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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 6/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-6-2019: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Kathleen Valley deposit at the Kathleen Valley project. Drilling results incl. 45m @ 1.7% Li2O from 236m. Liontown Resources Limited (ASX: LTR, “Liontown” or “Compan | |
| 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 work has commenced on an updated Mineral Resource Estimate for its 100%-owned Kathleen Valley LithiumTantalum Project in WA as the ongoing resource expansion drilling program continues to deliver outstanding results. 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, combined with geological logging of recently completed drill-holes, indicate that the shallow-dipping Kathleen’s Corner pegmatites are merging with the Mt Mann pegmatites at depth to form a thick (>30m), moderately dipping pegmatite body (Figure 2). 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. Encouragingly, assays are pending for a number of holes which have intersected individual pegmatites more than 50m thick down-dip of previously reported high-grade intercepts. The resource expansion drill program is largely complete with final assays due by the third week of June 2019. Independent resource consultants, Optiro Pty Ltd, have commenced work on 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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