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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 12/2/2019 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-12-2019: Liontown Resources Ltd. announces a Pre-Feasibility Study report for its Kathleen Valley deposit at the Kathleen Valley project. PFS results incl. post-tax NPV (8%) of A$507M, IRR of 25%. Liontown Resources Limited (ASX: LTR; “Liontown” or “Com | |
| Resources: | (Reserve, P+P): 50.4Mt @ 1.2% Li2O | |
| CP/QP: | [Overall Report]: Jake Fitzsimons (Orelogy Group Pty Ltd.) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR; “Liontown” or “Company”) is pleased to advise that it has taken a further important step towards its objective of becoming an Australian lithium producer following the completion of a positive Pre-Feasibility Study (PFS) and maiden Ore Reserve for its 100%-owned Kathleen Valley Lithium Project in Western Australia. The robust financial outcomes of the PFS reflect the Project’s scale, grade, product quality and location close to established, modern infrastructure with the Study establishing a strong foundation for further growth, optimisation and project upside. The engagement of highly experienced, independent consultants ensured that the PFS was completed to a high standard. The PFS includes a maiden Ore Reserve of 50.4 Mt @ 1.2% Li2O which will underpin a 2 Mtpa mining and processing operation over a 26-year mine life. The Reserve was based on the updated Mineral Resource Estimate published in July 2019 of 74.9 Mt @ 1.3% Li2O and 140ppm Ta2O5. There is considerable potential to extend the mine life and/or increase the annual production rate with recent results from an ongoing resource expansion drilling program extending thick, high-grade mineralisation at least 400m along strike from the Mineral Resource. It is envisaged that the financial outcomes demonstrated in the PFS will be further enhanced with the inclusion of a tantalum circuit and an optimised mine plan including potential underground operations that would allow early access to high-grade mineralisation and the opportunity to increase production. These will be considered as part of future feasibility studies. | |
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