Piedmont Lithium to Host Investor Webinar on May 29 to Provide Update on Recent Developments
PRESS RELEASE | May 28, 2019 | NASDAQ:PLL | ASX:PLL
NEW YORK –
Piedmont Lithium Limited (ASX:PLL; NASDAQ:PLL) (“Piedmont” or
“Company”) announced today that it will participate in an investor
webinar and Q&A session on Wednesday, May 29, 2019, at 1:00 p.m. EDT
hosted by RedChip Companies.
The webinar will feature a presentation by Keith Phillips, President and
CEO, who will discuss recent developments and upcoming milestones at the
Company’s world-class lithium project in North Carolina. Please note
that this webinar was pre-recorded using a prior company presentation.
Piedmont Lithium Limited (ASX:PLL; Nasdaq:PLL) holds a 100% interest in
the Piedmont Lithium Project located within the Carolina Tin-Spodumene
Belt (“TSB”) and along trend to the Hallman Beam and Kings Mountain
mines, which historically provided most of the western world’s lithium
between the 1950s and the 1980s. The TSB has been described as one of
the largest lithium regions in the world and is located approximately 25
miles west of Charlotte, North Carolina.
In September 2018 the Company published a Scoping Study for an
integrated lithium hydroxide business based on a maiden Mineral Resource
estimate of 16.2 million tonnes (“Mt”) grading at 1.12% Li2O which
featured a 13-year project life, NPV8 of US$888 million, a US$3,112 per
tonne lithium hydroxide operating cost, and a US$193 per tonne spodumene
concentrate operating cost.
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.
Cautionary Note to United States Investors Concerning Estimates of
Measured, Indicated and Inferred Resources
The information contained in this announcement has been prepared in
accordance with the requirements of the securities laws in effect in
Australia, which differ from the requirements of U.S. securities laws.
The terms “mineral resource”, “measured mineral resource”, “indicated
mineral resource” and “inferred mineral resource” are Australian terms
defined in accordance with the 2012 Edition of the Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves
(the “JORC Code”). However, these terms are not defined in Industry
Guide 7 (“SEC Industry Guide 7”) under the U.S. Securities Act of 1933,
as amended (the “U.S. Securities Act”), and are normally not permitted
to be used in reports and filings with the U.S. Securities and Exchange
Commission (“SEC”). Accordingly, information contained herein that
describes Piedmont’s mineral deposits may not be comparable to similar
information made public by U.S. companies subject to reporting and
disclosure requirements under the U.S. federal securities laws and the
rules and regulations thereunder. U.S. investors are urged to consider
closely the disclosure in Piedmont’s Form 20-F, a copy of which may be
obtained from Piedmont or from the EDGAR system on the SEC’s website at http://www.sec.gov/.
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.
The Project’s Mineral Resource of 16.2Mt @ 1.12% Li2O comprises
Indicated Mineral Resources of 8.5Mt @ 1.15% Li2O and Inferred Mineral
Resources of 7.7Mt @ 1.09% Li2O. The information in this announcement
that relates to Exploration Targets and Mineral Resources is extracted
from the Company’s ASX announcement dated June 14, 2018 which is
available to view on the Company’s website at www.piedmontlithium.com.
The information in this announcement that relates to Metallurgical
Testwork Results is extracted from the Company’s ASX announcements dated
September 4, 2018 and July 17, 2018 which are available to view on the
Company’s website at www.piedmontlithium.com.
The information in this announcement that relates to Process Design,
Process Plant Capital Costs, and Process Plant Operating Costs is
extracted from the Company’s ASX announcements dated September 13, 2018
and July 19, 2018 which are available to view on the Company’s website
The information in this announcement that relates to Mining Engineering
and Mine Schedule is extracted from the Company’s ASX announcements
dated September 13, 2018 and July 19, 2018 which are available to view
on the Company’s website at www.piedmontlithium.com.
Piedmont confirms that: a) it is not aware of any new information or
data that materially affects the information included in the original
ASX announcements; b) all material assumptions and technical parameters
underpinning Mineral Resources, Exploration Targets, Production Targets,
and related forecast financial information derived from Production
Targets included in the original ASX announcements continue to apply and
have not materially changed; and c) the form and context in which the
relevant Competent Persons’ findings are presented in this report have
not been materially modified from the original ASX announcements.