Exhibit 99.2
 
Appendix 3B
New issue announcement

 
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
 
Appendix 3B

New issue announcement,
application for quotation of additional securities
and agreement

Information or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX’s property and may be made public.
Introduced 01/07/96  Origin: Appendix 5  Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity
Piedmont Lithium Limited

ABN
50 002 664 495
 

We (the entity) give ASX the following information.

Part 1 ‑ All issues
You must complete the relevant sections (attach sheets if there is not enough space).

1
+Class of +securities issued or to be issued
   
(a)   Ordinary shares
(b)   Performance rights
 
           
2
Number of +securities issued or to be issued (if known) or maximum number which may be issued
   
(a)   5,000,000
(b)   300,000
 
 
           
3
Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)
   
(a)    Fully paid ordinary shares
(b)   Performance share rights which are subject to various performance conditions to be satisfied prior to the relevant expiry dates between 31 December 2018 and 31 December 2019
 
 
+ See chapter 19 for defined terms.
 
 
 
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Appendix 3B
New issue announcement
4
Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?
 
If the additional +securities do not rank equally, please state:
·    the date from which they do
·    the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
·   the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
   
(a)   Yes
(b)   No – not listed
 
           
5
Issue price or consideration
 
   
(a)   A$0.05 per share
(b)   Nil
 
           
6
Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)
   
(a)    Exercise of unlisted options
(b)   Issue of performance rights to new employee of the Company
 
           
6a
Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?
 
If Yes, complete sections 6b – 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i
   
Yes
 
           
6b
The date the security holder resolution under rule 7.1A was passed
   
16 November 2017
 
           
6c
Number of +securities issued without security holder approval under rule 7.1
   
Nil
 
           
6d
Number of +securities issued with security holder approval under rule 7.1A
   
Nil
 
           
6e
Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
   
Nil
 
 
+ See chapter 19 for defined terms.
 
 
 
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Appendix 3B
New issue announcement
6f
Number of +securities issued under an exception in rule 7.2
   
5,300,000
 
           
6g
If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3?  Include the +issue date and both values.  Include the source of the VWAP calculation.
   
Not applicable
 
           
6h
If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements
   
Not applicable
 
           
6i
Calculate the entity’s remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements
   
Rule 7.1 – 76,854,552
Rule 7.1A – 55,903,035
 
           
7
+Issue dates
 
Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12).  For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.
 
Cross reference: item 33 of Appendix 3B.
   
30 May 2018
 
 
           
       
Number
 
+Class
 
8
Number and +class of all +securities quoted on ASX (including the +securities in section 2 if applicable)
   
559,030,352
 
Ordinary Shares
 
 
+ See chapter 19 for defined terms.
 
 
 
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Appendix 3B
New issue announcement
   
Number
 
+Class
 
9
Number and +class of all +securities not quoted on ASX (including the +securities in section 2 if applicable)
    14,000,000   Incentive options exercisable at $0.05 each, expiring on 31 December 2019  
        1,000,000   Incentive options exercisable at $0.08 each, expiring on 31 December 2019  
        16,500,000   Incentive options exercisable at $0.10 each, expiring on 31 December 2019  
        16,500,000   Incentive options exercisable at $0.15 each, expiring on 31 December 2019  
        6,000,000   Incentive options exercisable at $0.10 each on or before 10 July 2020  
        6,000,000   Incentive options exercisable at $0.12 each on or before 10 January 2021  
        6,000,000   Incentive options exercisable at $0.16 each on or before 10 July 2021  
        6,000,000   Incentive options exercisable at $0.24 each on or before 10 July 2022  
        1,300,000   Incentive options exercisable at $0.15 each on or before 30 June 2020  
        1,300,000   Incentive options exercisable at $0.20 each on or before 30 June 2020  
        2,850,000   Incentive options exercisable at $0.25 each on or before 30 June 2020  
        1,550,000   Incentive options exercisable at $0.35 each on or before 31 December 2021  
       
1,400,000
 
Performance share rights which are subject to various performance conditions to be satisfied prior to the relevant expiry dates between 31 December 2018 and 31 December 2019
 
 
10
Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
   
Not applicable
 

Part 2 ‑ Pro rata issue

11
Is security holder approval required?
   
Not applicable
 
           
12
Is the issue renounceable or non-renounceable?
   
Not applicable
 
 
+ See chapter 19 for defined terms.
 
 
 
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Appendix 3B
New issue announcement
13
Ratio in which the +securities will be offered
   
Not applicable
 
           
14
+Class of +securities to which the offer relates
   
Not applicable
 
           
15
+Record date to determine entitlements
   
Not applicable
 
           
16
Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
   
Not applicable
 
           
17
Policy for deciding entitlements in relation to fractions
   
Not applicable
 
           
18
Names of countries in which the entity has security holders who will not be sent new offer documents
 
Note: Security holders must be told how their entitlements are to be dealt with.
 
Cross reference: rule 7.7.
   
Not applicable
 
           
19
Closing date for receipt of acceptances or renunciations
   
Not applicable
 
           
20
Names of any underwriters
   
Not applicable
 
           
21
Amount of any underwriting fee or commission
   
Not applicable
 
           
22
Names of any brokers to the issue
   
Not applicable
 
           
23
Fee or commission payable to the broker to the issue
   
Not applicable
 
           
24
Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders
   
Not applicable
 
           
25
If the issue is contingent on security holders’ approval, the date of the meeting
   
Not applicable
 
           
26
Date entitlement and acceptance form and offer documents will be sent to persons entitled
   
Not applicable
 
 
+ See chapter 19 for defined terms.
 
 
 
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Appendix 3B
New issue announcement
27
If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
   
Not applicable
 
           
28
Date rights trading will begin (if applicable)
   
Not applicable
 
           
29
Date rights trading will end (if applicable)
   
Not applicable
 
           
30
How do security holders sell their entitlements in full through a broker?
   
Not applicable
 
           
31
How do security holders sell part of their entitlements through a broker and accept for the balance?
   
Not applicable
 
           
32
How do security holders dispose of their entitlements (except by sale through a broker)?
   
Not applicable
 
           
33
+Issue date
   
Not applicable
 

Part 3 ‑ Quotation of securities
You need only complete this section if you are applying for quotation of securities

34
Type of +securities
(tick one)
   
(a)
+Securities described in Part 1
     

(b)
All other +securities
 
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents
   

35
If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
 
+ See chapter 19 for defined terms.
 
 
 
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Appendix 3B
New issue announcement
36
 
If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories
 
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
     
37
A copy of any trust deed for the additional +securities

Entities that have ticked box 34(b)

38
Number of +securities for which +quotation is sought
   
Not applicable
 
           
39
+Class of +securities for which quotation is sought
   
Not applicable
 
           
40
Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?
 
If the additional +securities do not rank equally, please state:
·    the date from which they do
·    the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
·    the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
   
Not applicable
 
           
41
Reason for request for quotation now
Example: In the case of restricted securities, end of restriction period
 
(if issued upon conversion of another +security, clearly identify that other +security)
   
Not applicable
 
           
       
Number
 
+Class
 
42
Number and +class of all +securities quoted on ASX (including the +securities in clause 38)
   
Not applicable
     
 
+ See chapter 19 for defined terms.
 
 
 
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Appendix 3B
New issue announcement
Quotation agreement

1
+Quotation of our additional +securities is in ASX’s absolute discretion.  ASX may quote the +securities on any conditions it decides.

2
We warrant the following to ASX.

·
The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

·
There is no reason why those +securities should not be granted +quotation.

·
An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

·
Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

·
If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

3
We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

4
We give ASX the information and documents required by this form.  If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins.  We acknowledge that ASX is relying on the information and documents.  We warrant that they are (will be) true and complete.
 
Sign here:
 
 
Date: 30 May 2018
 
(Director/Company secretary)
   
       
Print name:
Gregory Swan
   

== == == == ==
 
+ See chapter 19 for defined terms.
 
 
 
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Appendix 3B  Page 8

Appendix 3B
New issue announcement
Appendix 3B – Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities
 
Introduced 01/08/12  Amended 04/03/13

Part 1

 
Rule 7.1 – Issues exceeding 15% of capital
 
Step 1: Calculate “A”, the base figure from which the placement capacity is calculated
 
Insert number of fully paid +ordinary securities on issue 12 months before the +issue date or date of agreement to issue
 
454,030,352
 
Add the following:
 
      Number of fully paid +ordinary securities issued in that 12 month period under an exception in rule 7.2
 
      Number of fully paid +ordinary securities issued in that 12 month period with shareholder approval
 
      Number of partly paid +ordinary securities that became fully paid in that 12 month period
 
Note:
 
      Include only ordinary securities here – other classes of equity securities cannot be added
      Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed
      It may be useful to set out issues of securities on different dates as separate line items
 
100,000,000 (3 November 2017)
5,000,000 (30 May 2018)
 
 
Subtract the number of fully paid +ordinary securities cancelled during that 12 month period
 
0
 
“A”
 
559,030,352
 
+ See chapter 19 for defined terms.
 
 
 
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Appendix 3B
New issue announcement
 
Step 2: Calculate 15% of “A”
 
“B”
 
0.15
 
[Note: this value cannot be changed]
 
Multiply “A” by 0.15
 
83,854,552
 
Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used
 
Insert number of +equity securities issued or agreed to be issued in that 12 month period not counting those issued:
 
       Under an exception in rule 7.2
 
       Under rule 7.1A
 
       With security holder approval under rule 7.1 or rule 7.4
 
Note:
      This applies to equity securities, unless specifically excluded – not just ordinary securities
      Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed
      It may be useful to set out issues of securities on different dates as separate line items
 
3,450,000 (6 July 2017)
 
450,000 (13 October 2017)
 
3,100,000 (19 March 2018)
 
 
 
“C”
 
7,000,000
 
Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1
 
“A” x 0.15
Note: number must be same as shown in Step 2
 
83,854,552
 
Subtract “C”
Note: number must be same as shown in Step 3
 
7,000,000
 
Total [“A” x 0.15] – “C”
 
76,854,552
 
[Note: this is the remaining placement capacity under rule 7.1]
 
+ See chapter 19 for defined terms.
 
 
 
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Appendix 3B  Page 10

Appendix 3B
New issue announcement
Part 2

 
Rule 7.1A – Additional placement capacity for eligible entities
 
Step 1: Calculate “A”, the base figure from which the placement capacity is calculated
 
“A”
 
Note: number must be same as shown in Step 1 of Part 1
 
559,030,352
 
Step 2: Calculate 10% of “A”
 
“D”
 
0.10
 
Note: this value cannot be changed
 
Multiply “A” by 0.10
 
55,903,035
 
Step 3: Calculate “E”, the amount of placement capacity under rule 7.1A that has already been used
 
Insert number of +equity securities issued or agreed to be issued in that 12 month period under rule 7.1A
 
Notes:
      This applies to equity securities – not just ordinary securities
      Include here – if applicable – the securities the subject of the Appendix 3B to which this form is annexed
      Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained
      It may be useful to set out issues of securities on different dates as separate line items
 
0
 
“E”
 
0
 
+ See chapter 19 for defined terms.
 
 
 
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Appendix 3B
New issue announcement
 
Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A
 
“A” x 0.10
 
Note: number must be same as shown in Step 2
 
55,903,035
 
Subtract “E”
 
Note: number must be same as shown in Step 3
 
0
 
Total [“A” x 0.10] – “E”
 
55,903,035
 
Note: this is the remaining placement capacity under rule 7.1A
 
+ See chapter 19 for defined terms.
 
 
 
04/03/2013
Appendix 3B  Page 12

 
30 May 2018

Notice under Section 708A
 
Piedmont Lithium Limited (the "Company") has today issued 5,000,000 fully paid ordinary shares. The issued securities are part of a class of securities quoted on the Australian Securities Exchange ("ASX").
 
The Company hereby notifies ASX under paragraph 708A(5)(e) of the Corporations Act 2001 (Cwth) (the "Act") that:
 
1.
the Company issued the securities without disclosure to investors under Part 6D.2 of the Act;
 
2.
as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and
 
3.
as at the date of this notice, there is no information that is “excluded information” within the meaning of sections 708A(7) and 708A(8) of the Act.