Piedmont Continues To Define High Grade Lithium Mineralization In North Carolina

NEW YORK, NY - Piedmont Lithium Limited reported that it continues to define high grade lithium mineralization from its properties in the Carolina Tin-Spodumene Belt (TSB) in North Carolina.  The Company has received the assay results from the final 17 holes from the Phase 2 campaign and the first 21 holes from the current Phase 3 drilling campaign.

The results build upon the previous drilling completed on the property and continue to show similar high-grade mineralization and pegmatite intercepts. The Company has six drill rigs on site and has completed 52 holes totaling just over 9,000 meters of its planned 20,000 Phase 3 program. The Company is on schedule to release its maiden JORC compliant resource estimate by the end of the 2nd Quarter 2018.

Keith D. Phillips, President and Chief Executive Officer, said, "These infill drill results are consistent with our expectations, and with six rigs on property we look forward to a steady stream of drilling news over several weeks, leading ultimately to a maiden Resource estimate in June and a Scoping Study shortly thereafter."

The release of the final 17 holes of the Phase 2 campaign which were completed last year continue to show similar high-grade intercepts, as was expected by the Company's geologists and consultants. These results continue to define mineralization along the four kilometers of strike length within the property, where over 30 spodumene pegmatites have been identified.

The current Phase 3 drilling campaign is focused on infill drilling along the trends defined by the Phase 2 program. These 21 holes (holes 123 to 143) are part of the initial infill drilling required for the compilation of the maiden JORC code compliant resource estimate. These results are consistent with Phase 2 results and are currently being added to the geological model.

Approximately 13,000m of the 20,000m Phase 3 drilling program will be focused on infill drilling whereas the remaining meterage will test high priority exploration targets on the property, test the along strike and down dip extensions within the current drilling area, and test the potential of the newly acquired properties. The Company is highly encouraged by initial surface mapping and rock chip sampling within these properties and is looking forward to drill testing the targets defined.

The results from last year's and the current drilling campaign continue to give the Company confidence in being able to define a shallow, surface mineable resource which is strategically located within the historical lithium mining and processing region of the USA. The Company is confident in the ability to release its maiden Mineral Resource estimate in accordance with JORC by the end of the 2nd Quarter 2018 and follow with an integrated Scoping Study in the 3rd Quarter 2018.