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Lithium Firm's Deposits Show High-Purity Spodumene

Streetwise Reports, Streetwise Reports
0 Comments| June 25, 2019

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The implications of the results and the next catalyst are addressed in a ROTH Capital Partners report.

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In a June 19 research note, ROTH Capital Partners analyst Joe Reagor reported that mineralogical testing of Piedmont Lithium Ltd.'s (PLL:NASDAQ; PLL:ASX) three North Carolina deposits showed a "relatively pure spodumene," which could benefit metallurgy and future recoveries.

Along with high-purity spodumene, testing also revealed a lack of petalite and lepidolite. This is a significant positive for Piedmont, Reagor pointed out, because the presence of these minerals typically requires extra operating and capital costs to recover the lithium.

Reagor noted the next major catalyst for the stock is an update indicating a significant resource increase, expected in the near future. This should address investors' concerns about the length of the mine life. "If the company is able to demonstrate an initial mine life of 20 or more years, we would anticipate a significant positive reaction by the market," he added.

ROTH has a Buy rating and a US$36 per share price target on Piedmont Lithium, whose stock is currently trading at around US$11.74 per share.

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Disclosures from ROTH Capital Partners, Piedmont Lithium Ltd., Flash Note, June 19, 2019

Regulation Analyst Certification ("Reg AC"): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

ROTH makes a market in shares of Piedmont Lithium Limited and as such, buys and sells from customers on a principal basis.

ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months.


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