Saturn Metals Limited
Piedmont Lithium Limited
(ASX: STN)
(ASX: PLL)
Saturn Metals’ Apollo Hill project comprises 20 gold exploration and prospecting licenses covering approximately 1,065 square kilometres of ground and two mining leases. The project’s main asset is the 100 per cent-owned Apollo Hill Indicated and Inferred Mineral Resource of 20.7 million tonnes at 1 grams per tonne gold for 685,000 ounces of gold using a cut-off grade of 0.5g/t gold with the maximum depth of the resource at 180 metres below surface. Saturn Metals recently resumed drilling activities at the Apollo Hill project in the form of a three-hole, diamond drilling program that is planned to test for specific new styles of mineralisation and to provide material for metallurgical testing. The program will be funded in part by a Western Australian Government Exploration Incentive Scheme (EIS) grant. All drilling at Apollo Hill is part of Saturn’s efforts to rapidly grow the Apollo Hill project Mineral Resource. “We are pleased to be able to test a couple of new ideas with this drill program,” Saturn Metals managing director Ian Bamborough said “We have been planning on testing these positions for some time. “The diamond core will provide us with a wealth of information and help us to continually improve our targeting.” The diamond drilling follows positive results from the first reverse circulation (RC) drilling campaign undertaken at Apollo Hill that clearly defined the main extensional structures and trends within broader step-out mineralised intersections, extending the strike length of the main Apollo Hill system by 0.5 kilometres to 1.7km. “Moving forward, our planned drilling will continue to home in on these exciting trends as we continue towards our goal of rapidly growing our resource base in 2019,” Bamborough said.
New York-based Piedmont Lithium is kept extremely busy developing the company’s 100 per cent-owned Piedmont lithium project, located within the Carolina Tin-Spodumene Belt (TSB) of North Carolina in the United States. Piedmont Lithium is currently bang-on schedule to update the project Mineral Resource estimate and Scoping Study near mid-year and to receive required permits and regulatory approvals by year-end, all while completing a Definitive Feasibility Study (DFS) by the end of 2019. The company increased its overall land position by 15 per cent to 2,105 acres, taking its Core Property to 1,004 acres, an 86 per cent increase from the Core land position underlying the maiden Mineral Resource estimate. PFS-level metallurgical testwork evaluating Dense Medium Separation (DMS) technology remains ongoing after preliminary DMS results indicated potential to include DMS circuitry in the Piedmont concentrator’s design. Results of the testwork will be used to update the process design from the Scoping Study and to design a pilot program for later in 2019. Piedmont’s Phase 4 drill campaign continues with three rigs drilling, from which the company anticipates an initial Mineral Resource estimate on its Central Property in April 2019 and an update to the Mineral Resource estimate on the Core Property in June/July 2019. Piedmont has been engaged in preliminary offtake, financing and strategic conversations of late with interested parties of a global nature, including companies from the lithium, mining, chemicals, battery, automotive and private equity sectors. “As the only conventional lithium project in the USA, we have attracted considerable strategic interest and have engaged in initial conversations with parties in the lithium, mining, chemicals, battery, automotive, and private equity sectors,” Piedmont Lithium president and CEO Keith D. Phillips said.
EMAIL info@saturnmetals.com.au WEB www.saturnmetals.com.au DIRECTORS Ian Bamborough, Rob Tyson, Andrew Venn
EMAIL info@piedmontlithium.com WEB www.piedmontlithium.com DIRECTORS Ian Middlemas, Keith D. Phillips, Anastasios Arima, Jeff Armstrong, Robert Behets, Jorge M. Beristain, Levi Mochkin
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