NEW YORK, July 5, 2018 /PRNewswire/ --
- Acquisition of Heavy-Industrial zoned property in
Kings Mountain, North
Carolina
- Short truck haul from proposed mine and concentrator
sites
- Immediate access to major rail, power, gas, and highway
infrastructure
- Permitting activity for lithium chemical plant expected to
commence in Q3 2018
- Site acquisition advances vertically-integrated lithium
chemicals production strategy
- Lithium chemical plant will focus on production of
battery-grade quality lithium hydroxide
Piedmont Lithium Limited ("Piedmont" or "Company") (ASX:PLL; NASDAQ:
PLLL) is pleased to advise that the Company has acquired a
60.6-acre parcel in Kings Mountain, North
Carolina as a potential site for its planned lithium
chemical plant. This acquisition represents an important step
in the development of the vertically-integrated Piedmont Lithium
Project located in North Carolina,
USA.
The lithium chemical plant site is approximately a 20-mile truck
haul from the Company's proposed spodumene mine and concentrator,
minimizing the freight cost for concentrate delivery to the
proposed facility. Zoned heavy-industrial, the plant site has
direct access to a Norfolk Southern rail line, Interstate I-85 and
US Highway 29. The site also has natural gas and power
transmission immediately adjacent to the property.
The site will be included in the Company's scoping study which
is on track for completion in Q3 2018. The planned lithium
chemical plant will convert Piedmont Lithium-produced spodumene
concentrate to lithium chemicals, with a focus on battery grade
lithium hydroxide. Lithium hydroxide commands a pricing
premium relative to lithium carbonate, and recent studies have
reported that lithium hydroxide produced from spodumene has a
production cost advantage relative to production from brines.
Piedmont Lithium will commence permitting of the lithium
chemical plant upon completion of the Scoping Study.
Keith D. Phillips, President and
Chief Executive Officer, said, "We are very pleased to have
identified such an attractive site for our downstream operations.
The site is a short drive from our core mining and
concentration properties, it is the proper scale for our
contemplated lithium chemical production operations, and it offers
all the infrastructure one would seek for such a facility.
Piedmont is focused on building an
integrated lithium chemical operation in North Carolina, and this site will be an
integral part of our plans."
For further information, contact:
Keith D.
Phillips
|
Anastasios (Taso)
Arima
|
President &
CEO
|
Executive
Director
|
T: +1 973 809
0505
|
T: +1 347 899
1522
|
E:
kphillips@piedmontlithium.com
|
E:
tarima@piedmontlithium.com
|
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SOURCE Piedmont Lithium Limited