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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 12/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-12-2019: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Kathleen Valley deposit at the Kathleen Valley project. Drilling results incl. 31m @ 1.8% Li2O, 182ppm Ta2O5 from 215m. Liontown Resources Limited (ASX: LTR, “Lion | |
| Resources: | (Resource); 74.9Mt @ 1.3% Li2O, 140ppm Ta2O5 | |
| CP/QP: | [Overall Report]: David Richards (Internal) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR, “Liontown” or “Company”) is pleased to report further outstanding results from the ongoing resource expansion drilling program at its 100%-owned Kathleen Valley Lithium-Tantalum Project in WA. The latest assay results, which include high-grade intercepts with grades up to 2.9% Li2O over 6m, have confirmed the continuity of the northern part of the Kathleen Valley mineralised system with the southern part of the deposit, where the majority of the current Mineral Resource has been defined. The current drilling program is designed to test for a resource extension Exploration Target of 25 – 50Mt @ 1.2 – 1.5% Li2O, which was defined based on testing for extensions of the current Mineral Resource Estimate from the limits of previous drill data to a vertical depth of ~500m below surface. This Exploration Target is in addition the current 74.9Mt MRE. (The potential grade and tonnage of the Exploration Target is conceptual in nature and there has been insufficient exploration to estimate an expanded Mineral Resource. It is uncertain if further exploration will result in the estimation of an expanded Mineral Resource. See Table 1 for full explanation of assumptions used to estimate ranges.) The results listed in the highlights indicate that the high-grade mineralisation discovered recently (see ASX releases dated 8th October 2019 and 5th November 2019) in the northern part of the Kathleen Valley system is continuous with the current MRE, located 400m to the south (Figures 1 and 2). | |
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