Month: November 2020

NEW YORK – Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce it has expanded the current drilling campaign by an additional 25,000 meters, with three additional rigs arriving in the field over the coming weeks. The expanded drill program is designed to complete infill drilling on the Core Property with the objective of upgrading the Mineral Resource classification category for select areas from the Inferred category to the Measured and Indicated categories.

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Piedmont Lithium Project Property Map Showing Mineral Resources, Exploration Targets and Proposed Drillholes (Graphic: Business Wire)

The Company plans to publish a Mineral Resource estimate update for the Core Property in Q2 2021 in support of reporting Ore Reserves and completion of a Definitive Feasibility Study in mid-2021.

The expanded drill program will also continue to explore the numerous spodumene pegmatites which have been discovered on the Company’s properties over the past several months. Assays are pending for several of these new discoveries.

The Company also plans an update to the Mineral Resource estimate of the Central Property in early-2021 based on the results of exploration drilling on the property completed in September 2020.

Piedmont expects to complete the expanded drill program in late spring 2021 but acknowledges that the schedule may be impacted by the ongoing COVID-19 pandemic. Field operations at the Piedmont Lithium Project continue under COVID-19 safety protocols, using guidelines and orders established by the State of North Carolina.

Keith D. Phillips, President and Chief Executive Officer, commented: “We are excited to be aggressively expanding our drill program with five drill rigs soon to be in the field. Our dual objectives are to upgrade the current Inferred Resources within the Core Property to support our upcoming DFS, while also growing the overall scale of our mineral resource tonnage. The Carolina Tin-Spodumene Belt is one of the world’s most prolific lithium belts and we are hopeful that we will ultimately delineate North America’s largest spodumene resource, ideally located in North Carolina to power North America’s clean energy storage and EV revolution.”

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Keith Phillips

President & CEO

+1 973 809 0505

kphillips@piedmontlithium.com

Tim McKenna

Investor and Government Relations

+1 732 331 6457

tmckenna@piedmontlithium.com

NEW YORK – Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that it will partner with SGS Canada, Inc. (“SGS”) in Lakefield, Ontario to complete a pilot-scale spodumene concentrator testwork program using a bulk sample collected from the Piedmont Lithium Project in North Carolina.

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Pilot Plant Setup at SGS Canada (Photo: Business Wire)

The Company collected over 50 tonnes of mineralized pegmatite from 17 locations across the Company’s Core Property in February 2020. Samples were collected from near surface pegmatites located in areas of early, middle, and late year production.

The pilot plant design will be based on the results of prior testwork programs and will be used to support both definitive feasibility study of the Company’s planned concentrate operations as well as detailed design engineering of the full-scale operations.

The pilot program will target production of a large sample of spodumene concentrate with at least 6.0% Li₂O and less than 1.0% Fe₂O₃ for use in future pilot-scale lithium hydroxide testwork programs that Piedmont will complete as part of Definitive Feasibility Study of the Company’s planned integrated lithium chemical plant.

Pilot Plant Setup at SGS Canada

The pilot scale testwork is viewed by the Company as a critical step in ensuring future commissioning and ramp-up success. Additionally, the bulk sample collected targeted a range of potential concentrator feed conditions, including low-grade zones and diluted feed. Testing variable conditions rather than an optimized feed will help inform engineering design and eliminate potential operational bottlenecks during the project design phase.

Keith D. Phillips, President and Chief Executive Officer, commented: “We are pleased to continue our partnership with SGS Canada on this important pilot-scale testwork program, which will underpin our upcoming definitive feasibility study as well as future detailed design engineering of our spodumene concentrator. The program will enable Piedmont to complete future lithium hydroxide testwork programs and also supply large samples of spodumene concentrate to our key customer, Tesla, for their own testing purposes.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20201111005204/en/

Keith Phillips

President & CEO

T: +1 973 809 0505

E: kphillips@piedmontlithium.com

Tim McKenna

Investor and Government Relations

T: +1 732 331 6457

E: tmckenna@piedmontlithium.com