E24: Piedmont Lithium. Rhymes with Kidman
In the latest episode of Lithium-ion Rocks!, Howard Klein and Rodney Hooper take a look at the latest Lithium market happenings. S2 E24.
Lithium-ion Rocks co-host Howard Klein and Keith Phillips, CEO of North Carolina, USA-based, Piedmont Lithium reflect on Keith's 30 months since becoming The BOSS - after a storied 30-year career in global resource investment banking.
Growin' Up: From 500 acres and 19 exploration drill holes to a major milestone 404 permit for its mine and concentrator last month. Keith maps out the path over the next 12 months to definitive feasibility study and full funding/final investment decision Q42020 with first hydroxide production by 2023.
She's the One: Keith also discusses the unique attributes and strategic nature of America's only spodumene lithium development project in "Hydroxide Hub" North Carolina in Albemarle and Livent's backyard. Piedmont's integrated scoping study suggests it could be the world's lowest cost producer of the highest valued battery quality lithium hydroxide ($3,100 cash costs projected).
The company has no debt and a market cap of USD 60M. 100% of its production is available as off-take to prospective customers/partners/investors.
PLL in July raised AUD21 M at 14.5 cents with large institutions adding a new 9% blue--chip investor, Fidelity International alongside Australia's largest institutional investor AusSuper Annuation, following their rights to maintain a 13% stake. PLL trades today at 11 cents, despite its lightning speed project advancement/permitting.
Piedmont Lithium. Rhymes with Kidman.
Growing Up. She's the One Santa Claus is Coming to Town
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