Slide 1: Liontown Resources Company Update
For personal use only Liontown Resources Company Update 3rd February 2014 ASX Code: LTR
Slide 2: Disclaimer
Disclaimer Competent Person’s Statement and Disclaimer: For personal use only • The Information in this presentation that relates to the Exploration Results of the Rupa Suguti Project is extracted from ASX announcements entitled “Rupa Suguti Project Drilling Results” and “Quarterly Activities Report
Slide 3: Corporate Overview
Corporate Overview For personal use only Focused on discovering stand-alone gold deposits in Tanzania, East Africa – one of the world’s most prospective gold provinces. ASX Code LTR Shares on Issue ~393 million Market Capitalisation ~$4 million (at 1cps) Tim Goyder ~28% Major Shareholders Delta Reso
Slide 4: Experienced Board and Management
Experienced Board and Management For personal use only TIM GOYDER – Non-Executive Chairman 30 years experience, Chairman – Chalice Gold, Director – Uranium Equities, Strike Energy DAVID RICHARDS – Managing Director 30 years experience, former Managing Director – Glengarry Resources CRAIG WILLIAMS –
Slide 5: Tanzanian Overview
Tanzanian Overview Potential for large scale gold discovery in proven For personal use only Lake Victoria Goldfield, northern Tanzania. • Rupa Suguti • Option to acquire 100% • High grade gold system defined over 7km strike • High grade gold intersected in recent drilling • Jubilee Reef • Agreement
Slide 6: The Right Place – Surrounded by Head Frames
The Right Place – Surrounded by “Head Frames” Lake Victoria Goldfield For personal use only • +50Moz gold endowment – home to several world-scale deposits • Multiple +10Moz deposits*: • Bulyanhulu (~17Moz) • Geita (~12.5Moz) • Six operating mines • Fourth biggest gold producer in Africa after S. Afr
Slide 7: Rupa Suguti Project – High Grade Potential
Rupa Suguti Project – High Grade Potential • Acquired April 2013 For personal use only • Option to acquire 100% • Immediate, >700m long, target (Chirorwe) with historic high grade intersections – open in all directions • Initial RC drill program (9 holes/750m) confirms high grades • Part of >7km E/W
Slide 8: Rupa Suguti Project: Chirorwe Drilling
Rupa Suguti Project: Chirorwe Drilling For personal use only • Intersected on five traverses over ~350m strike • Multiple, steep dipping lodes? • Hosted by mixed sediment package • Open at depth and along strike Recent Drilling Historic results confirmed (including • 5m @ 3.6g/t Au from 32m incl.
Slide 9: Rupa Suguti Project: Chirorwe Sections
Rupa Suguti Project: Chirorwe Sections For personal use only S N SW NE SCRC022 SCRC021 SCRC018 SCRC024 5m @ 3.6g/t Au 1,200m Incl. 3m @ 5.6g/t 1,175m 1,225m 52m 1,150m 1,200m 7m @ 5.6g/t Au 2m @ 6.6g/t Au Incl. 1m @ 10.9g/t Basalt Basalt 1,125m 1,175m Granite Granite 110m 25m 112m 118m 25m 1,150m 9
Slide 10: Rupa Suguti Project: Upside
Rupa Suguti Project: Upside For personal use only 7km gold trend – no drilling outside of Chirorwe prospect 10
Slide 11: Jubilee Reef – Highly Promising Results
Jubilee Reef – Highly Promising Results For personal use only Tembo Trenches up to 12m @ • 4 priority prospects 1.3g/t Au delineated – Masabi Hill, Panapendesa, Chela and Tembo Chela • Broad, near-surface gold Up to 4m @ 3.6g/t Au zones intersected at Masabi Hill and Panapendesa • Potential for larg
Slide 12: Jubilee Reef/Masabi Hill: Large Gold System Confirmed
Jubilee Reef/Masabi Hill: Large Gold System Confirmed For personal use only • Results include: • 62m @ 2.4g/t Au (including 21m @ 4.7g/t Au) • 74m @ 1.8g/t Au (including 23m @ 2.9g/t Au) • 86m @ 1.7g/t Au (including 44m @ 3.0g/t Au) • Gold anomalism open • Potential for large gold system with multip
Slide 13: Jubilee Reef/Masabi Hill – Latest Intersection
Jubilee Reef/Masabi Hill – Latest Intersection Masabi Hill – Section 438950E • Located between For personal use only Discovery Zone and area of intense ABG drilling • Similar style of mineralisation as Discovery Zone • No follow up drilling 13
Slide 14: Jubilee Reef Project: Panapendesa
Jubilee Reef Project: Panapendesa For personal use only Tembo Trenches up to 12m @ 1.3g/t Au Chela Up to 4m @ 3.6g/t Au Panapendesa Up to 39m @ 1.9g/t Au Masabi Hill Up to 44m @ 3.0g/t Au 0 2 kilometres 14
Slide 15: Jubilee Reef: Panapendeza Drill Plan
Jubilee Reef : Panapendeza Drill Plan For personal use only 15
Slide 16: Jubilee Reef Project: Panapendeza Drill Section
Jubilee Reef Project: Panapendeza Drill Section For personal use only • Intersected on five traverses over ~350m strike • Multiple, steep dipping lodes? • Hosted by mixed sediment package • Open at depth and along strike 16
Slide 17: Jubilee Reef Project: Chela and Tembo
Jubilee Reef Project: Chela and Tembo For personal use only Tembo Trenches up to 12m @ 1.3g/t Au Chela Up to 4m @ 3.6g/t Au Panapendesa Up to 39m @ 1.9g/t Au Masabi Hill Up to 44m @ 3.0g/t Au 0 2 kilometres 17
Slide 18: Jubilee Reef Project: Tembo
Jubilee Reef Project: Tembo For personal use only 10m @ 0.4g/t Au 12m @ 1.3g/t Au • Newly discovered New Gold Zone gold zone • Large, high order, gold-in-soil anomaly • >1.2km gold trend defined by limited, wide spaced 4m @ 1.0g/t Au (>500m) trenching • Infill trenching 11m @ 1.7g/t Au and planned 8
Slide 19: Tanzania – The Next Steps
Tanzania – The Next Steps • Rupa Suguti For personal use only Test immediate strike extensions of Chirorwe gold zone Define and test additional drill targets along regional 7km, gold trend • Jubilee Reef Masabi – confirm orientation of high grade shoots Tembo – define bedrock trends with fur
Slide 20: Mt Windsor: Regional Setting
Mt Windsor: Regional Setting For personal use only Allandale Kookaburra Defined drill targets in world class mineral province
Slide 21: Mt Windsor: Allandale – High level, epithermal system?
Mt Windsor : Allandale – High level, epithermal system? For personal use only Main Zone 500m • 4km long system • Rock chip samples to 1.9g/t Au, 3,412ppm As and 1,619ppm Sb • Previous drilling (1992) intersected broad zones of anomalous gold and pathfinders (e.g. 24m @ 0.2g/t Au from 48m) • Vera-Nan
Slide 22: Mt Windsor: Allandale – High level, epithermal system?
Mt Windsor : Allandale – High level, epithermal system? For personal use only Proposed Hole
Slide 23: Mt Windsor: Kookaburra – >1km long, multi-metal target
Mt Windsor: Kookaburra – >1km long, multi-metal target For personal use only • Anomalous precious and base metals • Extensive soil anomalism open to west and south • Only northern part of anomaly drilled - individual metres up to 0.66g/t Au, 1.7% Cu and 1.3% Mo • Broad intervals of copper mineralisa
Slide 24: Summary
Summary For personal use only • Focused, Australian-based gold explorer • Accomplished team with strong discovery track record • Emerging gold systems of significant size, scale and grade in northern Tanzania Rupa Suguti – option to acquire 100% Jubilee Reef – agreement to acquire 100% • Strateg
Slide 25: ASX Code: LTR
For personal use only ASX Code: LTR
Slide 26: Appendix 1 - Masabi Hill/RC Drill Intersections
Appendix 1- Masabi Hill/RC Drill Intersections Significant Intersections (>0.1g/t Au) Significant Intersections (>0.5g/t Au) Significant Intersections (>0.1g/t Au) Significant Intersections (>0.5g/t Au) HOLEID Easting Northing Azimuth Dip DEPTH HOLEID Easting Northing Azimuth Dip DEPTH From To Inter
Slide 27: Appendix (cont)
Appendix 1 (cont) Significant Intersections (>0.1g/t Au) Significant Intersections (>0.5g/t Au) Significant Intersections (>0.1g/t Au) Significant Intersections (>0.5g/t Au) HOLEID Easting Northing Azimuth Dip DEPTH HOLEID Easting Northing Azimuth Dip DEPTH For personal use only From To Interval Gra
Slide 28: Appendix – Panapendesa RC Drill Intersections
Appendix 2 – Panapendesa RC Drill Intersections Signifcant Intersections (>0.1g/t Au) Signifcant Intersections (>0.5g/t Au) HOLEID Easting Northing Azimuth Dip DEPTH From To Interval Grade From To Interval Grade For personal use only 0 6 6 0.25 JRRC-4 11183 7735 45 -60 102 60 69 9 0.19 90 93 3 9.5 9
Slide 29: Appendix – Rupa Suguti Drilling
Appendix 3 – Rupa Suguti Drilling Signifcant Intersections (>0.1g/t Au) Signifcant Intersections (>0.5g/t Au) HOLEID Easting Northing Azimuth Dip DEPTH From To Interval Grade From To Interval Grade JRRC-4 11183 7735 45 -60 102 0 60 6 69 6 9 0.25 0.19 Table 1 For personal use only 90 0 93 11 3 11 9.5
Slide 30: Appendix – Mt Windsor - Kookaburra Drill Statistics
Appendix 4 – Mt Windsor - Kookaburra Drill Statistics F/Depth From Interval Hole Id Easting Northing Az/Dip To (m) g/t Au (m) (m) (m) For personal use only GBRC0001 467400 7737785 -60/030 100 76 77 1 0.12 GBRC0002 467375 7737740 -60/030 100 0 1 1 0.17 GBRC0003 467350 7737700 -60/030 150 14 18 4 0.11
Slide 31: Appendix – Mt Windsor - Allandale Drill Statistics
Appendix 5 – Mt Windsor - Allandale Drill Statistics For personal use only CRA 1992 Historic Drill Statistics Significant (>0.1g/t) Au HOLEID EAST NORTH RL DEPTH AZIMUTH DIP From To Interval* Grade RC92AL01 354633 7749967 367.8 156 17 -60 87 93 6 0.15 21 36 15 0.16 RC92AL02 354589 7749902 364.2 72 1