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.View entire presentation