Liontown Limited · ASX:LTR
Liontown — Liontown Resources — Investor Presentation (February 2018)
28 slides from Liontown's investor presentation, Feb 27, 2018
Slide 1: Investor Presentation February 2018
For personal use only INVESTOR PRESENTATION FEBRUARY 2018 ASX : LTR 1
Slide 2: Competent Person's Statement and Disclaimer
Competent Person’s Statement and Disclaimer: 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,
Slide 3: Exciting exploration portfolio in Australia with lithium and battery metal exposure
LIONTOWN HAS AN EXCITING For personal use only EXPLORATION PORTFOLIO IN AUSTRALIA WITH EXPOSURE TO THE RAPIDLY GROWING LITHIUM AND BATTERY METAL MARKET TWO HIGH QUALITY, WHOLLY OWNED 17% EXPECTED ANNUAL LITHIUM 2018 DRILLING OFF TO A STRONG LITHIUM PROJECTS CLOSE TO DEMAND GROWTH START WITH FURTHER
Slide 4: Projects
PROJECTS Kathleen Valley Lithium Project, Northern Goldfields, WA High-grade lithium mineralisation (>1.5% Li2O) For personal use only Two prospects – Mt Mann and Kathleen’s Corner Open along strike and at depth Multiple, stacked pegmatites up to 20m thick Buldania Lithium Project, Norseman,
Slide 5: Liontown Peer Comparison
LIONTOWN PEER COMPARISON HARD ROCK LITHIUM PEERS MARKET CAPITALISATION (A$M) For personal use only 1,391 Liontown has significant upside based on its exploration target of 10-20Mt @ 1-1.5% Li20 748 631 659 673 513 182 242 107 39 Liontown Birimian Critical Tawana AVZ Kidman Nemaska Altura Mt Cattlin
Slide 6: Simple, Strong Strategy: Acquire – Explore – Develop
For personal use only SIMPLE, STRONG STRATEGY ACQUIRE – EXPLORE – DEVELOP LIONTOWN IS WELL FUNDED TO RAPIDLY PROGRESS EXPLORATION ACROSS MULTIPLE NEAR RESOURCE DEFINITION OPPORTUNITIES 6
Slide 7: Acquire early stage battery metal projects in good locations
ACQUIRE EARLY STAGE BATTERY METAL PROJECTS IN GOOD LOCATIONS AND RAPIDLY DEMONSTRATE EXPLORATION UPSIDE For personal use only Acquire Explore Develop Grade • 1 – 1.5% Li2O Tonnage • >10 – 20Mt Metallurgy • Spodumene • Established and Infrastructure modern 7
Slide 8: Kathleen Valley Lithium Project, Western Australia
For personal use only KATHLEEN VALLEY LITHIUM PROJECT WESTERN AUSTRALIA LOCATION PHONE NUMBER EMAIL WEBSITE: Level 2, 1292 Hay St 08 9322 7431 info@ltresources.com.au www.ltresources.com.au West Perth WA 6005 8
Slide 9: 2018 drilling program off to a strong start
2018 DRILLING PROGRAM OFF TO A STRONG START WITH ASSAYS CONFIRMING HIGH-GRADE Li2O CLOSE TO ESTABLISHED INFRASTRUCTURE For personal use only Multiple pegmatites up to 20m thick High grade, fresh from surface Open along strike and at depth All holes drilled in 2018 have intersected significant widths
Slide 10: Shallow high-grade lithium mineralisation intersected in Phase 2 drill program
SHALLOW HIGH-GRADE LITHIUM MINERALISATION INTERSECTED IN PHASE 2 DRILL PROGRAM (JANUARY 2018) • High-grade lithium intersections (>1.5% Li2O) For personal use only • Two prospects – Mt Mann and Kathleen’s Corner Mt Mann KVRC0020 Section 22m @ 1.2% Li 2O (26m) Incl. 5m @ 1.7% Li 2O (26m) Incl. 10m @
Slide 11: Follow up drilling to continue over main structures: Mt Mann
FOLLOW UP DRILLING TO CONTINUE OVER THE MAIN STRUCTURES, TARGETING COMBINED ~1KM OF STRIKE LENGTH For personal use only MT MANN • Multiple moderately dipping pegmatites • Individual pegmatites up to 20m thick • >500m strike length • Open to south and at depth Mt Mann Drill Section 11
Slide 12: Follow up drilling to continue over main structures: Kathleen's Corner
FOLLOW UP DRILLING TO CONTINUE OVER THE MAIN STRUCTURES, TARGETING COMBINED ~1KM OF STRIKE LENGTH For personal use only KATHLEEN’S CORNER • Multiple, stacked flat-shallowly SW dipping pegmatites • Individually up to 20m thick • Probable strike length >500m with trend open in all directions • Potenti
Slide 13: Buldania Lithium Project, Western Australia
For personal use only BULDANIA LITHIUM PROJECT WESTERN AUSTRALIA LOCATION PHONE NUMBER EMAIL WEBSITE: Level 2, 1292 Hay St 08 9322 7431 info@ltresources.com.au www.ltresources.com.au West Perth WA 6005 13
Slide 14: Buldania strategically located in an emerging lithium district
BULDANIA IS STRATEGICALLY LOCATED IN AN EMERGING LITHIUM DISTRICT For personal use only Maiden 3,000-3,500m RC drilling program in progress Similar geological setting to the Mt Marion and Bald Hill lithium deposits (78Mt and 13Mt respectively) Good infrastructure – located on Eyre Highway ~30km east
Slide 15: Rock chip sampling demonstrates widespread spodumene-related lithium mineralisation
ROCK CHIP SAMPLING DEMONSTRATES WIDESPREAD, SPODUMENE-RELATED LITHIUM MINERALISATION For personal use only • Pegmatite swarm defined over an area of 1.3km x 2km • Individual pegmatites up to 400m long and 160m wide mapped at surface • Rock chip results up to 4.2% Li2O • Fresh from surface • No previ
Slide 16: Prospective stratigraphy and lack of previous lithium exploration
PROSPECTIVE STRATIGRAPHY AND LACK OF PREVIOUS LITHIUM EXPLORATION PROVIDE SIGNIFICANT UPSIDE For personal use only • No previous exploration for lithium • Land holding includes the 377km2 Norcott Project* located 4km to the south and along strike of the Buldania Project • Multiple pegmatites have be
Slide 17: RJC Vanadium Project, Queensland
For personal use only RJC VANADIUM PROJECT QUEENSLAND LOCATION PHONE NUMBER EMAIL WEBSITE: Level 2, 1292 Hay St 08 9322 7431 info@ltresources.com.au www.ltresources.com.au West Perth WA 6005 17
Slide 18: RJC Vanadium Project is a strategic land position
THE RJC VANADIUM PROJECT IS A STRATEGIC LAND POSITION COVERING KNOWN RESOURCES AND WITH EXCELLENT INFRASTRUCTURE ACCESS For personal use only Low cost exposure to emerging energy–storage metal Project adjoins and partially includes previously defined vanadium resources Close to Townsville – Mt Isa t
Slide 19: Vanadium a relative newcomer 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 Marked increase in price in 2017 and tipped to be the ‘metal to watch’ in 2018 by Hallgarten & Co1 Use and price underpinned by steel industry (~92% of current usage
Slide 20: Investment Highlights
INVESTMENT HIGHLIGHTS Outstanding lithium projects at Kathleen For personal use only Valley and Buldania Drilling along strike and beneath high- grade outcropping lithium mineralisation Advanced vanadium project close to established infrastructure ~$5 million in cash and investments will ensure expl
Slide 21: Thank You
THANK YOU For personal use only Directors Share Registry Tim Goyder - Chairman Computershare Investor Services Pty Ltd David Richards - Managing Director Tel: 1300 850 505 Craig Williams - Non-Executive Director Anthony Cipriano - Non-Executive Director For More Information: Investor Relations: Davi
Slide 22: Appendix
For personal use only 22 APPENDIX
Slide 23: Lithium market predicted to grow at ~17%
THE LITHIUM MARKET IS PREDICTED TO GROW AT ~17% AND SUPPLY WILL NEED TO INCREASE 30X WITH 100% EV PENETRATION For personal use only Lithium demand growth (kt LCE) % increase in battery commodity 2017-2025 (Canaccord Genuity) demand from 100% EV penetration Source: UBS Securities, e-volumes.com, Cana
Slide 24: Our People
OUR PEOPLE DAVID RICHARDS CRAIG WILIAMS Managing Director Non-Executive Director For personal use only +35 years experience, former +40 years experience, Chairman Orecorp Managing Director – Glengarry Ltd, co-founder and former CEO – Equinox Resources Minerals TIM GOYDER ANTHONY CIPRIANO Chairman No
Slide 25: Exploration Target Parameters and Assumptions
EXPLORATION TARGET PARAMETERS AND ASSUMPTIONS For personal use only Combined strike length of Based on geological mapping 1,000m target pegmatites and photo imagery Average true width 20 - 35m Based on drilling and mapping Depth extent 175 - 220m As above Approximate SG of fresh Specific gravity (SG
Slide 26: Kathleen Valley RC Drilling Statistics
For personal use only KATHLEEN VALLEY RC DRILLING STATISTICS 26
Slide 27: Kathleen Valley RC Drilling Statistics (Cont.)
For personal use only KATHLEEN VALLEY RC DRILLING STATISTICS (CONT.) 27
Slide 28: Buldania Rock Chip Sampling
For personal use only BULDANIA ROCK CHIP SAMPLING 28
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