Piedmont Lithium Limited (PLL) is an emerging lithium chemicals company focused on the development of its 100%-owned Piedmont Lithium Project in North Carolina.
The goal of becoming a strategic domestic supplier of battery-grade lithium hydroxide and other chemicals to the growing electric vehicle and battery storage markets in the United States. This could be huge considering the amount of attention the EV market is getting. There is no doubt that electrical vehicles are the future.
Where is Piedmont Lithium (PLL) located?
The Piedmont Lithium Project is located in one of the premier regions in the world for lithium exploration, given its favorable geology and ideal location with easy access to infrastructure, power, R&D centers for lithium and battery storage and major high-tech population centers.
The Piedmont Lithium Project is located within the world-class Carolina Tin-Spodumene Belt (TSB) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium from the 1950s through the 1980s. The TSB has been described as one of the largest lithium regions in the world and is located approximately 25 miles west of Charlotte, North Carolina.
Their core landholding currently consists of 1199 acres and we are actively and aggressively adding further options to considerably expand our presence in the region.
Geologically, the Project lies in the Inner Piedmont belt adjacent to the Kings Mountain shear zone, which separates the Inner Piedmont belt from the Kings Mountain belt to the east.
The Company expects to complete its 20,000-meter Phase 3 Drilling Campaign and announce a maiden Resource within Q2 2018.
Piedmont Lithium (PLL) history
From the 1950s to 1990s, two major lithium mines operated in this region. Two significant lithium processing facilities continue to supply lithium products to U.S. and international customers today and are located within 20km of the Piedmont Lithium Project. With resource updates, permit approvals, metallurgical testwork, and feasibility study completed, their aim is to fast track the Piedmont Lithium Project towards production as a fully-integrated domestic source of battery-grade lithium and capitalize on the widely anticipated shortfall of lithium in global markets over the next decade.
In June 2019 Piedmont announced a Mineral Resource estimate update on its Core property to 25.1 million tonnes at 1.11% Li2O. Project-wide Mineral Resources are now 29.1Mt at 1.11% Li2O containing 309,000 tonnes of lithium oxide (Li2O) or 764,000 tonnes of Lithium Carbonate Equivalent (“LCE”) (the benchmark used in the lithium industry). Approximately 50% or 13.9 million tonnes of the Mineral Resource is classified in the Indicated Resource category. Simply meaning, huge profits.
Piedmont Lithium (PLL) potential growth
The 3 analysts offering 12-month price forecasts for Piedmont Lithium Ltd have a median target of 19.74, with a high estimate of 20.00 and a low estimate of 16.43. The median estimate represents a +165.26% increase from the last price of 9.44.
Should you buy Piedmont Lithium (PLL)?
Shares of Piedmont Lithium (PLL) appear to be a very good investment option, the Money Midnight Indicator is expecting its price to increase considerably in the next several months. The majority of the metrics point to this investment being highly attractive.