Piedmont (ASX:PLL) increases North Carolina lithium output estimate

Company News

by Michael Luu

Tesla’s lithium supplier Piedmont (ASX:PLL) has bumped up the company’s estimate of mineral deposits at the North Carolina mining site.

Piedmont (ASX:PLL)’s experts believe the lithium output to be around the 39.2-megatonne mark, signifying a 40-per cent increase from the previous forecast. The company is now contracted with innovator giant Tesla for 5 years of lithium supply.

Shares in Piedmont Lithium (ASX:PLL) are trading 1.12 per cent lower at 88 cents


Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.