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Piedmont Lithium Ltd.

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Summary

Project:

Piedmont

Deposit:Piedmont
Location:United States
Commodities:Lithium
Date:8/7/2019
Report Code:JORC
Report Type:Scoping Study
Project Stage:Pursuing Resource Increase/Upgrade
Report details:7-8-2019: Piedmont Lithium Ltd. announces a Scoping Study report for its Piedmont deposit at the Piedmont project. Updated scoping study results incl. NPV (8%) of US$1.45B, IRR of 34%. Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to repor
Resources:(Resource, I+I): 27.9Mt @ 1.11% Li2O at project
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 (“Scoping Study”) for its vertically integrated Piedmont Lithium Project (“Project”) located within the Carolina Tin-Spodumene Belt (“TSB”) in North Carolina, USA. The Project includes a lithium hydroxide chemical plant (“Chemical Plant”) supplied with spodumene concentrate from an open pit mine and concentrator (“Mine” or “Mine/Concentrator”). The Project has compelling projected economics due to attractive capital and operating costs, long mine life, significant by-product credits, short transportation distances, minimal royalties and low corporate income taxes. This updated Scoping Study incorporates the expanded Mineral Resource update published in June 2019 which has extended the overall project life to 25 years. Piedmont is pleased to report the results of the updated Scoping Study for its vertically integrated lithium hydroxide chemical project located in North Carolina, USA. The Scoping Study includes a steady-state 22,700 tonnes per year (“t/y”) lithium hydroxide (“LiOH”) Chemical Plant supported by a Mine/Concentrator producing 160,000t/y of 6% Li2O spodumene concentrate (“Concentrate” or “SC6.0”). By-products quartz, feldspar, and mica will provide credits to the cost of lithium production.

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