Month: January 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.

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:

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.

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SOURCE Piedmont Lithium Limited

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:

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

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:

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