Slide 1: Going for Gold: North Queensland Update
For personal use only GOING FOR GOLD North Queensland Update New Targets in a Proven Gold Province 3D IP August 2010
Slide 2: Disclaimer
Disclaimer For personal use only Disclaimer The material used in this presentation is intended to be a summary of operational and geological activities that are current and proposed, based on the information available to Liontown Resources Limited as at 18 August 2010. This presentation may contain
Slide 3: Corporate Snapshot
Overview C Corporate SSnapshot h For personal use only Shares ~210 million Market Capitalisation ~$11 million Cash ~$3 million E ploration Portfolio Exploration >5 000 km2 >5,000 Major j Shareholder Tim Goyder y ((28%)) Top 50 >80% 3
Slide 4: Well Credentialed Board and Management
Overview Well ll Credentialed C d i l d Board d and d Management For personal use only David Richards Tim Goyder Richard Hacker Managing Director Executive Chairman CFO/Company Secretary Craig Williams Vince Gauci Tony Kiernan Doug Jones Non‐Executive Director Non‐Executive Director Non‐Executive Di
Slide 5: Critical Discovery Criteria
Critical Discovery Criteria The h kkeys to success For personal use only 1. New Targets Proven Gold/Silver Regions Looking below previous 2. New Technologies explorers 3. Large Land Position Improving the odds 4 Funding 4. Maintaining momentum 5
Slide 6: North Queensland
North Queensland World ld class l gold ld province i For personal use only Strategic land position (>5,000km2) in a world class gold province 6
Slide 7: Exploration Models
Exploration Models Breccia i pipes i and d bonanza b epithermal i h l veins i For personal use only Breccia Pipe Epithermal Veins e.g. Mt Wright, Mt Leyshon e.g. Pajingo, Cracow Au zone Au zone 200m 200m Vertically zoned models ‐ surface expressions identified by: 1. Pathfinder geochemistry High ars
Slide 8: Key Points
Mt Windsor Joint Venture Key Points i For personal use only Location North Queensland Tenement Area >3,500km2 1 1.5 Moz Moz G ld EEndowment Gold d t >20 Moz M Targets >40 3.5Moz 4Moz Budget $1.25M (2010 – 2011) Ramelius may earn 60% by Ownership spending $7,000,000 Major Gold Deposits in Mt Windsor
Slide 9: Regional Setting and Targets
Mt Windsor Joint Venture Regional i l Setting S i and d targets For personal use only Dominant land position (>3,500km2) in +20Moz gold province 9
Slide 10: Mosquito Hill (G20)
Mt Windsor Joint Venture Mosquito i Hill ill (G20) G20 For personal use only Arsenic in Antimony in rocks the soils ? Magnetic Ring ? ? 300m 10
Slide 11: Mosquito Hill (G20) – 3D IP Image
Mt Windsor Joint Venture Mosquito i Hill ill (G20) G20 – 3D 3 IP Image For personal use only Mosquito Hill Resistive Body S N Chargeable Body‐ Sulphides?/Drill target Pipe? 750m Black Shale? 11
Slide 12: Mt Redan (G22)
Mt Windsor Joint Venture Mt Redan d (G22) G22 For personal use only Strong arsenic/ 1987 drill hole – 0.4g/t Au, antimony/mercury at 9g/t Ag at ~50m depth surface (2x2km) ? 250m 12
Slide 13: Mt Redan (G22) – 3D IP Image
Mt Windsor Joint Venture Mt Redan d (G22) G22 – 3D 3 IP Image For personal use only SW NE Mt Redan 1987 drill hole Resistive R i i Body/ B d / Drill target Chargeable Body‐ Sulphides?/Drill target Pipe? ~750m 13
Slide 14: G14 – Mt Wright Look-a-Like
Mt Windsor Joint Venture G – Mt Wright G14 i h Look-a-Like k ik For personal use only ¾ Rhyolite breccia (mag. low) Rhyolite intruding granite. breccia >0.5g/t Ag in soils ¾ Strong , 1.6 x 0.5 km silver anomaly straddling contact zone. ¾ Mt Wright analogy but 4x gg bigger. Mt Wright Footprint 14
Slide 15: Panhandle Project Key Points
Panhandle Project Key Points i For personal use only Location North Queensland Tenement Area >1,150km2 1 1.5 Moz Moz Gold Endowment >20 Moz Silver Endowment >40 Moz (Mt Carlton) • 2 x untested rock chip 3.5Moz 4Moz Targets • Multiple Ag‐in‐stream Budget >$500,000 (2010 – 2011) Major Gold Deposits in
Slide 16: Panhandle Project Regional Setting and Targets
Panhandle Project Regional i l setting i and d targets For personal use only Strategic land position (>1,100km2) with known gold and silver targets 16
Slide 17: The Plan – Now and Beyond
The Plan – Now and Beyond Immediate Action For personal use only ► JV to accelerate exploration at Mt Windsor • Minimum expenditure of $1.25million in 2010‐2011 • Drilling to test targets defined by IP surveying • Multiple targets awaiting follow up ► Ongoing target definition on wholly owned Panhan
Slide 18: Thank You
For personal use only Thank Y Th k You