Sarah Wells

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

NEW YORK, May 16, 2018 /PRNewswire/ —

• Piedmont has received assay results from a further 41 holes with 40 of 41 holes showing high grade mineralisation including:
• 28.5m of cumulative thickness of mineralization (non-continuous) across 7 pegmatites which includes high grade intercepts of 6.2m @ 1.21% Li₂O and1.4m @ 1.50 Li₂O in Hole 18-BD-166
• 19.1mof cumulative thickness of mineralization (non-continuous) across 2 dikes which includes high grade intercepts of 8.3m @ 1.66%Li₂O and 10.9m @ 1.05% Li₂O in Hole 18-BD-174
• 20.9m of cumulative thickness of mineralization (non-continuous) across 3 pegmatites which includes high grade intercepts of 4.6m @ 1.44% Li₂O and3.0m @ 1.35 Li₂O in Hole 18-BD-176
• 18.4m of cumulative thickness of mineralization (non-continuous) across 7 pegmatites which includes high grade intercepts of 7.7m @ 1.23% Li₂O and1.7m @ 1.52 Li₂O in Hole 18-BD-177
• 24.0m of cumulative thickness of mineralization (non-continuous) across 6 pegmatites which includes high grade intercepts of 11.7m @ 1.23% Li₂O and2.6m @ 1.45 Li₂O in Hole 18-BD-180
• 21.3m of cumulative thickness of mineralization (non-continuous) across 3 pegmatites which includes high grade intercepts of 8.9m @ 1.36% Li₂O and6.2m @ 1.34 Li₂O in Hole 18-BD-194
• 17.7m of cumulative thickness of mineralization (non-continuous) across 4 pegmatites which includes high grade intercepts of 3.3m @ 2.38% Li₂O and9.4m @ 1.65 Li₂O in Hole 18-BD-204
• 21.8m of cumulative thickness of mineralization (non-continuous) across 5 pegmatites which includes high grade intercepts of 8.0m @ 1.62% Li₂O and2.6m @ 1.88% Li₂O in Hole 18-BD-208
• Infill drilling has been completed and the Company is now finishing wide spaced exploration holes on the core property
• Exploration drilling on the recently-announced Sunnyside property will commence in June
• Maiden resource continues to remain on-track for delivery by end of 2^nd Quarter 2018

Piedmont Lithium Limited (“Piedmont” or “Company”) (ASX:PLL; NASDAQ: PLLL) is pleased to advise that the Company has received assay results from a further 41 holes from the current drilling campaign on its properties in the Carolina Tin-Spodumene Belt (“TSB“) in North Carolina, United States. The Company remains on schedule to release a maiden Mineral Resource estimate in accordance with the JORC Code by the end of the 2^nd Quarter 2018.

The results build upon the previous drilling completed on the property and continue to show similar high-grade mineralisation and pegmatite intercepts. For the Phase 3 program, the Company has completed 117 holes totalling 20,279 meters.  Due to operational efficiencies of the Piedmont field crew and the drilling contractor, the original Phase 3 program was completed under budget, thus allowing for additional drill meters at the Piedmont Project as well as initial drilling at the regional targets, Sunnyside and the Central Properties.  The table below shows an updated Plan for Phase 3 drilling.

Infill drilling at the Core property is completed and exploratory drilling will be completed in the coming weeks. The maiden Mineral Resource estimate continues to remain on-track for delivery by end of 2^nd Quarter 2018.

A drill rig will be mobilized to the Sunnyside property within the next few weeks as soon as the North Carolina State Sedimentation and Erosion permit is issued.  The initial Sunnyside drilling is expected to consist of 4 to 6 holes totalling 600 to 900 meters. 

Keith D. Phillips, President and Chief Executive Officer, said, “Phase 3 drilling has been very successful.  Strong results have been generated and the team has accomplished the project on-time and under-budget.  We are on track to have a maiden Mineral Resource estimate in June and a Scoping Study shortly thereafter.”

Piedmont Lithium Project Cross Section

The seven exploratory holes tested three areas. The first was an area in the north western portion of the property defined by holes 18-BD-191, 197, 201, and 208.  This area consisted of subcrop and boulder trains that had not been previously drill tested.  All four holes returned multiple mineralized pegmatites.  A few of the significant intercepts are in18-BD-208 where 8.0m @ 1.62% Li₂O was reported and in 18-BD-197 where 3.0m @ 1.34% Li₂O and 5.5m @ 1.38% Li₂O was reported.

In the second area, located in the north central portion of the property, holes 18-BD-199 and 206 tested outcrop and boulders not previously drill tested.  Both holes returned multiple zone of mineralized pegmatite (results in Appendix 1).  The third area was a follow up to the historic hole 10-BD-14 in which 18-BD-207 was collared approximately 40 meters to the southwest.  18-BD-207 intercepted 6 mineralized pegmatites with high grade intercepts of 3.8m @ 1.20% Li₂O and 2.1m @ 1.99% Li₂O.

For further information, contact:

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SOURCE Piedmont Lithium Limited

NEW YORK, May 14, 2018 /PRNewswire/ — Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that it has appointed Mr. Jim Harkins as a technical advisor to the Company.  Jim will provide peer review and technical support for the Company’s planned development of a spodumene concentrator in the historic Carolina Tin-Spodumene Belt (“TSB“) located in North Carolina, United States.

Mr. Harkins has over 35 years’ experience in mineral processing including 20 years in spodumene concentration.  Mr. Harkins worked in increasingly senior engineering roles at FMC’s historic Hallman-Beam mine and was in mill management positions for nine years until FMC ceased operations at Hallman-Beam in 1998.  Mr. Harkins modernized and innovated processing at FMC during his tenure including successful application of some of the earliest commercially available ore-sorting technologies, modernization of flotation technology, and improvements in instrumentation and control.

Mr. Harkins considerable experience in design engineering, operations, management and quality control of spodumene concentration will provide the Company with tremendous knowledge as the Piedmont Lithium Project advances into further technical study.  Mr. Harkins will participate in all aspects of Piedmont Lithium’s metallurgical testwork program and engineering studies in a peer review capacity.

Jim Harkins holds a Bachelor of Science in Mineral Processing Engineering from West Virginia University, is a certified US Mine Safety and Health Administration (MSHA) instructor, an active member of SME and the American Society for Quality, and a former member of the NC State University Minerals Research Laboratory advisory board.

Keith D. Phillips, President and Chief Executive Officer, commented: “We are very pleased to welcome Jim Harkins to our team as a Technical Advisor.  With 20 years of spodumene concentration experience, including 9 years as the mill manager at FMC’s historic Hallman-Beam project, Jim is one of the world’s foremost experts in spodumene concentration, and is a further example of the deep lithium industry talent pool available in Gaston County, NC.”    

For further information, contact:

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SOURCE Piedmont Lithium Limited

NEW YORK, May 9, 2018 /PRNewswire/ —

• The recently-acquired 255-acre property immediately south of the historic Hallman Beam Mine previously operated by FMC Corporation has been named the Sunnyside property and represents an integral part component of the Piedmont Lithium Project
• The Sunnyside property hosts significant surface exposures of spodumene bearing pegmatite
• High grade lithium mineralization identified in grab samples including;
• 3.47% Li₂O
• 2.82% Li₂O
• 2.10% Li₂O
• 1.99% Li₂O
• Piedmont will commence drilling on the Sunnyside property in the coming weeks, immediately after completion of the infill drilling campaign currently finishing up on the core property

Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce a new exploration target, the Sunnyside property, within the historic Carolina Tin Spodumene Belt (“TSB“) in North Carolina.  The Sunnyside property hosts a high grade spodumene showing located immediately south of the historic Hallman Beam Mine, which was operated for 43 years by FMC Corporation and is less than 5 miles from Piedmont’s core property.

Two large surface exposures of spodumene-bearing pegmatite have been identified by initial sampling and mapping and will be the main target of initial drilling on the Sunnyside property which will begin shortly as resource definition drilling is nearing completion at the core property.

Keith D. Phillips, President and Chief Executive Officer, said, “We are excited about the prospectivity of our new property and the naming is intended to highlight the potential significance of the Sunnyside area to the broader Piedmont Lithium Project.  A successful drill campaign is nearing completion on the core property and a maiden Resource is expected by the end of June.  We will then turn our attention to Sunnyside, where we are hopeful that mine-life and/or throughput additions will have a materially positive impact on the economics of the integrated project.”

For further information, contact:

Sunnyside Geology

The Sunnyside property consists of approximately 255 contiguous acres and hosts significant occurrences of spodumene bearing pegmatite.  Initial interpretations recognize two bodies that generally trend to the west northwest which is subparallel to the trend of the historic Hallman Beam deposit.  Surface exposures of outcrop/sub crop/float range from 60 meters by 150 meters for the northern body and from 25 meters by 150 meters for the southern body. A barren pegmatite is mapped trending north northeast.

Select grab samples from the spodumene bearing pegmatite have yielded high grade values including 3.47%, 2,82%, 2.10% and 1.99%Li₂O with further results in Appendix 1.  The mineralization is hosted in fine to coarse grained pegmatite.  Coarse grained varieties commonly contain spodumene crystals greater than 10 cm in length.  Locally, textural and/or compositional banding is observed which consistently dips moderately to the south.

Approximately 280 meters southwest of the main occurrence, several float blocks were sampled and returned 2.61% Li₂O.  Also, to the southwest, the property owner reported spodumene in cuttings from a drilled water well.  An historic mica mine occurs due west of the main occurrence, where mine dump material includes coarse grained pegmatite with muscovite sheets/books greater than 10 cm in diameter.

The Company is highly encouraged by these initial results and considers the Sunnyside exposures as a high priority drill target.  Initial drilling is scheduled for the upcoming weeks and is expected to consist of 4-6 diamond drill holes totalling 600-1000 meters.  Data will be collected from oriented drill core which will aid in the structure interpretation of the spodumene pegmatites.

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SOURCE Piedmont Lithium Limited

NEW YORK, May 7, 2018 /PRNewswire/ — Piedmont Lithium Limited (NASDAQ: PLLL, ASX: PLL)(“Piedmont” or “Company”), a lithium company focused on the development of its Piedmont Lithium Project in North Carolina, is pleased to announce that its American Depositary Receipts (“ADR’s”) have been approved for listing on the Nasdaq Capital Market (“Nasdaq”). 

Trading commenced in the U.S. on May 7, 2018 under the ticker symbol “PLLL”. Each ADR represents 100 ordinary shares in the Company. The Company’s ordinary shares will continue to trade on the Australian Stock Exchange under the symbol “PLL”.

The SEC registration and Nasdaq listing process does not include any capital raising.  Piedmont had a cash balance of approximately A$12.7 million as of March 31, 2018 and is fully-financed for its 2018 activities.

Keith D. Phillips, President and Chief Executive Officer, commented:

“Nasdaq is one of the world’s premier venues for growth companies, and we expect this listing will provide increased liquidity for current investors and will increase Piedmont’s exposure to institutional and retail investors in the United States.

“The Nasdaq listing comes at an important time in our Company’s evolution, with a maiden Mineral Resource expected next month and a Scoping Study planned for Q3 2018.

“We will now be launching aggressive investor outreach across the United States, anchored by presentations next week at the New York, Chicago and San Francisco Benchmark Minerals Intelligence events co-sponsored by Bloomberg and Deutsche Bank.”

As previously announced, Mr. Jorge M. Beristain has joined the Board of Directors as an Independent Non-Executive Director, effective with the Nasdaq listing, and Mr. Robert Behets has stepped down from his Non-Executive Director position.

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities.

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SOURCE Piedmont Lithium Limited

NEW YORK, April 9, 2018 /PRNewswire/ —

• Piedmont has established a large land position in the historic lithium region of North Carolina, USA
• Aggressive drilling continues to define high grade mineralisation supporting the completion of a maiden Mineral Resource by the end of Q2 2018
• Piedmont has commenced an integrated Scoping Study with completion expected in Q3 2018
• Initial spodumene flotation test work indicates spodumene concentrate grades exceeding 6.0% Li₂O and less than 1.0% Fe₂O₃
• Baseline permitting work is underway and permit applications are on track for submittal in Q4 2018
• The Scoping Study will highlight the positive economic implications of Piedmont’s unique location, which are evident in benchmarking key capital and operating cost factors vs. select other hard rock lithium regions

Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to provide an update on the development of the Company’s 100% owned Piedmont Lithium Project (“Project”) in the Carolina Tin-Spodumene Belt (“TSB“) in North Carolina, United States. The Company remains on schedule to release a maiden Mineral Resource estimate in accordance with the JORC Code by the end of the 2^nd Quarter 2018 and the integrated Scoping Study shortly thereafter.

Keith D. Phillips, President and Chief Executive Officer, said, “The progress made over the past several months with land acquisition, drilling and metallurgical test work reinforces our view that the Piedmont Lithium Project will develop into a world class, low cost, integrated lithium operation, as formerly existed in North Carolina. The Company aims to develop the project on a phased approach using conventional technology, much of which was initially developed in our home region.”

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SOURCE Piedmont Lithium Limited

NEW YORK, April 3, 2018 /PRNewswire/ —

• Piedmont has received further high-grade assay results from a further 21 holes with all holes showing high grade mineralisation including:
• 20.6m of cumulative thickness of mineralization (non-continuous) across 4 pegmatites which includes high grade intercepts of 14.6m @ 1.21% Li₂O, 2.5m @ 1.38% Li₂O and1.8m @1.37 Li₂O in Hole 17-BD-160
• 26.5m of cumulative thickness of mineralization (non-continuous) across 7 pegmatites which includes high grade intercepts of 6.0m @ 1.44% Li₂O, 1.5m @ 2.15% Li₂O and2.3m @1.16 Li₂O in Hole 17-BD-162
• 20.5m of cumulative thickness of mineralization (non-continuous) across 4 pegmatites which includes high grade intercepts of 10.0m @ 1.19% Li₂O, 2.0m @ 1.53% Li₂O and5.1m @1.22 Li₂O in Hole 17-BD-144
• 18.1m of cumulative thickness of mineralization (non-continuous) across 5 pegmatites which includes high grade intercepts of 8.1m @ 1.68% Li₂O, 2.9m @ 1.40% Li₂O and1.5m @1.32 Li₂O in Hole 17-BD-151
• Infill drilling is nearing completion and the Company is now looking forward to moving drill rigs to high priority exploration targets on its properties
• Maiden resource continues to remain on-track for delivery by end of 2^nd Quarter 2018

Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that the Company has received assay results from a further 21 holes from the current 20,000 meter drilling campaign on its properties in the Carolina Tin-Spodumene Belt (“TSB“) in North Carolina, United States. The Company remains on schedule to release a maiden Mineral Resource estimate in accordance with the JORC Code by the end of the 2^nd Quarter 2018.

The results build upon the previous drilling completed on the property and continue to show similar high-grade mineralisation and pegmatite intercepts. The Company has six drill rigs on site and has completed 76 holes totalling just over 13,000 meters of its planned 20,000-meter Phase 3 program. Infill drilling is expected to be completed within the next few weeks and upon completion the Company will move to drilling high priority targets to assist in delineating further potential resources.  

Keith D. Phillips, President and Chief Executive Officer, said, “Infill drilling is going very well and resource modelling is ongoing.  We look forward to completing the infill work soon and then shifting to exploration drilling, leading ultimately to a maiden Mineral Resource estimate in June and a Scoping Study shortly thereafter.”

Phase 2 Results and Discussion

The current Phase 3 drilling campaign is focused on infill drilling along the trends defined by the Phase 2 program. These 21 holes (holes 144 to 165, awaiting assays on hole 155) are part of the initial infill drilling required for the compilation of the maiden Mineral Resource estimate. These results (Appendix 1) are consistent with Phase 2 results and are currently being added to the geological model.

Approximately 13,000 meters of the 20,000-meter Phase 3 drilling program will be focused on infill drilling whereas the remaining meterage will test high priority exploration targets on the property, test the along strike and down dip extensions within the current drilling area, and test the potential of the newly acquired properties.  To date, 73 infill holes totalling just over 12,500 meters have been completed whereas 3 exploration holes for approximately 500 meters have been completed. The Company expects the completion of the infill drilling campaign in the coming weeks with emphasis switching to the exploration and wide spaced drilling portion of the Phase 3 program

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; OTC-Nasdaq Intl: 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 1,200 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, March 18, 2018 /PRNewswire/ — Piedmont Lithium Limited (ASX: PLL; OTC – Nasdaq International: PLLLY)(“Piedmont” or “Company”) is pleased to announce that it has filed a registration statement on Form 20-F to register its ordinary shares with the United States Securities and Exchange Commission (“SEC”).  The registration statement remains subject to review by the SEC staff.  A Form 20-F, once declared effective by the SEC, allows certain non-U.S. issuers to register securities with the SEC pursuant to applicable U.S. securities laws.

Piedmont’s registration of ordinary shares, if approved, would allow American depositary shares (“ADSs”) representing ordinary shares to be listed on a national securities exchange in the United States. The Company has made an application to list the ADSs on the Nasdaq Capital Market (“Nasdaq”), with each ADS representing 100 ordinary shares of the Company.

The Company will maintain its existing listing of ordinary shares on the Australian Securities Exchange (“ASX”) under the symbol “PLL”.  A copy of the Form 20-F registration statement filed with the SEC is available on Piedmont’s website.

In addition, the Company is pleased to announce the appointment of Mr. Jorge M. Beristain to the Board of Directors as an Independent Non-Executive Director. Mr. Robert Behets has advised that he will step down from his Non-Executive Director position.

Mr. Beristain recently retired as Managing Director and Head of Deutsche Bank’s Americas Metals & Mining equity research, where he was consistently ranked by institutional investors as one of the top analysts in the United States. During his over 20-year career on Wall Street, Mr. Beristain has lived and worked in the United States, Latin America and Canada and has visited hundreds of industrial companies worldwide. He is a proven strategic thinker with extensive international experience in the valuation of mining projects and metals operations and downstream metal uses. Mr. Beristain holds a Bachelor of Commerce degree from the University of Alberta and is a Chartered Financial Analyst.

The appointment of Mr. Beristain and the resignation of Mr. Behets will be effective from the date that the ADSs are listed in the United States. As a result of being appointed as a Director, Mr. Beristain will receive 1,000,000 incentive options (500,000 exercisable at A$0.25 on or before 30 June 2020 and 500,000 exercisable at A$0.35 on or before 31 December 2020).

Keith D. Phillips, President and Chief Executive Officer, said, “Our proposed U.S. listing is an important milestone for Piedmont Lithium and is expected to create greater exposure among institutional and retail investors in the U.S. and internationally. We are also pleased to welcome Jorge to the Board and are confident that we will gain from his independent perspective and deep relationships within the institutional investor community. And on behalf of the Board, I would like to thank Robert for his valuable contributions to the Company.”

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities.

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; OTC-Nasdaq Intl: 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 1,200 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