Liontown Limited · ASX:LTR
Liontown — Liontown Resources — Investor Presentation (May 2010)
17 slides from Liontown's investor presentation, May 10, 2010
Slide 1: Mount Windsor Project: Targeting New Discoveries in a Gold-Rich Province
For personal use only Mount Windsor Project Targeting New Discoveries in a Gold-Rich Province May 2010
Slide 2: Corporate Snapshot
Overview C Corporate SSnapshot h For personal use only Board and Management ¾ Australian based mineral explorer • Tim Goyder – Exec. Chairman (ASX:LTR) • David Richards – Managing Director ¾ 210 million shares on issue • Doug Jones – Non‐Exec. Director • Vince Gauci – Non‐Exec. Director ¾ Experience
Slide 3: Mt Windsor Project Overview
Mt Windsor Project O Overview i For personal use only ¾ Strategic position in world class, N. Queensland goldfield ¾ Historic gold endowment >15Moz ¾ Multiple major gold and base metal mines ¾Targeting breccia related and epithermal gold deposits ¾A$7M JV with Ramelius Resources (ASX:RMS) to acceler
Slide 4: Dominant land position in +15Moz gold province
Mt Windsor Project O Overview i For personal use only Mt Windsor Project ‐ Dominant land position (~3,500km2) in +15Moz gold province 4
Slide 5: Ramelius Joint Venture: Exploration set to accelerate
Ramelius Joint Venture E l ti sett to Exploration t accelerate l t For personal use only KEY JOINT VENTURE TERMS ¾ Ramelius can earn 60% equity by spending $7M over 4 years ¾ Minimum first year commitment of $1.25M ¾ Conditional on the grant of certain tenements, additional expenditure of $1M before
Slide 6: Exploration Approach: New technologies to unlock gold potential
Exploration Approach N New ttechnologies h l i tto unlock l k gold ld potential t ti l For personal use only ¾ Regional geophysics – Carbo‐Permian magmatic systems ¾ Vertical zonation modelling to identify surface expression of blind or buried gold zones • Pathfinder f geochemistryy (not g ( just j
Slide 7: Exploration Model #1: Intrusion/Breccia related
Exploration Model #1 Intrusion/Breccia related For personal use only (Mt Leyshon, Mt Wright, Kidston) 7
Slide 8: Exploration Model #2: Epithermal systems
Exploration Model #2 Epithermal systems (Vera-Nancy) For personal use only Gold Window 8
Slide 9: G5 – Drill Ready Target
G5 – Drill Ready Target Coincident rock chip/IP anomaly For personal use only Mineralised vein float – 3.6g/t 3 6g/t Au Au, 701g/t Ag, 2.1% Pb, 0.4% As. Marginal to C‐P intrusion. Vein textures typical of upper part of breccia or epithermal system IP survey defined flat lying resistive and a
Slide 10: G14 Breccia Pipe: Mt Wright look-a-like
G14 Breccia Pipe Mt Wright look look-a-like a like For personal use only ¾ Rhyolite breccia (mag. low) intruding granite. Rhyolite >0.5g/t Ag in breccia soils ¾ Strong , 1.6 x 0.5 km silver anomaly straddling contact zone. ¾ Mt M Wright W i h analogy l but b 4x4 bigger. ¾ Mapping and IP planned to M
Slide 11: G20 Target - Mosquito Hill
G20 Target g - Mosquito q Hill A blind breccia system? For personal use only Elevated Sb on ring Circular magnetic feature Conceptual Model Topographic high IP planned to define drill target Anomalous pathfinder geochemistry CDI funding 11
Slide 12: G22 Target - Mt Redan
G22 Target - Mt Redan Massive i geochemical h i l anomaly l For personal use only ¾ 2 x 2km pathfinder soil anomaly. ¾ Rock chips up to 0.47% As, 507ppm Sb, 46ppm Hg. ¾ Northern, untested 2km long gold anomaly. ¾ Previous shallow drilling ineffective but some >10ppm Sb Au/Ag recorded. ¾ IP plus dril
Slide 13: G22 Target - Mt Redan
G22 Target - Mt Redan Massive i geochemical h i l anomaly l For personal use only >50ppb Hg >10ppb Au >50ppb Hg Mercury‐in‐soil geochemistry Gold‐in‐soil geochemistry 13
Slide 14: Welcome Breccia: Validating the exploration concept
Welcome Breccia Validating lid i theh exploration l i concept For personal use only ¾ Resolute R l discovery di (announced 15/04/2010). ¾ Adjacent to Liontown’s Mt Windsor Project ¾ Targeting high grade gold window beneath small open pit with vanishing gold at depth (2009 annual report). report) ¾ 1
Slide 15: Moving Forward: JV to accelerate exploration work
Moving Forward JV to accelerate l exploration l i work k For personal use only ► Minimum exploration expenditure of $1.25 million for next 12 months . ► G5 target drill ready – >1,000 metres RC (Q2 2010) ► IP surveys planned for G14, G20 and G22 (Q2/Q3 2010). ► Ongoing follow up of other targets tar
Slide 16: Mt Windsor and Beyond: Key Points
Mt Windsor and Beyond Key Points For personal use only Mt Windsor ¾ Multiple targets in a well endowed, proven gold province ¾ Recent exploration success validates strategy ¾ Exploration work to be accelerated by JV expenditure Future ¾ Seeking new opportunities ¾ Well funded f 16
Slide 17: Thank You
For personal use only Thank Y Th k You
Liontown Resources — Investor Presentation (May 2010) on 6ix