Month: June 2018

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

NEW YORK, June 6, 2018 /PRNewswire/ —

• Piedmont has completed its Phase 3 drill program on the Core property and has received assay results from an additional 26 holes, with high grade mineralisation in all holes including:
• 23.3m of cumulative thickness of mineralization (non-continuous) across 5 pegmatites which includes high grade intercepts of 5.2m @ 1.30% Li₂O, 7.5m @ 1.37% Li₂O and5.2m @ 1.58% Li₂O in Hole 18-BD-189
• 28.5m of cumulative thickness of mineralization (non-continuous) across 4 pegmatites which includes high grade intercepts of 8.4m @ 1.47% Li₂O, 5.2m @ 1.53 Li₂O and11.4m @ 1.00% Li₂O in Hole 18-BD-220
• 20.4m@ 1.61% Li₂O of continuous mineralization across 1 pegmatite, including a high-grade zone of 11.0m @ 2.04% Li₂O in Hole 18-BD-228
• Maiden Mineral Resource estimate for the Core property to be announced in the coming weeks
• Hole 18-BD-228 is the thickest single pegmatite to date on the property with over 20 meters of continuous high-grade mineralization (20.4m@ 1.61% Li₂O)
• Exploration drilling on the recently-announced Sunnyside property has commenced and results are expected to be made available in the coming weeks

Piedmont Lithium Limited (“Piedmont” or “Company”) (ASX: PLL; NASDAQ: PLLL) is pleased to advise that the Company has completed its Phase 3 Drilling Program and has received assay results from another 26 holes from its Core property in the Carolina Tin-Spodumene Belt (“TSB“) in North Carolina, United States. The Company intends to release a maiden Mineral Resource estimate on the Core property in accordance with the JORC Code in the coming weeks.

For the Phase 3 program, the Company has completed 124 holes totalling 21,360 meters on its core property. Fifteen remaining holes from the Phase 3 campaign have assays pending.

Operational efficiencies during the Phase 3 drilling budget allowed the Company to exceed the planned meterage of 20,000 meters by 1,360 meters and will allow for initial drilling on the Sunnyside and Central properties (see Table below).  The necessary state permits have been received and drilling is underway at the Sunnyside Property with one hole completed.  Results of drilling in these exploratory areas will be released in the coming weeks.

Keith D. Phillips, President and Chief Executive Officer, said, “Drilling on the core property is now complete and we look forward to issuing our maiden Mineral Resource estimate in the near future, accompanied by a revised exploration target.  Additionally, we are excited about the exploration drilling that has commenced at Sunnyside and hopeful that we will identify significant resource upside on that property.”

For further information, contact:

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SOURCE Piedmont Lithium Limited