Liontown Limited · ASX:LTR

Liontown — Liontown Resources — Shareholder Meeting (November 2018)

23 slides from Liontown's shareholder meeting presentation, Nov 27, 2018

  1. Slide 1: Annual General Meeting – Our Future is Lithium

    For personal use only Annual General Meeting 27 November 2018 OUR FUTURE IS LITHIUM A T R A N S F O R M AT I V E Y E A R A H E A D FOR SHAREHOLDERS 1

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

    Competent Person’s Statement and Disclaimer The Information in this presentation 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 Va

  3. Slide 3: 2018 Highlights

    2018 HIGHLIGHTS 1 Kathleen Valley Lithium Project, Eastern Goldfields, Western Australia For personal use only • Maiden Mineral Resource: 21.2Mt @ 1.4% Li2O and 170ppm Ta2O5  Metallurgy confirms saleable concentrate and low iron (<0.5% Fe2O3)  Scoping study due early Q1 2019 2 Buldania Lithium Pro

  4. Slide 4: Kathleen Valley Lithium Project

    For personal use only KATHLEEN VALLEY LITHIUM PROJECT WESTERN AUSTRALIA 4

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

    A NEW, HIGH-GRADE LITHIUM DISCOVERY IN A TIER-1 MINING REGION For personal use only >21 Million Tonne Lithium-Tantalum Mineral Resource Cut-off (Li2O %) Million Tonnes Li2O % Ta2O5 ppm Resource Category Million Tonnes Li2O % Ta2O5 ppm 0.3 21.2 1.37 166 Measured 3.2 1.3 190 0.4 21.2 1.37 166 Indicate

  6. Slide 6: Comparison of Grade and Tonnage

    COMPARISON OF GRADE AND TONNAGE For personal use only Resource Development Production *As at 17 October 2018 (Sourced from company websites) 6

  7. Slide 7: Initial Metallurgy Confirms a Saleable Concentrate with Low Impurities

    INITIAL METALLURGY CONFIRMS A SALEABLE CONCENTRATE WITH LOW IMPURITIES (<0.5% IRON) For personal use only Drilling Discovery Development 7

  8. Slide 8: Outcropping High Grade Mineralisation on Granted Mining Leases

    OUTCROPPING HIGH GRADE MINERALISATION ON GRANTED MINING LEASES CLOSE TO ESTABLISHED INFRASTRUCTURE For personal use only • Two mineralised pegmatite swarms – Kathleen’s Corner and Mt Mann • 18 mineralised pegmatites • Stacked and predominantly shallowly dipping (0-200) • Individually up to 20m thick

  9. Slide 9: Kathleen Valley – A Large, Lithium Mineralised System

    KATHLEEN VALLEY – A LARGE, LITHIUM MINERALISED SYSTEM SW Mt Mann K a t h l e e n ’ s C o r n NE er For personal use only N K a t h l e e n ’s ~150M Corner Northern Section ~1KM SW NE ~150M 300m Li2O >0.5% Mt Mann >1.0% Southern Section >1.5% ~1KM >2.0% Plan 9

  10. Slide 10: Resource Remains Open Along Strike and at Depth

    RESOURCE REMAINS OPEN ALONG STRIKE AND AT DEPTH – OUTSTANDING POTENTIAL FOR FURTHER GROWTH For personal use only 4m @ 1.5% Li2O • Kathleen’s Corner • Open along strike and at depth Kathleen’s • Mt Mann Corner • Open at depth • Newly discovered pegmatite intersected by a single drill hole • 4m @ 1.5%

  11. Slide 11: Buldania Lithium Project

    For personal use only BULDANIA LITHIUM PROJECT WESTERN AUSTRALIA 11

  12. Slide 12: Buldania Is Strategically Located in a Lithium-Rich Mineral Province

    BULDANIA IS STRATEGICALLY LOCATED IN A LITHIUM-RICH MINERAL PROVINCE For personal use only Outcropping, fresh, spodumene-related mineralisation Mineralisation at Anna extended to the SE under shallow cover – strike length >1.3km and open Similar geology to the Mt Marion and Bald Hill lithium deposit

  13. Slide 13: Large Spodumene Mineralised Pegmatite Intersected at the Anna Prospect

    LARGE LITHIUM (SPODUMENE) MINERALISED PEGMATITE INTERSECTED AT THE ANNA PROSPECT Mineralisation fresh from surface and open along strike and at depth 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

  14. Slide 14: Drilling Extends Mineralisation at Anna to South East

    DRILLING EXTENDS MINERALISATION AT ANNA TO SOUTH EAST – SYSTEM REMAINS OPEN Anna Long Section (Looking NE) 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

  15. Slide 15: Buldania Is Part of a Large Strategic Land Position

    BULDANIA IS PART OF A LARGE (~650km2) STRATEGIC LAND POSITION HIGHLY PROSPECTIVE FOR LITHIUM KILLALOE PROJECT For personal use only • 163km2 area located immediately north west of the Buldania Project – covers strike extension of Anna trend • ~20km strike length of prospective stratigraphy • Multipl

  16. Slide 16: Toolebuc Vanadium Project

    For personal use only TOOLEBUC VANADIUM PROJECT QUEENSLAND 16

  17. Slide 17: Maiden ~84Mt Vanadium Resource Confirms Significant Addition

    MAIDEN ~84MT VANADIUM RESOURCE CONFIRMS SIGNIFICANT ADDITION TO BATTERY-METAL PORTFOLIO For personal use only Inferred Mineral Resource estimate - ~84Mt @ 0.30% V2O5 Additional Exploration Target# of 100 –110Mt @ 0.28% to 0.32% V2O5 Low cost exposure to emerging energy–storage metal Project adjoins

  18. Slide 18: Significant Exploration Upside Adjacent to Existing Resource

    SIGNIFICANT EXPLORATION UPSIDE ADJACENT TO EXISTING RESOURCE (AND REGIONALLY) For personal use only 100-110 Mt @ 0.28-0.32% V 2O5 ~84Mt @ 0.3% V2O5 18

  19. Slide 19: Vanadium Mineralisation Is Shallow, Soft and Close to Infrastructure

    VANADIUM MINERALISATION IS SHALLOW (<20m), SOFT AND CLOSE TO INFRASTRUCTURE For personal use only • 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 Miner

  20. Slide 20: Vanadium Is a Relative New Comer to the Battery Metals Space

    VANADIUM IS A RELATIVE NEW COMER TO THE BATTERY METALS SPACE IN THE EMERGING LARGE SCALE ENERGY STORAGE INDUSTRY For personal use only VANADIUM PRICE ( WEEKLY), AUD$/ LB 40.00 One of the best performing metals: 36.00 +700% increase in price since 2017 32.00 28.00 Use and price underpinned by 24.00 s

  21. Slide 21: Going Forward

    GOING FORWARD Kathleen Valley Project For personal use only • Scoping Study (Q1 2019)  Metallurgy  Hydrology  Optimisation/Engineering Studies  Environmental  Financial Modelling • Feasibility Study (Q3 2019) Buldania Project ALL PROJECTS ARE • Resource Estimation (Q1 2019) EITHER WHOLLY • Regi

  22. Slide 22: A Proven, Experienced Team

    A PROVEN, EXPERIENCED TEAM DAVID RICHARDS TIM GOYDER For personal use only Managing Director Chairman Former Senior Geologist - Battle +40 years experience, Executive Mountain (discovered multi-million Chairman – Chalice Gold Mines, ounce Vera Nancy gold deposits), Chairman – DevEx Resources, Region

  23. Slide 23: Contact

    For personal use only EMAIL WEBSITE: OFFICE PHONE NUMBER info@ltresources.com.au www.ltresources.com.au Level 2, 1292 Hay St 08 9322 7431 West Perth WA 6005 CONNECT https://au.linkedin.com/company/liontown-resources-limited https://twitter.com/LiontownRes 23

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