Sarah Wells

NEW YORK, Jan. 22, 2019 (GLOBE NEWSWIRE) — Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that following completion of its recent capital raising the Company has initiated a 25,000-meter Phase 4 drill program at the Piedmont Lithium Project (“Project“) located within the world-class Carolina Tin-Spodumene Belt (“TSB“) which will aim to significantly expand on the 13-year project life reported in the Scoping Study released on September 13, 2018.

Core and Central Properties with Resource, Exploration Targets, and mineralized trends.

Three drill rigs have been mobilized with two currently committed to the Core property and one to the Central property. The Core program will consist of approximately 110 holes totaling 19,000 meters and is designed to drill the Exploration Target areas reported June 14, 2018, perform initial drilling on newly acquired properties contiguous to the Core property, and upgrade portions of the current Mineral Resource Estimate from Inferred to Indicated classification (see Figure 1).

The remaining 6,000 meters is allocated to follow-up drilling on the Central and Sunnyside properties, and initial drill testing of new or other properties not yet drilled with the potential to define a Mineral Resource Estimate on one or more of these additional properties. 

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/64698e13-4229-4cc3-a982-7896188e5219

Core Property Drilling

The 110 hole, 19,000-meter Core property drill campaign is designed to increase the overall Mineral Resource Estimate and to upgrade a portion of the current Mineral Resource from the Inferred to the Indicated Category.

Significant portions of the drill program will focus on a previously reported Exploration Target of between 4.5 to 5.5 million tonnes grading between 1.10% and 1.20% Li₂O (Figure 1) on the Core property with the objective of converting some or all of this to a Mineral Resource. 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.

Recently-announced land acquisitions contiguous to the Core Property provide significant additional exploration potential.  These tracts are located in the southeast and western portions of the Core Property.  These properties have added 600 meters of highly prospective strike length along the F corridor and 400 meters of highly prospective strike length along the G Corridor.  In combination with the current Exploration Target these new properties have potential to add to the Core Property’s current Mineral Resource Estimate of 16.2 Mt @ 1.12% Li₂O reported June 14, 2018.

Central Property Drilling

One rig was mobilized to the Central Property in December and has to-date completed 8 holes totaling 1,204.8 meters (Figure 1).  These holes were designed to follow-up the intercepts from holes 18-CT-001 (7.0m @ 1.53% Li₂O) and 18-CT-002 (34.0m @ 1.04% Li₂O), reported October 17, 2018.

Holes 18-CT-004 through 18-CT-011 all intercepted spodumene-bearing pegmatite with intercepts ranging from 5 to 19 meters.  This extends the strike length of the mineralized dike encountered at Central for over 320 meters and it remains open in all directions.  Assays are pending for these holes.

X-Ray Diffraction analysis of two samples from hole 18-CT-002 confirm spodumene is the only primary lithium bearing mineral in the mineralized pegmatites.  The primary mineralogy is consistent with Piedmont’s Core property consisting principally of quartz, albite, spodumene, muscovite and microcline.

Sunnyside and Other Property Drilling

In 2018 the Company completed 33-line kilometers of magnetometer surveys and collected 1,216 soil samples on Sunnyside, Central and other regional properties.  Drill targets have been identified based on the results of soil sampling and selective drilling of these targets will take place during Phase 4.

Keith D. Phillips, President and Chief Executive Office, said, “We are excited about the Phase 4 drill campaign and are confident that it will lead to a further enhancement of the 13-year mine life and US$888 million NPV reported in our updated Scoping Study in September 2018.  Our prior work has shown the powerful economic advantages of our North Carolina location, and as we continue to build our land package and resource base, we will establish the Project as one of the world’s most significant and strategic hard-rock lithium properties.”

For further information, contact:

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

NEW YORK, Jan. 09, 2019 (GLOBE NEWSWIRE) — Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that it has submitted a Section 404 Standard Individual Permit application to the US Army Corps of Engineers (USACE) for the Company’s Piedmont Lithium Project located in the historic Carolina Tin-Spodumene Belt in North Carolina, USA.  The USACE is the lead agency that will review the Company’s permit applications at the federal level.

Table 1

The Company also concurrently submitted an application for a Section 401 Individual Water Quality Certification to the North Carolina Division of Water Resources (NCDWR).  The Section 404 and 401 permits are typical requirements for the type of operation proposed by Piedmont Lithium.  HDR Engineering’s Charlotte Office acted as lead consultant in the preparation of both applications.

These important applications were completed and submitted in accordance with the Company’s previously announced estimated permitting timeline (refer to updated Scoping Study announced September 13, 2018), allowing Piedmont to maintain its overall project development schedule. 

A graphic accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/6ec5e745-29af-42f5-b948-5a0c51e7e598

Piedmont expects to submit the balance of permit applications required to commence mining operations to various state and local agencies within the first half of 2019.

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

NEW YORK, Dec. 12, 2018 (GLOBE NEWSWIRE) — Piedmont Lithium Limited (ASX: PLL; Nasdaq: PLL) (“Piedmont” or “Company”) is pleased to announce that Nasdaq has approved the change of the ticker symbol for the Company’s ADRs to “PLL” from “PLLL”. The change is expected to be effective as of December 13, 2018 in the US.  The ticker symbol for the Company’s ADRs on Nasdaq will now be the same as the symbol for the Company’s ordinary shares trading on the ASX.

For further information, contact:

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.

• Piedmont increases land position at its Piedmont Lithium Project by 15% to 1,383 acres
• Core Property expanded by 93 acres or 18% to a total of 622 acres
• Contiguous land acquisitions are along strike from current Mineral Resource
• Drill targets being finalized and will be incorporated in upcoming Phase 4 Drill Program
• All deals structured as options or deferred purchases to minimize upfront cash outlay 

NEW YORK, Dec. 05, 2018 (GLOBE NEWSWIRE) — Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that the Company has increased its exploration land position to 1,383 acres. The land acquisitions include properties within the Carolina Tin Spodumene Belt (122 acres), and preferred locations for our concentrator and mine infrastructure (49 acres). Importantly, these acquisitions include 93 acres which are contiguous to the Core Property land package increasing it to a total of 622 acres. The Company also controls a 60-acre parcel in Kings Mountain, North Carolina for the site of the Company’s planned Chemical Plant.

Land map showing the newly acquired properties

A graphic accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3b9cd659-0eba-4b1b-a7fb-0fd4ed751612

These important additions were achieved via a combination of option agreements and deferred purchase contracts, making effective use of Company funds to maximize exploration opportunities.

Keith D. Phillips, President and Chief Executive Officer, said, “We continue to pursue our strategy of adding to our dominant land position in the Carolina Tin-Spodumene Belt. We have found high-grade mineralization in over 90% of the holes we’ve drilled on the TSB, and our expectation is that the larger our land position the larger our ultimate resource and mine life will be. We are particularly excited to add 18% to the size of our Core Property and are hopeful that we will be able to expand our mineral resource and mine life proportionately. Notably, these land additions – like the vast majority of our existing properties – are controlled via lease/option or deferred purchase contracts to minimize the use of cash on a pre-development basis.”

Piedmont has increased its land position by 184 acres to 1,383 acres. The most significant tracts, with regards to the current resource, are in the south-east and western portions of the Core Property. In the south east, a newly acquired 55-acre tract adds over 600 meters of highly prospective strike length along the F Corridor and a newly acquired 20 acres in the west adds over 400 meters of highly prospective strike length along the B Corridor. These two properties have significant potential to add to the current resource of 16.2 Mt @ 1.12% Li2O (reported June 2018) defined on the Core Property.

Late phase 3 drilling, along the F Corridor, traced mineralization to the southwest suggesting that strike and downdip extensions of known spodumene bearing pegmatites could extend onto the newly acquired 55-acre tract. Within the 55-acre tract, one area of subcrop of spodumene bearing pegmatite has been identified, a grab sample from this subcrop assayed 1.21% Li2O.

To the west, indicated and inferred classified resource blocks exist immediately adjacent to the northeast and southwest boundaries of the newly acquired 20-acre property. It is expected that mineralization extends onto the newly acquired tract.

Piedmont is planning additional drilling to upgrade portions of the Inferred resource to Indicated classification, convert Exploration Target areas to Indicated where possible, explore the newly acquired properties and follow-up drilling on the Central property.

Land acquisitions also feature the Company’s preferred concentrator and waste rock disposal locations as identified in the Company’s Updated Scoping Study announcement dated September 2018. The Company is designing condemnation drilling programs for 2019 completion in these areas.

Finally, several off-trend properties have been acquired by the Company for consideration as potential future waste rock disposal, possible exchange properties for on-trend parcels, buffer zones, or as conservation targets for mitigation purposes.

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) 1,383 acres of surface property and the associated mineral rights from the local landowners. The new properties being the subject of this announcement total 184 acres, of which 142 acres have been acquired under land acquisition agreements and 42 acres have been optioned under land option agreements, on substantially the same terms as the Company’s existing land option agreements. The Company also controls a 60-acre parcel in Kings Mountain, North Carolina for the site of the Company’s planned Chemical Plant.

The Company’s strategy remains to consolidate the region between newly secured and historic landholdings with emphasis towards on-trend properties and sufficient off-trend for potential infrastructure development, mitigation, and future land exchanges.

Click here to view the ASX announcement

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

• Mr. McKenna has more than 35 years’ experience in government and public relations
• Created Rockwood Lithium’s investor relations and communications program and served with Rockwood until its acquisition by Albemarle Corporation
• Most recently served in a government and public relations role with Lithium X

NEW YORK, Oct. 22, 2018 (GLOBE NEWSWIRE) — Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that it has appointed Mr. Timothy McKenna as an advisor to the Company.  Tim will assist with government and public relations for the Company’s planned development of its integrated lithium hydroxide business in the historic Carolina Tin-Spodumene Belt in North Carolina, USA.

Mr. McKenna has over 35 years’ experience in government and public relations roles including a role as vice president of Rockwood Holdings, Inc. in government and investor relations from 2006 until Rockwood’s acquisition by Albemarle Corporation.  While with Rockwood, Tim helped create an investor relations and communications program and was instrumental in helping Rockwood secure a US$28 million grant from the US Department of Energy to expand operations in North Carolina and Nevada.

Tim most recently served as vice president US government relations, investor relations, and corporate communications for Lithium X Energy Corp. until its successful acquisition by Nextview New Energy Lion Hong Kong Limited.  Prior to his time in the lithium business, Tim held senior government and investor relations roles with Fortune 500 industrial companies Smurfit-Stone Container and Union Camp.

Keith D. Phillips, President and Chief Executive Officer, commented: “We are pleased to welcome Tim to our team.  Tim is a seasoned government and investor relations professional and his 12 years of experience in the lithium sector will help us build strong relationships with regulators and elected officials in North Carolina and at the federal level, where lithium is increasingly viewed as a material that is critical to US energy and national security.“

For further information, contact:

• Piedmont has received assay results from initial drilling at its new Central and Sunnyside properties
  
• 7 holes were completed at Sunnyside and 3 holes were completed at Central
  
• Both properties yielded significant intercepts of high-grade lithium mineralisation, including:
  
  • 34.0m @ 1.04% Li₂O of continuous mineralization across one pegmatite in Hole 18-CT-002
    
  • 20.9m @ 1.42% Li₂O of continuous mineralization across one pegmatite in Hole 18-SS-001 

NEW YORK, Oct. 16, 2018 (GLOBE NEWSWIRE) — Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that the Company has received all assays results from its initial exploratory drilling on its new Sunnyside and Central properties in the Carolina Tin-Spodumene Belt (“TSB“) in North Carolina, United States. This maiden drill program comprised 10 holes, 7 from Sunnyside and 3 from Central, totalling 1,411 meters.

Keith D. Phillips, President and Chief Executive Officer, said: “We are exceedingly happy with the initial results from Central and Sunnyside, with Hole 18-CT-002 in particular being the widest intercept encountered to-date.  We have delineated a world-class resource of 16.2Mt @ 1.12% Li₂O at our Core property, supporting a project life of 13 years as reported in our recent Scoping Study.  These initial results at Central and Sunnyside indicate the potential for a significant project life extension.”

Piedmont is encouraged by the initial drill results from Central and Sunnyside properties and is designing follow up drill campaigns for both.  In addition, over 650 soil samples have been collected and over 33-line kilometres of walking magnetometer geophysical surveys have been undertaken on the properties. Soil assays are still pending and will be paired with the geophysical data to produce drill targets for the properties.

Click here to view the ASX announcement.

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; Nasdaq: PLLL) 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 1980s. 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.

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