Piedmont Lithium Announces Outstanding PFS-level Metallurgical Results

(firmenpresse) - - Testwork confirms ability to produce high-grade, low impurity spodumene concentrate
- Flow sheet adjusted to incorporate a combination of DMS and flotation processing
- Process simulations based on testwork results support a design basis of 85% lithium recovery
- Mineralogy shows spodumene as the only lithium bearing mineral in concentrate
- Optimization to further improve recoveries will be undertaken during Definitive Feasibility Study
- Updated flow sheet will be reflected in a Scoping Study update expected in the next 30 days

Piedmont Lithium Limited (Piedmont or Company) is pleased to announce positive results from pre-feasibility study (PFS) level metallurgical test work conducted on composite samples of ore from the Piedmont Lithium Project (Project) performed at SGS testing laboratories in Lakefield, Ontario.

Dense Medium Separation (DMS) and flotation Locked-Cycle Tests (LCT) test work results showed high quality spodumene concentrate product with a grade above 6.0% Li2O, iron oxide below 1.0%, and low impurities from composite samples. Piedmont test results compare favorably in several quality categories with the reported shipments of three emerging Australian spodumene producers.

Table 1: Results of Dense Medium Separation + Locked Cycle
Flotation Test Results
(
Composite Sample 1)
Sample Feed ConcentrFe2O3Na2O K2O CaO+ P2O5
Gradate (%) (%) (%) MgO (%)
e Grade +
Li Li MnO (
2O 2O (%) %)
(%)

Piedmont Composite1.11 6.35 0.93 0.63 0.49 0.96 0.32
Sample
1

Australian NR 6.00 1.20 NR NR NR NR
Producer
1

Australian NR 5.90 1.50 NR NR NR NR
Producer
2

Australian NR 6.10 0.61 0.80 0.76 0.79 0.30

Producer

3
NR: Not Reported

The composite samples were prepared to approximate the average grade of the Projects ore body. Overall lithium recovery during testwork for the preferred flowsheet was 77% at a grade of 6.35% Li2O. Simulations based on the testwork results support an overall plant design recovery of 85% when targeting a 6.0% Li2O spodumene concentrate product. Further optimization will be undertaken in a future feasibility level pilot testwork program.

The Companys forthcoming Scoping Study update will incorporate the updated flow sheet developed during this test work program. The benefit of incorporating DMS technology into the flow sheet will be reduced operating costs and accelerated ramp-up.

Keith D. Phillips, President and Chief Executive Officer, commented: We are very pleased with the results of this PFS-level testwork program, which confirms the outstanding mineralogy and metallurgy of the Piedmont Lithium Project. We look forward to reflecting these strong results in our forthcoming Scoping Study update, which will also incorporate the substantially larger mineral resource announced in June as well as several other constructive refinements.

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

Following on from the success of the Companys 2018 bench-scale metallurgical test work which demonstrated spodumene concentrate grades of >6.0% Li2O with low iron content of <1% Fe2O3, the Company has now completed the next phase of metallurgical test work, comprising composite samples from the Projects ore body, which has confirmed and expanded upon the prior test work.

This next phase metallurgical test work included evaluation of DMS technologys potential to function as a concentration step to produce high-quality spodumene concentrate. Flotation LCT test work was also performed on the composite samples to verify prior test work and estimate spodumene recoveries.

Samples weighing 160 kg to 220 kg were composited from mineralized core samples drilled within the Companys Core Property. Dilution material was added to each of the composites to create samples which would be representative of future operations.

Samples were processed in SGS Lakefields pilot DMS plant. Samples were processed as a coarse fraction (6.35mm x 3.3mm) and fine fraction (3.3mm x 1.0mm) and subjected to two stages of separation. Ultrafine material (1.0mm x 0) was screened from each sample for flotation locked-cycle tests. DMS tests were able to reject between 27.8% to 33.8% mass with lithium losses between 2.7% to 4.4%.

Middlings from DMS was re-crushed to -3.3mm and reprocessed. Fine materials (-1.0mm) generated during re-crushing were added to the ultrafine material and processed by locked cycle flotation. Middlings regrinding and reprocessing in flotation enable Piedmont to maintain high overall spodumene recoveries.

The PFS-level DMS testwork program used variable techniques for magnetic separation and mica removal between composite samples. These variations in testwork will enable Piedmont to conclude a PFS level flowsheet design by the end of July. The preferred process flow diagram and results are reported.

Figure 1 shows photographs of the coarse and fine DMS concentrates produced using the preferred process flow diagram. Piedmont spodumene concentrate is generally light green to white colored.
https://www.irw-press.at/prcom/images/messages/2019/48336/190717 - PFS Level Metallurgical Testwork Results_FINAL_PRcom.001.jpeg

https://www.irw-press.at/prcom/images/messages/2019/48336/190717 - PFS Level Metallurgical Testwork Results_FINAL_PRcom.002.jpeg

Figure 1. Coarse and fine final DMS concentrates produced from Piedmont composite samples

Ultrafine material and DMS middlings were ground to 300 microns. Prior to locked cycle flotation the flotation feed material was subjected to two stages of desliming and about 10 minutes of high density attrition scrubbing.

Seven cycles of locked cycle flotation testwork including spodumene rougher flotation and three cleaner stages was performed on variability samples with the average results of cycles 3-7 reported. 3rd cleaner spodumene concentrate was subjected to magnetic separation with the non-magnetics reported as final concentrate.

Based on the results of composite DMS and locked cycle flotation testwork the preferred process flow block diagram for the Project is shown in Figure 2.
https://www.irw-press.at/prcom/images/messages/2019/48336/190717 - PFS Level Metallurgical Testwork Results_FINAL_PRcom.003.jpeg


Figure 2. Potential concentrator block diagram showing dense medium and flotation circuits

Results from dense medium separation and locked-cycle testwork on the preferred flowsheet are reported in Table 2 below.

Table 2: Individual Results for DMS and LCT Tests for
Composite Sample
1

Sample ConcentraFe2O3 Na2O K2O CaO+ MP2O5 (
te Grade (%) (%) (%) gO %)
Li + MnO
2O (%) (%)

Dense Medium 6.42 0.97 0.56 0.45 0.51 0.12
Separation

Locked Cycle 6.31 0.90 0.68 0.52 1.25 0.46
Test

Combined Product6.35 0.93 0.63 0.49 0.96 0.32

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 25.1Mt (at) 1.13% Li2O comprises Indicated Mineral Resources of 12.5Mt (at) 1.13% Li2O and Inferred Mineral Resources of 12.6Mt (at) 1.04% 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 Metallurgical Testwork Results is based on, and fairly represents, information compiled or reviewed by Mr. Kiedock Kim, a Competent Person who is a Registered Member of Professional Engineers Ontario, a Recognized Professional Organization (RPO). Mr. Kim is full-time employee of Primero Group. Mr. Kim has sufficient experience that is relevant to the style of mineralisation 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 Mineral Resources and Ore Reserves. Mr. Kim 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 announcement that relates to Exploration Targets and Mineral Resources is extracted from the Companys ASX announcements dated June 25, 2019, April 24, 2019, and September 6, 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 2: JORC Table 1 Checklist of Assessment and Reporting Criteria
Section 1 Sampling Techniques and Data

CriteriJORC Code Commentary
a explanation

Samplin> Nature and Metallurgical Samples: Spodumene
g quality of concentrate testwork was
techni sampling (e.g. cut completed on three composited
ques channels, random samples of Piedmont ore named
chips, or specific
specialised Composite Sample 1, Composite Sampl
industry standard e
measurement tools
appropriate to the 2, and Composite Sample 3.
minerals under These samples were composites of ½
investigation, NQ core from selected mineralized
such as downhole and unmineralized zones
gamma sondes, or
handheld XRF from the Phase 3 drill program.
instruments, Specifically, Composite Sample 1
etc.). These consisted of selected zones from
examples should holes 18-BD-155, 18-BD-157,
not be taken as 18-BD-165, 18-BD-186, 18-BD-191,
limiting the broad 18-BD-197.
meaning of
sampling. Composite Sample 2 consisted of
selected zones from holes
> Include reference 18-BD-170, 18-BD-192, 18-BD-193,
to measures taken 18-BD-194, 18-BD-220, 18-BD-222;
to ensure sample and selected zones from holes
18-BD-159, 18-BD-169, 18-BD-194.
representivity and
the appropriate Composite Sample 3 consisted of
calibration of any selected zones from holes
measurement tools 18-BD-180, 18-BD-182, 18-BD-183,
or systems 18-BD-189, 18-BD-209, 18-BD-214,
used. and selected holes from zones
18-BD-176, 18-BD-238, and
> Aspects of the 18-BD-241.
determination of
mineralisation The mass of samples were; Composite
that are Material Sample 1 (160kg), Variability
to the Public Sample
Report. In cases
where industry 2 (176.5kg), and Composite Sample 3
standard work has (
been done this 226kg).
would be All samples were shipped to SGS
relatively simple laboratories
(e.g. reverse
circulation in Lakefield, Ontario.
drilling was used Metallurgical tests reported in
to obtain 1 m this release were conducted on
samples from which subsamples of
3 kg was
pulverised to Composite Samples 1, 2, and 3. The
produce a 30 g three (3)
charge for fire
assay). In other samples had head grades of 1.11%, 1
cases, more .16%,
explanation may be
required, such as and 1.06% Li2O, respectively. Head
where there is grades have a reporting accuracy
coarse gold that of
has inherent ±0.1%.
sampling problems.
Unusual
commodities or
mineralisation
types (e.g.
submarine nodules)
may warrant
disclosure of
detailed
information.

Drillin> Drill type (e.g. All diamond drill holes were
g core, reverse collared with HQ and were
techni circulation, transitioned to NQ once
ques 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
or standard tube, drill holes using the REFLEX ACT
depth of diamond III tool by a qualified geologist
tails, at the drill rig. The orientation
face-sampling bit data is currently being
or other type, 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
recove assessing core and facility in covered boxes with
ry chip sample the utmost care. Once at the
recoveries and logging facility, the following
results procedures were carried out on
assessed. the
core:
> Measures taken to
maximise sample 1. Re-aligning the broken core in
recovery and its original position as closely
ensure as possible.
representative
nature of the
samples. 2. The length of recovered core
was measured, and meter marks
> Whether a clearly placed on the core to
relationship indicate depth to the nearest
exists between centimeter.
sample recovery
and grade and 3. The length of core recovered
whether sample was used to determine the core
bias may have recovery, which is the length of
occurred due to core recovered divided by the
preferential interval drilled (as indicated by
loss/gain of the footage marks which was
fine/coarse converted to meter marks),
material. expressed as a percentage. This
data was recorded in the
database. The core was
photographed wet before
logged.

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


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

Logging> Whether core and Geologically, data was collected
chip samples have in 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 holes
etc.) utilized in sample preparation
photography. was
logged.
> The total length
and percentage of
the relevant
intersections
logged.

Sub-sam> If core, whether Metallurgical Samples: Theses
pling cut or sawn and samples were composites of sawn ½
techni whether quarter, NQ core from select mineralized
ques half or all core
and taken. and non-mineralized zones from the
sample Phase
prepar> If non-core,
ation whether riffled, 3 drill program.
tube sampled, Metallurgical tests reported in
rotary split, etc. this release were conducted on
and whether subsamples of
sampled wet or
dry. Composite Samples 1, 2, and 3.
The three (3) samples had head
> For all sample grades of
types, the nature, 1.1
quality and 1%, 1.16%, and 1.06% Li2O,
appropriateness of respectively. Head grades have a
the sample reporting accuracy of
preparation ±0.1%.
technique.
The mass of samples were; Composite
> Quality control Sample 1
procedures adopted (160kg),
for all Composite Sample 2 (176.5kg), and
sub-sampling Composite Sample
stages to maximise 3
(226kg).
representivity of All samples were shipped to SGS
samples. laboratories in Lakefield,
Ontario.
> Measures taken to
ensure that the Composite samples were prepared
sampling is with mineralized and
representative of non-mineralized core intercepts
the in situ
material targeting a Li2O head grade which
collected, simulated
including for
instance results a potential run-of-mine grade.
for field
duplicate/second-ha
lf
sampling.

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

Quality> The nature, The focus of the pre-feasibility
of quality and level testwork program undertaken
assay appropriateness of by SGS was to
data the assaying and
and laboratory determine whether Dense Medium
labora procedures used Separation (DMS)
tory and whether the
tests technique is plus flotation is an effective
considered partial processing technology for the
or beneficiation of Piedmont
total. Lithiums ore
body.
> For geophysical
tools, SGS completed a series of Heavy
spectrometers, Liquids Separation (HLS) tests on
handheld XRF
instruments, etc., subsets of the Composite Samples
the parameters to determine a target Separating
used in Gravity (SG) for
determining the
analysis including the DMS tests. Density fractions
instrument make in the HLS included 2.60, 2.65,
and model, reading 2.70,
times, 2.
calibrations 80, 2.90, 2.95, and 3.0.
factors applied Based on HLS testwork results, it
and their was determined that all three (3)
derivation,
etc. composite samples would be
subjected to the following
> Nature of quality procedure:
control procedures
adopted (e.g. - Samples crushed to a -6.35mm tops
standards, blanks, ize
duplicates,
external - Wet screening of samples to
laboratory checks) separate -1.0mm
and whether fines
acceptable levels
of accuracy (i.e. - Separation of the DMS feed
lack of bias) and sample into two (2) size
precision have fractions;
been
established. coarse (6.35mm x 3.3mm) and fine (3
.3mm x
1.0mm
).
- Processing in SGS labs dense
medium cyclone pilot plant in

two stages
- Primary stage DMS operated at
2.65
SG

- Secondary stage DMS operated at
2.90
SG

- Primary stage float material for
both coarse and fine DMS was
assayed and reported as
rejects.

- Secondary stage sink material
for both coarse and fine DMS was
assayed and reported as
concentrate.

- Coarse secondary stage float
material

was collected as middlings and recr
ushed
to -3.3mm. The -1.0mm material
was then screened from this

fraction. The remaining 3.3mm x
1.0mm

middlings material was subjected
to HLS on 2.60, 2.65, 2.70, 2.80,
2.90, 2.95, and 3.00

SG. The sink 2.95 material was
assayed and combined with the
secondary stage sink material and
reported as
concentrate.

- The concentrate products were pas
sed through magnetic separation
and the non-magnetic coarse
secondary

product, non-magnetic fine
secondary product, and the
non-magnetic re-crush HLS sink
2.95 material were reported as a
final concentrate
product.

Composite Samples included a
selection of non-mineralized
intercepts

in order to represent a potential
run-of-mine ore.

Waste removal was achieved in the C
omposite
Samples by different means:
- Composite Sample 1 was not
subjected to magnetic separation
for waste
remo
val prior to DMS testing.
- Composite Sample 2 was subjected
to magnetic
sepa
ration before DMS. Non-magnetics
from magnetic separation

were processed in DMS. Magnetics r
eported to
waste.

- The 3.3mm x 1.0mm size fraction
of

Composite Sample 2 was subjected
to

crossflow separation for mica
removal prior to DMS processing.
Crossflow underflow was reported
to

fine DMS.
- Composite Sample 3 was subjected
to magnetic separation before
DMS. Non-magnetics from magnetic
separation were processed in DMS.
Magnetics reported to
waste.

Chemical Analysis
The following assays were
conducted on the various sample
streams:


Li2O, Fe2O3, SiO2, Al2O3, MgO, CaO,
Na
2O, K2O, MnO, P2O5

Performance of Composite Sample 1
DMS testwork was most favorable
with respect to grade and
minimization of lithium losses in

primary stage floats and waste
removal

and these results are reported as
the go-forward design
case.


Locked-Cycle Flotation Testwork

-1.0mm material and secondary
stage fine DMS float material
from the test procedure above for
three
(3)
composite samples were collected a
nd subjected to locked-cycle
flotation
testing.






The locked-cycle test for Composite
Sample 1
included:


- Multi-stage grinding to about P10
0
of 300 microns
- 3 minutes of high density
scrubbing

- Desliming
- 10 minutes of high density
scrubbing

- Desliming
- High density conditioning using
spodumene collector FA2/TPA at
22°C,
550g/t

- Rougher, 1st Cleaner, 2nd Cleaner
,
3
rd Cleaner flotation
- Acid wash as pH 2.5
- Magnetic separation

The locked-cycle test for Composite
Sample

2 included:


- Multi-stage grinding to about P10
0
of 300 microns
- 3 minutes of high density
scrubbing

- Desliming
- Two-stage magnetic separation at
5,000G and
10,000G

- 10 minutes of high density
scrubbing
on non-magnetics
- Conditioning at pH 10.5 with
mica collector

ArmacT: 60g/t
- Mica rougher scavenger flotation
- Dewatering cyclone
- High density scrubbing at pH 11
- Desliming
- High density conditioning using
spodumene collector

727 at 22°C, 550g/t
- Rougher, 1st Cleaner, 2nd Cleaner
,
3
rd Cleaner flotation
- Magnetic separation

Locked-cycle testwork for Composite
Sa
mple 3 is pending as of this announ
cement.


Seven cycles of locked-cycle
testwork was performed on each
sample. The average

results from cycles 3-7 were
reported.


Lithium assays were performed in ac
cordance with

analyses code was GE ICP91A, which
uses a peroxide fusion with an
ICP finish, and has lower and
upper detection limits of 0.001
and 50,000 (5%) ppm respectively.



SiO2, Al2O3, MgO, Na2O, K2O, CaO, P
2
O5, and Fe2O3 assays were
performed in accordance with
analyses code

GO/GC/GT_XR which includes
formation of a homogeneous glass
disk

by lithium tetraborate / lithium
metaborate fusion. Prepared
disks are analyzed by

wavelength dispersion X-ray
fluorescence (XRF). The lower
reporting limit for the

oxides listed is 0.01%.

Verific> The verification Metallurgical Sample: Representati
ation of significant ves of Piedmont
of intersections by Lithium
sampli either independent and multiple representatives of
ng and or alternative Primero
assayi company Group
ng personnel. have inspected the testwork.
Dr. Massoud Aghamirian of SGS direc
> The use of ted the testwork program.
twinned
holes. Mr. Kiedock Kim of Primero Group
designed the testwork program and
> Documentation of provided management
primary data, data
entry procedures, and feedback during the course of
data verification, or the
data storage program.
(physical and
electronic) No adjustments or calibrations
protocols. were made to the primary
analytical data reported for
> Discuss any metallurgical testwork results
adjustment to for the purpose of reporting
assay assay grades or mineralized
data. intervals

Locatio> Accuracy and Drill collars were located with
n of quality of surveys the Trimble Geo 7 which resulted
data used to locate in 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 N/A
spacin reporting of
g and Exploration
distri Results.
bution
> Whether the data
spacing and
distribution is
sufficient to
establish the
degree of
geological and
grade continuity
appropriate for
the Mineral
Resource and Ore
Reserve estimation
procedure(s) and
classifications
applied.

> Whether sample
compositing has
been
applied.

Orienta> Whether the N/A
tion orientation of
of sampling achieves
data unbiased sampling
in of possible
relati structures and the
on to extent to which
geolog this is known,
ical considering the
struct deposit
ure 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
securi taken to ensure directly from the core shack by
ty 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


Metallurgical samples - all
metallurgical samples were
transported to

SGS laboratories in Lakefield,
Ontario
.
Audits > The results of Metallurgical Sample:
or any audits or Representatives of Piedmont
review reviews of Lithium and multiple
s sampling representatives of Primero Group
techniques and have inspected the
data. testwork.

Dr. Massoud Aghamirian of SGS
directed the testwork program.
Mr. Kiedock Kim of Primero Group
designed the testwork program and
provided management and feedback
during the course of or the
program.
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
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 N/A
hole information
Inform material to the
ation understanding of
the exploration
results including
a tabulation of
the following
information for
all Material drill
holes:

> easting and
northing of the
drill hole
collar

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

> dip and azimuth
of the
hole

> down hole length
and interception
depth

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

Data > In reporting Metallurgical Samples: Spodumene
aggreg Exploration concentrate testwork was
ation Results, weighting completed on three composited
method averaging samples of Piedmont ore named
s techniques,
maximum and/or Composite Sample 1, Composite Sampl
minimum grade e
truncations (e.g.
cutting of high 2, and Composite Sample 3.
grades) and These samples were composites of ½
cut-off grades are NQ core from selected mineralized
usually Material and unmineralized zones from the
and should be Phase 3 drill
stated. program.

> Where aggregate Specifically, Variability Sample 1
intercepts consisted of selected zones from
incorporate short holes 18-BD-155, 18-BD-157,
lengths of high 18-BD-165, 18-BD-186, 18-BD-191,
grade results and 18-BD-197. Variability Sample 3
longer lengths of consisted of selected zones from
low grade results, holes 18-BD-170, 18-BD-192,
the procedure used 18-BD-193, 18-BD-194, 18-BD-220,
for such 18-BD-222
aggregation should ; and selected zones from holes
be stated and some 18-BD-159, 18-BD-169, 18-BD-194.
typical examples
of such Variability Sample 7 consisted of
aggregations selected zones from holes
should be shown in 18-BD-180, 18-BD-182, 18-BD-183,
detail. 18-BD-189, 18-BD-209,
18-BD-214
> The assumptions , and selected holes from zones 18-
used for any BD-176, 18-BD-238, and
reporting of metal 18-BD-241.
equivalent values
should be clearly The mass of samples were; Composite
stated. Sample 1 (160kg),

Composite Sample 2 (176.5kg), and C
omposite
Sample 3 (226kg).
For all holes included in the
samples above, the original
exploration samples averaged 1 m
in length but were designed to
break on lithologic and textural
boundaries. Exploration results
for
Li
2O have been released in prior
Press
Releases.

Relatio> These N/A
nship relationships are
betwee particularly
n important in the
minera reporting of
lisatio Exploration
n Results.
widths
and > If the geometry
interc of the
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 N/A
s and sections (with
scales) and
tabulations of
intercepts should
be included for
any significant
discovery being
reported These
should include,
but not be limited
to a plan view of
drill hole collar
locations and
appropriate
sectional
views.

Balance> Where All of the relevant data for the Me
d comprehensive tallurgical Results available at
report reporting of all this time has been provided in
ing Exploration 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 N/A
substa data, if
ntive meaningful and
explor material, should
ation be reported
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 Completion of locked-cycle
work scale of planned testwork for
further work (e.g.
tests for lateral Composite Sample 3
extensions or Pilot metallurgical testwork for a
depth extensions future Definitive Feasibility
or large-scale Study
step-out (DFS)
drilling).

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

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Datum: 17.07.2019 - 14:00 Uhr
Sprache: Deutsch
News-ID 595935
Anzahl Zeichen: 57330

contact information:
Town:

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Kategorie:

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