Piedmont Lithium Announces High-grade North American Lithium Drill Results Show Potential For Mineral Resource Upgrade
Portfolio Pulse from Benzinga Newsdesk
Piedmont Lithium (NASDAQ:PLL) announced that initial 2023 drill campaign results from the jointly owned North American Lithium (NAL) project have identified multiple, high-grade lithium zones. The results indicate potential for further mineral resource conversion and mine life extension at NAL. Piedmont holds a 25% stake in NAL, with Sayona Mining holding the remaining 75%.
November 02, 2023 | 9:43 pm
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POSITIVE IMPACT
Piedmont Lithium's successful drill results from the North American Lithium project could potentially increase the company's mineral resources and extend the mine life, positively impacting the company's future revenues and profitability.
The successful drill results indicate the potential for further mineral resource conversion and mine life extension at NAL. This could lead to increased production and revenues for Piedmont Lithium, positively impacting the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100