Initial Central Mineral Resource Estimate Boosts Total Project Resources

(firmenpresse) - Initial Central Mineral Resource Estimate Boosts Total Project Resources

- Initial Mineral Resource at Central property of 2.80 Mt (at) 1.34% Li2O based on only 18 drill holes
- Project-wide Mineral Resources increased to 19.0 Mt (at) 1.15% Li2O
- Phase 4 drilling continues with three rigs operating on the Core property
- Core Mineral Resource update expected in June 2019 based on approximately 70 Phase 4 holes

Piedmont Lithium Limited (Piedmont or Company) is pleased to announce an initial Mineral Resource estimate on its Central property of 2.8 Mt at 1.34% Li2O. Approximately 50% or 1.41 million tonnes of the Mineral Resource is classified in the Indicated Resource category. The Mineral Resource estimate has been prepared by independent consultants, CSA Global Pty Ltd (CSA) and is reported in accordance with JORC Code (2012 Edition).

The reported Central Mineral Resource estimate (MRE) above is based on 18 diamond core holes totaling 2,840 meters. Significant intercepts from all 18 holes are reported in Appendix 1. The deposit is open in all directions. The Central Property is located approximately 1 mile south of the Core Property (Figure 1). The Companys project-wide Mineral Resources now total 19.0 Mt at 1.15% Li2O.

Piedmont Lithium Project Mineral Resource Estimate Summary
(0.4%
cut-off)

Resource Core Property Central PropertyTotal
Category

Tonnes Grade (LTonnes Grade (LTonnes Grade (L
(M i (M i (M i
t) 2O%) t) 2O%) t) 2O%)
Indicated8.50 1.15 1.41 1.38 9.91 1.18
Inferred 7.70 1.09 1.39 1.29 9.09 1.12
Total 16.20 1.12 2.80 1.34 19.00 1.15

Phase 4 drilling is ongoing and the Company expects to announce a further Mineral Resource update in June 2019. The Central MRE and overall Resource update will be included in the Projects updated scoping study scheduled for July 2019.

Keith D. Phillips, President and Chief Executive Officer, commented: We are very pleased with the initial high-grade Mineral Resource Estimate at Central. This is a property with great potential and the MRE is based on only 18 drill holes, 16 of which encountered thick, high-grade mineralization. We hope to expand our land holdings in this area and ultimately drill out a substantially larger resource at Central. Phase 4 drilling continues with 3 rigs operating on the Core property and we expect a material resource upgrade in June. The Piedmont project is quickly becoming one of the largest hard-rock lithium projects in North America, while enjoying all the benefits of our unique North Carolina, USA location.

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
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Figure 1. Resource Location Map

Summary of Resource Estimate and Reporting Criteria

This ASX announcement has been prepared in compliance with JORC Code (2012 Edition) and the ASX Listing Rules. The Company has included in Appendix 2 the Table Checklist of Assessment and Reporting Criteria for the Piedmont Lithium Project as prescribed by the JORC Code (2012 Edition) and the ASX Listing Rules.

The following is a summary of the pertinent information used in the MRE with the full details provided in Table 1 included as Appendix 2: JORC Table 1.

Geology and Geological Interpretation

Regionally, the Carolina Tin-Spodumene belt extends for 40 kilometers along the litho tectonic boundary between the Inner Piedmont and Kings Mountain belts. The mineralized pegmatites are 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 lithium (Li) and tin (Sn). The dikes are considered to be unzoned.

On the property scale, spodumene pegmatites are hosted in a fine to medium grained, weakly to moderately foliated metasediments. The spodumene pegmatites range from fine grained (aplite) to very coarse-grained pegmatite with primary mineralogy consisting of spodumene, quartz, plagioclase, potassium-feldspar and muscovite.

The resource is comprised of two sub parallel northeast trending spodumene bearing pegmatite dikes. The western dike is defined by 11 drill holes for a strike length of 370 meters and to a depth of 230 meters. This dike dips steeply to the southeast and remains open in all directions (Figure 3A).

The eastern dike has been intersected by 5 drill holes, traced for 220 meters and is nearly vertical in its orientation (Figure 3B). The dike is high grade and has produced some of Piedmonts best drill results to date including 43.2 meters (at) 1.73% Li2O. This dike also remains open in all directions.
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Figure 2. Central Mineral Resource Estimate showing classification categories.
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Figures 3A, 3B. Cross sections of dikes showing the grade distribution for the resource block model.

Please follow the link to view entire original news in English language:
https://www.asx.com.au/asxpdf/20190424/pdf/444hv5kdfy41xq.pdf

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 worlds 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.

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 Projects Core Property 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 Central Property Mineral Resource of 2.80Mt (at) 1.34% Li2O comprises Indicated Mineral Resources of 1.41Mt (at) 1.38% Li2O and 1.39Mt (at) 1.29% Li2O.

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 information in this report that relates to Exploration Targets and Mineral Resources is based on, and fairly represents, information compiled or reviewed by Mr. Leon McGarry, a Competent Person who is a Professional Geoscientist (P.Geo.) and registered member of the Association of Professional Geoscientists of Ontario (APGO no. 2348), a Recognized Professional Organization (RPO). Mr. McGarry is a Senior Resource Geologist and full-time employee at CSA Global Geoscience Canada Ltd. Mr. McGarry has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Mineral Resources and Ore Reserves. Mr. McGarry consents to the inclusion in this report of the results of the matters based on his information in the form and context in which it appears.

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 Dept From To InterLi2
ID g ng (m) (o)(o) h (m) (m) cept O

(m) (m) (%)
18-CT473181391353274.2314-53.149. 45.89 48.42.53 1.0
-001 .9 1.3 .0 5 55 2 4

and 63.00 72.59.55 1.1
5 8

inclu67.00 71.04.00 1.8
ding 0 8

18-CT473196391349275.8316-55.200. 74.70 108.33.971.0
-002 .2 7.6 .0 1 0 67 4

inclu75.70 81.76.00 1.4
ding 0 9

inclu90.70 104.14.001.2
ding 70 4

18-CT472916391349275.1301-54.150. No Significant
-003 .3 3.4 .0 7 0 Intercepts

18-CT473208391345278.6319-57.161. 129.70 148.19.141.6
-004 .3 8.3 .0 3 0 84 5

18-CT473168391348278.2310-55.144. 72.74 77.14.39 1.7
-005 .4 3.5 .0 8 0 3 3

and 85.78 93.57.76 1.6
4 9

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

18-CT473138391341284.7312-56.121. 92.70 103.11.181.0
-007 .1 1.1 .0 6 0 88 1

inclu99.70 102.2.30 1.6
ding 00 9

18-CT473038391337283.1306-56.119. 48.45 53.55.05 1.1
-008 .3 5.0 .0 1 0 0 9

18-CT473252391353275.7310-52.164. 127.90 143.15.101.2
-009 .0 5.6 .0 6 0 00 4

18-CT473299391358275.6314-55.185. 152.17 156.4.27 1.5
-010 .7 7.0 .0 7 0 44 7

and 166.27 175.9.35 1.3
62 8

19-CT473255391362273.4313-55.145. 73.82 83.09.26 1.1
-011 .2 3.4 .0 6 0 8 4

and 134.1 139.5.75 1.0
85 5

19-CT473141391335286.1309-54.195. 90.56 93.53.02 0.6
-012 .6 0.2 2 0 8 6

and 111.34 119.8.44 1.3
78 2

19-CT473246391342281.4309-58.215. 194.21 208.14.111.6
-013 .1 5.6 7 0 32 1

inclu202.00 207.5.13 2.0
ding 13 5

19-CT473406391354283.6300-55.140. 69.83 112.43.151.7
-014 .1 6.7 8 0 98 3

inclu70.83 89.318.531.8
ding 6 2

inclu94.12 104.10.452.2
ding 57 9

19_CT473406391354283.6295-69.179. 135.62 163.28.1 1.3
-015 .1 6.7 2 0 72 5

18-CT473426391360281.8280-48.200. 28.50 45.717.281.4
-016 .3 7.8 .0 2 0 8 7

and 141.49 144.2.51 1.1
00 6

18-CT473378391351282.3303-53.98.0 54.40 78.524.181.6
-017 .5 6.8 .0 9 8 5

18-CT473367391347282.3300-52.109. 73.34 89.716.411.4
-018 .4 6.6 .0 9 0 5 8

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
core (i.e. bisecting mineralized
specialised industry veins or cut perpendicular to a
standard fabric in the rock that is
measurement tools independent of mineralization,
appropriate to the such as foliation). Diamond
minerals under drilling provided continuous core
investigation, which allowed continuous sampling
such as of mineralized zones. The core
sample intervals were a minimum of
downhole gamma sonde 0.35m and a maximum of 1.5m for HQ
s or NQ drill core (except in
, or handheld XRF
instruments, saprolitic areas of poor recovery
etc.). These where sample intervals may exceed
examples should 1.5m in length) and took into
not be taken as account lithological boundaries
limiting the broad (i.e. sample was to, and not
meaning of across, major
sampling. contacts).

> Include reference Standards and blanks were inserted
to measures taken into the sample stream to assess
to ensure sample the accuracy, precision and
methodology of the external
representivity and laboratories used. In addition,
the appropriate field duplicate samples were
calibration of any inserted to assess the variability
measurement tools of the
or systems
used. mineralization., The laboratories
undertake their own duplicate
> Aspects of the sampling as part of their internal
determination of QA/QC processes. Examination of
the QA/QC sample data indicates
mineralisation that satisfactory performance of field
are Material to sampling protocols and assay
the Public Report. laboratories providing acceptable
In cases where levels of precision and
industry accuracy.
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.

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
rotary air blast,
auger, Bangka, unoxidized bedrock was encountered.
sonic, etc.) and Drill core was recovered from
details (e.g. core surface.
diameter, triple
or standard tube, Oriented core was collected on all
depth of diamond drill holes using the REFLEX ACT
tails, III tool by a qualified geologist
face-sampling bit at the drill rig. The orientation
or other type, data is currently being evaluated.
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 its original position as closely
sample recovery as possible.
and 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
exists between centimeter.
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 loggeCore logging consisted of marking
d to a level of the core, describing
detail to support
appropriate lithologies, geologic features,
Mineral Resource percentage of
estimation, mining
studies and spodumene and structural features
metallurgical measured to core
studies. axis.

> Whether logging The core was photographed wet
is qualitative or before logging and again
quantitative in immediately before sampling with
nature. Core (or the sample numbers
visible.
costean, channel,
etc.) All the core from the eighteen
photography. holes reported was
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 sample interval. These samples are
consecutively numbered after the
maximise representiv primary sample and recorded in the
ity sample database as field
of samples. 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
of quality and Properties drilling were shipped
assay appropriateness of to the SGS laboratory in
data the assaying and Lakefield, Ontario.
and laboratory
laborat procedures used
ory and whether the The preparation code was CRU21
tests technique is (crush to 75% of sample <2mm) and
considered partial PUL45 (pulverize 250g to 85% <75
or microns).
total.
The analyses code was GE ICP91A,
> For geophysical which uses a peroxide fusion with
tools, an ICP finish, and has lower and
spectrometers, upper detection limits of 0.001
handheld XRF and 50,000 (5%) ppm respectively.
instruments, etc.,
the parameters
used in Selected samples where analyzed
determining the using ICM40B (multi-acid digestion
analysis including with either an ICP-ES or ICP-MS
instrument make finish), which has a range for Li
and model, reading of 1 to 10,000 (1%) ppm Li and
times, samples >5,000ppm were run using
calibrations GE ICP90A.
factors applied
and their
derivation, Accuracy monitoring was achieved
etc. through submission and monitoring
of certified reference materials
> Nature of quality (CRMs).
control procedures
adopted (e.g.
standards, blanks, Sample numbering and the inclusion
duplicates, of CRMs was the responsibility of
external the project geologist submitting
laboratory checks) the samples. A CRM or coarse blank
and whether was included at the rate of one
acceptable levels for every 20 drill core samples
of accuracy (i.e. (i.e. 5%).
lack of bias) and
precision have
been The CRMs used for this program were
established. 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 Std
um
Dev
GTA-02 Geostats 1827 31
GTA-04 Geostats 9275 213
GTA-08 Geostats 1102 50
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

analyzed 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

> Documentation of McGarry (Senior Resource
primary data, data Geologist). Each provided comments
entry procedures, on how to improve our methods and
data verification, have been addressed. Verification
data storage core samples were collected by
(physical and Leon
electronic)
protocols. McGarry.
No holes were twinned.
> Discuss any Three-meter rods and core barrels
adjustment to were used. Li% was converted to
assay Li
data. 2O by multiplying Li% by 2.153.

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-
> Specification of Trac multi-shot instrument.
the grid system Readings were taken approx. every
used. 15 meters and recorded depth,
azimuth, and
> Quality and inclination.
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 Li
establish the 2
degree of O%, this is calculated by
geological and multiplying drill length by
grade continuity Li
appropriate for 2O for each sample; then the
the Mineral weighted averages for multiple
Resource and Ore samples are
Reserve estimation
procedure(s) and totaled and divided by the total
classifications drill length for the selected
applied. samples

> Whether sample
compositing has
been
applied.

Orientat> Whether the The drill holes were designed and
ion of orientation of oriented with inclinations ranging
data sampling achieves from -55 to -70 degrees, to best
in unbiased sampling intersect the pegmatite bodies as
relatio of possible close to perpendicularly as
n to structures and the possible.
geologi extent to which
cal this is known,
structu considering the
re deposit
type.

> If the
relationship
between the
drilling
orientation and
the orientation of
key

mineralised structur
es 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 developed a Standard Operating
or any audits or Procedures manual in preparation
reviews reviews of for the drilling program. CSA
sampling reviews all logging and assay
techniques and data, as well as merges all data
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, 2,105 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

> The security of license to operate in this 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
litho-tectonic boundary between
mineralisation. 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
ation Results, weighting
method averaging hole thickness not true thickness.
s techniques, Weighted averaging was used in
maximum and/or preparing the intercepts
minimum grade reported.
truncations (e.g.
cutting of high
grades) and The drill intercepts were
cut-off grades are calculated by adding the weighted
usually Material value (drill length x assay) for
and should be each sample across the entire
stated. pegmatite divided by the total
drill thickness of the pegmatite.
> Where aggregate For each mineralized pegmatite,
intercepts all assays were used in the
incorporate short composite calculations with no
lengths of upper or lower cut-offs.
high-grade results Mineralized pegmatite is defined
and longer lengths as
of low grade
results, the spodumene bearing pegmatite.
procedure used for Intercepts were reported for
such aggregation entire pegmatites, taking into
should be stated account lithological boundaries
and some typical (i.e. sample to, and not across,
examples of such major contacts), with additional
aggregations high-grade sub intervals reported
should be shown in from the same pegmatite. In the
detail. case where thin wall rock
intervals were included, a value
> The assumptions of 0%
used for any Li
reporting of metal 2O was inserted for the assay
equivalent values value, thus giving that
should be clearly individual sample a weighted
stated. value of 0%
Li
2O.
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 Li
nship relationships are 2
betwee particularly O% over the drill length, not true
n important in the thickness. The pegmatites
reporting of targeted strike
mineral Exploration northeast-southwest and dip
isation Results. moderately to the southeast. All
widths holes were drilled to the
and > If the geometry northwest and with inclinations
interc of the ranging between -55 and
ept -70.
lengthmineralisation with
s 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).

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 available at this time has been
ing Exploration 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
ation be reported property.
data 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.

Further> The nature and .
work scale of planned Piedmont plans to release an
further work (e.g. updated Scoping Study midsummer
tests for lateral 2019 which will include Core and
extensions or Central Properties in Q2 2019.
depth extensions
or large-scale
step-out
drilling). Additional drilling at Central
Property is planned for the
> Diagrams clearly latter part of
highlighting the 2019.
areas of possible
extensions,
including the main
geological
interpretations
and future
drilling areas,
provided this
information is not
commercially
sensitive.

Section 3 Estimation and Reporting of Mineral Resources

CriteriaJORC Code Commentary
explanation

Database> Measures taken to Geological and geotechnical
integri ensure that data observations are recorded
ty has not been digitally in Microsoft Excel
corrupted by, for logging templates using
example, standardized logging codes
transcription or developed for the project.
keying errors, Populated templates are imported
between its into a central SQL database by a
initial collection CSA
and its use for
Mineral Resource Global database specialist via Datas
estimation hed
purposes. ® import and validation functions
to

minimize risk of transcription
errors. Likewise, sample data and
analytical results are imported
directly into the central database
from the independent
laboratory.

/> Data validation An extract of the central database
procedures was validated by the Competent
used. Person for internal integrity via

Micromine ® validation functions.
This includes logical integrity
checks of drill hole deviation
rates, presence of data beyond the

hole depth maximum, and overlapping
from-to errors within interval
data. Visual validation checks
were also made for obviously
spurious collar co-ordinates or
downhole survey
values.

Site > Comment on any CSA Global Competent Person; Leon Mc
visits site visits Garry
undertaken by the P.Geo, has undertaken multiple
Competent Person personal inspections of the
and the outcome of Piedmont properties during 2017,
those 2018 and 2019 to review
visits. exploration sites, drill core and
work practices. The site geology,
sample collection, and logging
data collection procedures were
reviewed. A semi-random selection
of drill collar locations at the
Core, Central and Sunnyside
properties was verified. The
presence of

spodumene hosted lithium mineralizat
ion
was verified by the visual
inspection of core samples from
the Central Property and by the
collection of independent check
samples from drill core and
outcrop from the Core Property.
The outcome of the site visits was
that data has been collected in a
manner that supports reporting a
Mineral Resource estimate for the
Central Property in accordance
with the JORC Code, and controls
to the

mineralization are well-understood.
/> If no site visits Site visits have been conducted.
have been
undertaken
indicate why this
is the
case.

Geologic> Confidence in (or Geological models developed for the
al conversely, the Central deposit are based on the
interpr uncertainty of) lithological logging of visually
etation the geological distinct pegmatite
interpretation of
the mineral spodumene bearing pegmatites within
deposit. amphibolite-biotite schist and
metasedimentary host facies.
Deposit geology is well understood
based on surface pegmatite
outcrops and drilling at

spacings sufficient to provide
multiple points of observation for
modelled geological features.
Thicker units show good continuity
between points of observation and
allow a higher level of confidence
for volume and

mineralization interpretations.
Whereas, thinner units tend to be
more discontinuous and
interpretations have more
uncertainty.

/> Nature of the Input data used for geological
data used and of modelling are derived from
any assumptions qualitative interpretation of
made. observed lithology and alteration
features; semi-quantitative
interpretation of mineral
composition and the orientation of
structural features; and
quantitative determinations of the
geochemical composition of samples
returned from core
drilling.

/> The effect, if Geological models developed for the
any, of Central deposit are underpinned by
alternative a good understanding of the
interpretations on deposit
Mineral Resource geology
estimation. at the Piedmont properties. Based
on input drill

hole data, including orientated
core measurements, and surface
mapping, pegmatite dikes were
modelled as variably orientated
vertical to sub-horizontal
features. Where drill data is
sparse (i.e. at 80 m

spacings) alternative
interpretations, of the continuity
of individual pegmatites between
holes could be made. Alternate
interpretations would adjust
tonnage estimates locally but
would not likely yield a more
geologically reasonable result, or
impact tonnage and grade estimates
beyond an amount

congruent with assigned confidence
classifications.


/> The use of The model developed for mineralizati
geology in guiding on
and controlling is guided by observed geological
Mineral Resource features and is principally
estimation. controlled by the interpreted
presence or absence of

spodumene bearing pegmatite.
Estimated deposit densities are
controlled by interpreted
weathering surfaces. Above the

saprolite surface, and in outcrop, s
podumene
bearing pegmatites have variable Li
2
O grade populations, sufficiently
similar to fresh rock, allowing
Li
2O grade estimates to

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