- Piedmont Lithium (PLL, Financial) concludes NAL's 2024 drilling program, identifying additional mineralization with potential to enhance the existing Mineral Resource Estimate (MRE).
- The results could support production expansion at North American Lithium (NAL), reinforcing Piedmont's plans for a potential brownfield expansion.
- NAL is North America's largest producing spodumene mine, jointly owned by Piedmont Lithium (25%) and Sayona Mining (75%).
Piedmont Lithium Inc. (Nasdaq: PLL; ASX: PLL), a prominent North American lithium supplier, has announced the completion of the final results from the North American Lithium ("NAL") 2024 drilling program. The initiative, conducted between February and December 2024, focused on enhancing the existing Mineral Resource Estimate (MRE) and identifying new mineralization.
The findings from the program are poised to boost NAL's resource classification and overall resource tonnage. These developments could potentially pave the way for an expansion of production capabilities, aligning with Piedmont's strategic objectives to meet the growing demand for lithium in the electric vehicle supply chain.
Keith Phillips, President and CEO of Piedmont Lithium, emphasized the significance of these positive outcomes, stating that they support the company's plans for a brownfield expansion at NAL. Such an expansion aims to increase production capacity and strengthen Piedmont’s position as a leading North American supplier of lithium products.
Jointly owned by Piedmont Lithium (25%) and Sayona Mining Limited (75%) (ASX: SYA), NAL stands as North America’s largest spodumene producing mine. The recent drilling results will be integrated into an updated MRE, aiding in improved mine planning and maximized project value.
