Liontown Limited · ASX:LTR
Liontown — Liontown Resources — Investor Presentation (August 2016)
25 slides from Liontown's investor presentation, August 2016
Slide 1: Growth and upside from imminent lithium & gold exploration
Growth and upside from imminent lithium & gold exploration • Emerging Australian lithium discovery at Bynoe in the Northern Territory – drilling imminent • Jubilee Reef gold project in Tanzania – review of existing resource and new targets underway ASX: LTR August 2016
Slide 2: Disclaimer
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 the ASX announcement entitled “Liontown enters into agreement for the acquisition of highly prospective WA lithium-tantal
Slide 3: Company Snapshot
Company Snapshot • Two emerging Australian lithium projects – Bynoe (NT), Kathleen Valley (WA) • Thick spodumene-mineralised zones intersected in initial drilling at Bynoe – follow up drilling imminent. • Excellent potential to define a significant lithium resource <50km from a major port (Darwin) •
Slide 4: Corporate Overview
Corporate Overview Corporate Details Board of Directors TIM GOYDER –Chairman ASX Code LTR +30 years experience, MD – Chalice Gold, Chairman – Uranium Equities Shares on Issue ~700M DAVID RICHARDS – Managing Director Market Capitalisation $12M (at ~1.7cps) +30 years experience, former Managing Direct
Slide 5: Key Projects
Key Projects Bynoe Lithium Project (NT, Australia) • Previous Greenbushes owned tin-tantalum mining centre • Extensive pegmatite field located <50km from Darwin • Thick widths of >1% Li2O (spodumene-related) mineralisation intersected in maiden drilling program Kathleen Valley (WA, Australia) • Mult
Slide 6: Bynoe Lithium Project – A New Lithium Discovery
Bynoe Lithium Project – A New Lithium Discovery • 88km2 tenement package • Covers central part of historic Bynoe mining field • Good infrastructure – <50km from Darwin Port • Maiden drilling program completed July 2016 – confirmed thick zones of spodumene-related lithium mineralisation • Li2O values
Slide 7: Bynoe Lithium Project – Sandras Prospect
Bynoe Lithium Project – Sandras Prospect • Defined over 300m length, up to 40m thick - Good widths – open at depth and open along strike along strike • Part of 2.4km long pegmatite trend 7 www.ltresources.com.au
Slide 8: Bynoe Lithium Project – Outstanding Upside
Bynoe Lithium Project – Outstanding Upside Talwest Pegmatite-Drilled Up to 30m thick pegmatite with Pegmatite-Undrilled Li2O values up to 2.2% >1% Li2O Sandras Multiple untested pegmatites; significant exploration upside 8 www.ltresources.com.au
Slide 9: Bynoe Lithium Project – Next Steps
Bynoe Lithium Project – Next Steps • Results from maiden drilling program provide ‘proof of concept’ for widespread spodumene-related lithium mineralisation at Bynoe • >4,000m follow-up RC drill program to commence September 2016 • Key objective is to extend existing >1% Li2O intersections • >60 peg
Slide 10: Key Projects
Key Projects Bynoe Lithium Project (NT, Australia) • Previously owned by Greenbushes • Extensive pegmatite field located <50km from Darwin • Thick widths of >1% Li2O (spodumene-related) mineralisation intersected in maiden drilling program Kathleen Valley (WA, Australia) • Multiple spodumene-bearing
Slide 11: Kathleen Valley Lithium-Tantalum Project
Kathleen Valley Lithium-Tantalum Project • Agreement to acquire 100% of rare metal rights from Ramelius Resources for 25M LTR shares • 77km2 tenement package located 680km NE of Perth, WA – good infrastructure • Large spodumene-bearing pegmatite swarm defined by previous mappers • Previous explorati
Slide 12: Kathleen Valley Lithium-Tantalum Project
Kathleen Valley Lithium-Tantalum Project • Mt Mann Pegmatite – part of 3.5x1km spodumene bearing pegmatite swarm • Multiple high grade lithium and tantalum values recorded from limited rock chip sampling (see Appendix 2) 1.5% Li2O and 493ppm Ta2O5 2.6% Li2O and 249ppm Ta2O5 2.1% Li2O and 295ppm T
Slide 13: Kathleen Valley Lithium-Tantalum Project
Kathleen Valley Lithium-Tantalum Project Good size pegmatites with fresh spodumene at surface – undrilled 13 www.ltresources.com.au
Slide 14: Kathleen Valley Lithium-Tantalum Project
Kathleen Valley Lithium-Tantalum Project • Large untested spodumene- bearing pegmatite field • Good local infrastructure including sealed highways to major ports • Established mining area with granted mining leases • High grade lithium and tantalum mineralisation • Target definition and permitting t
Slide 15: Key Projects
Key Projects Bynoe Lithium Project (NT, Australia) • Previously owned by Greenbushes • Extensive pegmatite field located <50km from Darwin • Thick widths of >1% Li2O (spodumene-related) mineralisation intersected in maiden drilling program Kathleen Valley (WA, Australia) • Multiple spodumene-bearing
Slide 16: Lake Victoria Goldfield – A World-Class Exploration Address
Lake Victoria Goldfield – A World-Class Exploration Address • Granite/greenstone terrain similar to Eastern Goldfields of Western Australia • +50Moz gold endowment • World-class (>10Moz) gold deposits • 17Moz Bulyanhulu, 12.5Moz Geita deposits nearby • Established infrastructure • Underexplored LTR
Slide 17: Jubilee Reef – Inferred Resources (2012 JORC)
Jubilee Reef – Inferred Resources (2012 JORC) Simba deposit Simba – 3D • Inferred Resource: view of 7.4Mt @ 1.4g/t gold for ~320,000oz mineralised lodes (looking NNE) Panapendesa deposit • Inferred Resource: 1.1Mt @ 2g/t gold for ~70,000oz Panapendesa Total JORC 2012 Resources – 3D view of • Inferre
Slide 18: Simba – Large Granite-hosted Gold System
Simba – Large Granite-hosted Gold System • Drill results include: • 21m @ 4.7g/t Au • 23m @ 2.9g/t Au • 54m @ 2.6g/t Au • 29.7m @ 3.2g/t Au • Multiple mineralised zones • Large scale, shallow system • Exploration upside Open along strike and at depth Drill hole plan superimposed on magnetic (tilt)
Slide 19: Jubilee Reef – Next Steps
Jubilee Reef – Next Steps • Targeting extensions to existing resources at Simba and Panapendesa • Targeting undrilled prospects including high grade trench intercepts at Tembo www.ltresources.com.au 19
Slide 20: Other Projects
Other Projects Lake Percy Lithium Project (WA, Australia) • Right to 70% - JV with White Cliff Minerals • Very large pegmatites (3km x 500m) defined by historic nickel exploration • Located in greenstone belt with lithium-bearing pegmatites reported along strike to the south • Strategic setting in s
Slide 21: Key Reasons to Invest in Liontown
Key Reasons to Invest in Liontown High quality, emerging lithium and gold assets in Tier-1 jurisdictions Potential to establish a significant lithium resource at Bynoe <50km from a major port plus a potential “game-changer” at Kathleen Valley Imminent news-flow from Bynoe drilling and Kathleen Valle
Slide 22: Thank you
Contacts Thank you David Richards (Managing Director) Tim Goyder (Chairman) +61 8 9322 7431 www.ltresources.com.au info@ltresources.com.au ASX: LTR
Slide 23: Why Lithium?
Why Lithium? • Supply shortfall due to lithium batteries • Already seen in actual price performance with high prices forecast to continue • An increasingly critical metal Commodity Price (Lithium Carbonate 99% China) 20 14 Source – Goldman Sachs (April 2016) “We estimate demand to more than triple f
Slide 24: Appendix 1: Bynoe RC Drilling
Appendix 1: Bynoe RC Drilling Estimated true widths – to be Significant (>0.5%) Lithium Results * confirmed by further drilling Hole ID Prospect East North RL Dip Azimuth Depth (m) From (m) To (m) Interval (m) Grade (%) BP33 – 33% of down hole LBRC001 694533 8593573 23 -80 125 78 No significant as
Slide 25: Appendix 2: Kathleen Valley Rock Chip Sampling
Appendix 2: Kathleen Valley Rock Chip Sampling Sample_ID East North Li_pct Li20_pct Ta_ppm Ta2O5 Cs_ppm Nb_ppm Rb_ppm Sn_ppm 160614_01a 258766 6959242 0.72 1.55 353 431 102 77 2210 37 160614_01b 258766 6959242 0.37 0.80 156 190 121 69 3980 36 160614_04 258804 6959190 0.7 1.51 404 493 139 56 2360 43
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