Piedmont Lithium Project Portfolio

PEER BENCHMARKING PLL Offers Scale, Diversification and Downstream Integration, with Near-term Production at NAL PLL $791 CXO $1,133 Enterprise Value22 PLL CXO SYA $1,181 SYA Pro-Rata Spodumene Reserves (LCE kt)23 Annual Planned 6% Spodumene Concentrate Production 23 Annual Planned Lithium Chemical Production23 PLL NAL Ewoyaa Carolina PLL Tennessee Carolina CXO Finniss SYA NAL LAC $3,040 LAC LAC SGML $3,534 SGML LTR $3,721 LTHM $3,975 $2,000 $4,000 USD $mm LTR LTHM 0 500 1,000 1,500 2,000 2,500 Proven Probable CXO SYA LAC Cauchari TP - Phase 1 (Li2CO3) (Li2CO3) TP - Phase 2 (Li2CO3) SGML Phase 1 Phase 2 SGML LTR Kathleen Valley LTHM Nemaska 0 250,000 500,000 750,000 LTR LTHM Li2CO3 LI2CO3 to LiOH Nemaska 0 40,000 80,000 120,000 11 Ore Reserves Tonnes per Year Tonnes per Year 22. Enterprise Values consist of market capitalization, total debt, minority interests, preferred stock, and convertible preferred stock less cash and short-term investments. Data is sourced from Factset as of April 28, 2023 and shown in US$mm. 23. Figures are based on disclosed resource updates and average life of mine production estimates. Production estimates may include the use of inferred resources. Proportional rights and offtake agreements are reflected. Note that projects for which technical studies have not been completed are excluded. See Peer Project Notes for additional disclosures surrounding production estimates and supporting studies.

View entire presentation