Comprehensive Drilling Program Commences At The Piedmont Lithium Project

NEW YORK, Dec. 12, 2017 /PRNewswire/ — Piedmont Lithium Limited (ASX: PLL, OTC-Nasdaq: PLLLY) (“Piedmont” or “Company”) is pleased to announce that following completion of the recent capital raising and building upon the successful results from previous drilling programs, a new comprehensive 20,000-meter drill program has commenced at the Piedmont Lithium Project (“Project“), located within the world-class Carolina Tin-Spodumene Belt (“TSB“). The new drill program will be focused on completing infill drilling for the definition of a maiden Mineral Resource and also aggressively testing the extensions of the pegmatites identified both along strike and down dip.

In addition, based on the drilling results on the portions of the Project explored to-date and geological modelling of the pegmatites, an initial Exploration Target of between 10 to 15 million tonnes at a grade of between 1.00% and 1.25% Li2O has been estimated by CSA Global. 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.

The Company remains highly confident in its ability to develop a world class integrated lithium operation in North Carolina and will continue its land acquisition strategy to capitalize on its “first-mover” initial land position in the Carolina Tin-Spodumene Belt. The location of the Project gives it key competitive strengths over other potential lithium locations worldwide:

  • The only independent spodumene project strategically located in the US
  • Proximity to major downstream lithium processing facilities
  • Proximity to major US battery customers (GM, BMW, Nissan, Mercedes, Tesla, etc)
  • Closely located to established low cost gas and power infrastructure
  • Strong, large and low cost local workforce with experience in lithium sector
  • Proximity to major transportation infrastructure including highways, rail, airports and ports
  • Located in North Carolina, a mining and development friendly state

Keith D. Phillips, President and Chief Executive Officer, said, “We are extremely pleased with the scale of our initial Exploration Target for the Project, which is based on the portion of our initial core land package that has been drilled to date, and leaves considerable upside as we broaden our drill horizons and continue to expand our land package. Our next drilling program will position us to announce a maiden Mineral Resource in early to mid-2018, which will serve as the basis of a Scoping Study on the Project shortly thereafter.

“Given the numerous advantages inherent in our location in North Carolina, including outstanding infrastructure, a strong local work force, and proximity to important lithium processing facilities and other downstream customers, this initial Exploration Target is more than sufficient to support the potential re-establishment of a strategic high value battery materials operation.”

 

Figure 1: Piedmont Lithium Proposed Drill Program Target Areas

 

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

 

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; OTC-Nasdaq: 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 1950 and 1990. The TSB has been described as one of the largest lithium provinces in the world and is located 40 kilometers west of Charlotte, North Carolina.  It is a premier location to be developing an integrated lithium business based on its favorable geology, proven metallurgy and easy access to infrastructure, power, R&D centers for lithium and battery storage, major high-tech population centers 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 operated the two 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.

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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SOURCE Piedmont Lithium Limited


Further High-Grade Assay Results Continue To Extend Mineralization At The Piedmont Lithium Project

NEW YORK, Nov. 28, 2017/PRNewswire/ —

  • Assay results from a further 26 drill holes of the Phase 2 program have been received and continue to confirm high grade lithium mineralization along the 4 kilometers of strike within the Project including:
    • 24.38m of cumulative thickness of mineralization across 3 pegmatites which includes high grade intercepts of 18.04m @ 1.01% Li2O and 1.99m @ 1.28% Li2O in Hole 17-BD-87
    • 23.64m of cumulative thickness of mineralization across 5 pegmatites which includes high grade intercepts of 11.60m @ 1.29% Li2O, and 5.97m @ 1.14% Li2O in Hole 17-BD-77
    • 22.82m of cumulative thickness of mineralization across 4 pegmatites which includes high grade intercepts of 9.74m @ 1.31% Li2O and 5.73m @ 1.36% Li2O in Hole 17-BD-98
    • 21.86m of cumulative thickness of mineralization across 4 pegmatites which includes high grade intercepts of 13.95m @ 1.34% Li2O and 2.93m @ 1.41% Li2O in Hole 17-BD-95
    • 15.69m of cumulative thickness of mineralization across 3 pegmatites which includes high grade intercepts of 11.09m @ 1.27% Li2O and 3.41m @ 1.20% Li2O in Hole 17-BD-90
    • 12.51m of cumulative thickness of mineralization across 2 pegmatites which includes a high grade intercept of 10.55m @ 1.46% Li2O in Hole 17-BD-102
  • The Company has now received assays for 76 of the 93 Phase 2 drill holes and anticipates receiving assay results for the remaining 17 drill holes over the next few weeks
  • A Schematic Long Section for the B and G corridors has been prepared based on drilling results to-date (Figure 1) and illustrates the continuity of mineralization along strike for 1400 meters
  • Preliminary geological modelling has, thus far, identified 38 pegmatite bodies within the 4+ kilometers of strike on the Project with the vast majority being intersected at depths less than 100 meters from surface
  • As a result of the work done to date the Company is confident in defining a shallow, open-pitable deposit within the Piedmont Lithium Project strategically located within the USA

Keith D. Phillips, President and Chief Executive Officer, said, “These additional drill results are outstanding and confirm our belief in the Piedmont Lithium Project.  Our team has discovered a world-class mineral system with over 30 pegmatite bodies over a combined 4+ kilometers of strike length, virtually all within 100 meters of surface.  We look forward to receiving the remaining Phase 2 assay results over the coming weeks.”

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

 

Figure 1: Piedmont Lithium Project - Schematic Northeast-Southwest Long Section

Piedmont Lithium Limited (ASX: PLL, OTC: PLLLY) (“Piedmont” or “Company”) is pleased to report further high-grade mineralisation from the 93-hole Phase 2 drilling campaign on the Piedmont Lithium Project (“Project“) located within the world-class Carolina Tin-Spodumene Belt (“TSB“).

Phase 2 Results and Discussion

In addition to the first 51 Phase 2 drill holes (reported September 26, 2017 and November 2, 2017), the current group of 26 drill holes reported in this release continue to define high grade mineralised trends totalling over 4 kilometers in strike.  The entire Pegmatite system remains open at depth and along strike.  Drill hole details and weighted-composite assay intercepts are attached as Table 1.

Geological modelling has begun on the results from the Phase 2 drill campaign with initial results indicating the presence of 38 pegmatite bodies across the 4+ kilometres of strike length on the Project. Importantly, the vast majority of the dykes have been intersected at shallow depths of less than 100 metres vertically. These initial results give the Company confidence in being able to define a shallow, open-pitable deposit which is strategically located within the historical lithium mining and processing region of the USA.

Logging, sampling and shipping of all Phase 2 drill core samples has been completed.  All assays from the Phase 2 program should be received from SGS Labs by early-December.

The Phase 2 drill holes reported in this release highlight the initial high grade intercepts with significant cumulative thickness within the Star Corridor (figure 3) and further defined the mineralization in the B, F & G corridors. Significant intercepts within the B, F & G corridors continued to display similar high grade results as have been previously reported.

Figure 2: Piedmont Lithium Phase 2 Drilling with Mineralized Trends

Significant intercepts from the Star Corridor include:

  • 22.82m of cumulative thickness of mineralization across 4 pegmatites which includes high grade intercepts of 9.74m @ 1.31% Li2O and 5.73m @ 1.36% Li2O in Hole 17-BD-98
  • 21.86m of cumulative thickness of mineralization across 4 pegmatites which includes high grade intercepts of 13.95m @ 1.34% Li2O and 2.93m @ 1.41% Li2O in Hole 17-BD-95
  • 21.30m of cumulative thickness of mineralization across 4 pegmatites which includes high grade intercepts of 4.23m @ 1.20% Li2O and 4.52m @ 1.31% Li2O in Hole 17-BD-91
  • 17.42m of cumulative thickness of mineralization across 3 pegmatites which includes high grade intercepts of 5.35m @ 1.23% Li2O and 4.00m @ 1.12% Li2O in Hole 17-BD-101

 

Figure 3: Piedmont Lithium Project - Star Corridor Cross Section

 

Figure 4: Piedmont Lithium Project -  Mineralized Trends and Drill Hole Locations

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; OTC-Nasdaq: 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 1950 and 1990. The TSB is one of the premier localities in the world to be exploring for lithium pegmatites given its history of lithium bearing spodumene mining, favorable geology and ideal location with easy access to infrastructure, power, R&D centers for lithium and battery storage, major high-tech population centers and downstream lithium processing facilities.

The TSB has previously been described as one of the largest lithium provinces in the world and is located approximately 40 kilometers west of Charlotte, North Carolina, United States. The TSB was the most important lithium producing region in the western world prior to the establishment of the brine operations in Chile in the late 1990s. The TSB extends over approximately 60 kilometers in length and reaches a maximum width of approximately 1.6 kilometers.

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 from the TSB with the historic Kings Mountain lithium mine being described as one of the richest spodumene deposits in the world by Albemarle. These two mines and their respective metallurgy also formed the basis for the design of the two lithium processing facilities in the region which were the first modern spodumene processing facilities in the western world.

Albemarle and FMC continue to operate these important lithium processing facilities with FMC’s Bessemer City lithium processing facility being approximately 14 kilometers from the Project whilst Albemarle’sKings Mountain lithium processing facility is approximately 17 kilometers from the Project.

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.

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 ‘Recognised Professional Organisation’ (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.

 

APPENDIX 1: SUMMARY OF CORE DRILL HOLE INTERSECTIONS

Hole ID

Easting

Northing

Elev.
(m)

Az.
(o)

Dip
(o)

Depth
(m)

From
(m)

To
(m)

Intercept
(m)

Li2O

(%)

17-BD-59

473573.61

3916192.82

247.91

300

-55

180

19.34

21.19

1.85

1.79

and

44.57

46.90

2.33

1.07

and

106.86

113..20

6.34

0.73

including

106.86

108.84

1.98

1.35

and

122.76

126.49

3.73

1.46

17-BD-77

474291.29

3915729.42

263.27

300

-55

185.9

53.56

59.53

5.97

1.14

and

64.34

66.41

2.07

1.10

and

68.50

70.77

2.27

1.44

and

116.22

127.82

11.6

1.29

including

116.22

118.90

2.86

1.81

including

120.69

127.82

7.13

1.41

and

179.36

181.09

1.73

1.17

17-BD-78

473345.13

3916178.02

255.00

300

-55

126.8

76.73

85.33

8.60

1.19

including

79.70

84.17

4.47

1.64

and

100.25

102.71

2.46

0.97

17-BD-79

474162.90

3916566.70

232.50

310

-55

146.5

30.12

39.60

9.48

0.67

including

30.12

33.12

3.00

1.36

17-BD-83

assays pending

17-BD_85

assays pending

17-BD-86

assays pending

17-BD-87

473332.30

3915980.97

241.32

300

-55

117.4

7.85

12.20

4.35

0.96

and

57.81

75.85

18.04

1.01

including

57.81

67.52

9.71

1.41

including

71.82

75.85

4.03

1.12

and

83.90

85.89

1.99

1.28

17-BD-88

474056.50

3916333.16

238.03

300

-55

128

No significant results

17-BD-89

473871.96

3915279.45

265.01

300

-55

155.45

38.11

42.86

4.75

0.94

and

111.60

118.92

7.32

1.25

including

111.60

113.86

2.26

1.91

17-BD-90

473372.29

3915995.85

232.93

300

-55

111.25

16.74

17.93

1.19

1.43

and

37.52

40.93

3.41

1.20

and

71.23

82.32

11.09

1.27

including

71.23

76.23

5.00

1.71

17-BD-91

473519.90

3915830.77

266.58

300

-55

111.25

36.19

40.42

4.23

1.20

and

52.08

56.60

4.52

1.31

and

84.66

86.10

1.44

1.21

and

93.04

104.95

11.11

0.86

including

98.86

102.74

3.88

1.13

17-BD-92

474389.81

3916644.49

241.94

300

-55

113

No significant results

17-BD-93

473745.13

3916513.93

267.21

300

-55

93

36.29

39.25

2.96

0.72

and

40.56

42.83

2.27

0.96

and

50.30

52.16

1.86

1.02

17-BD-94

assays pending

17-BD-95

473508.14

3915794.01

264.82

300

-55

108.2

47.36

50.29

2.93

1.41

and

60.90

62.20

1.30

1.11

and

67.02

70.70

3.68

1.27

and

90.35

104.30

13.95

1.34

including

93.23

102.38

9.15

1.60

17-BD-96

assays pending

17-BD-97

473502.93

3916269.98

250.08

300

-55

104

39.46

48.52

9.06

0.98

including

39.46

44.46

6.15

1.20

and

52.39

59.84

7.45

0.99

including

52.39

54.92

2.53

1.43

17-BD-98

473468.27

3915816.06

258.63

300

-55

92.96

44.66

54.40

9.74

1.31

including

45.12

51.9

6.78

1.60

and

63.49

68.20

4.71

1.26

and

71.03

76.76

5.73

1.36

and

82.06

84.70

2.64

1.52

17-BD-99

473446.86

3916391.01

262.32

300

-55

94.5

31.65

38.14

6.49

1.33

and

45.79

46.79

1.00

1.06

17-BD-100

473422.90

3916309.56

258.59

300

-55

131.5

72.64

79.68

7.04

1.08

including

72.64

75.86

3.22

1.44

including

78.15

79.68

1,53

1.94

17-BD-101

473472.77

3915727.52

267.51

300

-55

126.49

58.66

61.01

2.35

0.75

and

78.35

83.70

5.35

1.23

including

78.35

80.95

2.60

1.56

and

93.10

102.62

9.52

0.90

including

93.10

97.10

4.00

1.12

17-BD-102

473513.92

3916451.01

261.57

300

-55

100.58

52.39

62.94

10.55

1.46

including

54.08

61.64

7.56

1.93

and

72.64

74.60

1.96

1.52

17-BD-103

473535.81

3916476.52

266.73

300

-55

91.44

48.79

58.60

9.81

1.22

including

49.19

54.00

4.81

1.53

17-BD-104

473571.48

3916457.54

263.93

300

-55

128.02

87.97

93.63

5.66

1.15

and

103,10

105.08

1.98

0.73

17-BD-105

473641.00

3915867.59

254.67

300

-55

178.92

34.36

36.66

2.30

0.94

and

92.20

96.10

3.90

1.72

17-BD-106

473550.52

3916526.96

267.95

300

-55

91.44

34.91

41.35

6.44

1.48

and

57.22

59.62

2.4

1.09

17-BD-107

473680.96

3916313.65

259.51

298

-55

231.04

6.07

8.20

2.13

1.09

and

128.51

141.26

12.75

1.03

including

128.51

137.18

7.55

1.55

17-BD-108

473466.14

3915688.90

262.06

300

-55

114.3

65.17

67.04

1.87

1.02

and

79.52

85.89

6.37

0.59

including

79.52

81.00

1.48

0.94

17-BD-109

assays pending

 

17-BD-110

473649.49

3916213.14

241.34

294

-67

234.7

41.27

42.76

1.49

1.52

and

91.00

97.97

6.97

0.53

including

92.00

94.00

2

1.14

17-BD-111

473344.39

3915575.81

264.85

300

-55

136.25

No significant results

 

 

APPENDIX 2 – JORC TABLE 1 CHECKLIST OF ASSESSMENT AND REPORTING CRITERIA

Section 1 Sampling Techniques and Data

Criteria

JORC Code explanation

Commentary

Sampling techniques

Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as downhole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.

Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.

All results reported are from diamond core samples. The core was sawn at an orientation not influenced by the distribution of mineralization within the drill core (i.e. bisecting mineralized veins, or cut perpendicular to a fabric in the rock that is independent of mineralization, such as foliation). Diamond drilling provided continuous core which allowed continuous sampling of mineralized zones.  The core sample intervals were a minimum of 0.35m and a maximum of 1.5m for HQ or NQ drill core (except in saprolitic areas of poor recovery where sample intervals may exceed 1.5m in length), and took into account lithological boundaries (i.e. sample was to, and not across, major contacts).

Standards and blanks were inserted into the sample stream to assess the accuracy, precision and methodology of the external laboratories used. In addition, field duplicate samples were inserted to assess the variability of the mineralisation., The laboratories undertake their own duplicate sampling as part of their internal QA/QC processes. Examination of the QA/QC sample data indicates satisfactory performance of field sampling protocols and assay laboratories providing acceptable levels of precision and accuracy.

 

Drilling techniques

Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).

All diamond drill holes were collared with HQ and were transitioned to NQ once non-weathered and unoxidized bedrock was encountered.  Drill core was recovered from surface.

Oriented core was collected on select drill holes using the REFLEX ACT III tool by a qualified geologist at the drill rig. The orientation data is currently being evaluated.

Drill sample recovery

Method of recording and assessing core and chip sample recoveries and results assessed.

Measures taken to maximise sample recovery and ensure representative nature of the samples.

Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

The core was transported from the drill site to the logging facility in covered boxes with the utmost care. Once at the logging facility, the following procedures were carried out on the core:

1. Re-aligning the broken core in its original position as closely as possible.

2. The length of recovered core was measured and meter marks clearly placed on the core to indicate depth to the nearest centimetre.

3. The length of core recovered was used to determine the core recovery, which is the length of core recovered divided by the interval drilled (as indicated by the footage marks which was converted to meter marks), expressed as a percentage. This data was recorded in the database. The core was photographed wet before logged.

4. The core was photographed again immediately before sampling with the sample numbers visible.

Sample recovery was consistently good except for zones within the oxidized clay and saprolite zones.  These zones were generally within the top 20m of the hole.  No relationship is recognized between recovery and grade.  The drill holes were designed to intersect the targeted pegmatite below the oxidized zone.

Logging

Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.

The total length and percentage of the relevant intersections logged.

Geologically, data was collected in detail, sufficient to aid in Mineral Resource estimation.

Core logging consisted of marking the core, describing lithologies, geologic features, percentage of spodumene and structural features measured to core axis.

The core was photographed wet before logging and again immediately before sampling with the sample numbers visible.

All the core from the twenty-six holes reported was logged.

Sub-sampling techniques and sample preparation

If core, whether cut or sawn and whether quarter, half or all core taken.

If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.

For all sample types, the nature, quality and appropriateness of the sample preparation technique.

Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain size of the material being sampled.

Core was cut in half with a diamond saw.

Standard sample intervals were a minimum of 0.35m and a maximum of 1.5m for HQ or NQ drill core, taking into account lithological boundaries (i.e. sample to, and not across, major contacts).

The preparation code is CRU21 (crush to 75% of sample <2mm) and PUL45 (pulverize 250g to 85% <75 microns).

A CRM or coarse blank was included at the rate of one for every 20 drill core samples (i.e. 5%).

Sampling precision is monitored by selecting a sample interval likely to be mineralized and splitting the sample into two ¼ core duplicate samples over the same sample interval. These samples are consecutively numbered after the primary sample and recorded in the sample database as “field duplicates” and the primary sample number recorded. Field duplicates were collected at the rate of 1 in 20 samples when sampling mineralized drill core intervals

Samples were numbered sequentially with no duplicates and no missing numbers. Triple tag books using 9-digit numbers were used, with one tag inserted into the sample bag and one tag stapled or otherwise affixed into the core tray at the interval the sample was collected. Samples were placed inside pre-numbered sample bags with numbers coinciding to the sample tag. Quality control (QC) samples, consisting of certified reference materials (CRMs), were given sample numbers within the sample stream so that they are masked from the laboratory after sample preparation and to avoid any duplication of sample numbers.

Quality of assay data and laboratory tests

 

 

 

The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.

 

 

 

All samples from the Phase II drilling were shipped to the SGS laboratory in Lakefield, Ontario.

The preparation code was CRU21 (crush to 75% of sample <2mm) and PUL45 (pulverize 250g to 85% <75 microns).

The analyses code was GE ICM40B (multi-acid digestion with either an ICP-ES or ICP-MS finish), which has a range for Li of 1 to 10,000 (1%) ppm Li.

The over-range method code for Li >5,000 ppm is GE ICP90A, which uses a peroxide fusion with an ICP finish, and has lower and upper detection limits of 0.001 and 5% respectively.

Starting in August, samples were switched to being analysed using GE ICP90A Li only and then to GE ICP91A Li only.

Bulk Densities are collected from each drill hole (one host rock and one mineralized rock) using analyses code GPHY04V.

Phase I samples were shipped to the Bureau Veritas minerals laboratory in Reno, Nevada.

The preparation code was PRP70-250 (crush to 70% of sample <2mm, pulverize 250g to 85% <75 microns).

The analysis code was MA270 (multi-acid digestion with either an ICP-ES or ICP-MS finish), which has a range for Li of 0.5 to 10,000 ppm (1%) Li. This digestion provides only partial analyses for many elements in refractory minerals, including Ta and Nb. It does not include analyses for Cs.

The over-range method code for Li>10,000 ppm is PF370, which uses a peroxide fusion with an ICP-ES finish, and has lower and upper detection limits of 0.001 and 50%, respectively. The laboratory was instructed to implement the over-range method in all samples that exceed 5,000 ppm Li to allow for poor data precision near the upper limit of detection using MA270.

Historical samples (holes 09-BD-01 through 10-BD-19) were submitted to ALS Vancouver for analysis.

Accuracy monitoring was achieved through submission and monitoring of certified reference materials (CRMs).

Sample numbering and the inclusion of CRMs was the responsibility of the project geologist submitting the samples. A CRM or coarse blank was included at the rate of one for every 20 drill core samples (i.e. 5%).

The CRMs used for this program were supplied by Geostats Pty Ltd of Perth, Western Australia.  Details of the CRMs are provided below. A sequence of these CRMs covering a range in Li values and, including blanks, were submitted to the laboratory along with all dispatched samples so as to ensure each run of 100 samples contains the full range of control materials. The CRMs were submitted as “blind” control samples not identifiable by the laboratory.

Sampling precision was monitored by selecting a sample interval likely to be mineralized and splitting the sample into two ¼ core duplicate samples over the same sample interval. These samples were consecutively numbered after the primary sample and recorded in the sample database as “field duplicates” and the primary sample number recorded. Field duplicates were collected at the rate of 1 in 20 samples when sampling mineralized drill core intervals. Random sampling precision was monitored by splitting samples at the sample crushing stage (coarse crush duplicate) and at the final sub-sampling stage for analysis (pulp duplicates).  The coarse, jaw-crushed, reject material was split into two preparation duplicates, sometimes referred to as second cuts, crusher or preparation duplicates, which were then pulverized and analysed separately. These duplicate samples were selected randomly by the laboratory. Analytical precision was also monitored using pulp duplicates, sometimes referred to as replicates or repeats. Data from all three types of duplicate analyses was used to constrain sampling variance at different stages of the sampling and preparation process.

Examination of the QA/QC sample data indicates satisfactory performance of field sampling protocols and assay laboratories providing acceptable levels of precision and accuracy.

Verification of sampling and assaying

The verification of significant intersections by either independent or alternative company personnel.

The use of twinned holes.

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

Discuss any adjustment to assay data.

Multiple representatives of Piedmont Lithium, Inc. have inspected and verified the results.

CSA has conducted two site visits. Dennis Arne (Managing Director -Principal Consultant) toured the site, facilities and reviewed core logging and sampling workflow as well as Leon McGarry (Senior Resource Geologist). Each provided comments on how to improve our methods and have been addressed. Verification core samples were collected by Leon McGarry with assays pending.

No holes were twinned.

Ten-foot rods and core barrels were used, the core was converted from feet to meters.  Li% was converted to Li2O by multiplying Li% by 2.153.

Location of data points

Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

Drill collars were located with the Trimble Geo 7 which resulted in accuracies <1m.

All coordinates were collected in State Plane and re-projected to Nad83 zone17 in which they are reported.

Drill hole surveying was performed on each hole using a REFLEX EZ-Trac multi-shot instrument. Readings were taken approx. every 15 meters (50 feet) and recorded depth, azimuth, and inclination.

Data spacing and distribution

Data spacing for reporting of Exploration Results.

Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

Whether sample compositing has been applied.

For selected areas, the drill spacing is approximately 40 to 80 m along strike and down dip.  This spacing is sufficient to establish continuity in geology and grade for this pegmatite system.

Composite samples are reported in Li2O%, this is calculated by multiplying drill length by Li2O for each sample; then the weighted averages for multiple samples are totalled and divided by the total drill length for the selected samples

 

Orientation of data in relation to geological structure

Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

The pegmatite dikes targeted trend northeast and dip to the southeast, drillholes were designed, oriented to the northwest with inclinations ranging from -45 to -80 degrees, to best intersect the tabular pegmatite bodies as close to perpendicularly as possible.

Sample security

The measures taken to ensure sample security.

Drill core samples were shipped directly from the field by the project geologist in sealed rice bags or similar containers using a reputable transport company with shipment tracking capability so that a chain of custody can be maintained.  Each bag was sealed with a security strap with a unique security number. The containers were locked in a shed if they were stored overnight at any point during transit, including at the drill site prior to shipping. The laboratory confirmed the integrity of the rice bag seals upon receipt

Audits or reviews

The results of any audits or reviews of sampling techniques and data.

CSA Global developed a “Standard Operating Procedures” manual in preparation for the drilling program.  CSA global reviews all logging and assay data, as well as merges all data in to database that is held off site.

CSA has conducted two site visits. Dennis Arne (Managing Director -Principal Consultant) toured the site and facilities as well as Leon McGarry (Senior Resource Geologist). Each provided comments on how to improve our methods and have been addressed. Verification core samples were collected by Leon McGarry with assays pending.

 

 

Section 2 Reporting of Exploration Results

Criteria

JORC Code explanation

Commentary

Mineral tenement and land tenure status

>       Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

>       The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

Piedmont, through its 100% owned subsidiary, Piedmont Lithium, Inc., has entered into exclusive option agreements with local landowners, which upon exercise, allows the Company to purchase (or long term lease) approximately 715 acres of surface property and the associated mineral rights from the local landowners.

There are no known historical sites, wilderness or national parks located within the Project area and there are no known impediments to obtaining a licence to operate in this area.

Exploration done by other parties

>       Acknowledgment and appraisal of exploration by other parties.

The Project is focused over an area that has been explored for lithium dating back to the 1950’s where it was originally explored by Lithium Corporation of America which was subsequently acquired by FMC Corporation. Most recently, North Arrow explored the Project in 2009 and 2010.  North Arrow conducted surface sampling, field mapping, a ground magnetic survey and two diamond drilling programs for a total of 19 holes. Piedmont Lithium, Inc. has obtained North Arrow’s exploration data.

Geology

>       Deposit type, geological setting and style of mineralisation.

Spodumene pegmatites, located near the litho tectonic boundary between the inner Piedmont and Kings Mountain belt.  The mineralization is thought to be concurrent and cross-cutting dike swarms extending from the Cherryville granite, as the dikes progressed further from their sources, they became increasingly enriched in incompatible elements such as Li, tin (Sn).  The dikes are considered to be unzoned.

 

Drill hole Information

>       A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

>       easting and northing of the drill hole collar

>       elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar

>       dip and azimuth of the hole

>       down hole length and interception depth

>       hole length.

>       If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

Details of all reported drill holes are provided in Appendix 1 of this report.

 

Data aggregation methods

>       In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.

>       Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

>       The assumptions used for any reporting of metal equivalent values should be clearly stated.

Weighted averaging was used in preparing the drill composites reported.  Composites were reported for entire pegmatites, with additional high grade sub intervals reported from the same pegmatite.  In the case where thin wall rock intervals were included, a value of 0% Li2O was used in the weighted averaging.

Li% was converted to Li2O% by multiplying Li% by 2.153.

Relationship between mineralisation widths and intercept lengths

>       These relationships are particularly important in the reporting of Exploration Results.

>       If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

>       If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).

Drill intercepts are reported as Li2O% over the drill length, not true thickness.  The pegmatites targeted strike northeast-southwest and dip moderately to the southeast.  All holes were drilled to the northwest and with inclinations ranging between -45 and -80

Diagrams

>       Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

Appropriate diagrams, including a drill plan map and cross-section, are included in the main body of this report.

Balanced reporting

>       Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

All of the relevant exploration data for the Exploration Results and available at this time has been provided in this report.

Other substantive exploration data

>       Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

Eleven thin section samples were collected and submitted to Vancouver Petrographic for preparation, mineral identification and description.  The Petrographic report identifies the primary mineralogy as quartz, plagioclase (albite), clinopyroxene (spodumene), K-spar and white mica.  Variable amounts of alteration were identified in the pegmatite samples.  One sample of the host rock was submitted and identified as a metadiorite.

Thirteen samples from the Phase 1 drilling have been analysed by Semi Quantitative XRD (ME-LR-MIN-MET-MN-DO3) by SGS Mineral Services.  Within all thirteen samples, spodumene was identified.  Spodumene ranged between 5 and 38.6 wt%.  The primary mineralogy of the pegmatite was identified as quartz, albite, spodumene, microcline and muscovite.

Bulk Densities are collected from each of the Phase II drill holes (one host rock and one mineralized rock) using analyses code GPHY04V.

Composite samples of ore intercepts from the Phase 1 drilling have been submitted to North Carolina State Minerals Research Lab for bench scale spodumene concentrate testing.   Results pending.

Further work

>       The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).

>       Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

The Phase 2 drilling program of 93 holes totalling 12,262m has been completed.  After evaluation of all of the Phase 2 data Piedmont may decide to conduct additional drilling to define the Company’s maiden Mineral Resource estimate in early-2018.

 

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SOURCE Piedmont Lithium Limited


Results of Annual General Meeting

Piedmont Lithium Limited (ASX: PLL; OTC – Nasdaq International: PLLLY) (“Piedmont” or “Company”) advises that the Company’s Annual General Meeting was held today, 16 November 2017, at 10.00am.

The resolutions voted on were in accordance with the Notice of Annual General Meeting previously advised to the Australian Securities Exchange.

Appendix 4G

Key to Disclosures
Corporate Governance Council Principles and Recommendations

Piedmont Continues Aggressive Land Strategy

– Piedmont has further increased its land position at the Project by 26% to a total of 903 acres
– First mover land position within the historic Tin-Spodumene Belt in North Carolina, United States
– Final assay results from Phase 2 drilling campaign due in the coming weeks

NEW YORK, Nov. 14, 2017 /PRNewswire/ — Piedmont Lithium Limited (ASX: PLL; OTC – Nasdaq International: PLLLY) (“Piedmont” or “Company”) is pleased to advise that the Company has increased its lithium mineral rights by 188 acres through additional land option and acquisition agreements signed with local landowners in the Carolina Tin-Spodumene Belt (“TSB“) in North Carolina, United States.

Piedmont Lithium Additional Land Option and Purchase Agreements

The Piedmont Lithium Project (“Project“) now encompasses approximately 903 acres within the TSB, representing a 118% increase in the Company’s initial land holding as announced to the Australian Securities Exchange (“ASX“) on 27 September 2016. Piedmont’s strategy is to consolidate the region between the newly optioned and historical landholdings, with all additional landholdings highly prospective for spodumene bearing pegmatite.

During initial prospecting, an area of multiple spodumene bearing float blocks was identified on one of the new properties.  The blocks range up to 1 meter in scale.  Grab samples have been collected and submitted to the lab for analysis.  Prospecting and soil sampling are planned for all of the new properties in order to identify high priority drill targets.

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 903 acres of surface property and the associated mineral rights. The new properties optioned have been secured on substantially the same terms as the Company’s existing option agreements.

Keith D. Phillips, President and Chief Executive Officer, said, “These strategic land acquisitions are on-trend and should enable us to grow mineral resources over time, ultimately leading to greater throughput and a longer mine life. These latest agreements increase our land holdings in the prolific Carolina Tin-Spodumene Belt by over 26%, and we are in conversations with many other landowners to further consolidate our position in the region.”

Piedmont is also pleased to report that its first ADRs were traded on the OTC Market last week as a member of the Nasdaq International Designation, after completion of the customary regulatory review process.  Mr. Phillips commented, “We are very pleased that our ADRs commenced trading last week and hope to develop substantial liquidity on the Nasdaq OTC prior to our full US listing early in 2018.  With a US asset and a US-based management team, we expect to develop a very strong following in the US capital markets as a complement to our strong base with the ASX.”

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

About Piedmont Lithium

Piedmont Lithium Ltd holds a 100% interest in the Piedmont Lithium Project (“Project“) which is 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 1950 and 1990. The TSB is one of the premier localities in the world to be exploring for lithium pegmatites given its history of lithium bearing spodumene mining, favourable geology and ideal location with easy access to infrastructure, power, R&D centres for lithium and battery storage, major high-tech population centres and downstream lithium processing facilities.

The TSB has previously been described as one of the largest lithium provinces in the world and is located approximately 40 kilometers west of Charlotte, North Carolina, United States. The TSB was the most important lithium producing region in the western world prior to the establishment of the brine operations in Chile in the late 1990’s. The TSB extends over approximately 60 kilometers in length and reaches a maximum width of approximately 1.6 kilometers.

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 from the TSB with the historic Kings Mountain lithium mine being described as one of the richest spodumene deposits in the world by Albemarle. These two mines and their respective metallurgy also formed the basis for the design of the two lithium processing facilities in the region which were the first modern spodumene processing facilities in the western world.

Albemarle and FMC continue to operate these important lithium processing facilities with FMC’s Bessemer City lithium processing facility being approximately 14 kilometers from the Project whilst Albemarle’sKings Mountain lithium processing facility is approximately 17 kilometers from the Project.

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.

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 ‘Recognised Professional Organisation’ (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


Completion of Institutional Placement

Piedmont Lithium Limited (ASX: PLL; OTC – Nasdaq International: PLLLY) (“Piedmont” or “Company”) is pleased to advise that it has completed its previously announced placement of 100 million shares at an issue price of A$0.16 per share to institutional and sophisticated investors in Australia, the United States, Canada, and the United Kingdom to raise gross proceeds of A$16 million (“Placement”).

Proceeds from the Placement will be used to expedite development of the Company’s 100% owned Piedmont Lithium Project (“Project”) located in the world-class Carolina Tin-Spodumene Belt (“TSB”) in the United States, including securing additional land within the TSB, completion of additional drilling and completion of technical studies for the Project.

Foster Stockbroking acted as Lead Manager to the Placement.

An Appendix 3B and Section 708A Notice are attached.

Piedmont Lithium Completes Phase 2 Drilling Program And Announces Further High-Grade Assay Results

NEW YORK, Nov. 1, 2017 /PRNewswire/ —

  • Assay results from a further 25 holes of the Phase 2 drill program have been received and continue to confirm high grade lithium mineralization along the 4 kilometers of strike within the property including:
    • 25.22m of cumulative thickness of mineralization across 6 pegmatites which includes high grade intercepts of 5.40m @ 1.46% Li2O, 2.65m @ 1.24% Li2O and 2.00m @ 1.43% Li2O in Hole 17-BD-73
    • 21.92m of cumulative thickness of mineralization across 5 pegmatites which includes high grade intercepts of 8.86m @ 1.72% Li2O, and 8.04m @ 1.02% Li2O in Hole 17-BD-80
    • 18.66m of cumulative thickness of mineralization across 6 pegmatites which includes high grade intercepts of 6.27m @ 1.39% Li2O, 4.21m @ 1.83% Li2O, 2.26m @1.52% Li2O and 1.68m @ 1.83% Li2O in Hole 17-BD-64
    • 18.64m of cumulative thickness of mineralization across 6 pegmatites which includes high grade intercepts of 6.66m @ 1.59% Li2O and 2.68m @ 1.58% Li2O in Hole 17-BD-75
    • 14.08m of cumulative thickness of mineralization across 5 pegmatites which includes a high grade intercepts of 5.03m @ 1.98% Li2O and 2.04m @ 1.52% Li2O n Hole 17-BD-70
    • 12.97m of cumulative thickness of mineralization across 2 pegmatites which includes a high grade intercept of 10.36m @ 1.53% Li2O in Hole 17-BD-72
  • Piedmont has now completed the 93-hole Phase 2 diamond drilling program, which totaled 12,262 meters
  • The Company anticipates receiving assay results for the remaining 42 holes of the extended Phase 2 program over the coming weeks

Piedmont Lithium Limited (ASX: PLL, OTC – Nasdaq International: PLLLY) (“Piedmont” or “Company”) is pleased to report further high grade mineralisation from the 93-hole Phase 2 drilling campaign on the Piedmont Lithium Project (“Project“) located within the world-class Carolina Tin-Spodumene Belt (“TSB“).  The Phase 2 program totalled 12,262 meters of diamond core drilling.

Keith D. Phillips, President and Chief Executive Officer, said, “These additional Phase 2 results continue to showcase the high-grade mineralization throughout our growing land package. We are increasingly confident in our ability to define a large lithium deposit in this historic belt, and we look forward to releasing the remaining results of our Phase 2 drilling campaign over the coming weeks.”

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

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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SOURCE Piedmont Lithium Limited


Piedmont Commences Trading In The United States And Admitted To Nasdaq International Designation

NEW YORK, Oct. 11, 2017 /PRNewswire/ —Piedmont Lithium Limited (ASX: PLL; OTC – Nasdaq International: PLLLY) (“Piedmont” or “Company”) is pleased to advise that it has been admitted to Nasdaq International Designation and its American Depositary Receipts (“ADRs”) have commenced trading in the United States, via a sponsored Level 1 ADR program with The Bank of New York Mellon as depositary.

Piedmont’s ADRs will trade on the OTC Market as a member of the Nasdaq International Designation under the ticker symbol “PLLLY”, with each ADR representing 100 ordinary shares of the Company.

The Nasdaq International Designation and Level 1 ADR program in the United States will enable new and existing U.S. investors to trade Piedmont’s ADRs in U.S. dollars and during normal U.S. trading hours. Piedmont’s ordinary shares will continue to trade on the ASX under the symbol “PLL”.

With the establishment of the Level 1 ADR program, the Company will now begin an extensive marketing campaign to new investors throughout the United States and will continue to build relationships with U.S. banks and brokers that have experience and knowledge of the lithium and “clean-technology” sectors.

Keith D. Phillips, President and Chief Executive Officer, said, “Launching an ADR program in the United States signals a key milestone as we drive development forward at our Piedmont Lithium Project in North Carolina and boost visibility among U.S. investors. We are excited to begin an extensive U.S. marketing campaign with a Nasdaq International Designation that allows investors to trade in U.S. dollars, during U.S. trading hours.”

“I have been very pleased with the initial feedback from our US marketing efforts to-date and this listing is consistent with our ‘U.S. asset, U.S. management, U.S. listing’ strategy. We continue to be highly encouraged by the results of our Phase 2 drilling campaign and look forward to updating the market on further results from our Phase 2 drilling campaign and our project development plans for what we believe to be the world’s most strategically located lithium project.”

This press release has been prepared for release in Australia and nothing in this press release shall constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or in any other jurisdiction.  

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

About Nasdaq International Designation 

Launched in December 2015, the Nasdaq International Designation program is designed for non-U.S.-based companies that have level 1 American Depository Receipts or shares that trade in the over-the-counter (OTC) market. The program offers a unique partnership with Nasdaq that provides member companies with Nasdaq’s robust visibility offering which allows for greater access to US investors, and can potentially increase liquidity. The Nasdaq International Designation is home to a diverse range of companies in innovative industries across the globe. Total Market Cap of Member Companies exceeds $150B and program members hail from Australia, Japan, Germany, Brazil, Canada, the U.K., and the Netherlands. As a comprehensive program, companies receive a full service offering that includes investor relations tools and services, as well as access to Nasdaq’s visibility assets to enhance communication with the investment community. In the past year, members of the program were invited to the Nasdaq MarketSite with the opportunity to amplify their brand activities through different channels.

About Nasdaq

Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 89 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to 3,800 total listings with a market value of $11.0 trillion.

About BNY Mellon

BNY Mellon is the leading depositary bank, managing more sponsored depositary receipt programs than all other depositary banks combined. BNY Mellon acts as depositary for 60 percent of all sponsored programs globally – more than 1,300 sponsored programs from 68 countries. BNY Mellon is committed to helping securities issuers access the world’s rapidly evolving financial markets and delivers a comprehensive suite of depositary receipt services. BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation.

About Piedmont

Piedmont Lithium Limited (ASX: PLL; OTC – Nasdaq International: 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 1950 and 1990. The TSB is one of the premier localities in the world to be exploring for lithium pegmatites given its history of lithium bearing spodumene mining, favorable geology and ideal location with easy access to infrastructure, power, R&D centers for lithium and battery storage, major high-tech population centers and downstream lithium processing facilities.

The TSB has previously been described as one of the largest lithium provinces in the world and is located approximately 40 kilometers west of Charlotte, North Carolina, United States. The TSB was the most important lithium producing region in the western world prior to the establishment of the brine operations in Chile in the late 1990’s. The TSB extends over approximately 60 kilometers in length and reaches a maximum width of approximately 1.6 kilometers.

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 from the TSB with the historic Kings Mountain lithium mine being described as one of the richest spodumene deposits in the world by Albemarle. These two mines and their respective metallurgy also formed the basis for the design of the two lithium processing facilities in the region which were the first modern spodumene processing facilities in the western world.

Albemarle and FMC continue to operate these important lithium processing facilities with FMC’s Bessemer City lithium processing facility being approximately 14 kilometers from the Project whilst Albemarle’sKings Mountain lithium processing facility is approximately 17 kilometers from the Project.

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.

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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SOURCE Piedmont Lithium Limited


Piedmont Lithium Limited to Present at the Cathodes 2017 Conference

NEW YORK, Oct. 5, 2017 /PRNewswire/ — Piedmont Lithium Limited (ASX: PLL) (“Piedmont” or “The Company”) today announced that it will present at the Benchmark Minerals’ Cathodes 2017 Conference, being held October 8-10, 2017 in Newport Beach, California. Keith Phillips, President and Chief Executive Officer of Piedmont, will be giving a presentation and meeting with investors throughout the conference.

Event:

Cathodes 2017 Conference

Date:

October 9, 2017

Time:

4:30pm PT

Location:

Balboa Bay Resort, Newport Beach, CA

For investors attending the Cathodes 2017 conference, please contact Piedmont Investor Relations to schedule a meeting with Piedmont management at tpatel@edisongroup.com.

For further information, contact:

Keith D. Phillips

President & CEO

T: +1 973-809-0505

Anastasios (Taso) Arima

Executive Director

T: +1 347-899-1522

Tirth Patel

Investor Relations, Edison Group

T: +1 646-653-7035

tpatel@edisongroup.com

About Piedmont Lithium

Piedmont Lithium Ltd holds a 100% interest in the Piedmont Lithium Project which is 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 1950 and 1990. The TSB is one of the premier localities in the world to be exploring for lithium pegmatites given its history of lithium bearing spodumene mining, favourable geology and ideal location with easy access to infrastructure, power, R&D centres for lithium and battery storage, major high-tech population centres and downstream lithium processing facilities.

The TSB has previously been described as one of the largest lithium provinces in the world and is located approximately 40 kilometres west of Charlotte, North Carolina, United States. The TSB was the most important lithium producing region in the western world prior to the establishment of the brine operations in Chile and Argentina in the late 1990’s. The TSB extends over approximately 60 kilometres in length and reaches a maximum width of approximately 1.6 kilometers.

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 from the TSB with the historic Kings Mountain lithium mine being described as one of the richest spodumene deposits in the world by Albemarle. These two mines and their respective metallurgy also formed the basis for the design of the two lithium processing facilities in the region which were the first modern spodumene processing facilities in the western world.

Albemarle and FMC continue to operate these important lithium processing facilities with FMC’s Bessemer City lithium processing facility being approximately 14 kilometres from the Project whilst Albemarle’sKings Mountain lithium processing facility is approximately 17 kilometres from the Project.

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.

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SOURCE Piedmont Lithium Limited


Four Kilometers of Mineralization Confirmed at the Piedmont Lithium Project

  • Assay results from the first 26 holes of the Phase 2 drill program together with visual analysis of the remaining Phase 2 drilling has confirmed 8 mineralized trends totaling ~4 kilometers of strike length.
  • The mineralized trends consist of one or more spodumene bearing pegmatite dykes ranging up to 16 meters in drill thickness, with results confirming high grade lithium mineralization including:
    • 21.3m of cumulative thickness of mineralization across 4 pegmatites which includes high grade zones of 6.7m @ 1.32% Li2O, 4.5m @ 1.24% Li2O and 1.5m @ 1.52% Li2O in Hole 17-BD-57
    • 20.6m of cumulative thickness of mineralization across 3 pegmatites which includes high grade zones of 11.3m @ 1.43% Li2O and 2.8m @ 1.35% Li2O in Hole 17-BD-50
    • 20.4m of cumulative thickness of mineralization across 4 pegmatites which includes high grade zones of 5.5m @ 1.39% Li2O, 2.9m @ 1.18% Li2O and 10.5m @ 1.06% Li2O in Hole 17-BD-53
    • 18.9m of cumulative thickness of mineralization across 5 pegmatites which includes high grade zones of 3.6m @ 1.63% Li2O and 7.3m @ 1.41% Li2O in Hole 17-BD-48
    • 17.6m of cumulative thickness of mineralization across 2 pegmatites which includes a high grade zone of 16.2m @ 1.72% Li2O in Hole 17-BD-62
  • Exploratory drilling to-date has only tested the shallow potential of the Project’s pegmatite trends, with all corridors remaining open along strike and down dip
  • Given the outstanding potential demonstrated by the initial results Piedmont has decided to extend Phase 2 drilling by an additional 3,000 meters
  • Piedmont anticipates receiving assay results for the remaining ~65 holes of the extended Phase 2 program over the next several weeks
  • Given the scale of the mineralization on the property and the additional drilling required to test the potential, the Company now intends to release an Exploration Target in December 2017 followed by a maiden Mineral Resource in early-2018
  • The extent of the mineralization demonstrated by the drilling completed to-date, combined with the Project’s exceptional location within the cradle of the US lithium sector, underscores the strategic significance of the Piedmont Lithium Project

Keith D. Phillips, President and Chief Executive Officer, said, “These initial Phase 2 results are highly encouraging. We continue to be surprised by the sheer extent of the mineralisation and are excited to begin testing the deposit at depth. The Project is clearly larger than we had first envisioned and it is important that we do the work to properly evaluate the scale of the resource. Our Phase 1 drill program identified four potential corridors of mineralization and our Phase 2 program has in fact defined abundant high-grade mineralization in each corridor. We look forward to releasing the remaining results of our Phase 2 drilling campaign over the coming weeks.”

“We have established relationships with the leading technical and marketing consultants in the Lithium sector and intend to accelerate our feasibility studies with regards to metallurgical, mine development and off-take plans in the near future.”

Piedmont Lithium Mineralization Identified

Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that approximately 4 kilometers of total strike length over eight (8) spodumene bearing mineralized trends have been identified within the Piedmont Lithium Project (“Project”) with all pegmatite trends remaining open along strike and down dip.

The initial 9,400 meter drilling which was planned for the Phase 2 campaign is now complete and was finished on-time and under-budget. Due to the success of this campaign, the Company has decided to continue the Phase 2 drilling program for a further 3,000 meters which will test the known mineralisation both along strike and importantly down dip.

Initial Phase 2 Results and Discussion
The initial assay results for the first 26 holes of the Phase 2 campaign have been received and continue to show high grade mineralisation across significant, mineable widths. Drill hole details and weighted-composite assay intercepts are attached as Appendix 1. The Company is extremely encouraged by the visual observations of mineralisation in the outstanding holes and expects to receive additional assays over the coming weeks.

The first Phase 2 drill holes were focused on the B, F and G corridors identified from the Phase 1 campaign. The cross-section below illustrates significant results from the G Corridor to date, from the Phase 2 Campaign.

High grade results from the B Corridor included:

  • 18.87m of cumulative drill thickness of mineralization across 5 pegmatites which includes high grade zones of 3.65m @ 1.63% Li2O and 7.28m @ 1.41% Li2O in Hole 17-BD-48
  • 16.49m of cumulative drill thickness of mineralization across 5 pegmatites which includes high grade zones of 1.59m @ 2.12% Li2O, 1.28m @ 2.45% Li2O and 10.76m @ 1.02% Li2O in Hole 17-BD-52
  • 17.62m of cumulative drill thickness of mineralization across 2 pegmatites which includes high grade zones of 16.18m @ 1.72% Li2O in Hole 17-BD-62
    High grade results from the F Corridor included:
  • 10.81m of cumulative drill thickness of mineralization across 4 pegmatites which includes high grade zones of 3.25m @ 1.82% Li2O and 1.46m @ 1.9% Li2O in Hole 17-BD-41
  • 9.49m of cumulative drill thickness of mineralization across 4 pegmatites which includes high grade zones of 3.09m @ 1.45% Li2O and 3.72m @ 1.45% Li2O in Hole 17-BD-49
  • 21.31m of cumulative drill thickness of mineralization across 4 pegmatites which includes high grade zones of 6.71m @ 1.32% Li2O, 4.48m @ 1.24% Li2O and 1.5m @ 1.52% Li2O n Hole 17-BD-57
    High grade results from the G Corridor included:
  • 20.56m of cumulative drill thickness of mineralization across 3 pegmatites which includes high grade zones of 11.3m @ 1.43% Li2O and 2.76m @ 1.35% Li2O in Hole 17-BD-50
  • 20.35m of cumulative drill thickness of mineralization across 4 pegmatites which includes high grade zones of 5.49m @ 1.39% Li2O, 2.92m @ 1.18% Li2O and 10,45 @ 1.06% Li2O in Hole 17-BD-53
  • 17.4m of cumulative drill thickness of mineralization across 5 pegmatites which includes high grade zones of 3.94m @ 1.55% Li2O and 1.06 @ 1.58% Li2O and 2.21m @ 1.5% Li2O in Hole 17-BD-58

Piedmont Lithium G Corridor Cross Section and Phase 2 Extension Drilling

Phase 2 Extension Drilling and Maiden Resource Estimation
Following the Company’s enhanced understanding of the high-grade mineralization potential at the Project, Piedmont, in consultation with our technical consultants who are leaders in the lithium sector, has opted for an increased and wider spaced Phase 2 drilling program.

The Company has now completed the 9,400 meters which was initially budgeted for the Phase 2 campaign and due to the extremely encouraging results, the Company will extend the Phase 2 drilling campaign for a further 3,000m to further test the mineralisation along strike (in the Star Corridor) and down dip (in the B and G Corridor).

Systematic 40 to 80 meter “step-outs” during the Phase 2 drill program have allowed Piedmont to identify eight (8) significant spodumene bearing pegmatites dikes or dike swarms totalling approximately 4 kilometers in strike length. These eight pegmatite trends consist of one to multiple spodumene bearing dikes with drill thickness ranging up to 16 meters. In general, the Phase 2 drilling has only tested the pegmatites to a vertical depth of 100 meters. A key focus of the additional 3,000 meter Phase 2 drilling extensions will go towards testing the downdip extensions in the “B” and “G” corridors while continuing to test along strike in the Star corridor. Note that several other highly prospective areas within the Project remain untested.
Given the scale of the mineralization on the property and the additional drilling required to test the potential, the Company now intends to release an Exploration Target in December 2017 followed by a maiden Mineral Resource estimate in early-2018.

About Piedmont Lithium
Piedmont Lithium Ltd holds a 100% interest in the Piedmont Lithium Project (the “Project”) which is 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 from the 1950s to the 1990s. The TSB is one of the premier localities in the world to be exploring for lithium pegmatites given its history of lithium bearing spodumene mining, favourable geology and ideal location with 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 Location and Bessemer City Lithium Processing Plant (FMC, Top Right) and Kings Mountain Lithium Processing Facility (Albemarle, Top Left)

The TSB has previously been described as one of the largest lithium provinces in the world and is located approximately 40 kilometers west of Charlotte, North Carolina, United States. The TSB was the most important lithium producing region in the western world prior to the establishment of the brine operations in Chile in the late 1990’s. The TSB extends over approximately 60 kilometers in length and reaches a maximum width of approximately 1.6 kilometers.

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 from the TSB with the historic Kings Mountain lithium mine being described as one of the richest spodumene deposits in the world by Albemarle. These two mines and their respective metallurgy also formed the basis for the design of the two lithium processing facilities in the region which were the first modern spodumene processing facilities in the western world.

Albemarle and FMC continue to operate these important lithium processing facilities with FMC’s Bessemer City lithium processing facility being approximately 14 kilometers from the Project whilst Albemarle’s Kings Mountain lithium processing facility is approximately 17 kilometers from the Project.
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.

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 ‘Recognised Professional Organisation’ (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.