Piedmont Lithium Project Portfolio

14 ILLUSTRATIVE POTENTIAL CASH FLOW FROM NAL OFFTAKE Piedmont's Offtake Agreement is for the Greater of 113ktpy or 50% of Production for Life of Mine Annual Offtake EBITDA ($mm) $600 $500 $400 $300 $200 $100 $500 (Floor) $900 (Ceiling) $1,900 $2,900 $3,900 $4,900 $5,900 6% Spodumene Concentrate Price per Tonne 5.0% 5.5% 6.0% Illustrative EBITDA calculated at various spodumene concentrate prices and grades, assuming Piedmont pays a market price subject to a floor and ceiling price of $900/t and $500/t SC6, respectively. Piedmont sales are conducted at the listed price per tonne. Purchase and sale prices are adjusted for concentrate grade. Additional costs (e.g., freight) are not considered. Nasdaq : PLL ASX: PLL PIEDMONT LITHIUM

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