NEW YORK, July 1, 2018 /PRNewswire/ --
- By-products may include quartz, feldspar and
mica
- Mineral Resource Estimates for by-products expected H2
2018
- Bench scale metallurgical testwork complete with assays
pending
- Historic local spodumene mines had significant by-product
revenue
- Confidential discussions held with potential by-product
off-take partners
Piedmont Lithium Limited ("Piedmont" or "Company") (ASX: PLL; NASDAQ:
PLLL) is pleased to advise that the Company has commenced a
By-product Study for the Piedmont Lithium Project, located in the
historic Carolina Tin-Spodumene Belt in North Carolina, United States.
Piedmont has retained CSA
Global to complete Mineral Resource Estimates for potential quartz,
feldspar and mica concentrate by-products. CSA Global will
use the same geologic model that was used for the recently
completed maiden Mineral Resource Estimate for the Piedmont Lithium
Project as the basis for further study.
North Carolina State University's
Minerals Research Lab has completed bench scale flotation tests and
iron removal for quartz, feldspar and mica concentrates.
Assays are pending for these bench-scale tests. Data and
samples from these bench scale test results will be provided to
potential off-take partners to evaluate their commercial
potential.
Piedmont plans to include
revenue potential from by-products in an update to our initial
Scoping Study, which is expected to be released in late-July.
The update should be available in late-2018 following the
definition of Mineral Resource Estimates for each by-product and
will reflect feedback from potential by-product customers.
Keith D. Phillips, President and
Chief Executive Officer, said, "While many spodumene pegmatites
include quartz, feldspar and mica mineralization, most are located
too remotely to economically serve the important markets for these
products. Given our location in the industrial heartland of
the USA, there is potential to
deliver into the large, glass, ceramic, building products and
technology businesses that are based in our region and have great
need for these minerals. The historic Hallman-Beam mine
derived substantial revenue from by-products, and if we are able to
do the same it will have a positive impact on our production
costs."
For further
information, contact:
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|
|
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Keith D. Phillips
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Anastasios (Taso)
Arima
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President & CEO
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Executive
Director
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T: +1 973 809 0505
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T: +1 347 899
1522
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E:
kphillips@piedmontlithium.com
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E:
tarima@piedmontlithium.com
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SOURCE Piedmont Lithium Limited