Liontown Resources |

A world-class lithium deposit with a Mineral Resource Estimate (MRE) of 156Mt @ 1.4% Li₂O and 130ppm Ta₂O₅(released May 2020).
Recently updated Definitive Feasibility Study (DFS) returned exceptional economics, delivering a post-tax NPV₈ of A$4.2Bn and IRR of 57%.
Current resource base supports an initial ~23-year life of mine, with Liontown targeting further expansion.
Significant lithium supply deficits forecast to emerge from 2024, expected to align with start of production at KV.
The 100% owned Project is positioned to become one of very few projects advanced enough to meet demand, with full offtake optionality.

Buldania is strategically located in a lithium-rich mineral province.
Anna pegmatite confirmed as significant new, West Australian lithium discovery with a Maiden Mineral Resource Estimate (MRE):
- 14.9Mt @ 0.97% Li₂O and 44ppm Ta₂O₅
- Containing 144,530t of Li₂O or 372,889t of lithium carbonate equivalent (LCE).
>60% of MRE is classified as indicated.
Mineralised system at Anna has been defined over 1.4km strike and remains open both along strike and at depth.
Second spodumene-bearing pegmatite swarm discovered 5-10km NW of Anna with initial drilling returning up to 6m @ 1.5% Li₂O from 54m.
Similar geology to the Mt Marion and Bald Hill lithium deposits (71Mt and 26Mt respectively).

KATHLEEN VALLEY PROJECT 3D MODEL