2019

NEW YORK – 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 update its Mineral Resource estimate and
Scoping Study near mid-year; to receive required permits and regulatory
approvals by year-end; and to complete a Definitive Feasibility Study (“DFS“)
by the end of 2019.

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Keith D. Phillips, President and Chief Executive Officer, said, “We
continue to make good progress in several areas critical to our
strategy, and remain on-track to begin construction in early-2020,
consistent with the schedule we established in late-2017.As the
only conventional lithium project in the USA, we have attracted
considerable strategic interest and have engaged in initial
conversations with parties in the lithium, mining, chemicals, battery,
automotive, and private equity sectors.We plan to appoint
financial and legal advisors in the coming weeks to assist in the
evaluation of strategic and financial plans as we approach a
construction decision.”

Continued Land Acquisition

The Company has recently increased its overall land position by 15% to
2,105 acres. The Company’s Core Property now comprises 1,004 acres,
representing an 86% increase from the Core land position underlying the
maiden Mineral Resource estimate.

PFS-Level Metallurgical Testwork Ongoing

Testwork evaluating Dense Medium Separation (“DMS”) technology
remains ongoing at SGS. Preliminary DMS results indicate the potential
to include DMS circuitry in the Piedmont concentrator’s design. Final
results of DMS testwork are expected in May 2019 and locked-cycle
flotation tests will also be performed. The results of the testwork
program will be used to update the process design from the Scoping Study
and to design a pilot program for later in 2019.

Resource Updates Expected in 2019

Piedmont’s Phase 4 drill campaign continues with three rigs actively
drilling. The Company expects that Phase 4 drilling will result in an
initial Mineral Resource estimate on the Company’s Central Property in
April 2019 and an update to the Mineral Resource estimate on the
Company’s Core Property in June/July 2019.

Technical Studies Underway

Marshall Miller has started mine design, sitewide civil design, and
waste rock stockpile planning for the Project to support permit
activities, Scoping Study update, and future Definitive Feasibility
Study. These studies are expected to continue throughout 2019 with a
planned completion by the end of 2019. Primero Group has commenced
design engineering to a PFS-level of accuracy and is scheduled to
complete a Scoping Study update in July 2019. The Scoping Study update
will integrate updated Mineral Resources, latest metallurgical testwork,
flowsheet optimization and updated costs.

Engineering work is proceeding at the PFS-level, but we are eliminating
the interim Pre-Feasibility Study from our time-line as drilling is
currently focused on resource and mine life expansion rather than the
infill drilling required to declare reserves. Following our current
drill campaign, we will complete additional infill drilling in advance
of an anticipated year-end DFS.

Permitting Activities Proceeding as Anticipated

The public comment period for the Company’s Section 404 Standard
Individual Permit application to the US Army Corps of Engineers (USACE)
concluded in February 2019. Piedmont has received the comments from
USACE and other regulatory agencies and will provide responses by May
31, 2019. Piedmont is also proceeding with state and local permit
applications. The Company will undertake a series of community
engagement meetings in the coming months and anticipates applying for a
North Carolina state mining permit and Gaston County conditional zoning
in Q3 2019.

The federal and state reviews are both proceeding as expected and the
Company remains confident that the permitting processes will be
successfully concluded by year-end 2019.

Strategic Discussions Initiated

Piedmont has been engaged in numerous preliminary off-take, financing
and strategic conversations over the past several months. Interested
parties are of a global nature, and include companies from the lithium,
mining, chemicals, battery, automotive and private equity sectors.
Piedmont expects to appoint financial and legal advisors in the coming
weeks to assist in the evaluation of strategic and financing options,
but we do not plan to report on such matters until there is more clarity
on the ultimate outcome.

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; Nasdaq: PLL) 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 1980s. 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 for development of 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.

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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

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% Li₂O,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.”

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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

NEW YORK – Piedmont Lithium Limited (“Piedmont” or “Company”) has commenced
a PFS-level metallurgical testwork program at SGS Canada’s facilities in
Lakefield, Ontario. The testwork will be completed using composite and
variability samples collected from drill cores produced during the
Company’s Phase 2 and Phase 3 drill campaigns.

The planned testwork program builds on the success of the Company’s 2018
bench-scale testwork which previously demonstrated spodumene concentrate
grades of 6.0-6.5% Li₂O with low iron content of
0.66-0.76% Fe₂O₃.

New tests will include evaluation of Dense Medium Separation (DMS)
technology’s potential to function as a pre-concentration step to
production of high-quality spodumene concentrate. Locked-cycle flotation
tests will also be performed on composite and variable samples to verify
prior testwork and estimate spodumene recoveries.

The results of the testwork program will be used to further optimize the
process flow diagram during the next phases of technical study of the
Company’s planned spodumene concentrator. Test results will also be used
to design a pilot testwork program planned for the second half of 2019.
Additional by-product testing is also planned in the second half of 2019.

Piedmont is also pleased to announce the appointment of engineers and
consultants supporting the Company in areas of environmental study,
permitting, metallurgy, mining engineering, exploration, and land
acquisition as the project team focuses on a construction decision by
the end of 2019.

Our full announcement and our complete list of consultants can be seen here.

Keith D. Phillips, President and Chief Executive Officer, said, “We
are pleased to be working with SGS Lakefield on the next phase of our
metallurgical testing.SGS is a global leader with extensive
experience in the field of spodumene concentrate testwork.We are
also pleased to announce the appointments of several additional
consultants experienced in areas critical to our success.Our
Phase 4 drill campaign is going very well, and we look forward to
reflecting this in important engineering studies over the course of
2019.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20190305006047/en/

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

• Piedmont increases its TSB land position by 32% to 1,824 acres
• Core Property expanded by 243 acres or 28% to a total of 865 contiguous acres
• Recent drill results on the Central Property validate the Company’s land consolidation plan 

NEW YORK, Feb. 19, 2019 (GLOBE NEWSWIRE) — Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that the Company has increased its land position by 441 acres to 1,824 acres in the Carolina Tin-Spodumene Belt (“TSB“) located west of Charlotte in North Carolina. These additions were achieved via a combination of option agreements and deferred purchase contracts, making effective use of the Company’s funds to maximize exploration opportunities.

Land map showing the newly acquired properties Piedmont Lithium’s land acquisition progression from project inception to current

Recent additions have help consolidate the Company’s Core Property, which now comprises 868 acres.  Piedmont has now established the largest lithium mineral position in the TSB.  Recent drill results from the Company’s Central Property (announced February 13, 2019) support the overall land strategy to consolidate properties between Core, Central and Sunnyside creating a large contiguous lithium project.

Figure 1: http://www.globenewswire.com/NewsRoom/AttachmentNg/6b8966a0-7e9a-428d-ba00-8a5c6f967393

Since commencement of the Piedmont Lithium Project in 2016 the Company has made steady progress towards establishing a large contiguous land package within the historic Carolina Tin-Spodumene Belt. 

Figure 2:  http://www.globenewswire.com/NewsRoom/AttachmentNg/d514a170-0ac4-496d-8396-a6e05347b9cd 

Piedmont will undertake initial soils and surface rock sampling of the new properties in the coming months.

Keith D. Phillips, President and Chief Executive Officer, said, “The Carolina Tin-Spodumene Belt has been described as one of the world’s largest lithium districts.  Piedmont has established a dominant position in the TSB and we hope to consolidate large contiguous land blocks to build a large, world-class integrated lithium business.  We have demonstrated the substantial cost advantages of operating in North Carolina and one of our 2019 objectives is to make clear the sheer scale of the business we intend to build.“

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) 1,824 acres of surface property and the associated mineral rights from the local landowners. The new properties being the subject of this announcement total 440.6 acres, of which 137.4 acres have been acquired under land acquisition agreements and 303.2 acres have been optioned under land option agreements, on substantially the same terms as the Company’s existing land option agreements.

For further information, contact:

• Central property drilling has yielded additional high-grade intercepts, including;
  
  • 19.1m @ 1.65% Li₂O in Hole 18-CT-004
    
  • 15.1m @ 1.24% Li₂O in Hole 18-CT-009
    
  • 7.8m @ 1.69% Li₂O and 4.4m @ 1.73% Li₂O in Hole 18-CT-010
    
  • 9.3m @ 1.24% Li₂O and 4.3m @ 1.57% Li₂O in Hole 18-CT-005

• Previously-reported Central results included an intercept of 34m @ 1.02% Li₂O in hole 18-CT-002

• 3 drill rigs are active on Piedmont’s Core property with initial results expected in coming weeks

• Results demonstrate the widespread lithium mineralization within the Carolina Tin-Spodumene Belt

NEW YORK, Feb. 12, 2019 (GLOBE NEWSWIRE) — Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce the results of an additional 8 drill holes completed at its Piedmont Lithium Project (“Project“), which is located within the world-class Carolina Tin-Spodumene Belt (“TSB“) in North Carolina, USA. These results continue to showcase the potential for additional high-grade lithium mineralization within the TSB, which has remained largely unexplored in the 20+ years since the depletion of the historic mines operated by predecessors of lithium industry leaders Albermarle Corporation and Livent Corporation (formerly FMC Lithium).

Core and Central Properties

All 8 core holes were completed on the Central property. The Company has now reported 11 drill holes from the Central property and has completed an additional 7 core holes which are expected to be reported in the next month.

The Central property is located less than a mile south of Piedmont’s Core property, which hosts a resource of 16.2 million tonnes @ 1.12% Li₂O and a completed Scoping Study showing the potential to build a low-cost integrated lithium operation in the USA. Phase 4 drilling continues on the Core property and these results will also be released to the market as they become available over the coming months.

Keith D. Phillips, President and Chief Executive Officer, commented: “We are very pleased with the results of drilling at the Central property, both in terms of the grades and thicknesses reported and also in the clear demonstration of the potential of the TSB.  The United States Geological Survey undertook a detailed review of the TSB in the 1970s and documented the vast potential of the region at that time.  Drilling is also going very well on our expanded Core property and suffice it to say we believe a significant expansion to our 16.2 Mt maiden resource will be forthcoming mid-year.“

For further information, contact:

NEW YORK, Jan. 22, 2019 (GLOBE NEWSWIRE) — Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that following completion of its recent capital raising the Company has initiated a 25,000-meter Phase 4 drill program at the Piedmont Lithium Project (“Project“) located within the world-class Carolina Tin-Spodumene Belt (“TSB“) which will aim to significantly expand on the 13-year project life reported in the Scoping Study released on September 13, 2018.

Core and Central Properties with Resource, Exploration Targets, and mineralized trends.

Three drill rigs have been mobilized with two currently committed to the Core property and one to the Central property. The Core program will consist of approximately 110 holes totaling 19,000 meters and is designed to drill the Exploration Target areas reported June 14, 2018, perform initial drilling on newly acquired properties contiguous to the Core property, and upgrade portions of the current Mineral Resource Estimate from Inferred to Indicated classification (see Figure 1).

The remaining 6,000 meters is allocated to follow-up drilling on the Central and Sunnyside properties, and initial drill testing of new or other properties not yet drilled with the potential to define a Mineral Resource Estimate on one or more of these additional properties. 

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/64698e13-4229-4cc3-a982-7896188e5219

Core Property Drilling

The 110 hole, 19,000-meter Core property drill campaign is designed to increase the overall Mineral Resource Estimate and to upgrade a portion of the current Mineral Resource from the Inferred to the Indicated Category.

Significant portions of the drill program will focus on a previously reported Exploration Target of between 4.5 to 5.5 million tonnes grading between 1.10% and 1.20% Li₂O (Figure 1) on the Core property with the objective of converting some or all of this to a Mineral Resource. 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.

Recently-announced land acquisitions contiguous to the Core Property provide significant additional exploration potential.  These tracts are located in the southeast and western portions of the Core Property.  These properties have added 600 meters of highly prospective strike length along the F corridor and 400 meters of highly prospective strike length along the G Corridor.  In combination with the current Exploration Target these new properties have potential to add to the Core Property’s current Mineral Resource Estimate of 16.2 Mt @ 1.12% Li₂O reported June 14, 2018.

Central Property Drilling

One rig was mobilized to the Central Property in December and has to-date completed 8 holes totaling 1,204.8 meters (Figure 1).  These holes were designed to follow-up the intercepts from holes 18-CT-001 (7.0m @ 1.53% Li₂O) and 18-CT-002 (34.0m @ 1.04% Li₂O), reported October 17, 2018.

Holes 18-CT-004 through 18-CT-011 all intercepted spodumene-bearing pegmatite with intercepts ranging from 5 to 19 meters.  This extends the strike length of the mineralized dike encountered at Central for over 320 meters and it remains open in all directions.  Assays are pending for these holes.

X-Ray Diffraction analysis of two samples from hole 18-CT-002 confirm spodumene is the only primary lithium bearing mineral in the mineralized pegmatites.  The primary mineralogy is consistent with Piedmont’s Core property consisting principally of quartz, albite, spodumene, muscovite and microcline.

Sunnyside and Other Property Drilling

In 2018 the Company completed 33-line kilometers of magnetometer surveys and collected 1,216 soil samples on Sunnyside, Central and other regional properties.  Drill targets have been identified based on the results of soil sampling and selective drilling of these targets will take place during Phase 4.

Keith D. Phillips, President and Chief Executive Office, said, “We are excited about the Phase 4 drill campaign and are confident that it will lead to a further enhancement of the 13-year mine life and US$888 million NPV reported in our updated Scoping Study in September 2018.  Our prior work has shown the powerful economic advantages of our North Carolina location, and as we continue to build our land package and resource base, we will establish the Project as one of the world’s most significant and strategic hard-rock lithium properties.”

For further information, contact:

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