Sarah Wells

• Quartz, feldspar and mica produced in bench-scale indicate potential saleable by-products
• Concentrate samples sent to potential off-take partners
• Scoping Study update including by-product credits scheduled for completion later this month 

NEW YORK, Sept. 03, 2018 (GLOBE NEWSWIRE) — Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to report that the Company has completed a bench-scale metallurgical testwork program to produce quartz, feldspar and mica as by-products of spodumene concentrate from the Company’s proposed vertically-integrated Piedmont Lithium Project located in North Carolina, USA.

Piedmont has partnered with North Carolina State University’s Minerals Research Laboratory (“MRL”) to complete bench-scale testwork to produce quartz, feldspar, and mica concentrates from spodumene flotation tailings.

Initial results demonstrate commercial potential for each by-product, and the Company has delivered bench-scale samples of feldspar and mica concentrates to potential offtake partners for further testing.  Piedmont has opened confidential discussions with several parties for offtake of all three by-products.

The Company is currently completing a Mineral Resource Estimate for each by-product based on the geological model used to determine the Company’s maiden Mineral Resource Estimate announced in June 2018.  Announcement of the by-product Mineral Resource Estimates is expected in the coming days.

Piedmont is preparing an updated Scoping Study including by-product concentrates.  This update is expected later this month.

Keith D. Phillips, President and Chief Executive Officer, said, “Historically, a significant portion of the revenue from the local lithium mines was derived from by-product quartz, feldspar and mica.  The metallurgical results covered in this release demonstrate Piedmont’s ability to recover these minerals through flotation, and we expect later this month to be in a position to quantify the impact of these by-products on the economics of our integrated lithium project.”

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

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.

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.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources

The information contained herein has been prepared in accordance with the requirements of the securities laws in effect in Australia, which differ from the requirements of United States securities laws. The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are Australian mining terms defined in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”).  However, these terms are not defined in Industry Guide 7 (“SEC Industry Guide 7”) under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and are normally not permitted to be used in reports and filings with the U.S. Securities and Exchange Commission (“SEC”). Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Australian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Disclosure of “contained lithium oxide” or “lithium carbonate equivalent in a resource is permitted disclosure under Australian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, information contained herein that describes Piedmont’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder. U.S. investors are urged to consider closely the disclosure in Piedmont’s Form 20-F, a copy of which may be obtained from Piedmont or from the EDGAR system on the SEC’s website at http://www.sec.gov/.”

Competent Persons Statement

The information in this announcement that relates to Metallurgical Testwork Results is based on, and fairly represents, information compiled or reviewed by Dr. Hamid Akbari, a Competent Person who is a Registered Member of the ‘Society for Mining, Metallurgy and Exploration’, a ‘Recognized Professional Organization’ (RPO). Dr. Akbari is a consultant to the Company. Dr. Akbari 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 Metallurgical Results. Dr. Akbari consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

• Piedmont has received assay results from the final 15 drill holes of the Phase 3 drilling campaign on its Core property, showing high-grade mineralisation including: 
  
  • 15.8m of cumulative thickness of mineralization (non-continuous) across 4 pegmatites which includes high grade intercepts of 8.2m @ 1.91% Li₂O, 3.2m @1.25 Li₂O and 2.8m @1.05 Li₂O in Hole 18-BD-236
    
  • 21.3m of cumulative thickness of mineralization (non-continuous) across 6 dikes which includes high grade intercepts of 6.0m @1.31%Li₂O and 7.45m 1.04% Li₂O in Hole 18-BD-237
    
  • 18.5m of cumulative thickness of mineralization (non-continuous) across 3 pegmatites which includes high grade intercepts of 13.0m @ 1.06% Li₂O and 4.4m @1.11 Li₂O in Hole 18-BD-238

• Most of the holes are from outside the maiden Mineral Resource estimate of 16.2Mt at 1.12% Li₂O, reported in June 2018, confirming upside potential for the resource.
  
• Seven holes completed at our Sunnyside Property, totalling 911 meters, with assays pending.
  
• Two of the three planned holes completed at our Central Property, with assays pending.

NEW YORK, Aug. 22, 2018 (GLOBE NEWSWIRE) —  Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that the Company has now received all assays results from the Phase 3 drilling campaign on its Core property in the Carolina Tin-Spodumene Belt (“TSB“) in North Carolina, United States. The final 15 holes reported in this release will complete the Phase 3 campaign, totalling 124 holes and 21,360 meters, on our Core property.

The 15 holes reported were not used in the maiden Mineral Resource estimate of 16.2 Mt at 1.12% Li₂O (refer ASX announced dated June 14, 2018).  The majority of the 15 holes occur outside of the resource boundary and confirm upside potential for our Project.

Assay results from the initial drilling on the Sunnyside and Central properties are pending and results are expected to be announced in the month of September.

Keith D. Phillips, President and Chief Executive Officer, said, “These results demonstrate the potential to expand the resource on our Core property, and we are optimistic that the Sunnyside and Central properties hold significant potential as well.  Our Scoping Study demonstrated the strong economics of a 13-year project based on our current resource, and we believe future drilling may extend the project life and enhance the project economics as well as the strategic value of this unique American resource.”

Click here to view the ASX announcement

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    

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.

NEW YORK, July 18, 2018 (GLOBE NEWSWIRE) — Piedmont Lithium Limited (“Piedmont” or “Company”) (ASX:PLL) (NASDAQ:PLLL) is pleased to report the results of the Company’s Scoping Study for its vertically-integrated Piedmont Lithium Project (“Project”) located within the Carolina Tin-Spodumene Belt in North Carolina, USA (“TSB”).  The Project includes a lithium hydroxide chemical plant (“Chemical Plant”) supplied with spodumene concentrate from an open pit mine and concentrator (“Mine/Concentrator”).

Infographic 1 Infographic 2 Figure 1 – Lithium hydroxide 2018 cost curve (Source – Roskill) Figure 2 – After tax free cash flow on lithium hydroxide sales during life-of-mine operations

The Project has compelling projected economics due to low initial capital, early spodumene concentrate sales, attractive capital and operating costs, short transportation distances, minimal royalties and low corporate income taxes.  The Project meets an important strategic need for domestic US lithium production and will confer substantial economic benefits on the local region.

EXECUTIVE SUMMARY

Piedmont is pleased to report the results of the Scoping Study for its vertically integrated lithium hydroxide chemical project located in the Carolina Tin-Spodumene Belt in North Carolina, USA.  The Scoping Study includes a 22,700 tonne per year Chemical Plant supported by a Mine/Concentrator producing 170,000 tonnes per year of 6% Li₂O low-iron spodumene concentrate.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9609f3b0-a695-4403-85bd-1cf8e3ab24e7

• Integrated project to produce 22,700 tonnes per year of lithium hydroxide
• Initial 13-year mine life with 2 years of concentrate sales and 11 years of integrated operation
• Staged development to minimise up-front capital requirements and equity dilution
  • Stage 1 initial capex of US$91mm for the Mine/Concentrator (excluding contingency)
  • Stage 2 capex for Chemical Plant funded largely by internal cash flow
• Estimated 1^st quartile lithium hydroxide operating costs of US$3,960/t
• Conventional technology selection in all project aspects
• Steady state EBITDA of US$220mm annually with steady-state after-tax cash flow of US$170-180mm
• Estimated after-tax IRR of 56% and NPV8% of US$777mm, with ~2-year payback
• Upside opportunities include project life extension and by-product monetisation

The Scoping Study contemplates a staged development approach to minimise start-up risk and up-front capital requirements, with revenue from open-market spodumene concentrate sales in the Project’s initial years helping defray capital requirements for the Chemical Plant.

The Scoping Study demonstrates the compelling economics of the prospective integrated Project, highlighted by low operating costs, high after-tax margins and strong free cash flow.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b6ae2f60-3df5-4a34-9cff-dcf36e7a3ea0

First-Quartile Operating Costs

The integrated Piedmont project is projected to have an average life of project cash operating cost of approximately US$3,960 per tonne, positioning Piedmont as the industry’s lowest-cost producer as reflected in the 2018 lithium hydroxide cost curve provided by Roskill in Figure 1.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/58ef51fd-b275-448f-8473-e2371c46c912

Attractive After-Tax Margins and Free Cash Flow

Low operating costs, low royalties, and low corporate tax rates potentially allow Piedmont to achieve after-tax margins approaching US$8,900 per tonne, or approximately 64%.  The Project generates an estimated US$8,650 per tonne of free cash flow during life-of-mine operations after construction of the Chemical Plant.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0b4cb6fd-7c83-4b56-8c1c-5ed33f98b2ff

Staged Development Approach Minimises Equity Dilution

The Scoping Study contemplates a staged development approach to minimise start-up risk and up-front capital requirements, with revenue from open-market sales of spodumene concentrate in the Project’s initial years helping defray capital requirements for the Chemical Plant. After-tax free cash flow of approximately US$128 million is expected to be generated prior to the construction of the Chemical Plant, and an additional US$108 million of operating cash flow from concentrate sales is expected to be generated during the Chemical Plant’s ramp-up.

The establishment of positive cash flow from spodumene concentrate sales will position Piedmont to attract financing on terms not available to greenfield developments, including access to the US corporate bond market.  This is expected to lead to lower costs of capital when financing the Chemical Plant, and to allow Piedmont to minimise equity dilution to the Company’s shareholders.

Conclusions and Next Steps

The Scoping Study demonstrates the integrated Project’s strong commercial potential, centred on very low operating and capital costs, and the staged development puts Piedmont in a strong position to engage in discussions around future financing of the Project, including with prospective strategic and off-take partners.

Piedmont will now move forward with a Pre-Feasibility Study (“PFS”) targeted for completion early in 2019.  The Company will undertake the following work in developing the PFS:

• A previously announced By-product Study to examine the potential to enhance Project economics through the recovery and monetisation of by-product quartz, feldspar and mica
• Additional drilling on the Core property to potentially extend mine and project life by converting the previously announced current Exploration Target into a Mineral Resource
• Metallurgical studies including the evaluation of the potential for a Dense Medium Separation (“DMS”) before the flotation circuit to further enhance operating costs in the Concentrator
• Continued expansion of the Company’s land position in the TSB with a focus on areas of high mineral prospectivity

Keith D. Phillips, President and Chief Executive Officer, said, “We are very pleased with the results of the Scoping Study. The economic benefit of developing an integrated lithium chemical business in North Carolina, USA is now clear, driven by the exceptional infrastructure and human resource advantages of our location, as well as the competitive royalty and tax regime offered in the United States. We look forward to an exciting period ahead as we work to enhance the Project even further through continued growth in our resource base and project life, and the evaluation of potential by-product credits”.

Click here to view the full ASX announcement

For further information, contact:

Keith D. Phillips
President & CEO
+1 973 809 0505
kphillips@piedmontlithium.com

Anastasios (Taso) Arima
Executive Director
+1 347 899 1522
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 1,199 acres of surface property and the associated mineral rights.

• Optimized flotation and magnetic separation results achieved consistent high-grade spodumene concentrates (Li2O>6.0%) with low iron content (Fe2O3<1%)
   
• Heavy Liquid Separation results offer opportunity for a potential Dense Medium Separation circuit prior to flotation
   
• Ore sorting and initial pilot scale testwork scheduled for Q3 2018

NEW YORK, July 17, 2018 (GLOBE NEWSWIRE) — Piedmont Lithium Limited (“Piedmont” or “Company”) (ASX:PLL) (NASDAQ:PLLL) is pleased to report that the Company has completed a bench-scale metallurgical testwork program to produce spodumene concentrate from ore samples from the Company’s proposed vertically-integrated Piedmont Lithium Project located in North Carolina, USA.

Piedmont has partnered with North Carolina State University’s Minerals Research Laboratory (MRL) to complete bench-scale testwork including spodumene flotation optimization, magnetic separation to remove iron from spodumene concentrate and Heavy Liquid Separation (HLS) to evaluate the potential for a Dense Medium Separation (DMS) circuit.

The completed testwork program confirms the interim flotation and magnetic separation results which the Company published in April 2018 with additional testwork on four composited samples collected from multiple exploration corridors within the Project’s core property.

Click here to view the full ASX announcement

For further information, contact:

Keith D. Phillips
President & CEO
+1 973 809 0505
kphillips@piedmontlithium.com

Anastasios (Taso) Arima
Executive Director
+1 347 899 1522
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 1,199 acres of surface property and the associated mineral rights.

NEW YORK, July 5, 2018 /PRNewswire/ —

• Acquisition of Heavy-Industrial zoned property in Kings Mountain, North Carolina
• Short truck haul from proposed mine and concentrator sites
• Immediate access to major rail, power, gas, and highway infrastructure
• Permitting activity for lithium chemical plant expected to commence in Q3 2018
• Site acquisition advances vertically-integrated lithium chemicals production strategy
• Lithium chemical plant will focus on production of battery-grade quality lithium hydroxide

Piedmont Lithium Limited (“Piedmont” or “Company”) (ASX:PLL; NASDAQ: PLLL) is pleased to advise that the Company has acquired a 60.6-acre parcel in Kings Mountain, North Carolina as a potential site for its planned lithium chemical plant.  This acquisition represents an important step in the development of the vertically-integrated Piedmont Lithium Project located in North Carolina, USA.

The lithium chemical plant site is approximately a 20-mile truck haul from the Company’s proposed spodumene mine and concentrator, minimizing the freight cost for concentrate delivery to the proposed facility.  Zoned heavy-industrial, the plant site has direct access to a Norfolk Southern rail line, Interstate I-85 and US Highway 29.  The site also has natural gas and power transmission immediately adjacent to the property.

The site will be included in the Company’s scoping study which is on track for completion in Q3 2018.  The planned lithium chemical plant will convert Piedmont Lithium-produced spodumene concentrate to lithium chemicals, with a focus on battery grade lithium hydroxide.  Lithium hydroxide commands a pricing premium relative to lithium carbonate, and recent studies have reported that lithium hydroxide produced from spodumene has a production cost advantage relative to production from brines.  Piedmont Lithium will commence permitting of the lithium chemical plant upon completion of the Scoping Study.

Keith D. Phillips, President and Chief Executive Officer, said, “We are very pleased to have identified such an attractive site for our downstream operations.  The site is a short drive from our core mining and concentration properties, it is the proper scale for our contemplated lithium chemical production operations, and it offers all the infrastructure one would seek for such a facility. Piedmont is focused on building an integrated lithium chemical operation in North Carolina, and this site will be an integral part of our plans.”

For further information, contact:

 

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SOURCE Piedmont Lithium Limited

NEW YORK, July 1, 2018 /PRNewswire/ —

• By-products may include quartz, feldspar and mica

• Mineral Resource Estimates for by-products expected H2 2018

• Bench scale metallurgical testwork complete with assays pending

• Historic local spodumene mines had significant by-product revenue

• Confidential discussions held with potential by-product off-take partners

Piedmont Lithium Limited (“Piedmont” or “Company”) (ASX: PLL; NASDAQ: PLLL) is pleased to advise that the Company has commenced a By-product Study for the Piedmont Lithium Project, located in the historic Carolina Tin-Spodumene Belt in North Carolina, United States.

Piedmont has retained CSA Global to complete Mineral Resource Estimates for potential quartz, feldspar and mica concentrate by-products.  CSA Global will use the same geologic model that was used for the recently completed maiden Mineral Resource Estimate for the Piedmont Lithium Project as the basis for further study.

North Carolina State University’s Minerals Research Lab has completed bench scale flotation tests and iron removal for quartz, feldspar and mica concentrates.  Assays are pending for these bench-scale tests.  Data and samples from these bench scale test results will be provided to potential off-take partners to evaluate their commercial potential.

Piedmont plans to include revenue potential from by-products in an update to our initial Scoping Study, which is expected to be released in late-July.  The update should be available in late-2018 following the definition of Mineral Resource Estimates for each by-product and will reflect feedback from potential by-product customers.

Keith D. Phillips, President and Chief Executive Officer, said, “While many spodumene pegmatites include quartz, feldspar and mica mineralization, most are located too remotely to economically serve the important markets for these products.  Given our location in the industrial heartland of the USA, there is potential to deliver into the large, glass, ceramic, building products and technology businesses that are based in our region and have great need for these minerals.  The historic Hallman-Beam mine derived substantial revenue from by-products, and if we are able to do the same it will have a positive impact on our production costs.”

 

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SOURCE Piedmont Lithium Limited

NEW YORK, June 14, 2018 /PRNewswire/ — Piedmont Lithium Limited (“Piedmont” or “Company”) (ASX: PLL; NASDAQ:  PLLL) is pleased to advise that it will host an investor webinar on Tuesday June 19, 2018 at 11:00am AEST to discuss the maiden Mineral Resource estimate announced yesterday.

During the webinar, President & CEO Keith Phillips will discuss the details of the maiden Mineral Resource estimate. Investors are invited to send questions prior to the webinar to simon@nwrcommunications.com.au and they will be addressed during the webinar.

Investors are advised to register prior to the Piedmont Lithium Investor Webinar at the link below:

https://attendee.gotowebinar.com/register/5941387393955546625 

After registering, you will receive a confirmation email containing information about joining the webinar.

A recording of the webinar will be made available shortly after the conclusion at the same link.

For further information, contact:

 

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SOURCE Piedmont Lithium Limited

NEW YORK, June 13, 2018 /PRNewswire/ —

• Maiden Mineral Resource estimateof 16.2 Mt @ 1.12% Li₂O
• Resource is based on 231 core holes and over 35,300 meters of drilling
• Metallurgical test work ongoing, with pilot-scale testing commencing this month
• Scoping Study for integrated lithium project expected in Q3 2018

Piedmont Lithium Limited (“Piedmont” or “Company”) (ASX: PLL; NASDAQ: PLLL) is pleased to announce a maiden Mineral Resource estimate on its Core property of 16.19 million tonnes at 1.12% Li₂O, containing 182,000 tonnes of lithium oxide (Li₂O) or 450,000 tonnes of Lithium Carbonate Equivalent (“LCE”) (the benchmark equivalent raw material used in the lithium industry). Approximately 52% or 8.50 million tonnes of the Mineral Resource is classified in the Indicated Resource category.

The Mineral Resource estimate has been prepared by independent consultants, CSA Global Pty Ltd (“CSA Global”) and is reported in accordance with the JORC Code (2012 Edition).

Piedmont’s maiden Mineral Resource is the first resource estimate completed in over 30 years in the historic Carolina Tin-Spodumene Belt, which was the home of most of the world’s lithium production and processing from the 1950s until the 1980s. The region continues to be the home to the US lithium processing facilities of Albemarle Corporation and FMC Corporation. The current resource is within our Core Property, which is 5 kilometres north of the historic Hallman-Beam mine (ex-FMC).

Piedmont is now focused on the completion of the Scoping Study which is expected in Q3 2018 and will reflect the Company’s strategy of building an integrated lithium processing business based on proven, conventional technologies and benefitting from the inherent advantages of Piedmont’s strategic North Carolina location, including;

In addition to the maiden Mineral Resource estimate a new Exploration Target of 4.5 to 5.5 million tonnes at a grade of between 1.10% and 1.20% Li₂O has been estimated by CSA Global within the Core Property.  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.

Keith D. Phillips, President and Chief Executive Officer, said, “This high-grade maiden resource has surpassed our initial exploration target and represents an important milestone for Piedmont.  The resource will underpin the upcoming Scoping Study, which we believe will reflect the significant advantages associated with our unique location.  There are many interesting lithium projects being advanced around the world, but Piedmont has the only project based in the industrial heartland of the United States and the cradle of lithium production, with all the economic and strategic benefits that derive from that position.  With regional exploration progressing and constructive conversations ongoing with numerous local land owners, we are optimistic that this initial resource will be just the beginning, and that Piedmont is well-positioned to develop a world-class, low-cost integrated lithium business in the United States.”

For further information, contact:

 

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SOURCE Piedmont Lithium Limited