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Month: October 2018

September 2018 Quarterly Report

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NEW YORK, Oct. 31, 2018 (GLOBE NEWSWIRE) — Piedmont Lithium Limited (ASX: PLL; NASDAQ: PLLL) (“Piedmont” or “Company”) is pleased to present its September 2018 quarterly report.

Highlights during and subsequent to the quarter were:

  • Completed an updated Scoping Study for the Company’s Piedmont Lithium Project (“Project”), located within the Carolina Tin-Spodumene Belt (“TSB”) in the United States, which delivered outstanding results including:
    • compelling economics due to attractive capital and operating costs, significant by-product credits, short transportation distances, minimal royalties and low corporate income taxes;
    • a chemical plant producing 22,700tpa of lithium hydroxide supported by an open pit mine and concentrator producing 170,000tpa of 6% spodumene concentrate; and
    • by-product quartz (99,000tpa), feldspar (125,000tpa), and mica (15,500tpa) providing credits to the cost of lithium production;
  • Completed bench-scale metallurgical testwork program to produce consistent high-grade spodumene concentrates (Li2O>6.0%) with low iron content (Fe2O3<1%);
  • Completed Mineral Resource estimates and bench-scale metallurgical testwork for by-product quartz, feldspar and mica as by-products of spodumene concentrate from the Project;
  • Commenced permitting on the Project for all federal, state and local permits, which is targeted for completion in 2019;
  • Completed initial exploratory drilling on the Company’s new Sunnyside and Central properties in the TSB, which returned encouraging results, including the Project’s widest intercept to-date.

Next steps:

  • Piedmont will now move forward with a Pre-Feasibility Study (“PFS”) on the Project, targeted for completion during 2019;
  • Additional drilling is planned on the core property to potentially extend the mine life by converting the new Exploration Target into a Mineral Resource;
  • Further metallurgical studies, including evaluating the potential for a Dense Medium Separation (“DMS”) before the flotation circuit, to further enhance operating costs in the concentrator;
  • Complete permit applications and secure the necessary permits to commence mining and processing operations at the Project; and
  • Continued expansion of the Company’s land position in the Carolina Tin-Spodumene Belt (“TSB”) with a focus on areas of high mineral prospectivity.

Click here to view the quarterly report.

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: keith@piedmontlithium.com     E: taso@piedmontlithium.com

 

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Appointment of Lithium Industry Veteran Timothy McKenna as Government and Public Relations Advisor

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  • 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:

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

 

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Notice of Annual General Meeting/Proxy Form

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The Annual General Meeting of the Company will be held at the Conference Room, Ground Floor, BGC Centre, 28 The Esplanade, Perth, Western Australia on Wednesday, 21 November 2018 commencing at 10:00am (WST).

This Notice and the accompanying Explanatory Memorandum should be read in its entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their stock broker, investment advisor, accountant, solicitor or other professional adviser prior to voting.

Should you wish to discuss any matter please do not hesitate to contact the Company Secretary by
telephone on + 61 8 9322 6322.

Shareholders are urged to attend or vote by lodging the Proxy Form enclosed with the Notice.

Encouraging Initial Drilling Results From New Central and Sunnyside Properties

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  • 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

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Piedmont Lithium Upcoming Conference Participation

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NEW YORK, Oct. 03, 2018 (GLOBE NEWSWIRE) — Piedmont Lithium Limited (ASX: PLL, Nasdaq International: PLLL) (“Piedmont” or “Company”) is pleased to announce that it will be attending or presenting at the following conferences in the United States:

Event:                   The Money Show
Date:                     October 3-5
Location:              Hyatt Regency, Dallas, TX

Event:                   S&P Platts Battery Metals Conference 
Date:                     October 16-17, 2018
Location:              New York Marriott Brooklyn Bridge, New York, NY 

Event:                   Benchmark Minerals CATHODES 2018 
Date:                     October 24-25, 2018
Location:              Balboa Beach Resort, Newport Beach, CA

Event:                   New Orleans 2018 Investment Conference
Date:                     November 1-4, 2018
Location:              Hilton New Orleans, Riverside, New Orleans, LA

For investors attending any of these events please contact Piedmont Investor Relations to schedule a meeting with Piedmont management at ir@piedmontlithium.com

Keith D. Phillips
President & CEO
T: +1 973-809-0505		 Anastasios (Taso) Arima
Executive Director
T: +1 347-899-1522		  

 

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.

Piedmont Lithium Locations within the Carolina Tin-Spodumene Belt 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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