Best-Ever Drill Intercepts at Piedmont Lithium Project

  • Drill results continue to showcase the outstanding potential of the
    lithium-rich, low-cost Carolina Tin-Spodumene Belt in North Carolina,
  • Drill intercepts from 4 Central property holes returned outstanding

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

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

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

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

Keith D. Phillips, President and Chief Executive Officer, commented: “We
are exceedingly happy with the early results from Phase 4 drilling.
is clear to us that the Core property will continue to grow in size, and
the results from Central are potentially transformational for the
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.

here to view the ASX Announcement

For further information:
Keith D. Phillips
President &
T: +1 973 809 0505

(Taso) Arima

Executive Director
T: +1 347 899 1522

Piedmont Commences Next Phase of Metallurgical Testwork

  • PFS-level metallurgical testwork program has commenced at SGS
  • Testwork will evaluate Dense Medium Separation, flowsheet
    optimization and ore variability
  • Program builds on 2018 results demonstrating low-iron concentrate
    grades of 6.0-6.5% Li
  • Appointed a number of consultants and suppliers to support
    additional studies in 2019

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

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.
Phase 4 drill campaign is going very well, and we look forward to
reflecting this in important engineering studies over the course of

For further information:
Keith D. Phillips
President &
T: +1 973 809 0505

Anastasios (Taso) Arima
Executive Director
T: +1 347
899 1522