Piedmont Announces Additional High-Grade Drill Intercepts At Its Central Property

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(businesspress24) - Piedmont Announces Additional High-Grade Drill Intercepts At Its Central Property

- Central property drilling has yielded additional high-grade intercepts, including;
- 19.1m (at) 1.65% Li2O in Hole 18-CT-004
- 15.1m (at) 1.24% Li2O in Hole 18-CT-009
- 7.8m (at) 1.69% Li2O and 4.4m (at) 1.73% Li2O in Hole 18-CT-010
- 9.3m (at) 1.24% Li2O and 4.3m (at) 1.57% Li2O in Hole 18-CT-005
- Previously-reported Central results included an intercept of 34m (at) 1.02% Li2O in hole 18-CT-002
- 3 drill rigs are active on Piedmonts Core property with initial results expected in coming weeks
- Results demonstrate the widespread lithium mineralization within the Carolina Tin-Spodumene Belt

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).

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 Piedmonts Core property, which hosts a resource of 16.2 million tonnes (at) 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:

Keith D. Phillips
President & CEO
T: +1 973 809 0505
E: kphillips(at)piedmontlithium.com

Anastasios (Taso) Arima
Executive Director
T: +1 347 899 1522
E: tarima(at)piedmontlithium.com

https://www.irw-press.at/prcom/images/messages/2019/45885/190213 - Central Property Drilling Update_FINALPRcom.001.jpeg

Figure 1. Core and Central Properties

Central Property Drilling Discussion

The Company has completed 12 core holes on the Central properties which has defined a northeast trending spodumene bearing pegmatite dike. This dike has been traced for 350 meters along strike and tested to 160 vertical meters below surface. Drill intercepts range from approximately 5 meters (Hole 18-CT-008) to 34 meters (Hole 18-CT-002 in ASX Announcement dated October 17, 2018). The Company has completed additional core holes on this pegmatite which are expected to be reported to the market in the coming month. The mineralization remains open in all directions.

X-Ray Diffraction analysis of two samples from Hole 18-CT-002 confirm spodumene is the only primary lithium bearing mineral within the pegmatite. The primary mineralogy is consistent with Piedmonts Core property being quartz, albite, spodumene, muscovite and microcline.

The Company has also encountered a second dike on the property, approximately 185 meters to the east, the results of which will also be reported in the coming month.
https://www.irw-press.at/prcom/images/messages/2019/45885/190213 - Central Property Drilling Update_FINALPRcom.002.jpeg

Figure 2. Central Property Drill Hole Locations
https://www.irw-press.at/prcom/images/messages/2019/45885/190213 - Central Property Drilling Update_FINALPRcom.003.jpeg

Figure 3. Central Property Cross-Section

About Piedmont Lithium

Piedmont Lithium Limited (ASX: PLL; Nasdaq: PLL) holds a 100% interest in the Piedmont Lithium Project located within the Carolina Tin-Spodumene Belt (TSB) and along trend to the Hallman Beam and Kings Mountain mines, which historically provided most of the western worlds lithium between the 1950s and the 1980s. The TSB has been described as one of the largest lithium regions in the world and is located approximately 25 miles west of Charlotte, North Carolina.

In September 2018 the Company published a Scoping Study for an integrated lithium hydroxide business based on a maiden Mineral Resource estimate of 16.2 million tonnes (Mt) grading at 1.12% Li2O which featured a 13-year project life, NPV8 of US$888 million, a US$3,112 per tonne lithium hydroxide operating cost, and a US$193 per tonne spodumene concentrate operating cost.

Forward Looking Statements

This announcement may include forward-looking statements. These forward-looking statements are based on Piedmonts expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Piedmont, which could cause actual results to differ materially from such statements. Piedmont makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of that announcement.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources

The information contained in this announcement has been prepared in accordance with the requirements of the securities laws in effect in Australia, which differ from the requirements of U.S. securities laws. The terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are Australian terms defined in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). However, these terms are not defined in Industry Guide 7 ("SEC Industry Guide 7") under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and are normally not permitted to be used in reports and filings with the U.S. Securities and Exchange Commission (SEC). Accordingly, information contained herein that describes Piedmonts mineral deposits may not be comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder. U.S. investors are urged to consider closely the disclosure in Piedmonts Form 20-F, a copy of which may be obtained from Piedmont or from the EDGAR system on the SECs website at http://www.sec.gov/.

Competent Persons Statement

The information in this announcement that relates to Exploration Results is based on, and fairly represents, information compiled or reviewed by Mr. Lamont Leatherman, a Competent Person who is a Registered Member of the Society for Mining, Metallurgy and Exploration, a Recognized Professional Organization (RPO). Mr. Leatherman is a consultant to the Company. Mr. Leatherman has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Leatherman consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The Projects Mineral Resource of 16.2Mt (at) 1.12% Li2O comprises Indicated Mineral Resources of 8.5Mt (at) 1.15% Li2O and Inferred Mineral Resources of 7.7Mt (at) 1.09% Li2O. The information in this announcement that relates to Exploration Targets and Mineral Resources is extracted from the Companys ASX announcement dated June 14, 2018 which is available to view on the Companys website at www.piedmontlithium.com. The information in this announcement that relates to Metallurgical Testwork Results is extracted from the Companys ASX announcements dated September 4, 2018 and July 17, 2018 which are available to view on the Companys website at www.piedmontlithium.com. The information in this announcement that relates to Process Design, Process Plant Capital Costs, and Process Plant Operating Costs is extracted from the Companys ASX announcements dated September 13, 2018 and July 19, 2018 which are available to view on the Companys website at www.piedmontlithium.com. The information in this announcement that relates to Mining Engineering and Mine Schedule is extracted from the Companys ASX announcements dated September 13, 2018 and July 19, 2018 which are available to view on the Companys website at www.piedmontlithium.com.
Piedmont confirms that: a) it is not aware of any new information or data that materially affects the information included in the original ASX announcements; b) all material assumptions and technical parameters underpinning Mineral Resources, Exploration Targets, Production Targets, and related forecast financial information derived from Production Targets included in the original ASX announcements continue to apply and have not materially changed; and c) the form and context in which the relevant Competent Persons findings are presented in this report have not been materially modified from the original ASX announcements.

Appendix 1: Drill Core Assay Data

Hole EastinNorthiElev.Az.Dip Dep From To InterLi2
ID g ng (m) (o)(o) th (m) (m) cept O

(m) (m) (%)
18-CT473208391345278.6319-57.161 129.70148.819.141.6
-004 .3 8.3 .0 3 .0 4 5

18-CT473168391348278.2310-55.144 72.74 77.134.39 1.7
-005 .4 3.5 .0 8 .0 3

and 85.78 93.547.76 1.6
9

18-CT473102391344283.7310-56.166 No Significant
-006 .9 1.5 .0 0 .0 Intercepts

18-CT473138391341284.7312-56.121 92.70 103.811.181.0
-007 .1 1.1 .0 6 .0 8 1

inclu99.70 102.02.30 1.6
ding 0 9

18-CT473038391337283.1306-56.119 48.45 53.505.05 1.1
-008 .3 5.0 .0 1 .0 9

18-CT473252391353275.7310-52.164 127.90143.015.101.2
-009 .0 5.6 .0 6 .0 0 4

18-CT473299391358275.6314-55.185 152.17156.44.27 1.5
-010 .7 7.0 .0 7 .0 4 7

and 166.27175.69.35 1.3
2 8

19-CT473255391362273.4313-55.145 73.82 83.089.26 1.1
-011 .2 3.4 .0 6 .0 4

inclu74.7 77.8 3.1 2.1
ding

and 134.8 139.85.05 1.1
5 9

Appendix 2: JORC Table 1 Checklist of Assessment and Reporting Criteria

Section 1 Sampling Techniques and Data
CriteriaJORC Code Commentary
explanation

Sampling> Nature and All results reported are from
techniq quality of diamond core samples. The core was
ues sampling (e.g. cut sawn at an orientation not
channels, random influenced by the distribution of
chips, or specific mineralization within the drill
specialised core (i.e. bisecting mineralized
industry standard veins or cut perpendicular to a
measurement tools fabric in the rock that is
appropriate to the independent of mineralization,
minerals under such as foliation). Diamond
investigation, drilling provided continuous core
such as downhole which allowed continuous sampling
gamma sondes, or of mineralized zones. The core
handheld XRF sample intervals were a minimum of
instruments, 0.35m and a maximum of 1.5m for HQ
etc.). These or NQ drill core (except in
examples should
not be taken as saprolitic areas of poor recovery
limiting the broad where sample intervals may exceed
meaning of 1.5m in length) and took into
sampling. account lithological boundaries
(i.e. sample was to, and not
> Include reference across, major
to measures taken contacts).
to ensure sample
Standards and blanks were inserted
representivity and into the sample stream to assess
the appropriate the accuracy, precision and
calibration of any methodology of the external
measurement tools laboratories used. In addition,
or systems field duplicate samples were
used. inserted to assess the variability
of the mineralisation., The
> Aspects of the laboratories undertake their own
determination of duplicate sampling as part of
mineralisation their internal QA/QC processes.
that are Material Examination of the QA/QC sample
to the Public data indicates satisfactory
Report. In cases performance of field sampling
where industry protocols and assay laboratories
standard work has providing acceptable levels of
been done this precision and
would be accuracy.
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.

Drilling> Drill type (e.g. All diamond drill holes were
techniq core, reverse collared with HQ and were
ues circulation, transitioned to NQ once
open-hole hammer, non-weathered and unoxidized
rotary air blast, bedrock was encountered. Drill
auger, Bangka, core was recovered from
sonic, etc.) and surface.
details (e.g. core
diameter, triple Oriented core was collected on all d
or standard tube, rill holes using the REFLEX ACT III
depth of diamond tool by a qualified geologist at
tails, the drill rig. The orientation
face-sampling bit data is currently being evaluated.
or other type,
whether core is
oriented and if
so, by what
method,
etc.).

Drill > Method of The core was transported from the
sample recording and drill site to the logging facility
recover assessing core and in covered boxes with the utmost
y chip sample care. Once at the logging
recoveries and facility, the following procedures
results were carried out on the
assessed. core:

> Measures taken to 1. Re-aligning the broken core in
maximise sample its original position as closely
recovery and as possible.
ensure
representative
nature of the 2. The length of recovered core was
samples. measured, and meter marks clearly
placed on the core to indicate
> Whether a depth to the nearest
relationship centimetre.
exists between
sample recovery 3. The length of core recovered was
and grade and used to determine the core
whether sample recovery, which is the length of
bias may have core recovered divided by the
occurred due to interval drilled (as indicated by
preferential the footage marks which was
loss/gain of converted to meter marks),
fine/coarse expressed as a percentage. This
material. 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 Geologically, data was collected in
chip samples have detail, sufficient to aid in
been geologically Mineral Resource estimation.
and geotechnically
logged to a level
of detail to Core logging consisted of marking
support the core, describing lithologies,
appropriate geologic features, percentage of
Mineral Resource spodumene and structural features
estimation, mining measured to core
studies and axis.
metallurgical
studies. The core was photographed wet
before logging and again
> Whether logging immediately before sampling with
is qualitative or the sample numbers
quantitative in visible.
nature. Core (or
costean, channel, All the core from the ten holes
etc.) reported was
photography. logged.

> The total length
and percentage of
the relevant
intersections
logged.

Sub-samp> If core, whether Core was cut in half with a diamond
ling cut or sawn and saw.
techniq whether quarter,
ues and half or all core Standard sample intervals were a
sample taken. minimum of 0.35m and a maximum of
prepara 1.5m for HQ or NQ drill core,
tion > If non-core, taking into account lithological
whether riffled, boundaries (i.e. sample to, and
tube sampled, not across, major
rotary split, etc. contacts).
and whether
sampled wet or The preparation code is CRU21
dry. (crush to 75% of sample <2mm) and
PUL45 (pulverize 250g to 85% <75
> For all sample microns).
types, the nature,
quality and A CRM or coarse blank was included
appropriateness of at the rate of one for every 20
the sample drill core samples (i.e. 5%).
preparation
technique.
Sampling precision is monitored by
> Quality control selecting a sample interval likely
procedures adopted to be mineralized and splitting
for all the sample into two ¼ core
sub-sampling duplicate samples over the same
stages to maximise sample interval. These samples are
consecutively numbered after the
representivity of primary sample and recorded in the
samples. sample database as field
duplicates and the primary sample
> Measures taken to number recorded. Field duplicates
ensure that the were collected at the rate of 1 in
sampling is 20 samples when sampling
representative of mineralized drill core
the in situ intervals
material
collected, Samples were numbered sequentially
including for with no duplicates and no missing
instance results numbers. Triple tag books using
for field 9-digit numbers were used, with
duplicate/second-ha one tag inserted into the sample
lf bag and one tag stapled or
sampling. otherwise affixed into the core
tray at the interval the sample
> Whether sample was collected. Samples were placed
sizes are inside pre-numbered sample bags
appropriate to the with numbers coinciding to the
grain size of the sample tag. Quality control (QC)
material being samples, consisting of certified
sampled. 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 > The nature, All samples from the Central drillin
of quality and g were shipped to the SGS
assay appropriateness of laboratory in Lakefield, Ontario.
data the assaying and
and laboratory
laborat procedures used The preparation code was CRU21
ory and whether the (crush to 75% of sample <2mm) and
tests technique is PUL45 (pulverize 250g to 85% <75
considered partial microns).
or
total. The analyses code was GE ICM40B
(multi-acid digestion with either
> For geophysical an ICP-ES or ICP-MS finish), which
tools, has a range for Li of 1 to 10,000
spectrometers, (1%) ppm
handheld XRF L
instruments, etc., i for Sunnyside.
the parameters The over-range method code for Li
used in >5,000 ppm is GE ICP90A, which
determining the uses a peroxide fusion with an ICP
analysis including finish, and has lower and upper
instrument make detection limits of 0.001 and 5%
and model, reading respectively.
times,
calibrations
factors applied Samples from the Central drill
and their campaign
derivation,
etc. were analysed using GE ICP91A Li
only
> Nature of quality .
control procedures Accuracy monitoring was achieved
adopted (e.g. through submission and monitoring
standards, blanks, of certified reference materials
duplicates, (CRMs).
external
laboratory checks)
and whether Sample numbering and the inclusion
acceptable levels of CRMs was the responsibility of
of accuracy (i.e. the project geologist submitting
lack of bias) and the samples. A CRM or coarse blank
precision have was included at the rate of one
been for every 20 drill core samples
established. (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.

Details of CRMs used in the drill
program (all values
ppm):


CRM ManufacturerLithi1
um Std
Dev

GTA-02 Geostats 1715 64
GTA-04 Geostats 9275 213
GTA-09 Geostats 4837 174
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.

Verifica> The verification Multiple representatives of
tion of of significant Piedmont Lithium, Inc. have
samplin intersections by inspected and verified the
g and either independent results.
assayin or alternative
g company CSA has conducted multiple site
personnel. visits. Dennis Arne (Managing
Director -Principal Consultant)
> The use of toured the site, facilities and
twinned reviewed core logging and sampling
holes. workflow as well as Leon McGarry
(Senior Resource Geologist). Each
> Documentation of provided comments on how to
primary data, data improve our methods and have been
entry procedures, addressed. Verification core
data verification, samples were collected by Leon
data storage McGarry.
(physical and
electronic) No holes were twinned.
protocols. Ten-foot rods and core barrels were
used, the core was converted from
> Discuss any feet to meters. Li% was converted
adjustment to to Li2O by multiplying Li% by
assay 2.153.
data.

Location> Accuracy and Drill collars were located with the
of quality of surveys Trimble Geo 7 which resulted in
data used to locate accuracies
points drill holes <1m.
(collar and
down-hole All coordinates were collected in
surveys), State Plane and re-projected to
trenches, mine Nad83 zone17 in which they are
workings and other reported.
locations used in
Mineral Resource Drill hole surveying was performed
estimation. on each hole using a REFLEX
EZ-Trac multi-shot instrument.
> Specification of Readings were taken approx. every
the grid system 15 meters (50 feet) and recorded
used. depth, azimuth, and
inclination.
> Quality and
adequacy of
topographic
control.

Data > Data spacing for For selected areas, the drill
spacing reporting of spacing is approximately 40 to 80
and Exploration m along strike and down dip. This
distrib Results. spacing is sufficient to establish
ution continuity in geology and grade
> Whether the data for this pegmatite
spacing and system.
distribution is
sufficient to Composite samples are reported in
establish the Li2O%, this is calculated by
degree of multiplying drill length by
geological and Li
grade continuity 2O for each sample; then the
appropriate for weighted averages for multiple
the Mineral samples are totalled and divided
Resource and Ore by the total drill length for the
Reserve estimation selected
procedure(s) and samples
classifications
applied.

> Whether sample
compositing has
been
applied.

Orientat> Whether the The drill holes were designed and or
ion of orientation of iented with inclinations ranging
data sampling achieves from -45 to
in unbiased sampling -
relatio of possible 55 degrees, to best intersect the
n to structures and the pegmatite bodies as close to
geologi extent to which perpendicularly as
cal this is known, possible.
structu considering the
re 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.

Sample > The measures Drill core samples were shipped
securit taken to ensure directly from the core shack by
y sample the project geologist in sealed
security. 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 > The results of CSA Global developed a Standard
or any audits or Operating Procedures manual in
reviews reviews of preparation for the drilling
sampling program. CSA global reviews all
techniques and logging and assay data, as well as
data. merges all data in to database
that is held off
site.

CSA has conducted multiple 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.


Section 2 Reporting of Exploration Results

CriteriJORC Code Commentary
a explanation

Mineral> Type, reference Piedmont, through its 100% owned
teneme name/number, subsidiary, Piedmont Lithium,
nt and location and Inc., has entered into exclusive
land ownership option agreements with local
tenure including landowners, which upon exercise,
status agreements or allows the Company to purchase
material issues (or long term lease)
with third parties approximately
such as joint
ventures, 1,383 acres of surface property
partnerships, and the associated mineral rights
overriding from the local landowners.
royalties, native
title interests,
historical sites, There are no known historical
wilderness or sites, wilderness or national
national park and parks located within the Project
environmental area and there are no known
settings. impediments to obtaining a
licence to operate in this
> The security of area.
the tenure held at
the time of
reporting along
with any known
impediments to
obtaining a
licence to operate
in the
area.

Explora> Acknowledgment The Project is focused over an
tion and appraisal of area that has been explored for
done exploration by lithium dating back to the 1950s
by other where it was originally explored
other parties. by Lithium Corporation of America
partie which was subsequently acquired
s 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 Arrows
exploration
data.

Geology> Deposit type, Spodumene pegmatites, located near
geological setting the
and style of
mineralisation. 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 > A summary of all Details of all reported drill
hole information holes are provided in Appendix 1
Inform material to the of this
ation understanding of report.
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.

Data > In reporting All intercepts reported are for
aggreg Exploration down hole thickness not true
ation Results, weighting thickness.
method averaging
s techniques,
maximum and/or Weighted averaging was used in
minimum grade preparing the intercepts
truncations (e.g. reported.
cutting of high
grades) and
cut-off grades are The drill intercepts were
usually Material calculated by adding the weighted
and should be value (drill length x assay) for
stated. each sample across the entire
pegmatite divided by the total
> Where aggregate drill thickness of the pegmatite.
intercepts For each mineralized pegmatite,
incorporate short all assays were used in the
lengths of high composite calculations with no
grade results and upper or lower cut-offs.
longer lengths of Mineralized pegmatite is defined
low grade results, as spodumene bearing pegmatite.
the procedure used
for such
aggregation should Intercepts were reported for
be stated and some entire pegmatites, taking into
typical examples account lithological boundaries
of such (i.e. sample to, and not across,
aggregations major contacts), with additional
should be shown in high-grade sub intervals reported
detail. from the same pegmatite. In the
case where thin wall rock
> The assumptions intervals were included, a value
used for any of 0% Li2O was inserted for the
reporting of metal assay value, thus giving that
equivalent values individual sample a weighted
should be clearly value of 0% Li2O.
stated.

Cumulative thicknesses are
reported for select drill holes.
These cumulative thicknesses do
not represent continuous
mineralized intercepts. The
cumulative thickness for a drill
hole is calculated by adding the
drill widths of two or more
mineralized pegmatites
encountered in the drill hole,
all other intervals are omitted
from the calculation.


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

Relatio> These Drill intercepts are reported as
nship relationships are Li2O% over the drill length, not
betwee particularly true thickness. The pegmatites
n important in the targeted strike
minera reporting of northeast-southwest and dip
lisatio Exploration moderately to the southeast. All
n Results. holes were drilled to the
widths northwest and with inclinations
and > If the geometry ranging between -45 and
interc of the -80
ept mineralisation
length with respect to
s 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).

Diagram> Appropriate maps Appropriate diagrams, including a
s and sections (with drill plan map and cross-section,
scales) and are included in the main body of
tabulations of this
intercepts should report.
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.

Balance> Where All of the relevant exploration
d comprehensive data for the Exploration Results
report reporting of all and available at this time has
ing Exploration been provided in this
Results is not report.
practicable,
representative
reporting of both
low and high
grades and/or
widths should be
practiced to avoid
misleading
reporting of
Exploration
Results.

Other > Other exploration Soil sampling and walking
substa data, if magnetometer geophysical surveys
ntive meaningful and have been completed on the
explor material, should Central and
ation be reported propert
data including (but not y.
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.

Further> The nature and .
work scale of planned A total of 18 drill holes have
further work (e.g. been completed on the Central
tests for lateral Property, assays are reported for
extensions or holes 18-CT-004 through 19-CT-011
depth extensions in this release.
or large-scale
step-out Follow up drill holes will be
drilling). designed once all assays are
received and reported for the
> Diagrams clearly remaining 7 drill
highlighting the holes
areas of possible , These drill holes will further
extensions, test the newly discovered
including the main spodumene pegmatite along strike
geological and downdip, as well as, test
interpretations other soil anomalies on the
and future property.
drilling areas,
provided this
information is not
commercially
sensitive.





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Date: 02/13/2019 - 04:46
Language: English
News-ID 1546745
Character count: 2852
Kontakt-Informationen:
Firma: Piedmont Lithium Limited
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Stadt: Wien
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