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Best-Ever Drill Intercepts at Piedmont Lithium Project

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Best-Ever Drill Intercepts at Piedmont Lithium Project.
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    • Best-Ever Drill Intercepts at Piedmont Lithium Project

     
    PRESS RELEASE  |  March 14, 2019  |  NASDAQ:PLL  |  ASX:PLL
    • Drill results continue to showcase the outstanding potential of the
      lithium-rich, low-cost Carolina Tin-Spodumene Belt in North Carolina,
      USA
    • Drill intercepts from 4 Central property holes returned outstanding
      grade:

      • 43.2m @ 1.73% Li2O in Hole 19-CT-014
      • 14.1m @ 1.63% Li2O in Hole 19-CT-013
      • 28.1m @ 1.35% Li2O in Hole 19-CT-015
    • Drill intercepts from 19 Core property holes delivered strong
      results consistent with historical drilling
    • Phase 4 drilling continues with 3 drill rigs active on the Core
      property and a total of 57 holes completed to-date with assay results
      pending for 34 holes
    • Piedmont expects to release a maiden Mineral Resource estimate for
      Central by April 2019
    • Piedmont expects to release an updated Mineral Resource estimate
      for Core by June 2019
    • High confidence in significantly enhancing the Project’s mine life
      post Mineral Resource updates

    NEW YORK – Piedmont Lithium Limited (“Piedmont” or “Company”) is
    pleased to announce Phase 4 drill results for 23 drill holes (refer
    Appendix 1) completed on the Piedmont Lithium Project (“Project”)
    located within the world-class Carolina Tin-Spodumene Belt (“TSB“)
    in North Carolina, USA. The high-grade results are from the recently
    discovered pegmatites on the Central property and Exploration Target
    areas on the Core property (Figure 1). High-grade mineralization was
    encountered in all 23 holes drilled.

    Positive drill results from the Central property continue including the
    thickest high-grade intercept reported on the Project to-date, 43.2m
    @ 1.73% Li    2O,encountered in hole
    19-CT-014. The Company now expects to publish a maiden Mineral Resource
    estimate for the Central property by April 2019.

    Phase 4 drilling continues on the Core property with the principal aim
    to significantly expand the 13-year project life reported in the
    Company’s Scoping Study announced in September 2018. Further updates to
    the Project’s existing Mineral Resource of 16.2Mt @ 1.12% Li2O
    are expected over the next several months.

    Keith D. Phillips, President and Chief Executive Officer, commented: “We
    are exceedingly happy with the early results from Phase 4 drilling.    It
    is clear to us that the Core property will continue to grow in size, and
    the results from Central are potentially transformational for the
    Project.    With a maiden resource for Central now planned for next
    month and an updated resource at Core expected in by June, we believe
    Piedmont will soon be positioned as one of the largest hard-rock lithium
    projects in North America, while enjoying all the benefits of our unique
    North Carolina, USA location.    ”

    Click
    here to view the ASX Announcement

    For further information:
    Keith D. Phillips
    President &
    CEO
    T: +1 973 809 0505
    E: kphillips@piedmontlithium.com

    Anastasios
    (Taso) Arima
    Executive Director
    T: +1 347 899 1522
    E: tarima@piedmontlithium.com


    For further information, contact:

    Erin Sanders
    SVP, Corporate Communications & Investor Relations
    T: +1 704 575 2549
    E: esanders@piedmontlithium.com