In short

Net Present Value:

$0.9B

$12000/t LCE pricing. After-tax, 8% Discount rate

Resource Estimate:

0.6 Mt

LCE, Measured & Indicated

Stage:

PFS

Completed

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Lithium project:

Piedmont Lithium

North Carolina, USA

Project Summary

Net Present Value

$0.9B

$12000/t LCE pricing. After-tax, 8% Discount rate

Resource Estimate

0.6 Mt

Measured & Indicated

Completed Stage:

PFS

Location: North Carolina, USA
Completed Stage: PFS
Next Stage: FS
Deposit type: Hard-Rock

Website: piedmontlithium.com

Company description

Piedmont Lithium is an emerging lithium chemicals company focused on the development of its 100%-owned Piedmont Lithium Project in North Carolina, with the goal of becoming a strategic domestic supplier of battery-grade lithium hydroxide and other chemicals to the growing electric vehicle and battery storage markets in the United States.

With resource updates, permit approvals, metallurgical testwork, and feasibility study scheduled for completion in 2019, our aim is to fast track the Piedmont Lithium Project towards production as a fully-integrated domestic source of battery-grade lithium and capitalize on the widely anticipated shortfall of lithium in global markets over the next decade.

Key takeaways:

1. Fully integrated lithium chemical business

Piedmont plans to become a fully integrated producer of lithium hydroxide with the construction of an integrated chemical plant presented in their PFS. 

2. Off-take agreement with Tesla

The company has a conditional off-take agreement with Tesla for their spodumene concentrate.

3. Strategic investment of $12 million in Sayona Mining

Piedmont made a strategic investment in Sayona Mining, which included a future off-take agreement from their Canadian hard rock mining project.

Resources & Reserves

Resources

Reserves

Project Economics

Initial capital costs

$545M

After-tax IRR

23.5%

$12000/t LCE pricing, 8% Discount rate

Operating Cost

$3712/t

LCE

Ownership

100%

Of the Piedmont Lithium project

Sensitivity Analysis - Forecasted Pricing

Forecasted LCE pricing After-tax NPV(8%) After-tax IRR
$10,328/t
$600 M
19%
$12,000/t
$905 M *
23.5%*
$12,910/t
$1.07 B
26%

* Interpolated value 

Piedmont Lithium: $PLL Current valuation

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Company financials

Debt

$3.6 M

June 20, 2020

Cash & Cash eq

$19 M

June 20, 2020
includes Assets up for sale

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