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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 6/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-6-2019: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Kathleen Valley deposit at the Kathleen Valley project. Drilling results incl. 83m @ 1.5% Li2O, 106ppm Ta2O5 from 223m. Liontown Resources Limited (ASX: LTR, “Liont | |
| 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 all assays have been received for the recently completed resource expansion drilling program at its 100%-owned Kathleen Valley Lithium-Tantalum Project in WA. The latest assays (see Appendix 1 for full listing of drill statistics) include several new wide, high-grade lithium intercepts and are consistent with previous results which indicate that the shallow-dipping Kathleen’s Corner pegmatites are merging with the Mt Mann pegmatites at depth to form a continuous, 35-75m thick, moderately dipping pegmatite body. Mineralisation remains open to the north-west and down-dip and has now been defined over a strike length of at least 1,000m and to depth of 400m below surface (Figures 1 and 2). Independent resource consultants, Optiro Pty Ltd, have received all the relevant data and are preparing an updated MRE, which is scheduled for completion in early July 2019. Optiro prepared the maiden MRE published in 2018, which will assist in the timely processing of data and completion of a new resource estimate. | |
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