Piedmont entered into agreements with local landholders to acquire an additional 107 acres of land, taking its total tenure to around 1200 acres.
Grab samples from the newly acquired ground have identified multiple high-grade lithium-bearing pegmatites with grades of up to 2.89% lithium oxide.
The company is confident of further adding to its land position over the course of the year.
Piedmont is currently undertaking a 20,000m drilling campaign as part of the estimation of a maiden resource.
The company has set an initial exploration target of 10-15 million tonnes at 1-1.25% lithium oxide.
Piedmont executive director Taso Arima told MNN the...