Piedmont Lithium Project Portfolio
DISCLAIMERS
2
Forward Looking Statements
This presentation contains forward-looking statements within the meaning of, or as described in, securities laws in the United States and Australia, including statements regarding exploration, development and
construction activities of Piedmont Lithium, Sayona Mining and Atlantic Lithium; current plans for mineral and chemical processing projects of Piedmont and its partners); projections of market demand and prices;
statements about the timing and amount of reserve and resource declarations and chemical processing operations; strategy; value; returns; capital allocation and investment; expectations regarding permitting; costs
and expenses; and statements about the timing and ability to complete scoping and feasibility studies.
Such forward-looking statements involve substantial and known and unknown risks, uncertainties and other risk factors, many of which are beyond our control, and which may cause actual timing of events, results,
performance or achievements and other factors to be materially different from the future timing of events, results, performance or achievements expressed or implied by the forward-looking statements. Such risk
factors include, among others: (i) that Piedmont will be unable to commercially extract mineral deposits to Tesla, LG Chem or otherwise, (ii) that the properties of Piedmont or its partners may not contain expected
reserves or resources, (iii) risks and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining projects, environmental hazards, industrial accidents,
weather or geologically related conditions), (iv) uncertainty about Piedmont's, Sayona Mining's or Atlantic Lithium's ability to obtain required capital to execute their business plans, (v) Piedmont's, Sayona Mining's or
Atlantic Lithium's ability to hire and retain required personnel, (vi) changes in the market prices of lithium and lithium products, (vii) changes in technology or the development of substitute products, (viii) uncertainties
inherent in exploration, development and production activities, including risks relating to permitting, zoning and regulatory approvals for the projects of Piedmont or its partners, (ix) uncertainties inherent in the
estimation of lithium resources, (x) risks related to competition, (xi) risks related to information, data and projections disclosed by third parties, including Piedmont's partners, (xii) occurrences and outcomes of claims,
litigation and regulatory actions, investigations and proceedings, (xiii) risks regarding our ability to achieve profitability, enter into and deliver product under supply agreements on favorable terms, obtain sufficient
financing, comply with governmental regulations and obtain necessary permits, and (xiv) other uncertainties and risk factors set out in filings and disclosures made by Piedmont and its partners from time to time,
including filings with the U.S. Securities and Exchange Commission ("SEC") and the Australian Securities Exchange ("ASX"). The forward-looking statements, projections and estimates in this presentation are given only as
of the date of this presentation and actual events, results, performance and achievements could vary significantly from the forward-looking statements, projections and estimates presented in this presentation. Readers
are cautioned not to put undue reliance on forward-looking statements. Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections and estimates, whether as a result of
new information, future events or otherwise. Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect
of Piedmont, its partners or their respective financial or operating results or securities.
Qualified Persons Statement
We have reported mineral reserves, which were prepared in accordance with Regulation S-K Item 1300 (as promulgated by the SEC, "S-K 1300")) and the 2012 Edition of the Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves (the "JORC Code") (as required by the ASX), in connection with our exploration and evaluation activities. As of December 31, 2022, we reported 18.3 million metric tons of
probable mineral reserves at a grade of 1.10% Li₂O. We issued our first mineral resource estimate pursuant to S-K 1300 and the JORC Code on October 21, 2021 and have not finalized any subsequent estimates. The
proven and probable reserve figures presented herein are estimates based on information available at the time of calculation.
The mineral resource figures presented herein are estimates based on information available at the time of calculation and do not include that portion of our mineral resources that been converted to proven and probable
reserves as shown above, as they are reported exclusive of mineral reserves. We have reported mineral resources, prepared in accordance with S-K 1300, as part of our exploration and evaluation activities. As of
December 31, 2022, we have reported 25.89 million metric tons of mineral resources, exclusive of mineral reserves, at a grade of 1.06% Li₂O.
An initial Technical Report Summary with respect to our estimated mineral reserves was filed as an exhibit to our Transition Report for the six-month period ending December 31, 2021. An Amended Technical Report
Summary, dated April 20, 2023 (the "Amended TRS"), was filed as Exhibit 96.3 to our most recent Form 10-K/A to include certain information as required by S-K 1300. Key assumptions and parameters relating to our
estimates of mineral reserves and resources are discussed in Sections 1.9 and 1.10 of the Amended TRS. We intend to publish reserves annually and recalculate reserves if any new significant changes are expected,
taking into account metal prices, changes to estimates of future production and costs, divestments and depletion, as well as any acquisitions and additions.
As required by ASX Listing Rules, Piedmont confirms that: a) it is not aware of any new information or data that materially affects the information included in our most recent form 10-K/A; b) all material assumptions and
technical parameters underpinning mineral reserves, mineral resources, production targets, and related forecast financial information derived from production targets included in our form 10-K/A continue to apply and
have not materially changed; and c) the form and context in which the relevant Qualified Persons' findings are presented in this report have not been materially modified from the Amended TRS.
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