Liontown Limited · ASX:LTR
Liontown — Liontown Resources — Investor Presentation (May 2018)
34 slides from Liontown's investor presentation, May 7, 2018
Slide 1: Australia's New Battery Metal Growth Story: Lithium Discoveries & a Vanadium Resource Opportunity
For personal use only AUSTRALIA'S NEW BATTERY METAL GROWTH STORY: LITHIUM DISCOVERIES & A VANADIUM RESOURCE OPPORTUNITY MAY 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: Liontown is one of the few junior explorers drilling beneath outcropping lithium mineralisation
LIONTOWN IS ONE OF THE For personal use only FEW JUNIOR EXPLORERS DRILLING BENEATH OUTCROPPING, FRESH, SPODUMENE-RELATED LITHIUM MINERALISATION IN AUSTRALIA DISCOVERY THREE HIGH QUALITY, BATTERY-METAL 100% HIGH-GRADE LITHIUM INTERSECTED AT THE KATHLEEN VALLEY AND BULDANIA PROJECTS WHOLLY OWNED (WA)
Slide 4: Projects
PROJECTS TOOLEBUC VANADIUM PROJECT For personal use only Extensive vanadium mineralisation defined KATHLEEN VALLEY by historical drill data LITHIUM PROJECT Wholly-owned, ~1,000km2 area adjoins existing world-class vanadium resources* High-grade lithium mineralisation (>1.5% Li2O) Resource dr
Slide 5: Near Term Objectives 2018
NEAR TERM OBJECTIVES 2018 For personal use only KATHLEEN VALLEY BULDANIA LITHIUM TOOLEBUC VANADIUM LITHIUM PROJECT PROJECT PROJECT Resource definition drilling Test for strike extension of Anna Confirm historic results mineralisation Metallurgical test work Metallurgical test work Comple
Slide 6: Kathleen Valley Lithium Project, Western Australia
For personal use only KATHLEEN VALLEY EMAIL LITHIUM PROJECT info@ltresources.com.au WESTERN AUSTRALIA 6
Slide 7: Growing resource potential with high-grade lithium mineralisation
GROWING RESOURCE POTENTIAL WITH HIGH-GRADE LITHIUM MINERALISATION INTERSECTED CLOSE TO ESTABLISHED INFRASTRUCTURE For personal use only Resource drill program in progress Multiple pegmatites up to 20m thick High grade, fresh from surface Two prospects – Mt Mann and Kathleen’s Corner Open along strik
Slide 8: Shallow high-grade lithium mineralisation defined: Kathleen's Corner
SHALLOW HIGH-GRADE LITHIUM MINERALISATION DEFINED For personal use only KATHLEEN’S CORNER • Multiple, stacked shallowly SW dipping pegmatites • Individually up to 20m thick • >800m strike length • >450m down dip (~125m vertical) • Open in all directions • ~250m from Mt Mann * True thickness 85-95% o
Slide 9: Kathleen's Corner – resource definition and extensional drilling in progress
KATHLEEN’S CORNER – RESOURCE DEFINITION AND EXTENSIONAL DRILLING IN PROGRESS For personal use only Kathleen’s Corner Drill Section 9
Slide 10: Shallow high-grade lithium mineralisation defined: Mt Mann
SHALLOW HIGH-GRADE LITHIUM MINERALISATION DEFINED For personal use only MT MANN • Multiple, stacked moderately SW dipping pegmatites • Individually up to 20m thick • ~650m strike length • Defined to 150m vertical • Open at depth • ~250m from Kathleen’s Corner * True thickness 85-95% of downhole inte
Slide 11: Mt Mann – resource definition drilling in progress
For personal use only MT MANN – RESOURCE DEFINITION DRILLING IN PROGRESS Mt Mann Drill Section 11
Slide 12: Buldania Lithium Project, Western Australia
For personal use only BULDANIA LITHIUM PROJECT WESTERN AUSTRALIA 12
Slide 13: Buldania is strategically located in an emerging lithium district
BULDANIA IS STRATEGICALLY LOCATED IN AN EMERGING LITHIUM DISTRICT For personal use only Maiden RC drilling confirms significant new lithium discovery Results reveal zones more than 50m wide with individual grades up to 2.5% Li2O Similar geological setting to the Mt Marion and Bald Hill lithium depos
Slide 14: Large spodumene-mineralised pegmatite intersected at the Anna prospect
LARGE SPODUMENE-MINERALISED PEGMATITE INTERSECTED AT THE ANNA PROSPECT • Mineralisation fresh from surface and For personal use only open along strike and at depth Latest results include: BDRC0012 25m @ 1.2% Li2O (16m) Incl. 3m @ 2% Li2O (22m) Incl. 5m @ 2% Li2O (27m) BDRC0015 58m @ 1.2% Li2O (39m)
Slide 15: Follow up drilling to target south-east strike extension of Anna pegmatite
FOLLOW UP DRILLING TO TARGET SOUTH-EAST STRIKE EXTENSION OF ANNA PEGMATITE For personal use only ANNA • Thick, shallowly SW dipping pegmatite • Probable strike length >500m with trend open towards southeast beneath shallow cover • Further RC drilling planned to test strike extension • Other targets
Slide 16: Prospective stratigraphy and lack of previous lithium exploration provide upside
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: Toolebuc Vanadium Project, Queensland
For personal use only TOOLEBUC VANADIUM PROJECT QUEENSLAND 17
Slide 18: Initial work confirms outstanding potential for significant vanadium mineralisation
INITIAL WORK CONFIRMS OUTSTANDING POTENTIAL FOR SIGNIFICANT VANADIUM MINERALISATION For personal use only Low cost exposure to emerging energy–storage metal Project adjoins very large vanadium resources defined by previous explorer (Intermin Resources) Includes large areas of outcropping Toolebuc Fo
Slide 19: Extensive vanadium mineralisation defined by historical drill data
EXTENSIVE VANADIUM MINERALISATION DEFINED BY HISTORICAL DRILL DATA For personal use only 19
Slide 20: Extensive vanadium mineralisation defined by historical drill data
EXTENSIVE VANADIUM MINERALISATION DEFINED BY HISTORICAL DRILL DATA For personal use only • Located immediately east of the 671Mt Lilyvale Mineral Resource of Intermin Resources’ (ASX:IRC)* • Mineralised zone defined over an area of 5km x 3km, and remains open to the north and east. • Grades and widt
Slide 21: Vanadium is 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 VANADIUM PRICE ( WEEKLY ), US$/ LB Marked increase in price in 20.00 2017 and tipped to be the ‘metal to watch’ in 20181 18.00 16.00 Use and price underpinned by ste
Slide 22: Liontown Peer Comparison
LIONTOWN PEER COMPARISON For personal use only HARD ROCK LITHIUM PEERS MARKET CAPITALISATION (A$M) 1,550 Liontown has significant upside based on its exploration target of 10-15Mt @ 1-1.5% Li20 664 713 518 178 210 224 25 Liontown Critical Alliance Tawana Nemaska Altura Kidman Pilbara Resources Eleme
Slide 23: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Outstanding lithium Resource drilling program projects at Kathleen in progress at Kathleen Valley and Buldania Valley Advanced vanadium ~$3.5 million in cash and project close to investments will ensure established infrastructure exploration momentum is ma
Slide 24: Contact
CONTACT 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: David
Slide 25: Thank You
For personal use only THANK YOU 25
Slide 26: Appendix
For personal use only 26 APPENDIX
Slide 27: Lithium market predicted to grow at ~17% and supply will need to increase 30x
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 28: Our People
OUR PEOPLE DAVID RICHARDS CRAIG WILLIAMS For personal use only Managing Director Non-Executive Director +35 years experience, former +40 years experience, Chairman Orecorp Ltd, Managing Director – Glengarry co-founder and former CEO – Equinox Resources Minerals TIM GOYDER ANTHONY CIPRIANO Chairman N
Slide 29: Exploration Target Parameters and Assumptions
For personal use only EXPLORATION TARGET PARAMETERS AND ASSUMPTIONS Combined strike length of Based on geological mapping and 1,000m target pegmatites photo imagery Average cumulative true 20 - 35m Based on drilling width Down dip extent 175 - 220m As above Approximate SG of fresh Specific gravity (
Slide 30: Kathleen Valley RC Drilling Statistics
KATHLEEN VALLEY RC DRILLING STATISTICS For personal use only 30
Slide 31: Kathleen Valley RC Drilling Statistics (cont.)
KATHLEEN VALLEY RC DRILLING STATISTICS (CONT.) For personal use only 31
Slide 32: Kathleen Valley RC Drilling Statistics (cont.)
KATHLEEN VALLEY RC DRILLING STATISTICS (CONT.) For personal use only 32
Slide 33: Buldania RC Drilling Statistics
For personal use only BULDANIA RC DRILLING STATISTICS 33
Slide 34: Toolebuc / Lilyvale Extended – Drill Hole Statistics
For personal use only TOOLEBUC / LILYVALE EXTENDED – DRILL HOLE STATISTICS 34
Liontown Resources — Investor Presentation (May 2018) on 6ix