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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 9/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 4-9-2018: Liontown Resources Ltd. announces a Resource Estimation report for its Kathleen Valley deposit at the Kathleen Valley project. Initial mineral resource estimate for Kathleen Valley. Liontown Resources Limited (ASX: LTR – “Liontown” or “the Compa | |
| Resources: | (Resource, Total): 21.2Mt @ 1.4% Li2O, 170ppm Ta2O5 | |
| CP/QP: | [Resources]: Christine Standing (Optiro Pty Ltd.) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR – “Liontown” or “the Company”) is pleased to advise that its strategy to build a high-quality portfolio of Australian battery metal assets has taken a major step forward with the announcement of a maiden lithium-tantalum Mineral Resource for its 100%-owned Kathleen Valley Lithium Project, located 670km north-east of Perth, Western Australia (Figure 1). The Measured, Indicated and Inferred Mineral Resource, which was prepared by independent specialist resource and mining consulting group Optiro Pty Ltd (“Optiro”), encompasses the Kathleen’s Corner and Mt Mann deposits and comprises 21.2Mt @ 1.4% Li2O and 170ppm Ta2O5. The Mineral Resource is set out in Table 1 The Mineral Resource estimate is reported and classified in accordance with the guidelines of the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code; 2012). Liontown Managing Director, Mr David Richards, said “the delivery of a maiden Mineral Resource for Kathleen Valley is a major milestone for the Company and provides a strong foundation for its aspiration to develop a suite of Australian battery metal assets.” “The key features of the deposit are its high grade, at 1.4% Li2O, the significant tantalum component, the fact that the mineralisation starts fresh from surface and will likely be amenable to open pit mining, and its location on granted Mining Leases close to established, high quality infrastructure.” “The other encouraging feature of the project is that, based on the preliminary metallurgical results, the deposit comprises predominantly spodumene-hosted lithium mineralisation which is likely to be amenable to conventional processing.” “All of these positive characteristics, combined with the fact that we are confident the resource will continue to grow with further drilling, make Kathleen Valley a significant asset for Liontown – which we believe will become the cornerstone of our strategy to develop a high-quality battery metals business.” | |
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