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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 10/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-10-2019: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Kathleen Valley deposit at the Kathleen Valley project. Drilling results incl. 29m @ 1.3% Li2O, 171ppm Ta2O5 from 256m. Liontown Resources Limited (ASX: LTR, “Liont | |
| Resources: | (Resource, Total): 74.9Mt @ 1.3% Li2O, 140ppm Ta2O5 | |
| CP/QP: | [Overall Report]: David Richards (Internal) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR, “Liontown” or “Company”) is pleased to advise that it has made a strong start to the recently commenced 15,000m resource expansion drilling program at its 100%-owned Kathleen Valley Lithium-Tantalum Project in WA with results from the initial holes extending the mineralised system up to 400m to the north-west. The current drilling program is designed to test for a resource extension Exploration Target of 25 – 50Mt @ 1.2 – 1.5% Li2O, which was defined based on testing for extensions of the current Mineral Resource estimate from the limits of previous drill data to a vertical depth of ~500m below surface. This Exploration Target is in addition the current 74.9Mt MRE. (The potential grade and tonnage of the Exploration Target is conceptual in nature and there has been insufficient exploration to estimate an expanded Mineral Resource. It is uncertain if further exploration will result in the estimation of an expanded Mineral Resource. See Table 1 for full explanation of assumptions used to estimate ranges.) The latest assays (see Appendix 1 for full listing of drill statistics) confirm the north-western extension of high-grade mineralisation beneath shallow soil cover (Figures 1 and 2) and are interpreted to be up-dip and along strike of a thick (up to 75m) feeder zone partially defined to the south and formed by the coalescence of multiple, outcropping pegmatites at depth to form a continuous, moderately dipping pegmatite body (Figure 3). | |
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