Piedmont Lithium Project Portfolio slide image

Piedmont Lithium Project Portfolio

16 ACCOMPLISHMENTS / MILESTONES Piedmont Lithium Development Plans are On Track RECENT ACCOMPLISHMENTS ✓ Quebec Ghana Updated Ore Reserves at NAL of 21.7Mt @ 1.08% Li₂032 Positive PFS for restart of NAL mine/concentrator Strong enhancement to construction and operations teams Ore Reserves estimated at 18.9Mt @ 1.24% Li₂033 Ewoyaa PFS published indicating $1.3bb NPV and 224% IRR33 Mining license application submitted October 2022 Tennessee Lithium Selection of Etowah, TN as site for 30,000tpy LiOH plant Kiewit / Primero to perform Front-End Engineering Design $142mm DOE grant award announced October 2022 Carolina Lithium Permitting processes ongoing Community outreach ongoing Completion of funding of committed land purchases Corporate Strong additions to technical and corporate teams ☑ Piedmont added to Russell 2000 Small Cap Index $122mm (net) equity offering to fund project development 2023 MILESTONES AND ACCOMPLISHMENTS ☐ Quebec ☐ Ghana On-sale of PLL's 113,000tpy spodumene concentrate offtake First spodumene concentrate production expected in H1 2023 First shipments and revenue expected H2 2023 Resource update Definitive Feasibility Study Mining License Tennessee Definitive Feasibility Study Lithium hydroxide offtake Project finance ☐ Carolina Mine permit Air permit Land rezoning Corporate Continue to expand engineering team Strategic partnerships and project financing Evaluate consolidation opportunities 32. Refer to Sayona Mining ASX announcement "DFS Confirms NAL Value with A$2.2B NPV" dated April 14, 2023, a copy of which can be found on Sayona Mining's website. 33. Production target and economics include the use of inferred mineral resources which have a low level of geological confidence and as such we consider them to be at a scoping study level. Refer to cautionary note on page 3 of this presentation. See Atlantic Lithium announcement "Pre-Feasibility Study Delivers Robust Project Economics" dated September 22, 2022, a copy of which can be found on Atlantic Lithium's website.
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