Piedmont Lithium

Low-Cost Lithium Hydroxide Project in North Carolina's Lithium Hub

PLL:AU

Piedmont Lithium

Overview

Piedmont Lithium (ASX:PLL, NASDAQ:PLL) is an exploration company that's jump-starting lithium production in North Carolina's prolific Carolina Tin-Spodumene Belt. The project features 3 sub-properties: Core, Central and Sunnyside. A 2019 scoping study projected output of 160,000 tonnes/year of spodumene concentrate, leading to a binding 5-year agreement with Tesla to supply lithium hydroxide for high-nickel batteries.

Highlights

  • Piedmont Lithium is a lithium exploration and development company whose flagship project is located in the Carolina Tin-Spodumene Belt (TSB) with projected output that has helped secure a binding 5-year agreement with Tesla.
  • The Carolina Tin-Spodumene Belt (TSB) region in North Carolina is a leading source of battery-grade lithium hydroxide for electric vehicles. One of the 3 largest lithium-bearing pegmatite deposits in the world, it can support a low-cost spodumene to lithium hydroxide operation.
  • Piedmont Lithium is capable of producing 160,000 tonnes spodumene concentrate annually, the preferred feedstock for lithium hydroxide required in high-nickel batteries. The agreement with Tesla is expected to generate 10-20% of projected revenues.
  • The project is one of only four in the world converting spodumene into battery-grade lithium hydroxide, already attracting institutional investors such as Australian Superannuation Fund (AusSuper) and Fidelity.
  • A pre-feasibility study (PFS) was released on the Piedmont Lithium Project in 2020. The PFS confirmed that a plant would be capable of converting spodumene concentrate into battery-grade lithium hydroxide, positioning the company as a leading low-cost producer.

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