swells@piedmontlithium.com

Piedmont Lithium Limited (ASX: PLL; NASDAQ: PLL) (“Piedmont” or “Company”) advises that a general meeting of shareholders (“Meeting”) was held today, July 31, 2020, at 10.00am (WST).

The resolutions voted on were in accordance with the Notice of General Meeting previously advised to the Australian Securities Exchange (“ASX”).

All resolutions were decided on and carried by way of a poll.

In accordance with Section 251AA of the Corporations Act 2001, the details of the poll and the proxies received in respect of each resolution are set out in the attached summary.

Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that it has received commitments for a U.S. public offering of 1,800,000 of its American Depositary Shares (“ADSs”), each representing 100 of its ordinary shares, at an issue price of US$6.30 per ADS, to raise gross proceeds of US$11.3 million (~A$16.2 million) (“Public Offering”).

ThinkEquity, a division of Fordham Financial Management, Inc., and Loop Capital Markets LLC are acting as joint book-running managers for the Public Offering, and Canaccord Genuity LLC and Roth Capital Partners are acting as financial advisors. Due to strong investor demand, the underwriters have also exercised their option to purchase an additional 265,000 ADSs from the Company to cover over­ allotments at the issue price of US$6.30 per ADS, to raise additional gross proceeds of US$1.7 million (~A$2.4 million).

Piedmont has also received commitments from existing non-U.S. institutional and sophisticated shareholders and directors for 120,000,000 of its fully paid ordinary shares, at an issue price of A$0.09 per share (which equates to the same issue price of the Public Offering), to raise gross proceeds of A$10.8 million (“Private Placement”). Completion of the Private Placement is subject to shareholder approval to be sought at a general meeting expected to be held late July 2020. Canaccord Genuity (Australia) Limited and Shaw and Partners Limited are acting as joint-lead managers to the Private Placement.

Directors of Piedmont will, subject to shareholder approval, participate in the Private Placement by subscribing for 3,590,909 ordinary shares of the total 120,000,000 shares.

Proceeds from the Public Offering and Private Placement will be used to continue development of the Company’s Piedmont Lithium Project, including a definitive feasibility study, testwork, permitting, and ongoing land consolidation, and for general corporate purposes.

The Public Offering is expected to close on or about June 11, 2020 and the ADSs, each representing 100 ordinary shares, will be issued under ASX Listing Rules 7.1 (123,948,030 ordinary shares) and 7.1A (82,551,970 ordinary shares). The Private Placement is expected to be completed in late July 2020, following shareholder approval. The issue price of A$0.09 per ordinary share represents a 21% discount to the 20-day VWAP on ASX of A$0.114.

The Public Offering is being made pursuant to an effective shelf registration statement that has been filed with the U.S. Securities and Exchange Commission (the “SEC”). A prospectus supplement related to the offering of the ADSs has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov and on the ASX website.

This press release is not an offer or sale of the securities in the United States or in any other jurisdiction where such offer or sale is prohibited, and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended.

About Piedmont

Piedmont holds a 100% interest in the Piedmont Lithium Project (“Project”) located within the 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 for development of an integrated lithium business based on its favorable geology, spodumene-only mineralogy, 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.

This announcement has been authorized for release by the Company’s President & CEO, Keith D. Phillips.

PROSPECTUS SUPPLEMENT
(To the Prospectus Dated November 14, 2019)
1,800,000 American Depositary Shares
Representing Ordinary Shares

This is a firm commitment public offering of 1,800,000 American Depositary Shares (‘‘ADSs’’), each representing 100 of our ordinary shares, no par value.

The ADSs are listed on the Nasdaq Capital Market (the ‘‘Nasdaq’’) under the symbol ‘‘PLL.’’ On June 5, 2020, the last reported sale price of the ADSs was US$8.26 per ADS on Nasdaq. In addition, our ordinary shares are listed on the Australian Securities Exchange (the ‘‘ASX’’) under the symbol ‘‘PLL.’’ On June 5, 2020, the last reported sale price of our ordinary shares was A$0.13 per share on the ASX, which is equivalent to $9.10 per ADS, based on an exchange rate of $0.70 to A$1.00 as of June 5, 2020 and an ADS-to-share ratio of 1 to 100. The highest aggregate market value of the outstanding ADSs held by non-affiliates within the 60 days prior to this prospectus supplement was approximately $59.1 million. During the twelve calendar months immediately prior to and including the date of this prospectus supplement, we have not sold any ADSs pursuant to General Instruction I.B.5. of Form F-3.

We are an ‘‘emerging growth company’’ under the federal securities laws and have elected to comply with certain reduced public company reporting requirements.

After the pricing of this offering, we expect to offer certain of our existing shareholders the opportunity to purchase in a private placement transaction or a Regulation S transaction up to an aggregate of 120,000,000 ordinary shares at the public offering price of this offering. The closing of this offering is not conditioned upon closing of such placements. We expect the concurrent placements will be fully committed upon the closing of this offering, but the completion of such placements will be subject to shareholder approval pursuant to ASX listing rules.

Investing in the ADSs involves a high degree of risk. Before buying any ADSs, you should review carefully the risks and uncertainties described under the heading ‘‘Risk Factors’’ beginning on page S-10 of this prospectus supplement and in the documents incorporated by reference into this prospectus supplement and the accompanying prospectus.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Entity name: PIEDMONT LITHIUM LTD

Announcement Type: New announcement

Date of this announcement: Thursday June 11, 2020

The Proposed issue is: A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

ASX +Security Code: PLL

+Security Description: ORDINARY FULLY PAID

Maximum Number of +securities to be issued: 206,500,000

Proposed +issue date: Thursday June 11, 2020

Refer to next page for full details of the announcement

Piedmont Lithium Limited
UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
for the nine months ended March 31, 2020 and 2019

Piedmont Lithium Limited (ASX: PLL; NASDAQ: PLL) (“Piedmont” or “Company”) advises that a general meeting of shareholders (“Meeting”) was held today, March 18, 2020, at 10.00am (WST).

The resolutions voted on were in accordance with the Notice of General Meeting previously advised to the Australian Securities Exchange (“ASX”).

All resolutions were decided on and carried by way of a poll.

In accordance with Section 251AA of the Corporations Act 2001, the details of the poll and the proxies received in respect of each resolution are set out in the attached summary.

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

CHANGE OF DIRECTOR’S INTEREST NOTICE

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Piedmont Lithium Limited (ASX: PLL; NASDAQ: PLL) (“Piedmont” or “Company”) advises that a General Meeting for the Company was held today, October 8, 2019, at 10.00am (WST).

The resolutions voted on were in accordance with the Notice of General Meeting previously provided to the Australian Securities Exchange (“ASX”).