Month: May 2018

NEW YORK, May 16, 2018 /PRNewswire/ —

• Piedmont has received assay results from a further 41 holes with 40 of 41 holes showing high grade mineralisation including:
• 28.5m of cumulative thickness of mineralization (non-continuous) across 7 pegmatites which includes high grade intercepts of 6.2m @ 1.21% Li₂O and1.4m @ 1.50 Li₂O in Hole 18-BD-166
• 19.1mof cumulative thickness of mineralization (non-continuous) across 2 dikes which includes high grade intercepts of 8.3m @ 1.66%Li₂O and 10.9m @ 1.05% Li₂O in Hole 18-BD-174
• 20.9m of cumulative thickness of mineralization (non-continuous) across 3 pegmatites which includes high grade intercepts of 4.6m @ 1.44% Li₂O and3.0m @ 1.35 Li₂O in Hole 18-BD-176
• 18.4m of cumulative thickness of mineralization (non-continuous) across 7 pegmatites which includes high grade intercepts of 7.7m @ 1.23% Li₂O and1.7m @ 1.52 Li₂O in Hole 18-BD-177
• 24.0m of cumulative thickness of mineralization (non-continuous) across 6 pegmatites which includes high grade intercepts of 11.7m @ 1.23% Li₂O and2.6m @ 1.45 Li₂O in Hole 18-BD-180
• 21.3m of cumulative thickness of mineralization (non-continuous) across 3 pegmatites which includes high grade intercepts of 8.9m @ 1.36% Li₂O and6.2m @ 1.34 Li₂O in Hole 18-BD-194
• 17.7m of cumulative thickness of mineralization (non-continuous) across 4 pegmatites which includes high grade intercepts of 3.3m @ 2.38% Li₂O and9.4m @ 1.65 Li₂O in Hole 18-BD-204
• 21.8m of cumulative thickness of mineralization (non-continuous) across 5 pegmatites which includes high grade intercepts of 8.0m @ 1.62% Li₂O and2.6m @ 1.88% Li₂O in Hole 18-BD-208
• Infill drilling has been completed and the Company is now finishing wide spaced exploration holes on the core property
• Exploration drilling on the recently-announced Sunnyside property will commence in June
• Maiden resource continues to remain on-track for delivery by end of 2^nd Quarter 2018

Piedmont Lithium Limited (“Piedmont” or “Company”) (ASX:PLL; NASDAQ: PLLL) is pleased to advise that the Company has received assay results from a further 41 holes from the current drilling campaign on its properties in the Carolina Tin-Spodumene Belt (“TSB“) in North Carolina, United States. The Company remains on schedule to release a maiden Mineral Resource estimate in accordance with the JORC Code by the end of the 2^nd Quarter 2018.

The results build upon the previous drilling completed on the property and continue to show similar high-grade mineralisation and pegmatite intercepts. For the Phase 3 program, the Company has completed 117 holes totalling 20,279 meters.  Due to operational efficiencies of the Piedmont field crew and the drilling contractor, the original Phase 3 program was completed under budget, thus allowing for additional drill meters at the Piedmont Project as well as initial drilling at the regional targets, Sunnyside and the Central Properties.  The table below shows an updated Plan for Phase 3 drilling.

Infill drilling at the Core property is completed and exploratory drilling will be completed in the coming weeks. The maiden Mineral Resource estimate continues to remain on-track for delivery by end of 2^nd Quarter 2018.

A drill rig will be mobilized to the Sunnyside property within the next few weeks as soon as the North Carolina State Sedimentation and Erosion permit is issued.  The initial Sunnyside drilling is expected to consist of 4 to 6 holes totalling 600 to 900 meters. 

Keith D. Phillips, President and Chief Executive Officer, said, “Phase 3 drilling has been very successful.  Strong results have been generated and the team has accomplished the project on-time and under-budget.  We are on track to have a maiden Mineral Resource estimate in June and a Scoping Study shortly thereafter.”

Piedmont Lithium Project Cross Section

The seven exploratory holes tested three areas. The first was an area in the north western portion of the property defined by holes 18-BD-191, 197, 201, and 208.  This area consisted of subcrop and boulder trains that had not been previously drill tested.  All four holes returned multiple mineralized pegmatites.  A few of the significant intercepts are in18-BD-208 where 8.0m @ 1.62% Li₂O was reported and in 18-BD-197 where 3.0m @ 1.34% Li₂O and 5.5m @ 1.38% Li₂O was reported.

In the second area, located in the north central portion of the property, holes 18-BD-199 and 206 tested outcrop and boulders not previously drill tested.  Both holes returned multiple zone of mineralized pegmatite (results in Appendix 1).  The third area was a follow up to the historic hole 10-BD-14 in which 18-BD-207 was collared approximately 40 meters to the southwest.  18-BD-207 intercepted 6 mineralized pegmatites with high grade intercepts of 3.8m @ 1.20% Li₂O and 2.1m @ 1.99% Li₂O.

For further information, contact:

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SOURCE Piedmont Lithium Limited

NEW YORK, May 14, 2018 /PRNewswire/ — Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that it has appointed Mr. Jim Harkins as a technical advisor to the Company.  Jim will provide peer review and technical support for the Company’s planned development of a spodumene concentrator in the historic Carolina Tin-Spodumene Belt (“TSB“) located in North Carolina, United States.

Mr. Harkins has over 35 years’ experience in mineral processing including 20 years in spodumene concentration.  Mr. Harkins worked in increasingly senior engineering roles at FMC’s historic Hallman-Beam mine and was in mill management positions for nine years until FMC ceased operations at Hallman-Beam in 1998.  Mr. Harkins modernized and innovated processing at FMC during his tenure including successful application of some of the earliest commercially available ore-sorting technologies, modernization of flotation technology, and improvements in instrumentation and control.

Mr. Harkins considerable experience in design engineering, operations, management and quality control of spodumene concentration will provide the Company with tremendous knowledge as the Piedmont Lithium Project advances into further technical study.  Mr. Harkins will participate in all aspects of Piedmont Lithium’s metallurgical testwork program and engineering studies in a peer review capacity.

Jim Harkins holds a Bachelor of Science in Mineral Processing Engineering from West Virginia University, is a certified US Mine Safety and Health Administration (MSHA) instructor, an active member of SME and the American Society for Quality, and a former member of the NC State University Minerals Research Laboratory advisory board.

Keith D. Phillips, President and Chief Executive Officer, commented: “We are very pleased to welcome Jim Harkins to our team as a Technical Advisor.  With 20 years of spodumene concentration experience, including 9 years as the mill manager at FMC’s historic Hallman-Beam project, Jim is one of the world’s foremost experts in spodumene concentration, and is a further example of the deep lithium industry talent pool available in Gaston County, NC.”    

For further information, contact:

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SOURCE Piedmont Lithium Limited

NEW YORK, May 9, 2018 /PRNewswire/ —

• The recently-acquired 255-acre property immediately south of the historic Hallman Beam Mine previously operated by FMC Corporation has been named the Sunnyside property and represents an integral part component of the Piedmont Lithium Project
• The Sunnyside property hosts significant surface exposures of spodumene bearing pegmatite
• High grade lithium mineralization identified in grab samples including;
• 3.47% Li₂O
• 2.82% Li₂O
• 2.10% Li₂O
• 1.99% Li₂O
• Piedmont will commence drilling on the Sunnyside property in the coming weeks, immediately after completion of the infill drilling campaign currently finishing up on the core property

Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce a new exploration target, the Sunnyside property, within the historic Carolina Tin Spodumene Belt (“TSB“) in North Carolina.  The Sunnyside property hosts a high grade spodumene showing located immediately south of the historic Hallman Beam Mine, which was operated for 43 years by FMC Corporation and is less than 5 miles from Piedmont’s core property.

Two large surface exposures of spodumene-bearing pegmatite have been identified by initial sampling and mapping and will be the main target of initial drilling on the Sunnyside property which will begin shortly as resource definition drilling is nearing completion at the core property.

Keith D. Phillips, President and Chief Executive Officer, said, “We are excited about the prospectivity of our new property and the naming is intended to highlight the potential significance of the Sunnyside area to the broader Piedmont Lithium Project.  A successful drill campaign is nearing completion on the core property and a maiden Resource is expected by the end of June.  We will then turn our attention to Sunnyside, where we are hopeful that mine-life and/or throughput additions will have a materially positive impact on the economics of the integrated project.”

For further information, contact:

Sunnyside Geology

The Sunnyside property consists of approximately 255 contiguous acres and hosts significant occurrences of spodumene bearing pegmatite.  Initial interpretations recognize two bodies that generally trend to the west northwest which is subparallel to the trend of the historic Hallman Beam deposit.  Surface exposures of outcrop/sub crop/float range from 60 meters by 150 meters for the northern body and from 25 meters by 150 meters for the southern body. A barren pegmatite is mapped trending north northeast.

Select grab samples from the spodumene bearing pegmatite have yielded high grade values including 3.47%, 2,82%, 2.10% and 1.99%Li₂O with further results in Appendix 1.  The mineralization is hosted in fine to coarse grained pegmatite.  Coarse grained varieties commonly contain spodumene crystals greater than 10 cm in length.  Locally, textural and/or compositional banding is observed which consistently dips moderately to the south.

Approximately 280 meters southwest of the main occurrence, several float blocks were sampled and returned 2.61% Li₂O.  Also, to the southwest, the property owner reported spodumene in cuttings from a drilled water well.  An historic mica mine occurs due west of the main occurrence, where mine dump material includes coarse grained pegmatite with muscovite sheets/books greater than 10 cm in diameter.

The Company is highly encouraged by these initial results and considers the Sunnyside exposures as a high priority drill target.  Initial drilling is scheduled for the upcoming weeks and is expected to consist of 4-6 diamond drill holes totalling 600-1000 meters.  Data will be collected from oriented drill core which will aid in the structure interpretation of the spodumene pegmatites.

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SOURCE Piedmont Lithium Limited

NEW YORK, May 7, 2018 /PRNewswire/ — Piedmont Lithium Limited (NASDAQ: PLLL, ASX: PLL)(“Piedmont” or “Company”), a lithium company focused on the development of its Piedmont Lithium Project in North Carolina, is pleased to announce that its American Depositary Receipts (“ADR’s”) have been approved for listing on the Nasdaq Capital Market (“Nasdaq”). 

Trading commenced in the U.S. on May 7, 2018 under the ticker symbol “PLLL”. Each ADR represents 100 ordinary shares in the Company. The Company’s ordinary shares will continue to trade on the Australian Stock Exchange under the symbol “PLL”.

The SEC registration and Nasdaq listing process does not include any capital raising.  Piedmont had a cash balance of approximately A$12.7 million as of March 31, 2018 and is fully-financed for its 2018 activities.

Keith D. Phillips, President and Chief Executive Officer, commented:

“Nasdaq is one of the world’s premier venues for growth companies, and we expect this listing will provide increased liquidity for current investors and will increase Piedmont’s exposure to institutional and retail investors in the United States.

“The Nasdaq listing comes at an important time in our Company’s evolution, with a maiden Mineral Resource expected next month and a Scoping Study planned for Q3 2018.

“We will now be launching aggressive investor outreach across the United States, anchored by presentations next week at the New York, Chicago and San Francisco Benchmark Minerals Intelligence events co-sponsored by Bloomberg and Deutsche Bank.”

As previously announced, Mr. Jorge M. Beristain has joined the Board of Directors as an Independent Non-Executive Director, effective with the Nasdaq listing, and Mr. Robert Behets has stepped down from his Non-Executive Director position.

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities.

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SOURCE Piedmont Lithium Limited