The Kathleen Valley Project represents a potential high-grade lithium discovery located in a well-established mining region.
There are currently two high-grade lithium prospects – Mt Mann and Kathleen’s Corner where strong zones of shallow, high-grade lithium mineralisation has been returned from the recently completed RC drilling. Planning is now underway for infill and extensional drilling over both prospects, including diamond core holes.
The Kathleen Valley Project is 680km north-east of Perth, Western Australia, in close proximity to modern transport, energy and camp infrastructure with the main prospects located on granted mining leases.
Figure 1: Kathleen Valley Project – Location, tenure and regional geology plan
Liontown has recorded strong zones of shallow, high-grade lithium mineralisation in assays from a recently completed 21-hole, 2,688m RC drilling program. The 2018 drilling program is off to a strong start with all holes drilled to date intersecting significant widths of mineralised pegmatite.
Drilling was designed to test both the Mt Mann and Kathleen’s Corner targets, where previous rock chip sampling and limited drilling recorded fresh, high-grade (>1.5% Li2O), spodumene-related mineralisation in multiple pegmatites.
For the latest results and figures please see ASX Announcement ‘Growing Resource potential as significant high-grade lithium mineralisation confirmed at second prospect at Kathleen Valley, WA’ - 26th February 2018.
The Kathleen Valley Project is located on the western edge of the Mt Keith- Perseverance Greenstone Belt which comprises part of the much larger Norseman-Wiluna Belt within the Archaean Yilgarn Craton of southern Western Australia.
The project contains a historically documented spodumene-bearing pegmatite swarm extending over an area of 3.5km by 1km. While previous workers recorded anomalous lithium and spodumene from the swarm, which is obscured to the north by transported cover, there had been no drill testing prior to Liontown acquiring the Project.
The Kathleen Valley Lithium Project comprises four Mining Leases (MLs) and one Exploration Licence (EL). The MLs and rights to pegmatite hosted rare-metal mineralisation were acquired from Ramelius Resources Limited via a Sales Agreement completed in 2016. The MLs have been transferred to LRL (Aust) Pty Ltd, a wholly owned subsidiary of Liontown Resources Limited (LTR); however, Ramelius retains the rights to gold.
Ramelius acquired the Kathleen Valley Project MLs in June 2014 from Xstrata Nickel Operations Pty Ltd (Xstrata). Xstrata retains rights to any nickel discovered over the land package via an Offtake and Clawback Agreement.
LRL (Aust) Pty Ltd has assumed the following Agreement:
The EL is in the name of Liontown Resources Limited (LTR) with no third party obligations apart from statutory requirements.
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