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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 5/11/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-5-2020: Liontown Resources Ltd. announces a Resource Estimation report for its Kathleen Valley deposit at the Kathleen Valley project. Updated Mineral Resource Estimate for Project. The MRE is reported and classified in accordance with the guidelines o | |
| Resources: | (Resources, Total): 156Mt @ 1.4% Li2O, 130ppm Ta2O5 | |
| CP/QP: | [Resource]: Christine Standing (Optiro Pty Ltd.) | |
| ABSTRACT: | The MRE 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 is investigating both open pit and underground mining methods and the Company has selected a cut-off grade of 0.55% Li2O for resource reporting, which strikes a balance between the potential open pit and underground expected cut-off grades. The updated MRE represents an increase of 108% in tonnes and 119% in contained lithium compared with the Mineral Resource announced in July 2019 which formed the basis of a PFS that was completed in December 2019. The updated MRE comprises 2.1Mt of contained lithium oxide and 44Mlbs of contained tantalite. Using the benchmark Lithium Carbonate Equivalent (LCE) measure, the resource contains 5.3Mt of LCE, underlining its position as one of the few undeveloped, significant lithium projects of scale (Figure 2) being progressed towards development in Australia. | |
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