Piedmont Lithium to Host Investor Webinar on May 29 to Provide Update on Recent Developments
May 28 2019 - 2:34PM
Business Wire
Piedmont Lithium Limited (ASX:PLL; NASDAQ:PLL) (“Piedmont” or
“Company”) announced today that it will participate in an
investor webinar and Q&A session on Wednesday, May 29, 2019, at
1:00 p.m. EDT hosted by RedChip Companies.
The webinar will feature a presentation by Keith Phillips,
President and CEO, who will discuss recent developments and
upcoming milestones at the Company’s world-class lithium project in
North Carolina. Please note that this webinar was pre-recorded
using a prior company presentation.
To view the webinar, please visit:
https://www.redchip.com/events/41/piedmont-lithium-webinar
About Piedmont Lithium
Piedmont Lithium Limited (ASX:PLL; Nasdaq:PLL) holds a 100%
interest in the Piedmont Lithium Project located within the
Carolina Tin-Spodumene Belt (“TSB”) and along trend to the Hallman
Beam and Kings Mountain mines, which historically provided most of
the western world’s lithium between the 1950s and the 1980s. The
TSB has been described as one of the largest lithium regions in the
world and is located approximately 25 miles west of Charlotte,
North Carolina.
In September 2018 the Company published a Scoping Study for an
integrated lithium hydroxide business based on a maiden Mineral
Resource estimate of 16.2 million tonnes (“Mt”) grading at 1.12%
Li2O which featured a 13-year project life, NPV8 of US$888 million,
a US$3,112 per tonne lithium hydroxide operating cost, and a US$193
per tonne spodumene concentrate operating cost.
Forward Looking Statements
This announcement may include forward-looking statements. These
forward-looking statements are based on Piedmont’s expectations and
beliefs concerning future events. Forward looking statements are
necessarily subject to risks, uncertainties and other factors, many
of which are outside the control of Piedmont, which could cause
actual results to differ materially from such statements. Piedmont
makes no undertaking to subsequently update or revise the
forward-looking statements made in this announcement, to reflect
the circumstances or events after the date of that
announcement.
Cautionary Note to United States Investors Concerning
Estimates of Measured, Indicated and Inferred Resources
The information contained in this announcement has been prepared
in accordance with the requirements of the securities laws in
effect in Australia, which differ from the requirements of U.S.
securities laws. The terms "mineral resource", "measured mineral
resource", "indicated mineral resource" and "inferred mineral
resource" are Australian terms defined in accordance with the 2012
Edition of the Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves (the “JORC Code”).
However, these terms are not defined in Industry Guide 7 ("SEC
Industry Guide 7") under the U.S. Securities Act of 1933, as
amended (the "U.S. Securities Act"), and are normally not permitted
to be used in reports and filings with the U.S. Securities and
Exchange Commission (“SEC”). Accordingly, information contained
herein that describes Piedmont’s mineral deposits may not be
comparable to similar information made public by U.S. companies
subject to reporting and disclosure requirements under the U.S.
federal securities laws and the rules and regulations thereunder.
U.S. investors are urged to consider closely the disclosure in
Piedmont’s Form 20-F, a copy of which may be obtained from Piedmont
or from the EDGAR system on the SEC’s website at
http://www.sec.gov/.
Competent Persons Statement
The information in this announcement that relates to Exploration
Results is based on, and fairly represents, information compiled or
reviewed by Mr. Lamont Leatherman, a Competent Person who is a
Registered Member of the ‘Society for Mining, Metallurgy and
Exploration’, a ‘Recognized Professional Organization’ (RPO). Mr.
Leatherman is a consultant to the Company. Mr. Leatherman has
sufficient experience that is relevant to the style of
mineralization and type of deposit under consideration and to the
activity being undertaken to qualify as a Competent Person as
defined in the 2012 Edition of the ‘Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves’. Mr.
Leatherman consents to the inclusion in the report of the matters
based on his information in the form and context in which it
appears.
The Project’s Mineral Resource of 16.2Mt @ 1.12% Li2O comprises
Indicated Mineral Resources of 8.5Mt @ 1.15% Li2O and Inferred
Mineral Resources of 7.7Mt @ 1.09% Li2O. The information in
this announcement that relates to Exploration Targets and Mineral
Resources is extracted from the Company’s ASX announcement dated
June 14, 2018 which is available to view on the Company’s website
at www.piedmontlithium.com. The information in this announcement
that relates to Metallurgical Testwork Results is extracted from
the Company’s ASX announcements dated September 4, 2018 and July
17, 2018 which are available to view on the Company’s website at
www.piedmontlithium.com. The information in this announcement that
relates to Process Design, Process Plant Capital Costs, and Process
Plant Operating Costs is extracted from the Company’s ASX
announcements dated September 13, 2018 and July 19, 2018 which are
available to view on the Company’s website at
www.piedmontlithium.com. The information in this announcement that
relates to Mining Engineering and Mine Schedule is extracted from
the Company’s ASX announcements dated September 13, 2018 and July
19, 2018 which are available to view on the Company’s website at
www.piedmontlithium.com.
Piedmont confirms that: a) it is not aware of any new
information or data that materially affects the information
included in the original ASX announcements; b) all material
assumptions and technical parameters underpinning Mineral
Resources, Exploration Targets, Production Targets, and related
forecast financial information derived from Production Targets
included in the original ASX announcements continue to apply and
have not materially changed; and c) the form and context in which
the relevant Competent Persons’ findings are presented in this
report have not been materially modified from the original ASX
announcements.
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version on businesswire.com: https://www.businesswire.com/news/home/20190528005700/en/
Keith D. PhillipsPresident & CEOT: +1 973 809
0505E: kphillips@piedmontlithium.com
Anastasios (Taso) ArimaExecutive DirectorT: +1 347 899
1522E: tarima@piedmontlithium.com
Bruce HaaseRedChip Companies407-644-4256, ext.
131bruce@redchip.com
Piedmont Lithium (ASX:PLL)
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