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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 3/30/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-3-2020: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Kathleen Valley deposit at the Kathleen Valley project. Drilling results incl. 15m @ 1.6% Li2O from 31m. Liontown Resources Limited (ASX: LTR, “Liontown” or “Compan | |
| Resources: | (Resource, Total): 139Mt @ 1.3% Li2O, 140ppm Ta2O5 | |
| CP/QP: | [Overall Report]: David Richards (Internal) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR, “Liontown” or “Company”) provides the following update on activities at the 100%-owned Kathleen Valley Lithium-Tantalum Project in WA and its strategic response and forward plan in light of the COVID-19 pandemic. Resource Definition Drilling The Company is pleased to advise that it has now completed resource definition drilling at Kathleen Valley. The most recent drilling follows the announcement of an interim Mineral Resource Estimate (MRE) upgrade of 139Mt @ 1.3% Li2O and 140ppm Ta2O5 which confirmed Kathleen Valley as a Tier-1 hardrock spodumene-lithium resource (see ASX announcement dated 13th February 2020). The latest results continue to demonstrate the continuity of high-grade mineralisation at Kathleen Valley, with the system remaining open both down-dip and along strike to the north-west (Figure 1). An updated MRE will be prepared once all assays are received. Since drilling re-commenced in late August 2019, 52 new RC holes have been drilled, 11 previous RC holes have been extended and 48 new diamond core holes have been drilled for a total of 39,102m. Twelve of the diamond core holes have been drilled for geotechnical purposes. | |
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