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Liontown Resources Ltd.
Summary
| Project: | Buldania | |
|---|---|---|
| Deposit: | Buldania | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 11/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2019: Liontown Resources Ltd. announces a Resource Estimation report for its Buldania deposit at the Buldania project. Initial mineral resource estimate for project. Liontown Resources Limited (ASX: LTR – “Liontown” or “the Company”) is pleased to ad | |
| Resources: | (Resource, I+I): 14.9Mt @ 0.97% Li2O, 44ppm Ta2O5 | |
| CP/QP: | [Resources]: Christine Standing (Optiro Pty Ltd.) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR – “Liontown” or “the Company”) is pleased to advise that it has taken a further step towards its objective of developing a portfolio of high-quality Australian lithium assets with the announcement of a maiden Mineral Resource Estimate (MRE) for its 100%- owned Buldania Lithium Project, located in Western Australia’s Eastern Goldfields, 600km east of Perth and 200km south of Kalgoorlie (Figure 1). The Indicated and Inferred Mineral Resource, which was prepared by independent specialist resource and mining consulting group Optiro Pty Ltd (“Optiro”), comprises 14.9Mt @ 0.97% Li2O and 44ppm Ta2O5 and is set out in Table 1 below. The Mineral Resource estimate is reported and classified in accordance with the guidelines of the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code; 2012). Liontown Managing Director David Richards said the maiden Mineral Resource confirmed Buldania as a significant new greenfields lithium-tantalum discovery with substantial growth potential. “The resource remains open and offers significant growth potential within an emerging district that is almost completely unexplored for lithium mineralisation,” he said. “The maiden resource for the Anna pegmatite sets a strategic foundation for future exploration in this highly prospective region whilst also complementing our flagship, high-quality resource at Kathleen Valley. “Our focus remains at Kathleen Valley, where a major resource expansion drill program is continuing in parallel with a Pre-Feasibility Study due for completion by the end of this year.” | |
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