Piedmont Lithium Announces Outstanding PFS-level Metallurgical Results

Date : 07/17/2019 @ 6:00PM
Source : Business Wire
Stock : Piedmont Lithium Limited (PLL)
Quote : 0.105  0.0 (0.00%) @ 8:00AM
Piedmont Lithium share price Chart

Piedmont Lithium Announces Outstanding PFS-level Metallurgical Results

Piedmont Lithium (ASX:PLL)
Historical Stock Chart

6 Months : From Jun 2019 to Dec 2019

Click Here for more Piedmont Lithium Charts.
  • Testwork confirms ability to produce high-grade, low impurity spodumene concentrate
  • Flow sheet adjusted to incorporate a combination of DMS and flotation processing
  • Process simulations based on testwork results support a design basis of 85% lithium recovery
  • Mineralogy shows spodumene as the only lithium bearing mineral in concentrate
  • Optimization to further improve recoveries will be undertaken during Definitive Feasibility Study
  • Updated flow sheet will be reflected in a Scoping Study update expected in the next 30 days

Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce positive results from pre-feasibility study (“PFS”) level metallurgical test work conducted on composite samples of ore from the Piedmont Lithium Project (“Project”) performed at SGS testing laboratories in Lakefield, Ontario.

Dense Medium Separation (“DMS”) and flotation Locked-Cycle Tests (“LCT”) test work results showed high quality spodumene concentrate product with a grade above 6.0% Li2O, iron oxide below 1.0%, and low impurities from composite samples. Piedmont test results compare favorably in several quality categories with the reported shipments of three emerging Australian spodumene producers.

Table 1: Results of Dense Medium Separation + Locked Cycle Flotation Test Results (Composite Sample 1)

Sample

Feed Grade Li2O (%)

Concentrate Grade Li2O (%)

Fe2O3 (%)

Na2O (%)

K2O (%)

CaO+ MgO + MnO (%)

P2O5 (%)

Piedmont Composite Sample 1

1.11

6.35

0.93

0.63

0.49

0.96

0.32

Australian Producer 1

NR

6.00

1.20

NR

NR

NR

NR

Australian Producer 2

NR

5.90

1.50

NR

NR

NR

NR

Australian Producer 3

NR

6.10

0.61

0.80

0.76

0.79

0.30

NR: Not Reported

The composite samples were prepared to approximate the average grade of the Project’s ore body. Overall lithium recovery during testwork for the preferred flowsheet was 77% at a grade of 6.35% Li2O. Simulations based on the testwork results support an overall plant design recovery of 85% when targeting a 6.0% Li2O spodumene concentrate product. Further optimization will be undertaken in a future feasibility level pilot testwork program.

The Company’s forthcoming Scoping Study update will incorporate the updated flow sheet developed during this test work program. The benefit of incorporating DMS technology into the flow sheet will be reduced operating costs and accelerated ramp-up.

Keith D. Phillips, President and Chief Executive Officer, commented: “We are very pleased with the results of this PFS-level testwork program, which confirms the outstanding mineralogy and metallurgy of the Piedmont Lithium Project. We look forward to reflecting these strong results in our forthcoming Scoping Study update, which will also incorporate the substantially larger mineral resource announced in June as well as several other constructive refinements.”

Click here to view the full ASX Announcement.

Keith D. Phillips President & CEO T: +1 973 809 0505 E: kphillips@piedmontlithium.com Anastasios (Taso) Arima Executive Director T: +1 347 899 1522 E: tarima@piedmontlithium.com

Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

Finance Manila is owned and operated by ADVFN PLC.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:fm D:20191215 11:56:30