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Piedmont Lithium Ltd.

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Summary

Project:

Piedmont

Deposit:Piedmont
Location:United States
Commodities:Lithium-Silica-Feldspar-Mica
Date:9/13/2018
Report Code:JORC
Report Type:Scoping Study
Project Stage:Pursuing Resource Increase/Upgrade
Report details:13-9-2018: Piedmont Lithium Ltd. announces a Scoping Study report for its Piedmont deposit at the Piedmont project. Updated scoping study results incl. post-tax NPV of US $888M (8%), IRR of 46%, 13yr LOM. Piedmont Lithium Limited (“Piedmont” or “Company”)
Resources:(Resource, I+I): 16.19Mt @ 1.12% Li2O for 182Kt Li2O
CP/QP:[Resources]: Leon McGarry (CSA Global Pty Ltd.)
ABSTRACT:Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to report the results of the Company’s updated Scoping Study for its vertically-integrated Piedmont Lithium Project (“Project”) located within the Carolina Tin-Spodumene Belt in North Carolina, USA (“TSB”). The Project includes a lithium hydroxide chemical plant (“Chemical Plant”) supplied with spodumene concentrate from an open pit mine and concentrator (“Mine/Concentrator”). The Project has compelling projected economics due to attractive capital and operating costs, significant by-product credits, short transportation distances, minimal royalties and low corporate income taxes. This updated Scoping Study incorporates the production of by-product quartz, feldspar and mica. The addition of these by-product credits to the Project’s economics are made possible by Piedmont’s location within the industrial heartland of the mid-Atlantic United States. The benefits which byproduct credits convey onto the Project will ensure Piedmont’s highly competitive cost position within the growing lithium chemical industry. Piedmont is pleased to report the results of the updated Scoping Study for its vertically integrated lithium hydroxide chemical project located in the Carolina Tin-Spodumene Belt in North Carolina, USA. The updated Scoping Study includes a 22,700 tonne per year Chemical Plant supported by a Mine/Concentrator producing 170,000 tonnes per year (“tpy”) of 6% Li2O spodumene concentrate. By-products quartz (99,000 tpy), feldspar (125,000 tpy), and mica (15,500 tpy) will provide credits to the cost of lithium production.

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