Piedmont Lithium Ltd.

NASDAQ/ASX-listed Piedmont Lithium is a specialty chemical company developing Spodumene and Lithium Hydroxide facilities in North Carolina that will provide a low capex/low opex, high IRR/NPV sustainable U.S.-based source of the fastest growing lithium battery critical mineral and new energy fuel.

Expert Comments:

As lithium is declared a "critical metal" in the U.S., a young, NASDAQ-listed company is forging ahead to bring a lithium deposit into production in North Carolina.
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This company released initial assays from its new properties.
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Joe Reagor, ROTH Capital Partners (10/18/18)
"On Oct. 17, 2018, Piedmont Lithium Ltd. released the results of an initial 3-hole drill program at its Central property; the highlight of the results was hole 18-CT-001, which intersected 34m averaging 1.04% lithium oxide. We view this as encouraging as it is a long continuous intercept of high-grade lithium, while the company's flagship Core property did not have continuous intervals of this magnitude."

David Talbot, Eight Capital (10/18/18)
"After visits to Piedmont Lithium Ltd.'s Piedmont project in North Carolina, we believe this early-stage lithium developer is in a unique position to leverage its position as a first mover in restarting lithium production within the Carolina Tin-Spodumene belt, a historic lithium camp. . .in short order, multiple drill programs have supported an initial resource estimate, preliminary metallurgical test work, a scoping study and a subsequent update that considered byproduct potential."

Joe Reagor, ROTH Capital Partners (9/14/18)
"On Sept. 12, 2018, Piedmont Lithium Ltd. announced the results of an updated scoping study that included its recent byproduct study. As a result of the byproducts being included, the net present value of the project improved by $111M. . .we are increasing our price target from $33 to $34."

Mark Fichera, Foster Stockbroking (8/23/18)
"Piedmont Lithium Ltd. released a scoping study for its Piedmont project based on 170 Ktpa steady-state production of spodumene and chemical plant producing 22.7 Ktpa lithium hydroxide. . .the scoping study derived an after-tax NPV8 of $777M for the integrated plant and mine. . .we maintain our Speculative Buy on the company and increase our 12-month price target to $0.34/share (previously $0.32)."

Joe Reagor, ROTH Capital Partners (7/22/18)
"The scoping study on Piedmont Lithium Inc.'s Piedmont demonstrated strong project economics and supports our view that the company has the potential to develop the project quickly. . .the scoping study showed a staged development with an initial capital cost of $91M, 22.7 Kt/year lithium hydroxide production beginning in year three, a net present value of $777M and an after-tax internal rate of return of 56%."

Howard Klein, Lithium Bull (6/11/18)
"Piedmont Lithium Ltd.'s uniqueness qualified it for my Screaming Buy album in April. . .I expect the ChinaAustraliaAsia supply chain from lithium rock-to-chemicals-to-cathodes-to-batteries to be mirrored within a few years in this 15–20 year lithium supercycle by hardrock mines close to traditional auto manufacturing hubs in North America, Europe and Brazil."

More Expert Comments

Experts Following This Company

Mark Fichera, Analyst – Foster Stockbroking
Howard Klein – RK Equity Advisors LLC
Joe Reagor, Analyst – ROTH Capital Partners
David Talbot, Vice President, Senior Analyst – Eight Capital

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Investing Highlights
Strategic USA Lithium critical mineral
Only 100% USA Project. 100% owned.
1st quartile cash cost 46% IRR - $900m MPV
catalyst Calendar
Profitability Study
Off take partners
Land adquisitions
Exploration Growth of resource
Definite feasability