Piedmont Lithium enhances US project sustainability with 40% increase in industrial resources

Piedmont Lithium Inc (NASDAQ:PLL) (ASX:PLL) (OTCMKTS:PDDTF) has further enhanced the sustainability of its flagship US lithium project in North Carolina with a 40% increase in the resource of the industrial minerals quartz, feldspar and mica.

The upgraded resource estimate and resulting expected expansion of quartz, feldspar and mica production will feature in the company’s upcoming technical studies.

There are now 11.5 million tonnes of quartz, almost 17.8 million tonnes of feldspar and 1.63 million tonnes of mica.

Aiming to be sustainable business

President and CEO Keith D Phillips said: “Piedmont continues to find increased value in our industrial mineral products.

“Our location in close proximity to potential customs 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 productions.

“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.”

The new resource includes an update for the Core property and an initial resource for the Central and Huffstetler properties, both of which are within one mile of Core.

Piedmont is in discussions with prospective regional customers and strategic partners in the solar glass, engineered quartz, ceramic tile and other industrial minerals markets.

Feldspar and quartz experience

To help advance the marketing of these mineral products, John Walker joined the Piedmont team last fall as a strategic consultant.

He has extensive experience in the quartz and feldspar markets, having worked with Imerys for more than 20 years and spending another eight years with The Quartz Corp as CEO.

Walker has also 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.

Story by ProactiveInvestors