Ann: Carolina Lithium State Mining Permit, page-95

With the Mining licence secured I'd expect the rest of the permits needed to follow, but what I think isn't important to the share market. What will drive the market is the general markets perception as to whether they will secure the permits and finance.

The share price performance is consistent with the presumably primarily Australian market investing in the ASX attributing more likelihood of that than the USA market to the NC project occurring in a timely manner from here on. For instance Joe Lowry is doing an X poll on "% chance PLL's NC project is fully approved and financed by Dec 2025." At the moment the leading vote is 0% (40.6%) followed by 25% (28.2). >50% is only 15.1% and >75% is only 16.1%.

Most people still think the NC project has slim to no chance of being FID ready within the next 20 months. Piedmont's last published timeframe is for it to be ready within that timeframe (2025 start, 2027 production).