The continued increase in quarterly production, said CEO Keith Phillips, is attributed to the investments made at NAL during prior quarters, particularly the recently completed crushed ore dome, the availability of which also drove an improvement in unit operating costs.
Sayona Mining, Piedmont’s partner at NAL, announced a significant increase to the mineral resource estimate last quarter
In addition to the progress in operations, Phillips also noted that Sayona Mining (ASX: SYA), its partner at NAL, announced a significant increase to the mineral resource estimate last quarter, indicating the “potential for a brownfield expansion of annual production at some future point.”
About 49,000 dmt of the NAL output were shipped out, of which 31,500 dmt went to Piedmont, with the rest going to Sayona. From the NAL shipments, which also were a quarterly record, Piedmont booked $27.7 million in revenues.
While…
