Liontown Limited · ASX:LTR

Liontown — Liontown Resources — Investor Presentation (November 2018)

22 slides from Liontown's investor presentation, Nov 22, 2018

  1. Slide 1: Liontown: An Australian Battery Metal Opportunity

    Liontown November 2018 ASX: LTR S AN AUSTRALIAN BATTERY LiL, METAL OPPORTUNITY DEFINING LITHIUM AND VANADIUM RESOURCES

  2. Slide 2: Competent Person's Statement and Disclaimer

    Competent Person's Statement and Disclaimer L The Information in this report that relates to the Exploration Results for the Kathleen Valley Project is extracted from ASX announcements entitled “Shallow high-grade lithium mineralisation intersected in initial Phase 2 drill program at Kathleen Valley

  3. Slide 3: For personal use only

    For personal use only • • •    KALGOORLIE •  •

  4. Slide 4: Kathleen Valley Lithium Project, Western Australia

    KATHLEEN VALLEY 6 LITHIUM PROJECT WESTERN AUSTRALIA

  5. Slide 5: A Significant New, High-Grade Lithium Discovery in a Tier-1 Mining Region

    A SIGNIFICANT NEW, HIGH-GRADE LITHIUM DISCOVERY IN A TIER-1 MINING REGION am 1 Million Tonne Lithium-Tantalum Mineral Resource Cutoff (LiJO %) | Million Tonnes Ta,O; ppm : 166 (@) Resource Category 21.2 1.37 Measured 21.2 1.37 166 Indicated 21.2 1.37 166 21.2 1.37 166 21.0 1.37 166 20.7 1.38 166 20.

  6. Slide 6: Comparison of Grade and Tonnage

    COMPARISON OF GRADE AND TONNAGE Lithium Deposits (grade x tonnes) Kathleen Valley Mt Cattlin Whabouchi Mina Do Barroso - Piedmont Authier Bald Hill pos @ Resource Development Production 40.0 45.0 *As at 17 October 2018 (Sourced from company websites)

  7. Slide 7: For personal use only

    For personal use only • • • • • • • • Kalgoorlie (~370km)

  8. Slide 8: For personal use only

    For personal use only SW SW NE NE N

  9. Slide 9: For personal use only

    • • • • For personal use only • • • •

  10. Slide 10: Buldania Lithium Project, Western Australia

    BULDANIA @ LITHIUM PROJECT WESTERN AUSTRALIA

  11. Slide 11: Buldania Is Strategically Located in a Lithium-Rich Mineral Province

    BULDANIA IS STRATEGICALLY LOCATED IN A LITHIUM-RICH MINERAL PROVINCE . _ = i ©) Outcropping, fresh, spodumene-related Mejor Lithium . . . esource mineralisation | * Significant Lithium = : Occurrence @®) Mineralisation at Anna extended to the SE J “ae a - ea peat under shallow cover — strike length

  12. Slide 12: For personal use only

    For personal use only 13m @ 1.0% Li2O 29m @ 1.3% Li2O incl. 9m @ 1.7% Li2O 25m @ 1.2% Li2O Drill section incl. 5m @ 2.0% Li2O 32m @ 1.1% Li2O incl. 9m @ 1.3% Li2O 58m @ 1.2% Li2O incl. 16m @ 1.7% Li2O 22m @ 1.1% Li2O incl. 10m @ 1.4% Li2O 30m @ 1.4% Li2O incl. 9m @ 1.6% Li2O 10m @ 1.6% Li2O incl. 4m

  13. Slide 13: For personal use only

    For personal use only NW SE 13m @ 1.0% Li2O 39m @ 1.6% Li2O 14m @ 1.7% Li2O incl. 13m @ 2.1% Li2O incl. 11m @ 2.0% Li2O 30m @ 1.4% Li2O 32m @ 1.1% Li2O incl. 9m @ 1.6% Li2O incl. 9m @ 1.3% Li2O 25m @ 1.2% Li2O incl. 5m @ 2.0% Li2O 11m @ 1.4% Li2O 29m @ 1.2% Li2O incl. 3m @ 2.0% Li2O incl. 9m @ 1.7%

  14. Slide 14: Buldania Is Part of a Large Strategic Land Position Prospective for Lithium

    BULDANIA IS PART OF A LARGE (~650km2) STRATEGIC LAND POSITION HIGHLY PROSPECTIVE FOR LITHIUM KILLALOE PROJECT == 163km? area located immediately north west of the Buldania Project — covers strike extension of Anna trend */) ~20km strike length of prospective stratigraphy + Multiple spodumene-bearing

  15. Slide 15: Toolebuc Vanadium Project, Queensland

    TOOLEBUC @ VANADIUM PROJECT QUEENSLAND

  16. Slide 16: Maiden ~84Mt Vanadium Resource Confirms Significant Addition to Battery-Metal Portfolio

    MAIDEN ~84MT VANADIUM RESOURCE CONFIRMS SIGNIFICANT ADDITION TO BATTERY-METAL PORTFOLIO Mineral Resource estimate - ~84Mt @ 0.30% VO; « ~~ @) Additional Exploration Target* of ae -" 100 -110Mt @ 0.28% to 0.32% V205 2c © Low cost exposure fo emerging energy-storage metal . . [7] Toolebuc Formato ©) P

  17. Slide 17: Significant Exploration Upside Adjacent to Existing Resource

    SIGNIFICANT EXPLORATION UPSIDE ADJACENT TO EXISTING RESOURCE (AND REGIONALLY) 7736 000mN 7 734.000mN 7 732.000mN a, T T ~692 000mE, 693 000mE — —— =~ ~ — == Se — ~ “= —— — = a 100-110 Mt @ 0.28-0.32% V0; ~B4Mt @ 0.3% V.O5 ~ a * T 694 000mE rm Inferred Mineral Resource ~~~ Exploration Target Area @ _

  18. Slide 18: Vanadium Mineralisation Is Shallow, Soft and Close to Infrastructure

    VANADIUM MINERALISATION IS SHALLOW (<20m), SOFT AND CLOSE TO INFRASTRUCTURE Located immediately east of the 671Mt Lilyvale Mineral Resource of Intermin Resources’ (ASX:IRC)* 5km x 3km mineralised zone, open to the north and east Grades and widths similar to Lilyvale Mineral Resource *. Extensional d

  19. Slide 19: Vanadium Price (Weekly), AUD$/lb

    For personal use only VANADIUM PRICE ( WEEKLY), AUD$/ LB 40.00 36.00 32.00 28.00 24.00 20.00 16.00 12.00 8.00 4.00 0.00

  20. Slide 20: For personal use only

    For personal use only • • • • • •     

  21. Slide 21: A Proven, Experienced Team

    A PROVEN, EXPERIENCED TEAM Resources CRAIG WILLIAMS Non-Executive Director ANTHONY CIPRIANO Non-Executive Director +40 years experience, Chairman Orecorp Ltd, co-founder and former CEO — Equinox Minerals +30 years experience, former partner at Deloitte, Chartered Accountant DAVID RICHARDS F TIM GOYD

  22. Slide 22: Liontown

    Liontown EMAIL a \_ WEBSITE: OFFICE PHONE NUMBER i info@ltresources.com.au 9 www. ltresources.com.au Level 2, 1292 Hay St o 08 9322 7431 West Perth WA 6005 CONNECT in

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