Liontown Limited · ASX:LTR

Liontown — Liontown Resources — Shareholder Meeting (November 2017)

26 slides from Liontown's shareholder meeting presentation, Nov 28, 2017

  1. Slide 1: Exploring and developing a new generation of battery-related metal projects

    For personal use only Exploring and developing a new generation of battery-related metal projects Focussing on projects with strong development potential in Australia AGM Presentation 28th November 2017 ASX: LTR

  2. Slide 2: Disclaimer

    Disclaimer For personal use only 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 intersects strong lithium and tantalum mineralisation in maid

  3. Slide 3: Overview: Exciting portfolio of projects exposed to the transforming lithium market

    OVERVIEW Exciting portfolio of projects with exposure to the transforming For personal use only lithium market; expected to grow at 17% p.a. 100% of lithium rights for 2 highly prospective projects with short to mid term resource potential close to established infrastructure: 1 Kathleen Valley (WA)

  4. Slide 4: Lithium market expected to grow ~17% p.a.

    OVERVIEW The lithium market is expected to grow at ~17% p.a. and would need to increase 30x with 100% EV penetration For personal use only CG lithium demand growth 2017e-2025e % increase in battery commodity demand from 100% EV penetration Lithium 2,898% 870 Cobalt 1,928% 740 Rare earths 655% +17% p

  5. Slide 5: Vanadium is a new comer to the battery-metals space

    OVERVIEW Vanadium is a new comer to the battery-metals space in the For personal use only emerging large scale energy storage industry Vanadium price (weekly), US$/lb 12  Use and price underpinned by steel industry (~92% of current usage) 11 10  Use in steel predicted to grow at 6% p.a. 9  Emergi

  6. Slide 6: Simple strategy - acquire early stage battery metal projects

    OVERVIEW Simple strategy - acquire early stage battery metal projects in good locations and rapidly demonstrate exploration upside For personal use only and resource potential Acquire Explore Develop Grade • 1 – 1.5% Li2O* Tonnage • 10 – 20 million tonnes* Metallurgy • Spodumene • Established transp

  7. Slide 7: Lithium peers demonstrate favourable resource valuations

    OVERVIEW LTRs lithium peers demonstrate the current favourable For personal use only resource valuations even for modest size deposits Hard rock lithium peers market capitalisation (A$M) 1,636 680 744 620 542 446 270 184 26 32 84 Liontown Core Birimian Tawana Critical AVZ Kidman Nemaska Altura Mt Ca

  8. Slide 8: Invest to gain exposure to multiple near term resource definition opportunities

    OVERVIEW Invest to gain exposure to multiple near term resource For personal use only definition opportunities in rapidly growing battery metal market  Simple strategy – acquire, explore and develop according to the 4 key parameters 1. Grade 2. Tonnage 3. Metallurgy 4. Infrastructure  Lithium mark

  9. Slide 9: 1. Kathleen Valley Lithium Project (WA)

    For personal use only 1. Kathleen Valley Lithium Project (WA) ASX: LTR

  10. Slide 10: Kathleen Valley: spodumene pegmatite swarm with high grade Li2O

    1. KATHLEEN VALLEY (WA) Large spodumene bearing pegmatite swarm with high grade For personal use only Li2O surface assays and promising initial drilling  Up to 3.9% Li2O and 381ppm Ta2O5 assays from surface sampling  Intersections from initial drilling program include:  58m @ 1.2% Li2O from 135m

  11. Slide 11: Kathleen Valley – further drilling scheduled Q1 2018

    1. KATHLEEN VALLEY (WA) Kathleen Valley – further drilling scheduled to commence Q1 For personal use only 2018  Designed to test a combined strike length of ~1km  Drill targets coincident with high grade, outcropping lithium mineralisation  Phase 1 scheduled to commenced January/February 2018 dep

  12. Slide 12: Drilling has demonstrated a thick pegmatite with high grade Li2O

    1. KATHLEEN VALLEY (WA) Drilling has demonstrated a thick pegmatite with high grade For personal use only Li2O close to established infrastructure Highlights  Multiple pegmatites up to 30m thick  High grade, fresh from surface  Open along strike and at depth  Close to modern transport, energy an

  13. Slide 13: 2. Buldania Lithium Project (WA)

    For personal use only 2. Buldania Lithium Project (WA) ASX: LTR

  14. Slide 14: Buldania has large spodumene bearing pegmatites

    1. BULDANIA (WA) Buldania has large spodumene bearing pegmatites with high For personal use only grade Li2O in rock chip samples  Pegmatite swarm defined over 1.5 x 0.7km area  Individual pegmatites up to 500m long and 100m wide mapped at surface by previous explorers  Rock chip sampling results

  15. Slide 15: Initial rock chip sampling shows widespread lithium mineralisation

    1. BULDANIA (WA) Initial rock chip sampling demonstrates widespread, For personal use only spodumene related lithium mineralisation  Numerous spodumene occurrences within a 1.5km x 0.7km  Mineralisation fresh from surface  Drilling scheduled for Q1 2018 (conditional on heritage and statutory clea

  16. Slide 16: Strategic land holding and lack of previous lithium exploration

    2. BULDANIA (WA) Strategic land holding, prospective stratigraphy and lack of previous lithium exploration provide significant upside For personal use only  No previous exploration for lithium  Strategic land holding includes the 377km2 Norcott Project* located 4km to the south and along strike of

  17. Slide 17: 3. RJC Vanadium Project (QLD)

    For personal use only 3. RJC Vanadium Project (QLD) ASX: LTR

  18. Slide 18: RJC Vanadium Project: strategic land position with excellent infrastructure

    3. RJC VANADIUM The RJC Vanadium Project is a strategic land position covering For personal use only known resources and with excellent infrastructure access  Low cost exposure to important energy–storage metal  Project adjoins and partially includes previously defined vanadium resources  Close t

  19. Slide 19: Conclusions

    OVERVIEW Conclusions For personal use only  Liontown is focussing on battery metals  Outstanding lithium projects at Kathleen Valley and Buldania – outcropping, high grade mineralisation  Drilling scheduled early 2018  Advanced vanadium project close to established infrastructure  ~$5.5million

  20. Slide 20: Thank you / Contacts

    For personal use only Thank you Contacts +61 8 9322 7431 David Richards (Managing Director) www.ltresources.com.au Tim Goyder (Chairman) info@ltresources.com.au ASX: LTR

  21. Slide 21: Appendix

    For personal use only Appendix ASX: LTR

  22. Slide 22: Corporate Overview

    APPENDIX Corporate Overview For personal use only ASX Code LTR Board of Directors TIM GOYDER – Chairman Shares on Issue ~990M +40 years experience, MD – Chalice Gold, Chairman – Uranium Equities DAVID RICHARDS – Managing Director Market Capitalisation $25M (at ~2.5 cps) +35 years experience, former

  23. Slide 23: Exploration Target Parameters and Assumptions

    APPENDIX Exploration Target Parameters and Assumptions For personal use only Kathleen Valley Combined strike length of target Based on geological mapping and photo 1,000m pegmatites imagery Average true width 20 - 35m Based on drilling and mapping Depth extent 175 - 220m As above Approximate SG of f

  24. Slide 24: Kathleen Valley RC Drilling

    APPENDIX Kathleen Valley RC Drilling For personal use only Significant Li2O (>0.5%) and Ta2O5 (>50ppm) results Hole_ID East North RL Dip Azimuth Depth (m) From(m) To(m) Interval(m) Li2O (%) Ta2O5 (ppm) 3 6 3 1 122 KVRC0001 258306 6958744 500 -60 45 65 10 11 1 1.1 85 16 17 1 1.1 94 0 13 13 1.6 114 in

  25. Slide 25: Kathleen Valley RC Drilling (continued)

    APPENDIX Kathleen Valley RC Drilling (continued) For personal use only Significant Li2O (>0.5%) and Ta2O5 (>50ppm) results Hole_ID East North RL Dip Azimuth Depth (m) From(m) To(m) Interval(m) Li2O (%) Ta2O5 (ppm) 83 85 2 1.1 211 KVRC0010 258593 6959527 500 -50 225 130 91 92 1 1.4 239 100 106 6 1.2

  26. Slide 26: Buldania Rock Chip Sampling

    APPENDIX Buldania Rock Chip Sampling For personal use only SampleID GDA94_East GDA94_North Li2O_pct Ta2O5_ppm Cs_ppm Nb_ppm Rb_ppm Sn_ppm 202133 414031 6451617 0.15 456 162 145 2370 90 202134 414019 6451638 0.09 96 123 68 1330 34 202135 414017 6451664 0.55 134 289 82 4960 34 202136 414030 6451686 0.

Liontown Resources — Shareholder Meeting (November 2017) on 6ix