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Piedmont Lithium Ltd.

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Summary

Project:

Piedmont

Deposit:Piedmont
Location:United States
Commodities:Lithium
Date:6/7/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:7-6-2018: Piedmont Lithium Ltd. announces an Exploration/Drilling Update report for its Piedmont deposit at the Piedmont project. Drilling results incl. 20.35m @ 1.61% Li2O from 89.15m. Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advi
Resources:x
CP/QP:[Overall Report]: Lamont Leatherman (Internal)
ABSTRACT:Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that the Company has completed its Phase 3 Drilling Program and has received assay results from another 26 holes from its Core property in the Carolina Tin-Spodumene Belt (“TSB”) in North Carolina, United States. The Company intends to release a maiden Mineral Resource estimate on the Core property in accordance with the JORC Code in the coming weeks. For the Phase 3 program, the Company has completed 124 holes totalling 21,360 meters on its core property. Fifteen remaining holes from the Phase 3 campaign have assays pending. Operational efficiencies during the Phase 3 drilling budget allowed the Company to exceed the planned meterage of 20,000 meters by 1,360 meters and will allow for initial drilling on the Sunnyside and Central properties (see Table below). The necessary state permits have been received and drilling is underway at the Sunnyside Property with one hole completed. Results of drilling in these exploratory areas will be released in the coming weeks. Keith D. Phillips, President and Chief Executive Officer, said, “Drilling on the core property is now complete and we look forward to issuing our maiden Mineral Resource estimate in the near future, accompanied by a revised exploration target. Additionally, we are excited about the exploration drilling that has commenced at Sunnyside and hopeful that we will identify significant resource upside on that property.

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