Liontown Limited · ASX:LTR
Liontown — Liontown Resources — Investor Presentation (September 2018)
33 slides from Liontown's investor presentation, Sep 4, 2018
Slide 1: An Australian Battery Metal Opportunity
For personal use only SEPTEMBER 2018 A S X : LT R AN AUSTRALIAN BATTERY METAL OPPORTUNITY DEFINING LITHIUM AND VA N A D I U M R E S O U R C E S 1
Slide 2: Competent Person's Statement and Disclaimer
Competent Person’s Statement and Disclaimer For personal use only 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 progra
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Three outstanding battery metals project For personal use only located close to established infrastructure ~21Mt Lithium-Tantalum Mineral Resource at Kathleen Valley, WA Second lithium discovery at Buldania near Norseman, WA THE PROJECTS ARE EITHER WHOLLY ~84Mt Vanadium Mineral
Slide 4: Projects
PROJECTS For personal use only Kathleen Valley Lithium Project, Eastern Goldfields, Western Australia • Maiden Mineral Resource: ~21.2Mt @ 1.4% Li2O and 170ppm Ta2O5 at a 0.5% Li2O cut-off grade • 75% of the Mineral Resource is Measured or Indicated • Metallurgical test work in progress Buldania Lit
Slide 5: Near Term Objectives
NEAR TERM OBJECTIVES For personal use only Kathleen Valley Lithium Project Complete metallurgical test work (Q3 2018) Scoping study (Q4 2018) Commence discussions with potential off-take partners Buldania Lithium Project Complete ~5,000m follow-up drilling (Q3 2018) Resource definition dri
Slide 6: Kathleen Valley Lithium Project
For personal use only KATHLEEN VALLEY LITHIUM PROJECT WESTERN AUSTRALIA 6
Slide 7: 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 For personal use only 21.2 million tonne Lithium-Tantalum Mineral Resource Resource Category Million Tonnes Li2O % Ta2O5 ppm Measured 3.2 1.3 190 Indicated 12.7 1.4 160 Inferred 5.3 1.3 150 Total 21.2 1.4 170 MAJOR DISCOVERY R
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
Slide 9: Kathleen Valley – A Large, Lithium Mineralised System
KATHLEEN VALLEY – A LARGE, LITHIUM MINERALISED SYSTEM For personal use only 9
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 • Mt Mann • Open at depth • Newly discovered pegmatite intersected by a single drill hole • 4m @ 1.5% Li2O • Mineralise
Slide 11: Buldania Lithium Project
For personal use only BULDANIA LITHIUM PROJECT WESTERN AUSTRALIA 11
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 Initial drilling intersected mineralised zones more than 50m wide with individual grades up to 2.5% Li2O Follow-up drilling in progress Similar geological setting to the Mt Marion and Bald Hill lithium deposit
Slide 13: Large Spodumene-Mineralised Pegmatite Intersected at the Anna Prospect
LARGE SPODUMENE-MINERALISED PEGMATITE INTERSECTED AT THE ANNA PROSPECT For personal use only Mineralisation fresh from surface and open along strike and at depth Initial results include: BDRC0012 25m @ 1.2% Li2O (16m) Incl. 3m @ 2% Li2O (22m) Incl. 5m @ 2% Li2O (27m) BDRC0015 58m @ 1.2% Li2O (39m) I
Slide 14: Follow Up Drilling to Target Extensions of Anna Pegmatite
FOLLOW UP DRILLING TO TARGET EXTENSIONS OF ANNA PEGMATITE For personal use only ANNA • Thick, shallowly SW dipping pegmatite • Open at depth and towards southeast beneath shallow cover • Follow up RC drilling in progress testing for extensions • Part of regional trend which will also be assessed by
Slide 15: Buldania Is Part of a Large Strategic Land Position
BULDANIA IS PART OF A LARGE (~600km2) STRATEGIC LAND POSITION HIGHLY PROSPECTIVE FOR LITHIUM For personal use only NORCOTT PROJECT KILLALOE PROJECT • Acquired August 2018 • 377km2 area located 4km to the south and along strike of the Buldania Project • 163km2 area located immediately west and along
Slide 16: Toolebuc Vanadium Project
For personal use only TOOLEBUC VANADIUM PROJECT QUEENSLAND 16
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% V2 O 5 Low cost exposure to emerging energy–storage metal Project adjoin
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
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
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 22.00 300% increase in price since 20.00 2017 and tipped to be the 18.00 ‘metal to watch’ in 20181 16.00 14.00 Use and price under
Slide 21: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only High grade lithium resource announced at Kathleen Valley New lithium discovery at Buldania Advanced vanadium project close to THE PROJECTS ARE established infrastructure EITHER WHOLLY OWNED OR LIONTOWN HAS 100% OF THE RELEVANT ~$3 million in cash will ensu
Slide 22: For personal use only
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 22
Slide 23: Appendix
For personal use only APPENDIX 23
Slide 24: 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
Slide 25: Kathleen Valley RC Drilling Statistics
For personal use only KATHLEEN VALLEY RC DRILLING STATISTICS Significant Li2O (>0.4%) and Ta2O5 (>50ppm) results Hole_ID East North RL Dip Azimuth Depth (m) Significant Li2O (>0.4%) and Ta2O5 (>50ppm) results Prospect Hole_ID East North RL Dip Azimuth Depth (m) Prospect From(m) To(m) Interval(m) Li2
Slide 26: Kathleen Valley RC Drilling Statistics (Contd)
KATHLEEN VALLEY RC DRILLING STATISTICS (CONTD) Significant Li2O (>0.4%) and Ta2O5 (>50ppm) results Significant Li2O (>0.4%) and Ta2O5 (>50ppm) results Hole_ID East North RL Dip Azimuth Depth (m) Prospect Hole_ID East North RL Dip Azimuth Depth (m) Prospect From(m) To(m) Interval(m) Li2O (%) Ta2O5 (p
Slide 27: Kathleen Valley RC Drilling Statistics (Contd)
KATHLEEN VALLEY RC DRILLING STATISTICS (CONTD) Significant Li2O (>0.4%) and Ta2O5 (>50ppm) results Significant Li2O (>0.4%) and Ta2O5 (>50ppm) results Hole_ID East North RL Dip Azimuth Depth (m) Prospect Hole_ID East North RL Dip Azimuth Depth (m) Prospect From(m) To(m) Interval(m) Li2O (%) Ta2O5 (p
Slide 28: Kathleen Valley RC Drilling Statistics (Contd)
KATHLEEN VALLEY RC DRILLING STATISTICS (CONTD) Significant Li2O (>0.4%) and Ta2O5 (>50ppm) results Significant Li2O (>0.4%) and Ta2O5 (>50ppm) results Hole_ID East North RL Dip Azimuth Depth (m) Prospect Hole_ID East North RL Dip Azimuth Depth (m) Prospect From(m) To(m) Interval(m) Li2O (%) Ta2O5 (p
Slide 29: Kathleen Valley RC Drilling Statistics (Contd)
KATHLEEN VALLEY RC DRILLING STATISTICS (CONTD) Significant Li2O (>0.4%) and Ta2O5 (>50ppm) results Significant Li2O (>0.4%) and Ta2O5 (>50ppm) results Hole_ID East North RL Dip Azimuth Depth (m) Prospect Hole_ID East North RL Dip Azimuth Depth (m) Prospect From(m) To(m) Interval(m) Li2O (%) Ta2O5 (p
Slide 30: Kathleen Valley RC Drilling Statistics (Contd)
KATHLEEN VALLEY RC DRILLING STATISTICS (CONTD) Significant Li2O (>0.4%) and Ta2O5 (>50ppm) results Hole_ID East North RL Dip Azimuth Depth (m) Prospect For personal use only From(m) To(m) Interval(m) Li2O (%) Ta2O5 (ppm) 100 104 4 2 252 incl. 3m @ 2.4% Li2O and 283ppm Ta2O5 from 100m KVRC0132 258421
Slide 31: Kathleen Valley Diamond Core Drilling Statistics
For personal use only KATHLEEN VALLEY DIAMOND CORE DRILLING STATISTICS 31
Slide 32: Buldania RC Drilling Statistics
For personal use only BULDANIA RC DRILLING STATISTICS 32
Slide 33: Toolebuc / Lilyvale Extended – Drill Hole Statistics
For personal use only TOOLEBUC / LILYVALE EXTENDED – DRILL HOLE STATISTICS 33
Liontown Resources — Investor Presentation (September 2018) on 6ix