Liontown Limited · ASX:LTR
Liontown — Liontown Resources — Investor Presentation (June 2020)
28 slides from Liontown's investor presentation, Jun 11, 2020
Slide 1: Advancing a world class lithium deposit and an emerging nickel-PGE-gold project
For personal use only Advancing a world class lithium deposit and an emerging nickel-PGE-gold ASX : LTR |JUNE 2020 project
Slide 2: Important Information
Important Information For personal use only Forward Looking Statements This Presentation may include statements that could be deemed “forward-looking statements”. The information in this report that relates to 2020 metallurgical test work for the Kathleen Valley Although the Company believes the exp
Slide 3: Liontown Overview
Liontown Overview Kathleen • World class resource Valley • 156Mt @ 1.4% Li2O & 130ppm Ta2O5 Kathleen Valley Lithium Project For personal use only • 80% Measured and Indicated • Potential long life (>25 years) mine • Significant opportunities to build on previous positive PFS: Moora Ni-Cu- o Access h
Slide 4: Kathleen Valley Lithium-Tantalum Project
Kathleen Valley Lithium- For personal use only Tantalum Project WESTERN AUSTRALIA 100%
Slide 5: Hard Rock Lithium Operations and Advanced Projects
Hard Rock Lithium Operations and Advanced Projects A globally significant lithium resource For personal use only 3.00 Li2O Grade % Greenbushes Tianqi/Albemarle Kathleen Valley May 2020 2.50 SEP JUL 2018 2019 Mt Holland 2.00 (WES / SQM) Grota de Pilgangoora Cirilo (Sigma) Mt Marion (Min (Pilbara Mine
Slide 6: May 2020 MRE – 108% growth in tonnes and 119% growth in contained lithium
May 2020 MRE –108% growth in tonnes and 119% growth in contained lithium 80% Measured and Indicated W N 1,700m SE Cut-off Resource Million Ta2O5 Li2O% Li2O% Category Tonnes (ppm) For personal use only Measured 20 1.3 140 600m 0.55 Indicated 105 1.4 130 600m Inferred 32 1.3 110 Total 156 1.4 130 W 12
Slide 7: 2019 MRE v 2020 MRE – Grade / Tonnage Comparison
2019 MRE v 2020 MRE – Grade / Tonnage Comparison An increase in grade and tonnes For personal use only Mt Li2O Grade % 180 1.80 160 1.70 1.70 140 120 1.60 1.56 1.61 100 1.50 1.45 80 1.48 1.39 60 1.40 1.35 1.35 1.34 40 1.38 1.30 1.31 20 1.27 1.28 1.28 0 1.20 10.4 2 0.55 3 0.6 4 0.8 5 1.0 6 1.2 1.4 1.
Slide 8: December 2019 PFS Key Metrics
December 2019 PFS Key Metrics | Open-pit mining and lithium only Based on Jul 2019 MRE – 74.9Mt @ 1.3% Li2O A$ For personal use only SC6.1: Mining: Reserve: Life of Mine Total Free Cash 295Ktpa 2Mtpa 50Mt @ 1.2% Li2O 26 years Flow +$1.9B NPV1 $507M IRR 25.1% Payback Period ~4 YEARS Opex2 $564/t conc
Slide 9: Updated PFS – Input Criteria
Updated PFS – Input Criteria 1 Underground & Optimised New, larger MRE will underpin future Open Pit Mining feasibility studies • Access higher grades sooner For personal use only • Reduce opex by: o Lowering mine dilution o Increasing concentrate production o Reduce initial private royalties • Shor
Slide 10: Updated PFS – Proposed Processing Flowsheet
Updated PFS – Proposed Processing Flowsheet 2020 Test Work Outcomes • Higher grades have higher recovery. For personal use only • WOF produces higher grade concentrate compared with conventional DMS/Flotation process. • Tantalum recovery of 56% at a grade of 15.3% Ta2O5 achieved. Proposed Whole Ore
Slide 11: The longer-term fundamentals remain strong
The longer-term fundamentals remain The rise of lithium batteries continues strong January 2020: China extends subsidies on EV’s For personal use only EU rules begin – heavily penalising carmakers on CO2 emissions May 2020: France to provide €12,000 subsidies to swap to EVs – wants to be #1 EV manuf
Slide 12: Location
Location Well serviced and highly active mining region For personal use only Mt Keith Major Ni & Au Goldfields Mines Highway Kathleen Valley Bellevue Sealed Town of Airstrips Leinster Leinster Agnew Leinster Town Power Natural Gas JUNE 2020| 12
Slide 13: Major Milestones
Major Milestones Consistent delivery of results with targets met or exceeded For personal use only INTERIM MRE MRE MAIDEN MRE UPGRADED MRE UPGRADE UPGRADE 21.2Mt @ 1.4% Li2O 74.9Mt @ 1.3% Li2O 139Mt @ 1.3% Li2O 156Mt @ 1.4% Li2O and 170ppm Ta2O5 and 140ppm Ta2O5 and 140ppm Ta2O5 and 130ppm Ta2O5 SEP
Slide 14: Moora Ni-Cu-PGE-Au Project
Moora Ni-Cu-PGE-Au For personal use only Project WESTERN AUSTRALIA 100%
Slide 15: Project Overview
Project Overview Moora is located in an emerging precious and base metal mineral province For personal use only Located in the same geological terrain as 1 the Julimar discovery – a significant, new Ni-PGE discovery by Chalice Gold Mines1. Liontown acquired the tenements in 2018 2 and 2019 as part o
Slide 16: Project Background
Project Background Gravity image • Regional geophysics indicate that Moora is underlain by mafic/ultramafic intrusions similar to that which hosts the Julimar For personal use only discovery • There has been no drill testing of the fresh bedrock at Moora. • Initial field program has defined 3 priori
Slide 17: Bindi Bindi Nickel Trend
Bindi Bindi Nickel Trend Poseidon MC (1968) Up to 21m @ 0.6% Ni • 400 x 400m auger geochemistry For personal use only returns up to 1,690ppm Ni. • ~6km long anomaly coincident with linear magnetic and gravity Poseidon MC (1968) Up to 9m @ 1,100ppm highs. Ni and 570ppm Cu • Coincident with mapped maf
Slide 18: Mt Yule and Horseshoe Au-Ni-PGE Anomalies
Mt Yule and Horseshoe Au – Ni - PGE Anomalies Mt Yule • Large, multi-element auger anomaly For personal use only with up to: Mt Yule ◦ 613ppb Au ◦ 492ppm Ni ◦ 288ppm Cu ◦ 15ppb Pd+Pt • Coincident with high order, regionally significant gravity/magnetic anomaly • No previous exploration Horseshoe • S
Slide 19: Next Steps
Next Steps Initial results validate exploration concept For personal use only Phase 1 (Q2/Q3 2020) • Infill auger sampling – in progress • Extend first pass, 400 x 400m Bindi Bindi gravity and auger sampling to adjacent areas - pending • Airborne EM – July 2020 • Total budget ~ $500,000 Mt Yule Phas
Slide 20: Investment Case
Investment Case The only uncommitted “Tier 1” lithium resource in Australia, strengthened by exciting new targets For personal use only Kathleen Valley Lithium-Tantalum Project 156Mt resource Multiple opportunities to improve economics Flexible development Updated PFS Q4 timeline aligned to 2020 dem
Slide 21: Leadership and Key Financials
Leadership and Key Financials For personal use only David Richards Tim Goyder Craig Williams Anthony Cipriano Steven Chadwick Managing Director Chairman Non-Executive Director Non-Executive Director Non-Executive Director • +35 years • +40 years • +40 years • +30 years • +40 years • Discovered multi
Slide 22: Thank You
For personal use only THANK YOU For more information visit www.ltresources.com.au JUNE 2020| 22
Slide 23: Appendix: Peer Comparison Information
For personal use only Appendix 1 PEER COMPARISON INFORMATION
Slide 24: Peer Comparison Information – Mineral Resource Estimates
Peer Comparison Information – Mineral Resource Estimates Measured Indicated Inferred Global Company Project Stage MRE Grade Information Source Mt Mt Mt MRE Mt Kathleen ASX Announcement, 11 May 2020: Development 20 105 32 156 1.35 Valley https://www.ltresources.com.au For personal use only Liontown R
Slide 25: Appendix: Buldania Lithium Project
For personal use only Appendix 2 BULDANIA LITHIUM PROJECT (LIONTOWN 100%)
Slide 26: Project Overview
Project Overview Significant lithium discovery Buldania is Located in a 1 Outcropping, fresh, spodumene- For personal use only Lithium-Rich Mineral Province related mineralisation Mineralisation at Anna extends to the SE 2 under shallow cover – strike length >1.4km and open 1 Similar geology to the
Slide 27: Resource
Resource Maiden Mineral Resource Estimate 14.9Mt @ 1.0% Li2O For personal use only The completion of the MRE complements flagship Kathleen Valley Lithium Project
Slide 28: For personal use only
For personal use only Level 2, 1292 Hay St West Perth WA 6005 +61 8 9322 7431 info@ltresources.com.au www.ltresources.com.au liontown-resources-limited @LiontownRes
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