Liontown Limited · ASX:LTR
Liontown — Liontown Resources — Investor Presentation (February 2020)
25 slides from Liontown's investor presentation, Feb 17, 2020
Slide 1: Kathleen Valley Lithium Tantalum Project
KATHLEEN VALLEY LITHIUM For personal use only TANTALUM PROJECT BIGGER RESOURCE MORE OPPORTUNITIES ASX : LTR |17 FEBRUARY 2020
Slide 2: Important Information
Important Information For personal use only Forward Looking Statements This Presentation may include statements that could be deemed “forward-looking statements”. The Information in this report that relates to Exploration Results for the Kathleen Valley Project Although the Company believes the expe
Slide 3: Project Overview
Project Overview Updated • 139Mt @ 1.33% Li2O & 140ppm Ta2O5 Kathleen Valley Lithium Project Resource • 86% increase (Feb 2020) • Open For personal use only Robust • PFS completed on July 2019 Resource Economics o 50Mt Reserve (Dec 2019) o >25year mine life o LoM Free Cash +$1.9B KALGOORLIE Signific
Slide 4: Hard Rock Lithium Operations and Advanced Projects
Hard Rock Lithium Operations and Advanced Projects A globally significant lithium resource For personal use only Refer to Appendix on Slide 21 for Peer Comparison Information including Resource Classifications FEBRUARY 2020 | 4
Slide 5: February 2020 Resource Update – 139Mt @ 1.33% Li2O and 140ppm Ta2O5
February 2020 Resource Update – 139Mt @ 1.33% Li2O and 140ppm Ta2O5 For personal use only Feb 2020 MRE Infill drill program scheduled for completion late Feb 2020 July 2019 MRE (5 rigs onsite) Further Resource update scheduled for late March/early April 2020 FEBRUARY 2020 | 5
Slide 6: February 2020 MRE – Open along strike and at depth
February 2020 MRE – Open along strike and at depth W 1200m E Cut-off Resource Million Ta2O5 Li2O% Li2O% Category Tonnes (ppm) For personal use only Measured 19 1.3 150 0.55 Indicated 61 1.3 140 400m Inferred 59 1.3 130 Total 139 1.3 140 Cut-off Li2O% Mt Li2O% Ta2O5 (ppm) 0.4 139 1.3 139 Looking nort
Slide 7: December 2019 PFS Key Metrics | Open Pit / Lithium Only
December 2019 PFS Key Metrics | Open Pit / Lithium Only A$ For personal use only SC6.1: Mining: Reserve: Life of Mine Total Free Cash 295Ktpa 2Mtpa 50Mt @ 1.2% Li2O 26 years Flow +$1.9B NPV1 $507M IRR 25.1% Payback Period ~4 YEARS Opex2 $564/t conc. (excl. Ta credits) (US$406/t conc.) Ave. Strip Rat
Slide 8: Production aligned to meet the forecast rise in lithium demand
Production aligned to meet the forecast rise in The indisputable rise of lithium demand lithium batteries gathers pace Million Tonnes January 2020: For personal use only China extends subsidies on EV’s EU rules begin – heavily penalising carmakers on CO2 emissions. The excess emissions bill equals £
Slide 9: Metallurgy And Flowsheet
Metallurgy And Flowsheet Key Outcomes For personal use only • 6.1% Li2O concentrate • Predicted 76% recovery of Li2O • Chemical grade specifications achievable FEBRUARY 2020| 9
Slide 10: The Opportunities – Size and Grade
The Opportunities – Size and Grade New, larger MRE will underpin the E W DFS and maximise the opportunity For personal use only to enhance financial returns Investigate optimal underground/ 1 open pit interface • Thicker (up to 70m TW) and high grade (>1.5%) at depth: 31m @ 1.8% Li2O (TW 31m) 13.1m
Slide 11: The Opportunities – Thick and high grade at depth
The Opportunites – Thick and high grade at depth N S For personal use only 33.7m @ 2.0% Li2O 53m @ 1.7% Li2O 55m @ 1.7% Li2O 34m @ 1.7% Li2O 39.4m @ 1.7% Li2O 31m @ 1.8% Li2O 36.8m @ 1.7% Li2O 13m @ 3.1% Li2O 25m @ 1.5% Li2O 83m @ 1.5% Li2O 45m @ 1.7% Li2O 39.9m @ 1.7% Li2O 500m Feb 2020 MRE July 20
Slide 12: ……….and Continuity
……….and Continuity N 1700m S For personal use only 400m Assays Pending W 1200m E Looking East 400m February 2020 Block Model Mineralised pegmatite (<1.5% Li2O) 1.5 – 2.0% Li2O >2.0% Li2O Looking North Assays Pending FEBRUARY 2020| 12
Slide 13: The Opportunities – Longevity and Infrastructure
The Opportunities – Longevity and Infrastructure 2 Process Improvements For personal use only • Systematic and thorough approach • Investigate whole-ore flotation v conventional DMS/Flotation process • Develop tantalum flow sheet 3 Downstream Potential • Long life operation with potential to attract
Slide 14: Location
Location Well serviced and highly active mining region For personal use only Mt Keith Major Ni & Au Goldfields Mines Highway Kathleen Valley Bellevue Sealed Town of Airstrips Leinster Leinster Agnew Leinster Town Power Natural Gas FEBRUARY 2020| 14
Slide 15: Low Risk
Low Risk The only uncommitted, “Tier 1”, hard rock, lithium (spodumene) For personal use only resource in Australia • Low sovereign risk • 100% owned • Granted mining leases • Established mining region • Simple geology • Well funded • Early studies indicate: o Good quality water o Low environmental
Slide 16: Major Milestones
Major Milestones Consistent delivery of results with targets met or exceeded For personal use only INTERIM MRE MAIDEN MRE UPGRADED MRE UPGRADE 21.2Mt @ 1.4% Li2O 74.9Mt @ 1.3% Li2O 139Mt @ 1.3% Li2O MRE (DFS) and 170ppm Ta2O5 and 140ppm Ta2O5 and 140ppm Ta2O5 UPGRADE SEP 18 JAN 19 JUL 19 DEC 19 FEB
Slide 17: Investment Case
Investment Case Size and grade of Kathleen Valley provide multiple opportunities to enhance financial returns For personal use only 139Mt resource >25 year mine life Simple, predictable Existing, modern geology infrastructure Strategic PFS demonstrates development timeline robust project economics R
Slide 18: Leadership and Key Financials
Leadership and Key Financials For personal use only David Richards Tim Goyder Craig Williams Anthony Cipriano Steven Chadwick Managing Director Chairman Non-Executive Director Non-Executive Director Non-Executive Director • +35 years • +40 years • +40 years • +30 years • +40 years • Discovered multi
Slide 19: Thank You
For personal use only THANK YOU For more information visit www.ltresources.com.au FEBRUARY 2020| 19
Slide 20: Appendix: Kathleen Valley Project Mineral Resource Information
For personal use only APPENDIX 1 Kathleen Valley Project Mineral Resource Information FEBRUARY 2020| 20
Slide 21: Peer Comparison Information – Mineral Resource Estimates
Peer Comparison Information – Mineral Resource Estimates Measured Indicated Inferred Global MRE MRE Company Project Stage Information Source Mt Mt Mt Mt Grade Liontown Kathleen ASX Announcement, 13 Feb 2020- For personal use only Development 19 61 59 139 1.33 https://www.ltresources.com.au Resources
Slide 22: Appendix: Buldania Lithium Project
For personal use only APPENDIX 2 Buldania Lithium Project (Liontown 100%) FEBRUARY 2020| 22
Slide 23: Project Overview
Project Overview Significant lithium discovery Buldania is Located in a 1 Outcropping, fresh, spodumene- For personal use only Lithium-Rich Mineral Province related mineralisation Mineralisation at Anna extends to the SE 2 under shallow cover – strike length >1.4km and open Similar geology to the Mt
Slide 24: Resource
Resource Maiden Mineral Resource Estimate 14.9Mt @ 1.0% Li2O For personal use only The completion of the MRE complements flagship Kathleen Valley Lithium Project 24
Slide 25: For personal use only
For personal use only Level 2, 1292 Hay St West Perth WA 6005 +61 8 9322 7431 info@ltresources.com.au www.ltresources.com.au @LiontownRes liontown-resources-limited
Liontown Resources — Investor Presentation (February 2020) on 6ix