When you look at the value that Piedmont US$102m earn-in unlocks in Atlantic, it is hard to see why the smart lithium money is not rushing in.
It already has a 21mt resource @1.31% and 28,000m of outstanding drill assays due in Q1 2022. Then Piedmont will invest in further drilling so resource should grow materially across 2022.
PFS release mid year, DFS/FID end 2022 or early 2023.
Note: PFS will generate materials like the mine plan that enable submission of local mining applications.
297,000tpa of SC6 with simple dense media separation flowsheet. PLL get 50% of project and offtake but Atlantic retain the balance and it is uncontracted.
Production late 2023 or early 2024.
Great deal by PLL and amazing free carry for Atlantic holders. If further permitting delays are encountered in North Carolina, fast tracking Atlantic is a no brainer for PLL as it has the keys to this lithium bus.
My psychologist is right, lithium does make you happy
When you look at the value that Piedmont US$102m earn-in unlocks...
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Last
22.0¢ |
Change
-0.010(4.35%) |
Mkt cap ! $93.28M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.3¢ | 22.0¢ | $246.8K | 1.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 106993 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 118829 | 5 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
22.0¢ |
Change
-0.010 ( 4.35 %) |
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| Open | High | Low | Volume | ||
| 22.0¢ | 22.5¢ | 21.5¢ | 588391 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| PLL (ASX) Chart |