Liontown Limited · ASX:LTR
Liontown — Liontown Resources — 2007 RIU Sydney Resources Round-up
36 slides from Liontown's conference presentation, May 9, 2007
Slide 1: 2007 RIU Sydney Resources Round-up
ao 2007 RIU Sydney Resources Round-up Lidntown RESOURCES LIMITED. 9 May 2007 A copy of today’s presentation to the 2007 RIU Sydney Resources land Queenslani Round-up is attached. >» Mt Windsor Volcanics Project ie Se South This presentation can also be found on the Company’s website at www. ltresour
Slide 2: Hunting for Success
Li6ntown RESOURCES LIMITED Hunting for Success
Slide 3: Disclaimer
Disclaimer The material uged in this presentation is intended to be a summary of operational and geological activities that are current and proposed, based on the information available to Liontown Resources Limited as at 8 May 2007. This presentation may contain value references and “forward looking
Slide 4: A Growth Agenda...
A Growth Agenda... » Listed on ASX - 27 December 2006 » Objectives > Fast track from drilling to production at Llontown > Test other projects @ 26 targets at Mount Windsor Volcanics (2n, Pb, Cu, Ag, Au) ® & targets at Cowan (nickel) @ 9 targets at Fort Constantine South (copper - gold) > Add new opp
Slide 5: Experienced Board...
sot HEEL Experienced Board... Tim Goyder ~ Chairman @ 30 years resource industry experience, previously owner of Grimwood Davies drilling @ Also a director of Uranium Equities Limited and Chalice Gold Mines Limited Andrew Bantock ~— Managing Director @ 15 years public company experience ~ commercial
Slide 6: Craig Williams and Tony Kiernan - Non-Executive Directors
Craig Willams ~ Non-Executive Director @ Geologist with over 30 years experience in mineral exploration and developrnent @ (Managing Director of Equinox Minerals Limited (ASX/TSX: EQN), non-executive director of Alturas Winerals Corporation (TSX: ALT) Tony Kiernan ~ Non-Executive Director @ 30 years
Slide 7: Major shareholders
ajor shareholders » Tim Goyder Resolute Limited « Equinox Resources - Acorn Capital ye)
Slide 8: Achieved since ASX listing (December 2006)
Achieved since ASX listing (December 2006) » Commenced drilling 22 January 2007 oe <n m 16 holes, 3,621m of drilling completed » Results received for first 9 holes » 2 rigs on site, one double shift
Slide 9: Targets to Achieve - 2007
Targets to Achieve — 2007 » JORC resource at Liontown » Drill test priority targets > Mount Windsor Regional (Zn, Pb, Cu, Ag, Au) - Gowan Nickel Fort Constantine South (copper-gold) » Add new projects
Slide 10: Liontown Exploration Target
Liontown Exploration Target 7% zinc, 2.8% lead, 0.7% copper, 56 git silve 8% zine equivalent cutolf to ) 6.8% zinc, 2.2% lead, 0.6% copper, 45.7 git silve : 3% zinc equivalent cutoff i rellects previous exploratio O82 VOB Ro Tere Esso Greal Vin ee mes
Slide 11: Liontown Exploration Target - Peer Comparison
Liontown Exploration Target ~ Peer Comparison BS So 2n + Pb Grade (%) a = i—J LIONTOWN Bubble Size = Conta Million tonnes
Slide 12: ye Lo
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Slide 13: i _. Ue _. yy yy Lo Ue | Ly LD - Lo y
i _. Ue _. yy yy Lo Ue | Ly LD - Lo y 7 _. oe 4 CC _ Vy . yy, 7 _ CL Gon . Ay _ Ly . ve 7 2 Lo f i A ah . . | — LF a i a CC A LS 7. 7 > a LO a a Le 2 yy TU Le _ ae Ly 7 Ly . ay , yy 7) Le Lo Wy 7 8 _ SS yy ie yy 7 . . / . y Ua _ 7 Ly . | yy We By i ie 7 . ye Wy . . LL . iy y Le, a 7 D Lo Lo Wa _ _ |
Slide 14: dm @ 9.3% Zn, | :
Ai Hy is Mi Ey dm @ 9.3% Zn, | : 16% Cu, 3%Pb, " Ls Highway Reward Ag & D.agit Au | — ad 27 Mt @ 5.6% Cu z y / : _ & 0.28q,/t Au a, 5 i Pajingo Gold Mine LS i be SS MozAu || Teserment outlines @ Major deposit me Excision
Slide 15: Mount Windsor Volcanics
AON OGRE © Charters Towers dsor Volcanics nana © ae : el y es Foe : a a . . 2 { en Mount Leyston (®) Thalanga d ‘ G all Highway Reward Ms yy Kee SS a “Doha on 5: | Galilee Basin Litholagias © Prospect J ut Windy Waris EZe] Other & Major deposit H Excisions "iti, Ble of sire
Slide 16: Garrington Lode cross section
gel Grose fecan HODMOME MGA,» ~ GARRINGTON LODE a | GE HeOHOE toss Section “ise See ci OSE Campaspe & Qualemany cover Dacke Volanae brew Sand, sill & shale Projected lode horas Oe ndsor Volcanics i] MAUR N ee
Slide 17: Metal Accumulation in Zn Equivalent
cro0002 LYB0O0S t Meta, Accumulation in 2n Equivalant yO metre Bs O30 metre 2 1-45) maive Me tS meine Sy Smeg @ Uortown dating programe pleroe pons Higlonical devhole pianse point én Equivalent = 20% + 2.26 © C0u% SOLED v PbS + DOE x Ag get OOF 2 Aut gt Math» True wuts
Slide 18: Mount Windsor Volcanics
ndsor Volcanics S089, 0.51%Cu, Magitag, 45%, recqvary, assays are not representative of the interval avalon
Slide 19: Metal Accumulation
Weta! Agcumulat ay ateaiord 28) metre AUB ete in dn A bieegh F295 Bn, 3 Pi, Gti, G8 Spin Be, 16-40 mated | S15 maine sO mere Uorduan daving gre @ Seeroe POET ia @ Helorcal devhole pl én Equiaiond = 20%, + SOLED x PbS + DOE OG? x Ait at want | Siege 10.06 Bn, 23 A, 01% Cur | 8 deal 6.9% Zn, 2986. 6.2
Slide 20: Mount Windsor Volcanics
Tiling 86% Zn, 206 Pb, 6% Cu, Li igit ag, digit Au ‘2th 7.854 Zn, 2.0% Bb, 0.69% Cu, Fgh Ag, he tglt Aa dsor Volcanics Doge
Slide 21: Mount Windsor Volcanics
dsor Volcanics Tan 6.85 20, LOT 3 aiGégi Ag, 448g AD aa 4G EST, Bn, 0.7% Ph, 048K Cu, fi Minerafised barizan | ‘Sinica intercept
Slide 22: Metal Accumulation
Metal Accumulation in dn Equivalent Ea 280 metre TA 40-00 metre % 15-80 mate 4, 5.16 metre <6 metre % @ Lortows drilling programe pierce poinis ® Historical dillbole pierce point in Equivalent = Zang + 2.28 ¢ Cut +060 9 Poi + LONG x Ag git + GGT x Ageget Mid & Trai want HEGCD ndsor Volcanics I AOE:
Slide 23: Liontown Drilling Summary
ay Grose fecan HODMOME MGA,» | TE ~GARRINGTON LODE a toss Section We Campaspe & Qualemary cover Oacite Voustie breschs Projected lode Sand, sill & shale horicone dsor Volcanics Liontown Drilling — Summary » ‘16 holes drilled @® Results received for $ holes
Slide 24: Mount Windsor Volcanics geology
Pelaic tobusives Roligton Range Formation Fronper Crek Formalion: Unpmer Unit Mite Uni Lawer Uni hatWindsoe Veicanics —— Faulis GB Provty Peagpents Oakvale érePb-Oa Tigertown Ashe and fn-P bly ndsor Volcanics Liontowr : Zn-Pb-CuAgeAu
Slide 25: Mount Windsor Volcanics
dsor Volcanics 10S 42g Ag 4 3.05 @ 3.194 Ag, | 267 Ogi Ag [4.8m @ 1.994 Au] No assays : ? Anomalous zone (0.25 aft Au) 2 |ineluding 8.0m @) 42g Au, 56.4git Ag |, 25.0 @ 2.Gg/t Au, 36-99/ Ag including 3.0m @ 2. ?git Au, 148.59 Ag 41.0m @ 1.7gil Au, 146.3git Ag a atm @ 4.694 Au, 48 0g" Ag
Slide 26: Forthcoming regional work
Grarviaid Inrusion [] Mi Windsor Voleanies Charters Towers ay Gallag Basin Lthologies [R=] Other t Volcanics Forthcoming regional work » VTEM m» (P’Ground TEM » Drilling
Slide 27: Cowan Nickel
“Cowan Nickel mi i a ag in Gy a
Slide 28: Cowan Nickel
‘Cowan Nickel Coronet Endowment 21,0O0L contained ME bi Erich sel iting Beta (Endowment saben) ~ sy Neel ee wtth 20,8001 contained oO hel pattgoenta Mt Edwards | Mincor Mines: | Endowenasts over | TE0001 contained Mi
Slide 29: Cowan Nickel
‘Cowan Nickel . idgie 3 - a Tunerion| | SouTH ee : [2] Santen pT RE Ee Robieniotetinaniary | Se ERE HBR erpetet erwin ne Faia sine ‘Bates.
Slide 30: Cowan Nickel targets
Hlgagersseuliie: Cooper Mire Prigeity Target One Target Three. Target Twn oN me se Cowan Nickel Matis Velcanics & Histor: Mire - z — Mapped Komatlie Historie Cel ts EP Trane o8 Conductor alhetal Comey - . o Aker SOS ~~ ihneseind Kemnatilte
Slide 31: Cowan Nickel
‘Cowan Nickel Cowan potential ®» 180 strike kilometres of komatites » &defined TEM anomalies al Binaronca, Neptune and Junction South and » Ground TEM program — 37 Kilometres of high priority komatites EMR ORN ES oe
Slide 32: Rucklands Group Copper Project
| Rucklands Group Copper Project Hereporiad cnaer Prelamenn quate Poptemunic Malsering: - eminent sequences: Cratnage
Slide 33: Fort Constantine South
ese Herspered ener Prelamenn quate erlawaznt Velertn: - sediment sampences: & Hine a Pre Gage ae oe Tes | Errvest Heruy| é Mite nstantine South MS 6 Beat Copper Gold eae
Slide 34: Fort Constantine South
nstantine South
Slide 35: Fort Constantine South
ese Herspered ener Prelamenn quate went Velverdrs: - sediment sampences: Constantine South Fort Constantine South » Delined targets include known copper anomalism in drlling and untested magnetic anomalies
Slide 36: Highlights
Highlights Ly 7) m Drill ready targets across 3 base : ~ ra 4 metals projects i _ a , 5 eaye . de yi resource drilling at Liontown planned a | i Ly 7 ay _ _ Oa; Ly 7 i Ly Lo _ Va | — _ ye . | caps . Dy a >)” CC 7. ph Drilling of TEM anomalies at Cowan _. _ . — — 4% Y a | 7 4 Q yD 7 y Nickel project
Liontown Resources — 2007 RIU Sydney Resources Round-up on 6ix