Piedmont Lithium Project Portfolio
DISCLAIMERS
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Mineral Resources
Standards for Assessing Mineral Reserves and Resources
As a U.S. public company listed in the United States and Australia, Piedmont is required to comply with the resource estimation standards of both S-K 1300 and the JORC Code. Certain of Piedmont's partners instead
comply with the JORC Code or Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101").
Each of these standards contain specific meanings for terms such as "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" "proven mineral reserves," "probable
mineral reserves" and for various types of technical studies. Although the principles for reporting mineral reserves and resources, including subcategories of measured, indicated and inferred resources, are broadly
similar under each set of standards, we caution you that estimates prepared solely under the JORC Code or NI 43-101 are not fully comparable to similarly titled measures disclosed under S-K 1300 or the other reporting
and disclosure requirements of the U.S. federal securities laws, rules and regulations.
Mineral Reserves and Resources of Piedmont
Mineral reserve and mineral resource information contained in this presentation for the Carolina Lithium Project was prepared by Piedmont in accordance with S-K 1300 and the JORC Code.
Mineral Reserves and Resources of Sayona Quebec
Mineral reserve and mineral resource information contained in this presentation for the Authier and North American Lithium Projects was prepared by Sayona in accordance with the JORC Code and NI 43-101. Such
information was not prepared in accordance with S-K 1300.
Mineral Reserves and Resources of Atlantic Lithium
Mineral reserve and mineral resource information contained in this presentation for the Ewoyaa Project was prepared by Atlantic Lithium in accordance with the JORC Code. Such information was not prepared in
accordance with S-K 1300.
In September 2022, Atlantic Lithium announced the successful completion of a technical study for Ewoyaa in accordance with the JORC Code, demonstrating the potential of Ewoyaa to produce low-cost spodumene
concentrate using a dense medium only processing technique. In the Atlantic Lithium technical study, 24.5% of the mined tons reported in the production target was based on the inclusion of inferred resources. There is
a low level of geological confidence associated with inferred mineral resources, and there is no certainty that further exploration work would result in a determination of measured or indicated mineral resources resulting
from the inferred resources, that the inferred resources would be converted to mineral reserves or that the production target itself would be realized. Although Atlantic Lithium has characterized this technical study as a
prefeasibility study, due to the inclusion of the inferred resources, we consider the production target and its associated economics as a scoping study.
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