Further High Grade Lithium Mineralisation Identified During Resource Drilling In North Carolina

NEW YORK, April 3, 2018 /PRNewswire/ —

  • Piedmont has received further high-grade assay results from a further 21 holes with all holes showing high grade mineralisation including:
    • 20.6m of cumulative thickness of mineralization (non-continuous) across 4 pegmatites which includes high grade intercepts of 14.6m @ 1.21% Li2O, 2.5m @ 1.38% Li2O and1.8m @1.37 Li2O in Hole 17-BD-160
    • 26.5m of cumulative thickness of mineralization (non-continuous) across 7 pegmatites which includes high grade intercepts of 6.0m @ 1.44% Li2O, 1.5m @ 2.15% Li2O and2.3m @1.16 Li2O in Hole 17-BD-162
    • 20.5m of cumulative thickness of mineralization (non-continuous) across 4 pegmatites which includes high grade intercepts of 10.0m @ 1.19% Li2O, 2.0m @ 1.53% Li2O and5.1m @1.22 Li2O in Hole 17-BD-144
    • 18.1m of cumulative thickness of mineralization (non-continuous) across 5 pegmatites which includes high grade intercepts of 8.1m @ 1.68% Li2O, 2.9m @ 1.40% Li2O and1.5m @1.32 Li2O in Hole 17-BD-151
  • Infill drilling is nearing completion and the Company is now looking forward to moving drill rigs to high priority exploration targets on its properties
  • Maiden resource continues to remain on-track for delivery by end of 2nd Quarter 2018

Piedmont Lithium Project Drill Location Figure Map

Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that the Company has received assay results from a further 21 holes from the current 20,000 meter 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 2nd Quarter 2018.

The results build upon the previous drilling completed on the property and continue to show similar high-grade mineralisation and pegmatite intercepts. The Company has six drill rigs on site and has completed 76 holes totalling just over 13,000 meters of its planned 20,000-meter Phase 3 program. Infill drilling is expected to be completed within the next few weeks and upon completion the Company will move to drilling high priority targets to assist in delineating further potential resources.  

Keith D. Phillips, President and Chief Executive Officer, said, “Infill drilling is going very well and resource modelling is ongoing.  We look forward to completing the infill work soon and then shifting to exploration drilling, leading ultimately to a maiden Mineral Resource estimate in June and a Scoping Study shortly thereafter.”

For further information, contact:

Keith D. Phillips

Anastasios (Taso) Arima

President & CEO

Executive Director

T: +1 973 809 0505

T: +1 347 899 1522

E: kphillips@piedmontlithium.com

E: tarima@piedmontlithium.com

Phase 2 Results and Discussion

The current Phase 3 drilling campaign is focused on infill drilling along the trends defined by the Phase 2 program. These 21 holes (holes 144 to 165, awaiting assays on hole 155) are part of the initial infill drilling required for the compilation of the maiden Mineral Resource estimate. These results (Appendix 1) are consistent with Phase 2 results and are currently being added to the geological model.

Approximately 13,000 meters of the 20,000-meter Phase 3 drilling program will be focused on infill drilling whereas the remaining meterage will test high priority exploration targets on the property, test the along strike and down dip extensions within the current drilling area, and test the potential of the newly acquired properties.  To date, 73 infill holes totalling just over 12,500 meters have been completed whereas 3 exploration holes for approximately 500 meters have been completed. The Company expects the completion of the infill drilling campaign in the coming weeks with emphasis switching to the exploration and wide spaced drilling portion of the Phase 3 program

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; OTC-Nasdaq Intl: PLLLY) holds a 100% interest in the Piedmont Lithium Project (“Project”) located within the world-class Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium between the 1950s and the 1990s.  The TSB has been described as one of the largest lithium provinces in the world and is located approximately 25 miles west of Charlotte, North Carolina.  It is a premier location to be developing and integrated lithium business based on its favourable geology, proven metallurgy and easy access to infrastructure, power, R&D centres for lithium and battery storage, major high-tech population centres and downstream lithium processing facilities.

The Project was originally explored by Lithium Corporation of America which eventually was acquired by FMC Corporation (“FMC”). FMC and Albemarle Corporation (“Albemarle“) both historically mined the lithium bearing spodumene pegmatites within the TSB and developed and continue to operate the two world-class lithium processing facilities in the region which were the first modern spodumene processing facilities in the western world. The Company is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region with the aim of developing a strategic, U.S. domestic source of lithium to supply the increasing electric vehicle and battery storage markets.

Piedmont, through its 100% owned U.S. subsidiary, Piedmont Lithium Inc., has entered into exclusive option agreements and land acquisition agreements with local landowners, which upon exercise, allow the Company to purchase (or in some cases long-term lease) approximately 1,200 acres of surface property and the associated mineral rights.

Forward Looking Statements

This announcement may include forward-looking statements. These forward-looking statements are based on Piedmont’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Piedmont, which could cause actual results to differ materially from such statements. Piedmont makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

Competent Persons Statement

The information in this announcement that relates to Exploration Results is based on, and fairly represents, information compiled or reviewed by Mr. Lamont Leatherman, a Competent Person who is a Registered Member of the ‘Society for Mining, Metallurgy and Exploration’, a ‘Recognized Professional Organization’ (RPO). Mr. Leatherman is a consultant to the Company. Mr. Leatherman has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Leatherman consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

 

Piedmont Lithium Project Long Section

Piedmont Lithium Project Cross Section

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SOURCE Piedmont Lithium Limited


Piedmont Lithium Files Registration Statement For Proposed U.S. Listing And Adds U.S. Based Independent Director

NEW YORK, March 18, 2018 /PRNewswire/ — Piedmont Lithium Limited (ASX: PLL; OTC – Nasdaq International: PLLLY)(“Piedmont” or “Company”) is pleased to announce that it has filed a registration statement on Form 20-F to register its ordinary shares with the United States Securities and Exchange Commission (“SEC”).  The registration statement remains subject to review by the SEC staff.  A Form 20-F, once declared effective by the SEC, allows certain non-U.S. issuers to register securities with the SEC pursuant to applicable U.S. securities laws.

Piedmont’s registration of ordinary shares, if approved, would allow American depositary shares (“ADSs”) representing ordinary shares to be listed on a national securities exchange in the United States. The Company has made an application to list the ADSs on the Nasdaq Capital Market (“Nasdaq”), with each ADS representing 100 ordinary shares of the Company.

The Company will maintain its existing listing of ordinary shares on the Australian Securities Exchange (“ASX”) under the symbol “PLL”.  A copy of the Form 20-F registration statement filed with the SEC is available on Piedmont’s website.

In addition, the Company is pleased to announce the appointment of Mr. Jorge M. Beristain to the Board of Directors as an Independent Non-Executive Director. Mr. Robert Behets has advised that he will step down from his Non-Executive Director position.

Mr. Beristain recently retired as Managing Director and Head of Deutsche Bank’s Americas Metals & Mining equity research, where he was consistently ranked by institutional investors as one of the top analysts in the United States. During his over 20-year career on Wall Street, Mr. Beristain has lived and worked in the United States, Latin America and Canada and has visited hundreds of industrial companies worldwide. He is a proven strategic thinker with extensive international experience in the valuation of mining projects and metals operations and downstream metal uses. Mr. Beristain holds a Bachelor of Commerce degree from the University of Alberta and is a Chartered Financial Analyst.

The appointment of Mr. Beristain and the resignation of Mr. Behets will be effective from the date that the ADSs are listed in the United States. As a result of being appointed as a Director, Mr. Beristain will receive 1,000,000 incentive options (500,000 exercisable at A$0.25 on or before 30 June 2020 and 500,000 exercisable at A$0.35 on or before 31 December 2020).

Keith D. Phillips, President and Chief Executive Officer, said, “Our proposed U.S. listing is an important milestone for Piedmont Lithium and is expected to create greater exposure among institutional and retail investors in the U.S. and internationally. We are also pleased to welcome Jorge to the Board and are confident that we will gain from his independent perspective and deep relationships within the institutional investor community. And on behalf of the Board, I would like to thank Robert for his valuable contributions to the Company.”

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

For further information, contact:  

Keith D. Phillips                          

Anastasios (Taso) Arima   

President & CEO                           

Executive Director          

T: +1 973 809 0505                        

T: +1 347 899 1522         

E: kphillips@piedmontlithium.com  

E:  tarima@piedmontlithium.com        

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; OTC-Nasdaq Intl: PLLLY) holds a 100% interest in the Piedmont Lithium Project (“Project”) located within the world-class Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium between the 1950s and the 1990s.  The TSB has been described as one of the largest lithium provinces in the world and is located approximately 25 miles west of Charlotte, North Carolina.  It is a premier location to be developing and integrated lithium business based on its favourable geology, proven metallurgy and easy access to infrastructure, power, R&D centres for lithium and battery storage, major high-tech population centres and downstream lithium processing facilities.

The Project was originally explored by Lithium Corporation of America which eventually was acquired by FMC Corporation (“FMC”). FMC and Albemarle Corporation (“Albemarle”) both historically mined the lithium bearing spodumene pegmatites within the TSB and developed and continue to operate the two world-class lithium processing facilities in the region which were the first modern spodumene processing facilities in the western world. The Company is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region with the aim of developing a strategic, U.S. domestic source of lithium to supply the increasing electric vehicle and battery storage markets.

Piedmont, through its 100% owned U.S. subsidiary, Piedmont Lithium Inc., has entered into exclusive option agreements and land acquisition agreements with local landowners, which upon exercise, allow the Company to purchase (or in some cases long-term lease) approximately 1,200 acres of surface property and the associated mineral rights.

Forward Looking Statements

This announcement may include forward-looking statements. These forward-looking statements are based on Piedmont’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Piedmont, which could cause actual results to differ materially from such statements. Piedmont makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

Competent Persons Statement

The information in this announcement that relates to Exploration Results is based on, and fairly represents, information compiled or reviewed by Mr. Lamont Leatherman, a Competent Person who is a Registered Member of the ‘Society for Mining, Metallurgy and Exploration’, a ‘Recognized Professional Organization’ (RPO). Mr. Leatherman is a consultant to the Company. Mr. Leatherman has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Leatherman consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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SOURCE Piedmont Lithium Limited


Piedmont Continues To Define High Grade Lithium Mineralisation In North Carolina

NEW YORK, March 14, 2018 /PRNewswire/ —

  • Piedmont has received further high-grade assay results including:
    • 22.4m of cumulative thickness of mineralization (non-continuous) across 4 pegmatites which includes high grade intercepts of 6.0m @ 1.39% Li2O and3.0m @ 1.59% Li2O in Hole 17-BD-83
    • 22.3mof cumulative thickness of mineralization (non-continuous) across 5 pegmatites which includes high grade intercepts of 8.3m @ 1.10% Li2O and5.9m @ 1.53% Li2O in Hole 17-BD-129
    • 21.3mof cumulative thickness of mineralization (non-continuous) across 6 pegmatites which includes high grade intercepts of 8.9m@ 1.32% Li2O and 4.0m @ 1.78% Li2O in Hole 17-BD-127
    • 19.8mof cumulative thickness of mineralization (non-continuous) across 6 pegmatites which includes high grade intercepts of 5.2m @ 1.79% Li2O and3.0m @ 1.57% Li2O in Hole 17-BD-131
    • 18.5m of cumulative thickness of mineralization (non-continuous) across 5 pegmatites which includes high grade intercepts of 3.5m @ 1.50% Li2O and3.1m @ 1.81% Li2O in Hole 17-BD-122
    • 16.5m of cumulative thickness of mineralization (non-continuous) across 3 pegmatites which includes high grade intercepts of 4.8m @ 1.45% Li2O and4.5m @ 1.87% Li2O in Hole 17-BD-94
  • Phase 3 drilling program is almost 50% complete with 6 drill rigs now on location
  • Over 30 holes are currently being assayed with results expected in April
  • Maiden resource in on-track for delivery by end of 2nd Quarter 2018
  • Results continue to highlight the potential for the Company build a strategic low cost integrated lithium operation in the US

Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that the Company continues to define high grade lithium mineralisation from its properties in the Carolina Tin-Spodumene Belt (“TSB“) in North Carolina, United States.  The Company has received the assay results from the final 17 holes from the Phase 2 campaign and the first 21 holes from the current Phase 3 drilling campaign.

The results build upon the previous drilling completed on the property and continue to show similar high-grade mineralisation and pegmatite intercepts. The Company has six drill rigs on site and has completed 52 holes totalling just over 9,000 meters of its planned 20,000 Phase 3 program. The Company is on schedule to release its maiden JORC compliant resource estimate by the end of the 2nd Quarter 2018.

Keith D. Phillips, President and Chief Executive Officer, said, “These infill drill results are consistent with our expectations, and with six rigs on property we look forward to a steady stream of drilling news over the next several weeks, leading ultimately to a maiden Resource estimate in June and a Scoping Study shortly thereafter.”

Piedmont Lithium Project Drill Location Map and Long Section

Piedmont Lithium Project Drill Location Map and Long Section

 

For further information, contact:

Keith D. Phillips

Anastasios (Taso) Arima

President & CEO 

Executive Director

T: +1 973 809 0505 

T: +1 347 899 1522

E: kphillips@piedmontlithium.com  

E: tarima@piedmontlithium.com

 

Phase 2 Results and Discussion

The release of the final 17 holes of the Phase 2 campaign which were completed last year continue to show similar high-grade intercepts, as was expected by the Company’s geologists and consultants. These results continue to define mineralization along the four kilometers of strike length within the property, where over 30 spodumene pegmatites have been identified.

The current Phase 3 drilling campaign is focused on infill drilling along the trends defined by the Phase 2 program. These 21 holes (holes 123 to 143) are part of the initial infill drilling required for the compilation of the maiden JORC code compliant resource estimate. These results are consistent with Phase 2 results and are currently being added to the geological model.

Piedmont Lithium Project Cross Section

Approximately 13,000m of the 20,000m Phase 3 drilling program will be focused on infill drilling whereas the remaining meterage will test high priority exploration targets on the property, test the along strike and down dip extensions within the current drilling area, and test the potential of the newly acquired properties. The Company is highly encouraged by initial surface mapping and rock chip sampling within these properties and is looking forward to drill testing the targets defined.

The results from last year’s and the current drilling campaign continue to give the Company confidence in being able to define a shallow, surface mineable resource which is strategically located within the historical lithium mining and processing region of the USA. The Company is confident in the ability to release its maiden Mineral Resource estimate in accordance with JORC by the end of the 2nd Quarter 2018 and follow with an integrated Scoping Study in the 3rd Quarter 2018.

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; OTC-Nasdaq Intl: PLLLY) holds a 100% interest in the Piedmont Lithium Project (“Project”) located within the world-class Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium between the 1950s and the 1990s.  The TSB has been described as one of the largest lithium provinces in the world and is located approximately 25 miles west of Charlotte, North Carolina.  It is a premier location to be developing and integrated lithium business based on its favourable geology, proven metallurgy and easy access to infrastructure, power, R&D centres for lithium and battery storage, major high-tech population centres and downstream lithium processing facilities.

The Project was originally explored by Lithium Corporation of America which eventually was acquired by FMC Corporation (“FMC”). FMC and Albemarle Corporation (“Albemarle“) both historically mined the lithium bearing spodumene pegmatites within the TSB and developed and continue to operate the two world-class lithium processing facilities in the region which were the first modern spodumene processing facilities in the western world. The Company is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region with the aim of developing a strategic, U.S. domestic source of lithium to supply the increasing electric vehicle and battery storage markets.

Piedmont, through its 100% owned U.S. subsidiary, Piedmont Lithium Inc., has entered into exclusive option agreements and land acquisition agreements with local landowners, which upon exercise, allow the Company to purchase (or in some cases long-term lease) approximately 1,199 acres of surface property and the associated mineral rights.

Forward Looking Statements

This announcement may include forward-looking statements. These forward-looking statements are based on Piedmont’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Piedmont, which could cause actual results to differ materially from such statements. Piedmont makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

Competent Persons Statement

The information in this announcement that relates to Exploration Results is based on, and fairly represents, information compiled or reviewed by Mr. Lamont Leatherman, a Competent Person who is a Registered Member of the ‘Society for Mining, Metallurgy and Exploration’, a ‘Recognized Professional Organization’ (RPO). Mr. Leatherman is a consultant to the Company. Mr. Leatherman has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Leatherman consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.


 

 

 

Appendix 1: Summary of Core Drill Hole Intersections

Hole ID

Easting

Northing

Elev.
(m)

Az.
(o)

Dip
(o)

Depth
(m)

From
(m)

To
(m)

Intercept
(m)

Li2O
(%)

17-BD-83

474186.3

3915614

258.3

300

-55

185.98

29.15

30.23

1.08

1.89

and

45.73

51.69

5.96

1.39

and

124.07

127.54

3.47

1.29

and

159.79

171.70

11.91

1.08

including

159.79

162.79

3.00

1.59

including

167.39

170.39

3.00

1.47

17-BD-85

474043.4

3916471

235.2

317

-48

83

24.35

27.68

3.33

1.54

and

29.85

35.31

5.46

0.52

17-BD-86

474117.2

3915431

264.2

297

-54.5

114.3

64.15

65.43

1.28

1.43

and

83.14

86.27

3.13

1.58

17-BD-94

473779.1

3916477

259.167

305

-54.3

121.92

65.48

67.70

2.22

1.67

and

73.81

78.62

4.81

1.45

and

106.35

115.19

9.50

1.23

including

110.74

115.19

4.45

1.87

17-BD-96

473383.2

3916335

259.299

302

-54

79.25

27.69

30.69

3

0.58

and

41.06

42.14

1.08

1.05

17-BD-109

473442.7

3915655

264.086

307

-56.3

111.89

No Significant Intercepts

17-BD-112

473641.5

3916239

255.302

302

-55.2

170.69

23.08

25.96

2.88

0.62

and

38.36

41.01

2.65

1.32

and

108.93

112.54

3.61

1.56

and

137.20

141.63

4.43

0.73

17-BD-113

473657.3

3915968

256.599

339

-54.5

74.98

26.21

29.55

3.34

1.16

and

46.12

51.60

5.39

1.38

17-BD-114

3915968

473658.4

256.75

346

-53.7

83.54

19.87

24.32

4.45

1.50

and

30.69

32.27

1.56

1.24

amd

46.45

48.55

2.10

0.81

17-BD-115

3916742

474220.5

240.109

311

-55

194.63

3.43

4.67

1.24

1.15

and

26.76

29.66

2.90

1.13

and

80.23

82.53

2.30

1.76

and

115.46

117.12

1.66

1.01

and

131.98

133.78

1.80

1.17

and

154.39

159.39

5.00

1.41

17-BD-116

3915995

473691.1

248.906

342

-53.9

107.62

42.60

47.70

5.10

1.59

including

42.60

44.19

1.59

2.26

including

45.19

47.70

2.51

1.80

17-BD-117

3916816

474188.7

248.494

311

-56.9

158.5

50.18

52.67

2.49

1.19

and

59.87

61.38

1.96

1.41

and

63.70

65.70

2.00

0.54

and

69.53

70.83

1.30

1.71

and

80.91

82.50

1.59

1.11

and

93.22

95.35

2.13

0.48

and

121.94

123.36

1.42

2.03

17-BD-118

3916021

473471

237.378

304

-69.8

166.73

19.32

22.14

2.82

1.34

and

29.37

33.90

4.53

1.05

including

30.52

32.69

2.17

1.56

and

53.04

56.59

3.55

0.73

and

114.45

116.33

1.88

1.40

and

128.42

131.30

2.88

1.60

17-BD-119

3916183

473700.8

242.066

303

-69

240.79

36.54

37.32

1.78

1.04

and

59.6

62.15

2.55

0.95

17-BD-120

3916007

473417.4

234.255

301

-70.7

166.73

7.62

11.96

4.34

1.16

and

24.46

26.04

1.58

0.62

and

58.47

60.24

1.77

0.84

and

107.50

111.17

3.67

1.22

and

115.19

116.21

1.02

1.93

and

141.15

144.05

2.90

1.18

17-BD-121

3916171

473550

242.725

308

-75.2

169.77

33.48

35.66

2.18

1.29

and

53.33

55.50

2.17

0.80

and

98.96

102.79

3.83

1.07

and

114.91

118.41

3.5

1.23

17-BD-122

3916027

473393.2

238.138

308

-54

151.18

6.10

9.14

3.04

1.35

and

23.51

24.54

1.03

1.03

and

45.33

47.33

2.00

0.78

and

65.26

74.69

9.43

1.30

including

66.51

70.00

3.49

1.50

including

71.55

74.69

3.14

1.81

and

87.66

90.68

3.02

1.35

17-BD-123

473595.3

3916544

262.233

295

-54.6

120.4

74.21

78.79

4.58

1.26

and

109.61

113.30

3.69

1.00

17-BD-124

473491.7

3916419.95

256.543

299

-49

90

52.24

55.26

3.02

0.88

and

58.88

62.00

3.21

1.26

17-BD-125

473628.371

3916475.88

266.036

287

-48.9

162.76

113.62

117.09

3.47

0.77

and

122.99

126.41

3.42

1.32

17-BD-126

473565.288

3916427.73

259.991

299

-60

158

55.53

57.00

1.47

1.04

 

117.75

121.26

3.51

1.04

17-BD-127

473660.681

3916419.09

258.285

302

-50

193.6

and

61.14

62.15

1.01

1.52

and

69.96

78.86

8.90

1.34

including

70.88

76.88

6.00

1.57

And

151.67

153.33

1.66

1.13

And

166.12

170.17

4.05

1.78

And

181.06

184.40

3.34

0.90

and

188.02

190.32

2.30

0.90

17-BD-128

473553.892

3916385.26

256.128

304

-49

159

27.00

38.82

11.82

0.84

including

27.00

31.00

4.00

1.02

And

108.22

112.75

4.53

1.20

And

119.68

120.94

1.26

1.83

17-BD-129

473604.5

3916357.03

254.348

300

-50.5

204.22

71.40

79.66

8.26

1.10

including

76.60

79.66

3.06

1.44

and

129.88

131.04

1.16

1.22

and

144.25

145.36

1.11

1.54

and

157.81

166.45

8.64

1.02

including

157.81

163.10

5.29

1.53

and

177.00

180.13

3.13

1.31

18-BD-130

473524.057

3916354.74

258.733

297

-50.8

143

28.76

32.70

3.94

1.26

And

118.95

123.82

4.87

1.46

And

128.94

130.04

1.10

1.44

and

134.25

136.25

2.00

1.17

18-BD-131

473676.948

3916446.33

260.138

302

-54.3

224.03

47.11

50.10

2.99

1.57

And

68.06

73.25

5.19

1.79

And

114.90

117.95

3.05

0.96

And

151.40

153.22

1.82

1.72

And

181.06

183.53

2.47

1.11

and

200.53

204.85

4.32

1.07

18-BD-132

473557.044

3916337.06

252.764

300

-54.7

191.11

49.85

58.54

8.69

.95

 

including

55.85

57.85

2.00

1.48

and

145.07

149.66

4.59

1.17

18-BD-133

473423.297

3916371.17

255.788

303

-58.3

80

49.83

51.73

1.90

1.09

18-BD-134

473701.977

3916394.29

257.881

300

-59.3

240

102.35

105.77

3.42

1.41

and

224.53

233.18

8.65

0.91

including

230.10

232.10

2.00

1.23

18-BD-135

474068.978

3916793.77

244.345

311

-47.6

100

23.80

25.15

1.35

1.14

and

29.75

38.53

8.78

1.48

including

30.05

31.05

1.00

3.56

and

53.68

57.22

3.54

1.77

18-BD-136

473462.509

3916563.03

262.913

303

-54

141.71

No Significant Intercepts

18-BD-137

473511.948

3916325.59

251.474

303

-51.8

178.5

33.07

40.25

7.18

1.07

including

33.07

35.58

2.51

1.66

and

125.39

127.29

1.90

1.27

168.56

169.88

1.32

1.16

18-BD-138

474117.082

3916744.6

250.31

317.5

-54.3

250

47.45

48.65

1.20

1.38

 

and

82.72

84.48

1.76

1.38

and

89.75

91.32

1.57

1.52

and

95.25

99.7

4.45

0.86

and

107.76

109.95

2.19

1.11

and

171.28

172.78

1.50

1.40

18-BD-139

473710.658

3916341.35

259.529

297

-54.8

181.36

139.55

146.86

7.31

0.79

18-BD-140

473542.155

3916292.59

255.787

302

-53.5

232.5

142.97

145.16

2.19

1.37

and

156.55

164.28

7.73

0.51

18-BD-141

473356.38

3916224.64

255.251

299

-55

110

57.77

66.50

8.73

0.82

including

61.77

65.77

4.00

1.00

18-BD-142

474100.598

3916703.93

241.752

307.1

-54.4

163

101.91

106.53

4.62

1.84

and

118.60

120.11

1.51

1.10

and

122.91

125.42

2.51

1.53

18-BD-143

473372.454

3916294.4

254.67

298

-56.2

117

32.91

34.25

1.34

1.05

and

35.16

37.19

2.03

1.46

and

51.35

54.39

3.04

0.90

 


 

 

Appendix 2: JORC Table 1 Checklist of Assessment and Reporting Criteria

Section 1 Sampling Techniques and Data

Criteria

JORC Code explanation

Commentary

Sampling techniques

Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as downhole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.

Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.

All results reported are from diamond core samples. The core was sawn at an orientation not influenced by the distribution of mineralization within the drill core (i.e. bisecting mineralized veins or cut perpendicular to a fabric in the rock that is independent of mineralization, such as foliation). Diamond drilling provided continuous core which allowed continuous sampling of mineralized zones.  The core sample intervals were a minimum of 0.35m and a maximum of 1.5m for HQ or NQ drill core (except in saprolitic areas of poor recovery where sample intervals may exceed 1.5m in length) and took into account lithological boundaries (i.e. sample was to, and not across, major contacts).

Standards and blanks were inserted into the sample stream to assess the accuracy, precision and methodology of the external laboratories used. In addition, field duplicate samples were inserted to assess the variability of the mineralisation., The laboratories undertake their own duplicate sampling as part of their internal QA/QC processes. Examination of the QA/QC sample data indicates satisfactory performance of field sampling protocols and assay laboratories providing acceptable levels of precision and accuracy.

 

Drilling techniques

Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).

All diamond drill holes were collared with HQ and were transitioned to NQ once non-weathered and unoxidized bedrock was encountered.  Drill core was recovered from surface.

Oriented core was collected on select drill holes using the REFLEX ACT III tool by a qualified geologist at the drill rig. The orientation data is currently being evaluated.

Drill sample recovery

Method of recording and assessing core and chip sample recoveries and results assessed.

Measures taken to maximise sample recovery and ensure representative nature of the samples.

Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

The core was transported from the drill site to the logging facility in covered boxes with the utmost care. Once at the logging facility, the following procedures were carried out on the core:

1.      Re-aligning the broken core in its original position as closely as possible.

2.      The length of recovered core was measured, and meter marks clearly placed on the core to indicate depth to the nearest centimetre.

3.      The length of core recovered was used to determine the core recovery, which is the length of core recovered divided by the interval drilled (as indicated by the footage marks which was converted to meter marks), expressed as a percentage. This data was recorded in the database. The core was photographed wet before logged.

4.      The core was photographed again immediately before sampling with the sample numbers visible.

Sample recovery was consistently good except for zones within the oxidized clay and saprolite zones.  These zones were generally within the top 20m of the hole.  No relationship is recognized between recovery and grade.  The drill holes were designed to intersect the targeted pegmatite below the oxidized zone.

Logging

Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.

The total length and percentage of the relevant intersections logged.

Geologically, data was collected in detail, sufficient to aid in Mineral Resource estimation.

Core logging consisted of marking the core, describing lithologies, geologic features, percentage of spodumene and structural features measured to core axis.

The core was photographed wet before logging and again immediately before sampling with the sample numbers visible.

All the core from the holes reported were logged.

Sub-sampling techniques and sample preparation

If core, whether cut or sawn and whether quarter, half or all core taken.

If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.

For all sample types, the nature, quality and appropriateness of the sample preparation technique.

Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain size of the material being sampled.

Core was cut in half with a diamond saw.

Standard sample intervals were a minimum of 0.35m and a maximum of 1.5m for HQ or NQ drill core, taking into account lithological boundaries (i.e. sample to, and not across, major contacts).

The preparation code is CRU21 (crush to 75% of sample <2mm) and PUL45 (pulverize 250g to 85% <75 microns).

A CRM or coarse blank was included at the rate of one for every 20 drill core samples (i.e. 5%).

Sampling precision is monitored by selecting a sample interval likely to be mineralized and splitting the sample into two ¼ core duplicate samples over the same sample interval. These samples are consecutively numbered after the primary sample and recorded in the sample database as “field duplicates” and the primary sample number recorded. Field duplicates were collected at the rate of 1 in 20 samples when sampling mineralized drill core intervals

Samples were numbered sequentially with no duplicates and no missing numbers. Triple tag books using 9-digit numbers were used, with one tag inserted into the sample bag and one tag stapled or otherwise affixed into the core tray at the interval the sample was collected. Samples were placed inside pre-numbered sample bags with numbers coinciding to the sample tag. Quality control (QC) samples, consisting of certified reference materials (CRMs), were given sample numbers within the sample stream so that they are masked from the laboratory after sample preparation and to avoid any duplication of sample numbers.

Quality of assay data and laboratory tests

 

 

The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.

 

 

 

All samples from the Phase II and Phase III drilling were shipped to the SGS laboratory in Lakefield, Ontario.

The preparation code was CRU21 (crush to 75% of sample <2mm) and PUL45 (pulverize 250g to 85% <75 microns).

The analyses code was GE ICM40B (multi-acid digestion with either an ICP-ES or ICP-MS finish), which has a range for Li of 1 to 10,000 (1%) ppm Li.

The over-range method code for Li >5,000 ppm is GE ICP90A, which uses a peroxide fusion with an ICP finish, and has lower and upper detection limits of 0.001 and 5% respectively.

Starting in August 2017, samples were switched to being analysed using GE ICP90A Li only and then to GE ICP91A Li only.

Bulk Densities are collected from drill holes (one host rock and one mineralized rock) using analyses code GPHY04V.

Phase I samples were shipped to the Bureau Veritas minerals laboratory in Reno, Nevada.

The preparation code was PRP70-250 (crush to 70% of sample <2mm, pulverize 250g to 85% <75 microns).

The analysis code was MA270 (multi-acid digestion with either an ICP-ES or ICP-MS finish), which has a range for Li of 0.5 to 10,000 ppm (1%) Li. This digestion provides only partial analyses for many elements in refractory minerals, including Ta and Nb. It does not include analyses for Cs.

The over-range method code for Li>10,000 ppm is PF370, which uses a peroxide fusion with an ICP-ES finish and has lower and upper detection limits of 0.001 and 50%, respectively. The laboratory was instructed to implement the over-range method in all samples that exceed 5,000 ppm Li to allow for poor data precision near the upper limit of detection using MA270.

Historical samples (holes 09-BD-01 through 10-BD-19) were submitted to ALS Vancouver for analysis.

Accuracy monitoring was achieved through submission and monitoring of certified reference materials (CRMs).

Sample numbering and the inclusion of CRMs was the responsibility of the project geologist submitting the samples. A CRM or coarse blank was included at the rate of one for every 20 drill core samples (i.e. 5%).

The CRMs used for this program were supplied by Geostats Pty Ltd of Perth, Western Australia.  Details of the CRMs are provided below. A sequence of these CRMs covering a range in Li values and, including blanks, were submitted to the laboratory along with all dispatched samples so as to ensure each run of 100 samples contains the full range of control materials. The CRMs were submitted as “blind” control samples not identifiable by the laboratory.

Details of CRMs used in the drill program (all values ppm):

CRM

Manufacturer

Lithium

1 Std Dev

GTA-01

Geostats

3132

129

GTA-02

Geostats

1715

64

GTA-03

Geostats

7782

175

GTA-04

Geostats

9275

213

GTA-06

Geostats

7843

126

GTA-09

Geostats

4837

174

Sampling precision was monitored by selecting a sample interval likely to be mineralized and splitting the sample into two ¼ core duplicate samples over the same sample interval. These samples were consecutively numbered after the primary sample and recorded in the sample database as “field duplicates” and the primary sample number recorded. Field duplicates were collected at the rate of 1 in 20 samples when sampling mineralized drill core intervals. Random sampling precision was monitored by splitting samples at the sample crushing stage (coarse crush duplicate) and at the final sub-sampling stage for analysis (pulp duplicates).  The coarse, jaw-crushed, reject material was split into two preparation duplicates, sometimes referred to as second cuts, crusher or preparation duplicates, which were then pulverized and analysed separately. These duplicate samples were selected randomly by the laboratory. Analytical precision was also monitored using pulp duplicates, sometimes referred to as replicates or repeats. Data from all three types of duplicate analyses was used to constrain sampling variance at different stages of the sampling and preparation process.

Examination of the QA/QC sample data indicates satisfactory performance of field sampling protocols and assay laboratories providing acceptable levels of precision and accuracy.

Verification of sampling and assaying

The verification of significant intersections by either independent or alternative company personnel.

The use of twinned holes.

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

Discuss any adjustment to assay data.

Multiple representatives of Piedmont Lithium, Inc. have inspected and verified the results.

CSA has conducted multiple site visits. Dennis Arne (Managing Director -Principal Consultant) toured the site, facilities and reviewed core logging and sampling workflow as well as Leon McGarry (Senior Resource Geologist). Each provided comments on how to improve our methods and have been addressed. Verification core samples were collected by Leon McGarry with assays pending.

No holes were twinned.

Ten-foot rods and core barrels were used, the core was converted from feet to meters.  Li% was converted to Li2O by multiplying Li% by 2.153.

Location of data points

Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

Drill collars were located with the Trimble Geo 7 which resulted in accuracies <1m.

All coordinates were collected in State Plane and re-projected to Nad83 zone17 in which they are reported.

Drill hole surveying was performed on each hole using a REFLEX EZ-Trac multi-shot instrument. Readings were taken approx. every 15 meters (50 feet) and recorded depth, azimuth, and inclination.

Data spacing and distribution

Data spacing for reporting of Exploration Results.

Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

Whether sample compositing has been applied.

For selected areas, the drill spacing is approximately 40 to 80 m along strike and down dip.  This spacing is sufficient to establish continuity in geology and grade for this pegmatite system.

Composite samples are reported in Li2O%, this is calculated by multiplying drill length by Li2O for each sample; then the weighted averages for multiple samples are totalled and divided by the total drill length for the selected samples

 

Orientation of data in relation to geological structure

Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

The pegmatite dikes targeted trend northeast and dip to the southeast, drillholes were designed, oriented to the northwest with inclinations ranging from -45 to -80 degrees, to best intersect the tabular pegmatite bodies as close to perpendicularly as possible.

Sample security

The measures taken to ensure sample security.

Drill core samples were shipped directly from the field by the project geologist in sealed rice bags or similar containers using a reputable transport company with shipment tracking capability so that a chain of custody can be maintained.  Each bag was sealed with a security strap with a unique security number. The containers were locked in a shed if they were stored overnight at any point during transit, including at the drill site prior to shipping. The laboratory confirmed the integrity of the rice bag seals upon receipt

Audits or reviews

The results of any audits or reviews of sampling techniques and data.

CSA Global developed a “Standard Operating Procedures” manual in preparation for the drilling program.  CSA global reviews all logging and assay data, as well as merges all data in to database that is held off site.

CSA has conducted multiple site visits. Dennis Arne (Managing Director -Principal Consultant) toured the site and facilities as well as Leon McGarry (Senior Resource Geologist). Each provided comments on how to improve our methods and have been addressed. Verification core samples were collected by Leon McGarry.

 

 

 

Section 2 Reporting of Exploration Results

Criteria

JORC Code explanation

Commentary

Mineral tenement and land tenure status

>       Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

>       The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

Piedmont, through its 100% owned subsidiary, Piedmont Lithium, Inc., has entered into exclusive option agreements with local landowners, which upon exercise, allows the Company to purchase (or long term lease) approximately 1200 acres of surface property and the associated mineral rights from the local landowners.

There are no known historical sites, wilderness or national parks located within the Project area and there are no known impediments to obtaining a licence to operate in this area.

Exploration done by other parties

>       Acknowledgment and appraisal of exploration by other parties.

The Project is focused over an area that has been explored for lithium dating back to the 1950’s where it was originally explored by Lithium Corporation of America which was subsequently acquired by FMC Corporation. Most recently, North Arrow explored the Project in 2009 and 2010.  North Arrow conducted surface sampling, field mapping, a ground magnetic survey and two diamond drilling programs for a total of 19 holes. Piedmont Lithium, Inc. has obtained North Arrow’s exploration data.

Geology

>       Deposit type, geological setting and style of mineralisation.

Spodumene pegmatites, located near the litho tectonic boundary between the inner Piedmont and Kings Mountain belt.  The mineralization is thought to be concurrent and cross-cutting dike swarms extending from the Cherryville granite, as the dikes progressed further from their sources, they became increasingly enriched in incompatible elements such as Li, tin (Sn).  The dikes are considered to be unzoned.

 

Drill hole Information

>       A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

>       easting and northing of the drill hole collar

>       elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar

>       dip and azimuth of the hole

>       down hole length and interception depth

>       hole length.

>       If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

Details of all reported drill holes are provided in Appendix 1 of this report.

 

Data aggregation methods

>       In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.

>       Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

>       The assumptions used for any reporting of metal equivalent values should be clearly stated.

All intercepts reported are for down hole thickness not true thickness.

Weighted averaging was used in preparing the intercepts reported.

The drill intercepts were calculated by adding the weighted value (drill length x assay) for each sample across the entire pegmatite divided by the total drill thickness of the pegmatite. For each mineralized pegmatite, all assays were used in the composite calculations with no upper or lower cut-offs.  Mineralized pegmatite is defined as spodumene bearing pegmatite.

Intercepts were reported for entire pegmatites, taking into account lithological boundaries (i.e. sample to, and not across, major contacts), with additional high-grade sub intervals reported from the same pegmatite. In the case where thin wall rock intervals were included, a value of 0% Li2O was inserted for the assay value, thus giving that individual sample a weighted value of 0% Li2O.

Cumulative thicknesses are reported for select drill holes. These cumulative thicknesses do not represent continuous mineralized intercepts. The cumulative thickness for a drill hole is calculated by adding the drill widths of two or more mineralized pegmatites encountered in the drill hole, all other intervals are omitted from the calculation.

Li% was converted to Li2O% by multiplying Li% by 2.153.

Relationship between mineralisation widths and intercept lengths

>       These relationships are particularly important in the reporting of Exploration Results.

>       If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

>       If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).

Drill intercepts are reported as Li2O% over the drill length, not true thickness.  The pegmatites targeted strike northeast-southwest and dip moderately to the southeast.  All holes were drilled to the northwest and with inclinations ranging between -45 and -80

Diagrams

>       Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

Appropriate diagrams, including a drill plan map and cross-section, are included in the main body of this report.

Balanced reporting

>       Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

All of the relevant exploration data for the Exploration Results and available at this time has been provided in this report.

Other substantive exploration data

>       Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

Eleven thin section samples were collected and submitted to Vancouver Petrographic for preparation, mineral identification and description.  The Petrographic report identifies the primary mineralogy as quartz, plagioclase (albite), clinopyroxene (spodumene), K-spar and white mica.  Variable amounts of alteration were identified in the pegmatite samples.  One sample of the host rock was submitted and identified as a metadiorite.

Thirteen samples from the Phase 1 drilling have been analysed by Semi Quantitative XRD (ME-LR-MIN-MET-MN-DO3) by SGS Mineral Services.  Within all thirteen samples, spodumene was identified.  Spodumene ranged between 5 and 38.6 wt%.  The primary mineralogy of the pegmatite was identified as quartz, albite, spodumene, microcline and muscovite.

Bulk Densities are collected from each of the Phase II drill holes (one host rock and one mineralized rock) using analyses code GPHY04V.

Composite samples of ore intercepts from the Phase 1 drilling have been submitted to North Carolina State Minerals Research Lab for bench scale spodumene concentrate testing.   Results pending.

Further work

>       The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).

>       Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

The Phase II drilling program consisted of 93 holes totalling 12,262m has been completed.  After evaluation of all of the Phase II data Piedmont decided to conduct additional Phase III drilling to define the Company’s maiden Mineral Resource estimate in 2018.

 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/piedmont-continues-to-define-high-grade-lithium-mineralisation-in-north-carolina-300614360.html

SOURCE Piedmont Lithium Limited


Piedmont Lithium Continues To Expand Its First Mover Land Position In North Carolina, USA

NEW YORK, March 5, 2018 /PRNewswire/ —

  • Piedmont increases land position by 10%, raising total acreage to ~1,200 acres
     
  • New properties are on the Carolina Tin-Spodumene Belt and ~1 mile south of core property
           
  • Grab samples identify multiple high-grade lithium bearing pegmatites including:
        
    • 2.89% Li2O
    • 2.58% Li2O
    • 2.20% Li2
            
  • Drilling of high priority targets is expected to commence in Q2 2018, immediately after infill drilling for the maiden Mineral Resource has been completed on the core land package
         
  • The Company continues discussions with multiple land owners in the region with the potential to add significantly to its land position in the belt over 2018
           
  • Current drilling campaign is advancing well with over 6,000 meters completed (of a 20,000-meter total) and initial results to be announced over the coming weeks

Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that the Company has secured an additional 107 acres of within the historic and world-class Carolina Tin-Spodumene Belt (“TSB”). This increases the Company’s total land holdings to 1,199 acres and, more importantly, consolidates a further 137-acre land position just south of the Company’s core land package where five rigs are currently drilling.

Piedmont continues to make significant progress on its 20,000-meter drilling campaign, with the first 13,000 meters committed to infill drilling to define the maiden Mineral Resource estimate. On completion of the infill drilling the management team expects to move one or more of the five rigs to the newly acquired properties to test the high priority drill targets. The Company will make an announcement on the progress of the current drilling campaign and future drill targets over the course of this quarter.

Keith D. Phillips, President and Chief Executive Officer, said, “The addition of a third large contiguous land block is highly strategic, particularly given the new property’s location on-trend and midway between our current core land package and the historic Hallman-Beam mine, one of the world’s largest sources of lithium from the 1950s to the 1990s.  Our geologists are excited about the prospects on the new land, and we are optimistic that our strategy of TSB land consolidation will position us to develop a large, long-lived integrated lithium project.”

The Company expects to continue to add to its land position in the TSB during the course of 2018 with management in discussions with multiple land owners in the region to secure additional mineralised land holdings.

Piedmont Lithium New Land Holdings

 

Spodumene Bearing Pegmatite Trends on New Properties

The largest property added is located approximately 1 mile south-southeast of the core land package.  This property is contiguous to a pre-existing Piedmont land holding and consolidates this area into a 137-acre position which appears to host high-grade multi zoned mineralization.

Eleven grab samples have been collected from the numerous sub-crop and float blocks on the property with nine of the samples returning high-grade lithium, with the most impressive results including 2.89% Li2O, 2.58% Li2O, and 2.20% Li2O (refer to Appendix 1 for further details).

Initial interpretations suggest at least three individual northeast trending zones of mineralization.  One zone is traceable for over 200 meters along strike. The spodumene occurs in fine to coarse grained pegmatite, locally spodumene crystals are in excess of 10 cm in length.

Piedmont, through its 100% owned U.S. subsidiary, Piedmont Lithium Inc., has entered into exclusive option agreements and land acquisition agreements with local landowners, which upon exercise, allows the Company to purchase (or in some cases long-term lease) 1,199 acres of surface property and the associated mineral rights from the local landowners. The new properties being the subject of this announcement total 107 acres, of which 9 acres have been acquired under land acquisition agreements and 98 acres have been optioned under land option agreements, on substantially the same terms as the Company’s existing land option agreements.

For further information, contact:

Keith D. Phillips

Anastasios (Taso) Arima

President & CEO

 Executive Director

T: +1 973 809 0505

T: +1 347 899 1522

E: kphillips@piedmontlithium.com 

E:  tarima@piedmontlithium.com

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SOURCE Piedmont Lithium Limited


Piedmont Lithium Expands Land Position

-Piedmont increases land position at its Piedmont Lithium Project by 20% to a total of 1,092 acres
-Agreement to purchase 188 acres within the Carolina Tin-Spodumene Belt, the historic home of world lithium production from the 1950s to the 1990s
-Builds a contiguous 245-acre tract due south of FMC’s past-producing Hallman-Beam mine
-Piedmont plans to accelerate its land consolidation strategy throughout 2018

NEW YORK, Jan. 31, 2018 /PRNewswire/ — Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that the Company has increased its lithium mineral rights by 188 acres through a strategic land acquisition agreement signed with local landowners in the Carolina Tin-Spodumene Belt (“TSB“) in North Carolina, United States.  The new acreage adjoins a 57-acre parcel already under option by Piedmont, creating a large 245-acre contiguous land package in close proximity to the past-producing Hallman-Beam mine and within four miles of the Company’s current Phase 3 drilling program.

Piedmont Lithium Project Land Holdings

During initial prospecting, areas of multiple spodumene bearing float blocks were identified on the new property, and grab samples have been collected and submitted to the lab for analysis.  Prospecting and soil sampling will commence in the near future in order to identify high priority drill targets.

The Piedmont Lithium Project now encompasses approximately 1,092 acres within the TSB, representing a 20.7% increase in the Company’s land holding as previously announced to the Australian Securities Exchange (“ASX”). Piedmont’s strategy is to consolidate land in the region between its newly optioned and historical landholdings in order to support the large and long-lived integrated lithium project the Company intends to develop.

Keith D. Phillips, President and Chief Executive Officer, said, “This land acquisition is highly-strategic because the property is located on-trend and immediately south of the historic Hallman-Beam mine, one of the world’s largest sources of lithium from the 1950s to the 1990s.  In combination with 57 adjacent acres we already control, we now have a 245-acre package which could serve as a second core mining area for the Company, possibly enabling us to significantly increase the size of our lithium project. Our geologists are excited about the prospects on the new land and will be designing a drill program in the near future.”

For further information, contact:

Keith D. Phillips

Anastasios (Taso) Arima

President & CEO

Executive Director

T: +1 973 809 0505

T: +1 347 899 1522

E: keith@piedmontlithium.com

E: taso@piedmontlithium.com

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; OTC-Nasdaq: PLLLY) holds a 100% interest in the Piedmont Lithium Project (“Project”) located within the world-class Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium between the 1950s and the 1990s.  The TSB has been described as one of the largest lithium provinces in the world and is located approximately 25 miles west of Charlotte, North Carolina.  It is a premier location to be developing and integrated lithium business based on its favourable geology, proven metallurgy and easy access to infrastructure, power, R&D centres for lithium and battery storage, major high-tech population centres and downstream lithium processing facilities.

The Project was originally explored by Lithium Corporation of America which eventually was acquired by FMC Corporation (“FMC”). FMC and Albemarle Corporation (“Albemarle“) both historically mined the lithium bearing spodumene pegmatites within the TSB and developed and continue to operate the two world-class lithium processing facilities in the region which were the first modern spodumene processing facilities in the western world. The Company is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region with the aim of developing a strategic, U.S. domestic source of lithium to supply the increasing electric vehicle and battery storage markets.

Piedmont, through its 100% owned U.S. subsidiary, Piedmont Lithium Inc., has entered into exclusive option agreements and land acquisition agreements with local landowners, which upon exercise, allow the Company to purchase (or in some cases long-term lease) approximately 1,092 acres of surface property and the associated mineral rights.

Forward Looking Statements

This announcement may include forward-looking statements. These forward-looking statements are based on Piedmont’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Piedmont, which could cause actual results to differ materially from such statements. Piedmont makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

Competent Persons Statement

The information in this announcement that relates to Exploration Results is based on, and fairly represents, information compiled or reviewed by Mr. Lamont Leatherman, a Competent Person who is a Registered Member of the ‘Society for Mining, Metallurgy and Exploration’, a ‘Recognized Professional Organization’ (RPO). Mr. Leatherman is a consultant to the Company. Mr. Leatherman has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Leatherman consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Piedmont Lithium Project Option and Purchase Agreements

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SOURCE Piedmont Lithium Limited


Piedmont Lithium to Present at NobleCon 14th Annual Institutional Investor Conference

NEW YORK, Jan. 26, 2018 /PRNewswire/ — Piedmont Lithium Limited (ASX: PLL, OTC-Nasdaq: PLLLY) (“Piedmont” or “Company”) is pleased to announce that it will be presenting at the NobleCon 14th Annual Institutional Investor Conference being held January 29-30, 2018 in Ft. Lauderdale, FL.Keith Phillips, President and Chief Executive Officer of Piedmont, will be giving a presentation and meeting with investors.

Event: NobleCon 14th Annual Institutional Investor Conference
Date: Monday, January 29, 2018 
Time: 2:00pm Eastern Time
Location: W Hotel, Fort Lauderdale Beach, Ft. Lauderdale, FL

For investors attending the NobleCon conference, please contact Piedmont Investor Relations to schedule a meeting with Piedmont management at tpatel@edisongroup.com.

A high-definition, video webcast of the presentation will be available the following day on the Company’s web site at www.piedmontlithium.com, and as part of a complete catalog of presentations available at Noble Capital Markets’ websites: www.noblecapitalmarkets.com, and www.nobleconference.com. The webcast and presentation will be archived on the company’s website and on the Noble websites for 90 days following the event.

For further information, contact:

Keith D. Phillips

President & CEO

T: +1 973-809-0505

Anastasios (Taso) Arima

Executive Director

T: +1 347-899-1522

Tirth Patel

Investor Relations, Edison Group

T: +1 646-653-7035

tpatel@edisongroup.com

About Noble Capital Markets, Inc.
Noble Capital Markets, established in 1984, is an equity-research-driven, full-service, investment & merchant banking boutique focused on the healthcare, media & entertainment, technology, transportation & logistics and natural resources sectors. The company has offices in Boca Raton, New York, Boston and St. Louis. In addition to NobleCon – the annual multi-sector investor conference –  and the Media, Finance & Investor Program, produced in partnership with the National Association of Broadcasters (NAB) and held each spring in Las Vegas, throughout the year Noble hosts numerous “non-deal” corporate road shows across the United States and Canada. Members: FINRA, SIPC, MSRB. www.noblecapitalmarkets.com

About Piedmont Lithium
Piedmont Lithium Limited (ASX: PLL; OTC-Nasdaq: PLLLY) holds a 100% interest in the Piedmont Lithium Project (“Project”) located within the world-class Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium between 1950 and 1990.  The TSB has been described as one of the largest lithium provinces in the world and is located approximately 40 kilometres west of Charlotte, North Carolina.  It is a premier location to be developing and integrated lithium business based on its favourable geology, proven metallurgy and easy access to infrastructure, power, R&D centres for lithium and battery storage, major high-tech population centres and downstream lithium processing facilities.

The Project was originally explored by Lithium Corporation of America which eventually was acquired by FMC Corporation (“FMC”). FMC and Albemarle Corporation (“Albemarle”) both historically mined the lithium bearing spodumene pegmatites within the TSB and developed and operated the two lithium processing facilities in the region which were the first modern spodumene processing facilities in the western world.

The Company is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region with the aim of developing a strategic, U.S. domestic source of lithium to supply the increasing electric vehicle and battery storage markets.

Forward Looking Statements
This announcement may include forward-looking statements. These forward-looking statements are based on Piedmont’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Piedmont, which could cause actual results to differ materially from such statements. Piedmont makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

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SOURCE Piedmont Lithium Limited


Commencement Of Scoping Study For Piedmont Lithium Project

NEW YORK, Jan. 23, 2018 /PRNewswire/ — Piedmont Lithium Limited (ASX: PLL, OTC-Nasdaq: PLLLY) (“Piedmont” or “Company”) is pleased to announce the appointment of Primero Group and CSA Global to commence and manage a Scoping Study (“Scoping Study”) on the Company’s Piedmont Lithium Project (“Project”), located within the world-class Carolina Tin-Spodumene Belt (“TSB”) in North Carolina, USA.

The Scoping Study will address an integrated Project including mine, concentrator, and lithium conversion plant. The location of the Project in mining-friendly North Carolina is expected to provide many positive advantages to the integrated Project, given the Project’s proximity to:

  • existing natural gas and power infrastructure;
  • large, educated, and low-cost workforce with experience in lithium sector;
  • major transportation infrastructure;
  • existing major downstream lithium processing facilities; and
  • major US battery customers (GM, BMW, Nissan, Mercedes, Tesla, etc.).

The Company expects to complete the Scoping Study early in Q3 2018.  The Scoping Study will be published shortly after the announcement of a maiden Resource, which is expected in Q2 2018.

Primero Group has been appointed as lead engineer and will focus on the concentrator and lithium conversion plant aspects of the Study. Primero Group brings valuable hard rock lithium experience to the Project, having been engaged on recent projects in Australia and Canada at the scoping, feasibility, and EPC project delivery level.  Managing Director, Cameron Henry, commented, “We are very pleased to be continuing our relationship with the Piedmont team through the development stages of both the upstream and downstream processing facilities of their project.  Our chemical and hydrometallurgical team is working on a number of similar projects currently and the award of this scope of works demonstrates the sound capability and strength of the growing business unit globally. We look forward to more news flow in the coming months on the developing Piedmont story.”

CSA has been appointed to complete the mine design, and has been working with Piedmont on resource geology, QA/QC, and database management on the Project.  President of the Americas for CSA Global, Stan Wholley, stated, “By leveraging CSA Global’s strong international lithium development experience and the high quality of Piedmont’s local technical team, we are working to rapidly advance towards the Mineral Resource and Scoping Study stage.  Given the desirable location and excellent infrastructure, Piedmont is in a strong position to rapidly advance this asset.”

Keith D. Phillips, President and Chief Executive Office, said, “We are extremely pleased with the appointment of respected engineering consultants Primero and CSA Global.  The experience and ability that these companies bring to Piedmont Lithium’s Scoping Study efforts will add value to our exciting Project as the Company begins its next stage of project development.  The addition of a conversion plant to the Scoping Study potentially enhances Piedmont’s position as one of the world’s best-located lithium projects.  In parallel with these engineering study efforts Piedmont expects to begin its permitting process and metallurgical test work programs within Q1 2018.

For further information, contact:

Keith D. Phillips

Anastasios (Taso) Arima

President & CEO

Executive Director

T: +1 973 809 0505

T: +1 347 899 1522

E: keith@piedmontlithium.com

E: taso@piedmontlithium.com

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; OTC-Nasdaq: PLLLY) holds a 100% interest in the Piedmont Lithium Project (“Project”) located within the world-class Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium between 1950 and 1990.  The TSB has been described as one of the largest lithium provinces in the world and is located approximately 40 kilometres west of Charlotte, North Carolina.  It is a premier location to be developing and integrated lithium business based on its favourable geology, proven metallurgy and easy access to infrastructure, power, R&D centres for lithium and battery storage, major high-tech population centres and downstream lithium processing facilities.

The Project was originally explored by Lithium Corporation of America which eventually was acquired by FMC Corporation (“FMC”). FMC and Albemarle Corporation (“Albemarle“) both historically mined the lithium bearing spodumene pegmatites within the TSB and developed and operated the two lithium processing facilities in the region which were the first modern spodumene processing facilities in the western world.

The Company is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region with the aim of developing a strategic, U.S. domestic source of lithium to supply the increasing electric vehicle and battery storage markets.

Forward Looking Statements

This announcement may include forward-looking statements. These forward-looking statements are based on Piedmont’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Piedmont, which could cause actual results to differ materially from such statements. Piedmont makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

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SOURCE Piedmont Lithium Limited


US Policy Changes On Critical Minerals And Corporate Taxes Reinforce Core Advantages Of The Piedmont Lithium Project

NEW YORK, Jan. 16, 2018 /PRNewswire/ — Piedmont Lithium Limited (ASX: PLL, OTC: PLLLY) (“Piedmont” or “Company”) is pleased to acknowledge two important US federal policy changes announced in late-2017 that reinforce the strategic and financial benefits of the Company’s unique location within the world-class Carolina Tin-Spodumene Belt (“TSB“) in North Carolina, USA.

On December 20, 2017, President Donald Trump signed an Executive Order announcing that “It shall be the policy of the Federal Government to reduce the Nation’s vulnerability to disruptions in the supply of critical minerals, which constitutes a strategic vulnerability for the security and prosperity of the United States.”  Lithium is one of the 23 critical mineral resources previously-identified by the United States Geological Survey.

On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act, which will reduce the US corporate tax rate from 35% to 21%, while also allowing for accelerated depreciation of eligible capital expenditures.

Keith D. Phillips, President and Chief Executive Officer of Piedmont Lithium, said, “Ours is one of the world’s best-located lithium projects, and these two important policy initiatives will further improve our strategic positioning.  Among other benefits of the US Administration’s renewed emphasis on the domestic production of critical materials, we expect a streamlining of the federal permitting process which may accelerate our transition from developer to producer.  Furthermore, we aim to demonstrate low capital and operating costs when we complete our initial Scoping Study mid-year, and we will now have the benefit of lower corporate tax rates than are in effect in any other major lithium producing region, which should positively impact our Project’s after-tax IRRs in a material way.”

For further information, contact:

Keith D. Phillips

Anastasios (Taso) Arima

President & CEO

Executive Director

T: +1 973 809 0505

T: +1 347 899 1522

E: keith@piedmontlithium.com

E: taso@piedmontlithium.com

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; OTC-Nasdaq: PLLLY) holds a 100% interest in the Piedmont Lithium Project (“Project”) located within the world-class Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium between 1950 and 1990.  The TSB has been described as one of the largest lithium provinces in the world and is located approximately 40 kilometers west of Charlotte, North Carolina.  It is a premier location to be developing and integrated lithium business based on its favorable geology, proven metallurgy and easy access to infrastructure, power, R&D centers for lithium and battery storage, major high-tech population centers and downstream lithium processing facilities.

The Project was originally explored by Lithium Corporation of America which eventually was acquired by FMC Corporation (“FMC”). FMC and Albemarle Corporation (“Albemarle“) both historically mined the lithium bearing spodumene pegmatites within the TSB and developed and operated the two lithium processing facilities in the region which were the first modern spodumene processing facilities in the western world.

The Company is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region with the aim of developing a strategic, U.S. domestic source of lithium to supply the increasing electric vehicle and battery storage markets.

Forward Looking Statements

This announcement may include forward-looking statements. These forward-looking statements are based on Piedmont’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Piedmont, which could cause actual results to differ materially from such statements. Piedmont makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

 

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SOURCE Piedmont Lithium Limited


Piedmont Enhances Senior US Executive Team

NEW YORK, Jan. 9, 2018 /PRNewswire/ — Piedmont Lithium Limited (ASX: PLL, OTC-Nasdaq: PLLLY) (“Piedmont” or “Company”) is pleased to announce the appointments of Mr. Patrick Brindle, Mr. David Buckley and Mr. Bruce Czachor as senior officers of the Company.

Mr. Brindle is joining Piedmont as Vice President – Project Management. He has over 18 years of experience in the development of US and global mining operations, minerals processing plants and materials handling projects, and has expertise in all phases of project development from concept design, pre-feasibility and feasibility study, detailed design engineering, construction and commissioning, including EPC projects in North and South Carolina. He most recently worked as Vice President of Engineering for DRA Taggart in Pittsburgh, Pennsylvania, and has a BS in Environmental Science and a BS in Civil Engineering from Virginia Tech.

Mr. Buckley is joining Piedmont as Vice President – Chief Process Engineer.  He is a 25-year veteran of the lithium business, having worked most recently as Chief Process Engineer of Quebec-based Critical Elements Corporation after senior positions with FMC’s Lithium Division and Albemarle (former Rockwood Lithium).  Mr. Buckley has extensive experience in lithium extraction from both hard rock resources and lithium bearing brines. He also brings experience in converting the extracted lithium into lithium carbonate, lithium hydroxide and other downstream lithium chemicals. He has a BS in Chemical Engineering from Virginia Tech.

Mr. Czachor is joining Piedmont as Vice President – General Counsel. He is a former partner of major international law firm Shearman & Sterling, and brings almost 30 years of experience in corporate governance, securities, M&A and commercial transactions. Mr. Czachor has represented a range of clients from start-ups to Fortune 500 companies, and he has extensive experience in the mining industry and with initial US listings.  He earned his BA from Binghamton University and his Juris Doctor from New York Law School.

Keith D. Phillips, President and Chief Executive Officer, said, “I am excited that Patrick, Dave and Bruce have chosen to join the Piedmont team.  Patrick is a highly experienced engineer and has been instrumental in taking many companies from scoping study through to production.  He will be coordinating the technical and permitting studies we are commencing in early 2018. Dave has decades of experience in the sector, including several years focused on the Carolina Tin-Spodumene Belt.  We are committed to building an integrated lithium business and Dave will be instrumental in the development of our downstream strategy.   I have known Bruce for over 25 years and; he will be extremely helpful in driving our US capital markets strategy and play an important role in the strategic and offtake conversations that are beginning to develop.  2018 year will be an exciting year for Piedmont, with metallurgical testing, a maiden Resource and Scoping Study all planned for the first half of the year.”

For further information, contact:

Keith D. Phillips

Anastasios (Taso) Arima

President & CEO

Executive Director

T: +1 973 809 0505

T: +1 347 899 1522

E: keith@piedmontlithium.com

E: taso@piedmontlithium.com

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; OTC-Nasdaq: PLLLY) holds a 100% interest in the Piedmont Lithium Project (“Project”) located within the world-class Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium between 1950 and 1990.  The TSB has been described as one of the largest lithium provinces in the world and is located approximately 40 kilometers west of Charlotte, North Carolina.  It is a premier location to be developing and integrated lithium business based on its favorable geology, proven metallurgy and easy access to infrastructure, power, R&D centers for lithium and battery storage, major high-tech population centers and downstream lithium processing facilities.

The Project was originally explored by Lithium Corporation of America which eventually was acquired by FMC Corporation (“FMC”). FMC and Albemarle Corporation (“Albemarle”) both historically mined the lithium bearing spodumene pegmatites within the TSB and developed and operated the two lithium processing facilities in the region which were the first modern spodumene processing facilities in the western world.

The Company is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region with the aim of developing a strategic, U.S. domestic source of lithium to supply the increasing electric vehicle and battery storage markets.

Forward Looking Statements

This announcement may include forward-looking statements. These forward-looking statements are based on Piedmont’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Piedmont, which could cause actual results to differ materially from such statements. Piedmont makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

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SOURCE Piedmont Lithium Limited


Comprehensive Drilling Program Commences At The Piedmont Lithium Project

NEW YORK, Dec. 12, 2017 /PRNewswire/ — Piedmont Lithium Limited (ASX: PLL, OTC-Nasdaq: PLLLY) (“Piedmont” or “Company”) is pleased to announce that following completion of the recent capital raising and building upon the successful results from previous drilling programs, a new comprehensive 20,000-meter drill program has commenced at the Piedmont Lithium Project (“Project“), located within the world-class Carolina Tin-Spodumene Belt (“TSB“). The new drill program will be focused on completing infill drilling for the definition of a maiden Mineral Resource and also aggressively testing the extensions of the pegmatites identified both along strike and down dip.

In addition, based on the drilling results on the portions of the Project explored to-date and geological modelling of the pegmatites, an initial Exploration Target of between 10 to 15 million tonnes at a grade of between 1.00% and 1.25% Li2O has been estimated by CSA Global. The potential quantity and grade of this Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

The Company remains highly confident in its ability to develop a world class integrated lithium operation in North Carolina and will continue its land acquisition strategy to capitalize on its “first-mover” initial land position in the Carolina Tin-Spodumene Belt. The location of the Project gives it key competitive strengths over other potential lithium locations worldwide:

  • The only independent spodumene project strategically located in the US
  • Proximity to major downstream lithium processing facilities
  • Proximity to major US battery customers (GM, BMW, Nissan, Mercedes, Tesla, etc)
  • Closely located to established low cost gas and power infrastructure
  • Strong, large and low cost local workforce with experience in lithium sector
  • Proximity to major transportation infrastructure including highways, rail, airports and ports
  • Located in North Carolina, a mining and development friendly state

Keith D. Phillips, President and Chief Executive Officer, said, “We are extremely pleased with the scale of our initial Exploration Target for the Project, which is based on the portion of our initial core land package that has been drilled to date, and leaves considerable upside as we broaden our drill horizons and continue to expand our land package. Our next drilling program will position us to announce a maiden Mineral Resource in early to mid-2018, which will serve as the basis of a Scoping Study on the Project shortly thereafter.

“Given the numerous advantages inherent in our location in North Carolina, including outstanding infrastructure, a strong local work force, and proximity to important lithium processing facilities and other downstream customers, this initial Exploration Target is more than sufficient to support the potential re-establishment of a strategic high value battery materials operation.”

 

Figure 1: Piedmont Lithium Proposed Drill Program Target Areas

 

For further information, contact:

Keith D. Phillips                    

Anastasios (Taso) Arima

President & CEO               

Executive Director

T: +1 973 809 0505                 

T: +1 347 899 1522

E: keith@piedmontlithium.com   

E: taso@piedmontlithium.com

 

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; OTC-Nasdaq: PLLLY) holds a 100% interest in the Piedmont Lithium Project (“Project”) located within the world-class Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world’s lithium between 1950 and 1990. The TSB has been described as one of the largest lithium provinces in the world and is located 40 kilometers west of Charlotte, North Carolina.  It is a premier location to be developing an integrated lithium business based on its favorable geology, proven metallurgy and easy access to infrastructure, power, R&D centers for lithium and battery storage, major high-tech population centers and downstream lithium processing facilities.

The Project was originally explored by Lithium Corporation of America which eventually was acquired by FMC Corporation (“FMC”). FMC and Albemarle Corporation (“Albemarle“) both historically mined the lithium bearing spodumene pegmatites within the TSB and developed and operated the two lithium processing facilities in the region which were the first modern spodumene processing facilities in the western world.

The Company is in a unique position to leverage its position as a first mover in restarting exploration in this historic lithium producing region with the aim of developing a strategic, U.S. domestic source of lithium to supply the increasing electric vehicle and battery storage markets.

Forward Looking Statements

This announcement may include forward-looking statements. These forward-looking statements are based on Piedmont’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Piedmont, which could cause actual results to differ materially from such statements. Piedmont makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

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SOURCE Piedmont Lithium Limited