Piedmont’s Phase 2 Drill Program Yields High Grade Lithium Mineralization

Piedmont Lithium Limited is pleased to report further high grade mineralisation from the 93-hole Phase 2 drilling campaign on the Piedmont Lithium Project located within the world-class Carolina Tin-Spodumene Belt ("TSB"). The Phase 2 program totalled 12,262 meters of diamond core drilling.

Keith D. Phillips, President and Chief Executive Officer, said, "These additional Phase 2 results continue to showcase the high-grade mineralization throughout our growing land package. We are increasingly confident in our ability to define a large lithium deposit in this historic belt, and we look forward to releasing the remaining results of our Phase 2 drilling campaign over the coming weeks."

• Assay results from a further 25 holes of the Phase 2 drill program have been received and continue to confirm high grade lithium mineralization along the 4 kilometers of strike within the property including:
  • 25.22m of cumulative thickness of mineralization across 6 pegmatites which includes high grade intercepts of 5.40m @ 1.46% Li₂O, 2.65m @ 1.24% Li₂O and 2.00m @ 1.43% Li₂O in Hole 17-BD-73
  • 21.92m of cumulative thickness of mineralization across 5 pegmatites which includes high grade intercepts of 8.86m @ 1.72% Li₂O, and 8.04m @ 1.02% Li₂O in Hole 17-BD-80
  • 18.66m of cumulative thickness of mineralization across 6 pegmatites which includes high grade intercepts of 6.27m @ 1.39% Li₂O, 4.21m @ 1.83% Li₂O, 2.26m @1.52% Li₂O and 1.68m @ 1.83% Li₂O in Hole 17-BD-64
  • 18.64m of cumulative thickness of mineralization across 6 pegmatites which includes high grade intercepts of 6.66m @ 1.59% Li₂O and 2.68m @ 1.58% Li₂O in Hole 17-BD-75
  • 14.08m of cumulative thickness of mineralization across 5 pegmatites which includes a high grade intercepts of 5.03m @ 1.98% Li₂O and 2.04m @ 1.52% Li₂O n Hole 17-BD-70
  • 12.97m of cumulative thickness of mineralization across 2 pegmatites which includes a high grade intercept of 10.36m @ 1.53% Li₂O in Hole 17-BD-72
• Piedmont has now completed the 93-hole Phase 2 diamond drilling program, which totaled 12,262 meters
• The Company anticipates receiving assay results for the remaining 42 holes of the extended Phase 2 program over the coming weeks