Piedmont Lithium Inc (ASX:PLL) (NASDAQ:PLL) CEO Keith Phillips tells Proactive its updated scoping study has confirmed that its Carolina Lithium Project will be one of the world’s largest and lowest-cost sustainable producers of lithium hydroxide.
Phillips says the latest report is based on a mineral resource estimate, updated in April 2021, indicating that the project contains 39 million tonnes of resource at 1.09% lithium hydroxide. Carolina Lithium’s after-tax net present value has also jumped to US$1.9 billion and its estimated to bring in US$400 million every year in EBITDA.
Phillips also updated on its strategic partnership with Sayona Mining Ltd (ASX:SYA) (OTCMKTS: DMNXF) and its investment in Sayona Québec Inc.
Story by ProactiveInvestors
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