Liontown Limited · ASX:LTR

Liontown — Liontown Resources — Shareholder Meeting (November 2011)

25 slides from Liontown's shareholder meeting presentation, Nov 22, 2011

  1. Slide 1: Annual General Meeting Exploration Update

    For personal use only ANNUAL GENERAL MEETING Exploration Update NOVEMBER 22nd 2011

  2. 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, proposed based on the information available to Liontown Resources Limited as at 21st November 2011. This presentation

  3. Slide 3: Highlights

    Highlights For personal use only  First overseas acquisition  Jubilee Reef JV in northern Tanzania  Outstanding gold results intersected in maiden drilling program  Up to 28m @ 3g/t Au in RC  Up to 22m @ 1.3g/t Au in RAB/Aircore  Follo up Follow p drilling in progress/more planned  Positive i

  4. Slide 4: Corporate Snapshot

    Corporate Snapshot For personal use only ASX Code LTR Shares on Issue ~265 265 million million* Market Capitalisation ~$13 million (at 5c) Exploration Portfolio >6,500km2 Major Shareholder Tim Goyder (28%) Top 50 Shareholders >80% * 1:4 rights issue completed Nov’ 2011  Well p positioned for ggrowt

  5. Slide 5: Well Credentialed Board and Management

    Well Credentialed Board and Management For personal use only TIM GOYDER: Executive Chairman Over 30 years’ experience in the resource industry. Involved in the formation and management of a number of publicly listed companies and currently also a director of Chalice Gold Mines and Uranium Equities.

  6. Slide 6: Tanzania: World-class gold producer

    Tanzania: World-class gold producer For personal use only  Stable democracy  Endorsed by World Bank and IMF  British Common Law (English = Business Language)  Modern Mining Act (2010)  Standard tax and regulatory systems  Well endowed with minerals but relativelyy underexplored  Well establis

  7. Slide 7: Northern Tanzania: Lake Victoria Goldfield

    Northern Tanzania: Lake Victoria Goldfield For personal use only Granite/greenstone terrain similar to Eastern Goldfields of Western Australia  >50 Moz gold  World class (>10Moz) gold deposits  Still underexplored  Significant BIF stratigraphy but no previous iron exploration 7

  8. Slide 8: Jubilee Reef JV: Key Points

    Jubilee Reef JV: Key Points For personal use only World Class Gold Province (LVGF) – includes Bulyanhulu (~18Moz), Strategic Location Geita (~18Moz) deposits Tenement Area ~60 km2 Geology Archaean greenstones - abundant Banded Iron Formation (BIF) JV Deal/Partner Right to earn up to 75% from Currie

  9. Slide 9: Jubilee Reef JV: Gold targets – Recent results

    Jubilee Reef JV: Gold targets – Recent results For personal use only Panapendesa Up to 7m @ 5.6g/t Au and 8m @ 3.2 g/t Au Masabi Hill Up to 28m @ 3g/t Au 9

  10. Slide 10: Jubilee Reef JV: Masabi Hill - Geological setting

    Jubilee Reef JV: Masabi Hill - Geological setting For personal use only  Granite hosted  Largely obscured by shallow cover  2 mineralised zones  Central  Contact  Anomalism open – 5 500m RAB/Aircore 5,500m drilling program in progress Assays pending  RC/Diamond pprograms g being planned 10

  11. Slide 11: Jubilee Reef JV: Masabi Hill – RC Section A

    Jubilee Reef JV: Masabi Hill – RC Section “A” For personal use only A Significant widths of ore grade (>1g/t Au) material defined beneath extensive zones of lower grade (0.1-1g/t Au) mineralisation intersected by RAB drilling. 11

  12. Slide 12: Jubilee Reef JV: Masabi Hill – RC Section B

    Jubilee Reef JV: Masabi Hill – RC Section “B” For personal use only B 12

  13. Slide 13: Jubilee Reef JV: Masabi Hill – RAB/Aircore sections

    Jubilee Reef JV: Masabi Hill – RAB/Aircore sections For personal use only D C Section “C” – Contact Zone Section “D” – Contact and Central Zones 13

  14. Slide 14: Jubilee Reef JV: Panapendeza Zone

    Jubilee Reef JV: Panapendeza Zone For personal use only Magnetic image showing drill holes and better gold intersections 14

  15. Slide 15: Jubilee Reef JV: Panapendeza Drill Sections

    Jubilee Reef JV: Panapendeza Drill Sections For personal use only Section “E” Section “F” Section “G”  Continuous gold mineralisation intersected on multiple sections over +200 metre strike  Open along strike and at depth 15

  16. Slide 16: Tanzoz JV: Strike extension of Jubilee Reef

    Tanzoz JV: Strike extension of Jubilee Reef For personal use only  Largely under cover  Largely unexplored  Right to earn 75% equity Panapendesa  Easy access Masabi Hill  Prospecting pits 16

  17. Slide 17: African Barrick Iron Ore JV: ~530km2 area

    African Barrick Iron Ore JV: ~530km2 area For personal use only  Iron specific JV  Significant, unexplored BIF stratigraphy  6 month data review  Right to “cherry cherry pick pick” prospective areas  Targeting DSO material  Previous exploration has confirmed extensive >30% Fe magnetite materia

  18. Slide 18: Eastern Tanzania: A major new gold district

    Eastern Tanzania: A major new gold district For personal use only  Located ~50km SE of recent Handeni discovery  LTR applications ~ 480km2 LTR Application ((Exclusive))  Underlain by same geology?  No previous exploration Handeni 150km NW of Dar es  ~150km 59m @ 4.3g/t Au Salaam 40m @ 3.6g/t Au

  19. Slide 19: North Queensland: World-class precious/base metal province

    North Queensland: World-class precious/base metal province For personal use only Key Assets Mt Wi Windsor d JV  Ramelius can earn 60% by spending $7M in 4 years  >3,500km 3,500km2  Expenditure to date ~$3.0M Panhandle Project j  Wholly owned  >1,200km2  Targeting high grade silver and d gold l

  20. Slide 20: Mt Windsor JV: Regional Setting and 2011 targets

    Mt Windsor JV: Regional Setting and 2011 targets For personal use only  2,850m RC/Diamond core drilling program recently completed over 4 targets  Assays pending  Geophysical surveys in progress 20

  21. Slide 21: Panhandle: Historic stream sampling

    Panhandle: Historic stream sampling For personal use only  Multiple silver anomalies defined Mt Carlton  Size and amplitude compare favourably with Mt Carlton response  Only 5 holes drilled previously on entire project area (1,260km2)  1,100m drilling program completed by Spade Dam LTR at Powerl

  22. Slide 22: Panhandle: Powerline Silver Trend

    Panhandle: Powerline Silver Trend For personal use only  Part of 7.5km long silver trend  High grade rock values (up to 202g/t Ag) recorded at surface  Diamond drilling indicates large alteration system with associated pyrite-galena-sphalerite pyrite galena sphalerite developed at depth. Alterati

  23. Slide 23: 2011/2012 Exploration: Plan and Objectives

    2011/2012 Exploration: Plan and Objectives For personal use only Tanzania  Jubilee Reef JV (LTR earning 75%) • 5,500m 5 500 RAB/Ai RAB/Aircore drilling d illi program iin progress • RC/Diamond drilling to follow up recent outstanding intersections  Oth Other  Complete target definition work on Ta

  24. Slide 24: Summary

    Summary For personal use only  Exciting exploration portfolio and targets in established mining regions  Outstanding gold results intersected at Jubilee Reef JV in Tanzania  Expanded land position in Tanzania  Exploration activities being maintained in North Q Queensland l d  Active exploration

  25. Slide 25: For more information…

    For more information… For personal use only Telephone: (08) 9322 7431 Fax: (08) 9322 5800 Email: info@ltresources.com.au Thank You

Liontown Resources — Shareholder Meeting (November 2011) on 6ix