Best-Ever Drill Intercepts at Piedmont Lithium Project

Best-Ever Drill Intercepts at Piedmont Lithium Project

 
PRESS RELEASE  |  March 14, 2019  |  NASDAQ:PLL  |  ASX:PLL
  • Drill results continue to showcase the outstanding potential of the
    lithium-rich, low-cost Carolina Tin-Spodumene Belt in North Carolina,
    USA
  • Drill intercepts from 4 Central property holes returned outstanding
    grade:

    • 43.2m @ 1.73% Li2O in Hole 19-CT-014
    • 14.1m @ 1.63% Li2O in Hole 19-CT-013
    • 28.1m @ 1.35% Li2O in Hole 19-CT-015
  • Drill intercepts from 19 Core property holes delivered strong
    results consistent with historical drilling
  • Phase 4 drilling continues with 3 drill rigs active on the Core
    property and a total of 57 holes completed to-date with assay results
    pending for 34 holes
  • Piedmont expects to release a maiden Mineral Resource estimate for
    Central by April 2019
  • Piedmont expects to release an updated Mineral Resource estimate
    for Core by June 2019
  • High confidence in significantly enhancing the Project’s mine life
    post Mineral Resource updates

NEW YORK – Piedmont Lithium Limited (“Piedmont” or “Company”) is
pleased to announce Phase 4 drill results for 23 drill holes (refer
Appendix 1) completed on the Piedmont Lithium Project (“Project”)
located within the world-class Carolina Tin-Spodumene Belt (“TSB“)
in North Carolina, USA. The high-grade results are from the recently
discovered pegmatites on the Central property and Exploration Target
areas on the Core property (Figure 1). High-grade mineralization was
encountered in all 23 holes drilled.

Positive drill results from the Central property continue including the
thickest high-grade intercept reported on the Project to-date, 43.2m
@ 1.73% Li
2O,encountered in hole
19-CT-014. The Company now expects to publish a maiden Mineral Resource
estimate for the Central property by April 2019.

Phase 4 drilling continues on the Core property with the principal aim
to significantly expand the 13-year project life reported in the
Company’s Scoping Study announced in September 2018. Further updates to
the Project’s existing Mineral Resource of 16.2Mt @ 1.12% Li2O
are expected over the next several months.

Keith D. Phillips, President and Chief Executive Officer, commented: “We
are exceedingly happy with the early results from Phase 4 drilling.
It
is clear to us that the Core property will continue to grow in size, and
the results from Central are potentially transformational for the
Project.
With a maiden resource for Central now planned for next
month and an updated resource at Core expected in by June, we believe
Piedmont will soon be positioned as one of the largest hard-rock lithium
projects in North America, while enjoying all the benefits of our unique
North Carolina, USA location.

Click
here to view the ASX Announcement

For further information:
Keith D. Phillips
President &
CEO
T: +1 973 809 0505
E: kphillips@piedmontlithium.com

Anastasios
(Taso) Arima

Executive Director
T: +1 347 899 1522
E: tarima@piedmontlithium.com

For further information, contact:

Keith Phillips
President & CEO
T: +1 973 809 0505
E: kphillips@piedmontlithium.com
Brian Risinger
VP – Investor Relations and Corporate Communications
T: +1 704 910 9688
E: brisinger@piedmontlithium.com