Liontown Resources |

A Tier-1 lithium deposit
Mineral Resource Estimate (MRE) of 139Mt @ 1.3% Li₂O and 140ppm Ta₂O₅
Latest results have defined a high-grade +3% Li₂O zone, including multiple individual metres grading >5% Li₂O.
An updated MRE is scheduled for March / April 2020 and will include these high-grade results, and both open pit and underground resources.
This is anticipated to deliver the best outcome for the Definitive Feasibility Study (DFS) which will commence shortly.
Liontown is now focussed on maximising the multiple growth opportunities to enhance the project’s economics.
Kathleen Valley is the only uncommitted, globally significant hard rock, lithium (spodumene) resource in Australia.
Located on granted Mining Leases in an established, well-serviced mining district close to existing infrastructure.
100%-owned Project.

Anna pegmatite confirmed as significant new, West Australian lithium discovery with a Maiden Indicated and Inferred Mineral Resource Estimate (MRE):
- 14.9Mt @ 0.97% Li₂O and 44ppm Ta₂O₅ (see Table 1 for cut-offs applied)
- 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).
Large, prospective 330km² area in a lithium-rich province, close to good infrastructure.
100%-owned project

Maiden JORC Inferred Mineral Resource estimate - ~84Mt @ 0.30% V₂O₅
The resource remains open and an additional Exploration Target of 100 – 110Mt at an average grade of 0.28% to 0.32% V₂O₅has been estimated.
Wholly owned, ~1,000km² area adjoining Intermin’s Lilyvale vanadium resource.

A TIER-1 LITHIUM DEPOSIT