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Liontown Resources Ltd.

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Summary

Project:

Kathleen Valley

Deposit:Kathleen Valley
Location:Australia
Commodities:Lithium-Tantalum
Date:2/13/2020
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:13-2-2020: Liontown Resources Ltd. announces a Resource Estimation report for its Kathleen Valley deposit at the Kathleen Valley project. Updated mineral resource estimate. Liontown Resources Limited (ASX: LTR – “Liontown” or “the Company”) is pleased to
Resources:(Resource, Total): 139Mt @ 1.3% Li2O, 140ppm 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 continues to build momentum towards its objective of developing a high-quality, long-life lithium-tantalum mining operation in Western Australia with the announcement of a further substantial increase in the Mineral Resource for its 100%-owned Kathleen Valley Lithium Project, located 670km north-east of Perth (Figure 1). The Measured, Indicated and Inferred Mineral Resource, which was prepared by independent specialist resource and mining consulting group Optiro Pty Ltd (“Optiro”), comprises 139Mt at an average grade of 1.3% Li2O and 140ppm Ta2O5 and is set out in Table 1. Liontown is investigating both open pit and underground mining methods. 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.

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