Figure 1: Kathleen Valley Project – Location plan, interpreted bedrock geology, tenure and mapped pegmatite swarms
For all significant drilling results and statistics please see ASX Announcement ‘Final assays expand Kathleen Valley lithium deposit ahead of maiden Resource' - 6th August 2018.
Figure 2: Kathleen Valley– 3D views of the drill holes and mineralised pegmatites coloured by domain code (top - side view, looking north-west, bottom - looking west) 2x vertical exaggeration
The Kathleen Valley Lithium Project is located on the western edge of the Norseman-Wiluna Belt within the Archaean Yilgarn Craton approximately 400km north of Kalgoorlie. The lithium mineralisation is hosted within spodumene-bearing pegmatites, which are part of a series of LCT-type rare metal pegmatites that intrude mafic and sedimentary rocks in the region.
Eighteen mineralised pegmatites have been identified hosted by two pegmatite swarms – Kathleen’s Corner and Mt Mann (Figure 2).
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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