Liontown Resources |

A world-class lithium deposit with a Mineral Resource Estimate (MRE) of 156Mt @ 1.4% Li₂O and 130ppm Ta₂O₅(released May 2020).
80% of the MRE is Measured and Indicated.
An updated Pre-Feasibility Study (PFS) for which results were announced in early October 2020 outlines stronger economics for the project compared with the December 2019 PFS.
The updated PFS estimates the project’s NPV at $1.12b (previously $507m), IRR at 37% (previously 25%), LOM free cash flow of $4.8b (previously $1.9b) with development capital costs at $325m.
Liontown is currently progressing a Definitive Feasibility Study (DFS) on Kathleen Valley.
Kathleen Valley is the only independent, globally significant, spodumene-related, hard rock, lithium resource in Australia.
The Project is 100%-owned and largely located on granted Mining Leases in an established, well-serviced mining district close to existing infrastructure.

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
- 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