a strategic advisor to the Company
- Market analysis indicates far greater potential demand for
Piedmont industrial mineral products than prior Company
estimates
- The Company is advanced in discussions with prospective
regional customers and strategic partners in the solar glass,
engineered quartz, ceramic tile, and other industrial minerals
markets
- Expanded quartz, feldspar, and mica production will feature
in the Company’s upcoming technical studies
Piedmont Lithium Limited (“Piedmont” or the “Company”)
(Nasdaq:PLL; ASX:PLL) is to announce an updated Mineral
Resource estimate for industrial mineral products quartz, feldspar,
and mica. The estimate is based on the lithium Mineral Resource
previously reported on April 8, 2021 (39.2Mt @ 1.09 Li2O%) for
spodumene bearing pegmatites at the Company’s flagship Piedmont
Carolina Lithium Project (“Project”) in North Carolina, USA.
Table 1: Mineral Resource Estimates for
Industrial Minerals – Piedmont Carolina Lithium Project
Category
Tonnes (Mt)
Quartz
Feldspar
Mica
Grade (%)
Tonnes (Mt)
Grade (%)
Tonnes (Mt)
Grade (%)
Tonnes (Mt)
Indicated
21.6
29.4
6.34
45.0
9.69
4.2
0.90
Inferred
17.6
29.3
5.16
45.9
8.08
4.1
0.73
Total
39.2
29.4
11.50
45.4
17.77
4.2
1.63
To help advance the marketing of these mineral products, John
Walker joined the Piedmont team last fall as a Strategic
Consultant. John has extensive experience in the quartz and
feldspar markets having worked with Imerys for more than twenty
years and spending another eight years with The Quartz Corp as CEO.
John has provided invaluable input on market dynamics, desired
product quality and other customer criteria, allowing Piedmont to
develop a robust business model for marketing these materials.
Keith D. Phillips, President and Chief Executive Officer,
commented: “Piedmont continues to find increased value in our
industrial mineral products quartz, feldspar, and mica. Our
location in close proximity to potential customers helps advance
our goal of becoming one of the world’s most sustainable lithium
manufacturing businesses. 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. Our upcoming technical
studies are expected to demonstrate both the environmental and
economic benefits that our team is creating through their ongoing
efforts to make beneficial use of every part of our ore body.”
Click here to view the complete announcement.
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version on businesswire.com: https://www.businesswire.com/news/home/20210608005345/en/
Keith Phillips President & CEO T: +1 973 809 0505 E:
kphillips@piedmontlithium.com
Brian Risinger VP – Corporate Communications T: +1 704
910 9688 E: brisinger@piedmontlithium.com
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