 Fort Constantine South Project (copper-gold)
The 100 km² Fort Constantine South Project comprises two tenements, the most prospective area of which is located within 5 kilometres of both Xstrata Plc’s Ernest Henry copper-gold mine and Exco Resources Limited's (Exco) E1 copper-gold deposits.
Liontown Resources has entered into an option agreement with Exco, whereby Exco has the right to earn up to a 70% interest in the project by spending $3.2 million over 4.5 years. Details of the option agreement were announced to ASX on 2 May 2008. A copy of the announcement may be viewed by clicking here. The Project is located in the Eastern Succession of the Mt Isa Inlier, in north-west Queensland, approximately 25 kilometres north east of Cloncurry (Figure 1). 
Figure 1: Fort Constantine South Project - regional location plan
Previous work focusing on magnetic anomalism developed in EPM10601 has intersected strong alteration and anomalous copper mineralisation in drilling at several prospects. Targets have been defined, including areas of known copper anomalism requiring further work, untested magnetic anomalies (shown in Figure 2), structural targets associated with jogs in meridional structures similar to the control on Ernest Henry, and gravity targets identifying possible hematite related alteration systems. 
Figure 2: Fort Constantine South Project - exploration targets over total magnetic intensity
Exploration activity at the Fort Constantine South Project will seek to test these targets, including further geophysical work and drilling programs. The information in this report that relates to Exploration Results is based on information compiled by Dr Doug Jones, a full-time employee and Director of Liontown Resources Limited, who is a Member of the Australian Institute of Mining and Metallurgy and is a Registered Professional Geologist. Dr Jones has sufficient experience in the field of activity being reported to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves, and consents to the release of information in the form and context in which it appears here.
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