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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 3/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-3-2019: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Kathleen Valley deposit at the Kathleen Valley project. Drilling results incl. 19m @ 1.6% Li2O from 215m. Liontown Resources Limited (ASX: LTR, “Liontown” or “Compa | |
| Resources: | (Resource, Total): 21.2Mt @ 1.4% Li2O, 170ppm Ta2O5 | |
| CP/QP: | [Overall Report]: David Richards (Internal) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR, “Liontown” or “Company”) is pleased to advise that it has made a strong start to the recently commenced resource expansion drilling program at its 100%-owned Kathleen Valley Lithium-Tantalum Project in WA, with initial assays delivering a series of thick, highgrade intercepts well beyond the current resource boundaries. The drilling program, which commenced in February 2019, will comprise 16,000 – 20,000m of Reverse Circulation (RC) drilling. It follows on from a recent Scoping Study, which indicated: The current drill program is expected to take another 2-3 months to complete and is designed to increase both the size of, and confidence in, the existing MRE by drilling immediately along strike, down-dip and between previous intersections. Liontown is targeting an additional 8.5 – 16Mt @ 1.2 – 1.5% Li2O* which, if successfully converted to JORC compliant Mineral Resources, will significantly increase the potential mine life. (*The potential grade and tonnage of the Exploration Target referred to above is conceptual in nature and there has been insufficient exploration to estimate an increased Mineral Resource. It is uncertain if further exploration will result in the estimation of an increased Mineral Resource. See Appendix 2 for full explanation of the assumptions used to estimate ranges.) Since drilling re-commenced in February 2019, a further 50 RC holes have been drilled, including five reentries, for 7,882m. This brings the total amount of drilling completed by Liontown at Kathleen Valley to 239 holes for 31,055m, comprising 197 RC holes for 26,493m and 42 diamond core holes for 4,562m. | |
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