Buldania Project

HIGHLIGHTS

  • 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).
     

OPPORTUNITY

The Buldania Project is Liontown’s second hard-rock lithium project in Western Australia, located in the southern part of the Eastern Goldfields Province - a region which also hosts the Mt Marion and Bald Hill lithium mines (Figure 1).  

The Buldania Project is a highly prospective land package close to major road and rail infrastructure, with direct links to the Port of Esperance, critical to the mining and production of bulk commodities such as spodumene concentrates.  The Project is located approximately 600km east of Perth and 200km north of the regional port of Esperance.


Figure 1: Buldania Project – Location, tenure and regional geology plan

ANNA DEPOSIT - MAIDEN MINERAL RESOURCE ESTIMATE

The Indicated and Inferred Mineral Resource, which was prepared by independent specialist resource and mining consulting group Optiro Pty Ltd, comprises 14.9Mt @ 0.97% Li2O and 44ppm Ta2O5 and is set out in Table 1 below:

Table 1: Anna Deposit, Buldania Project – Mineral Resource as at October 2019

The Mineral Resource estimate is reported and classified in accordance with the guidelines of the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code; 2012).

View the Mineral Resource Estimate here: https://www.ltresources.com.au/sites/default/files/asx-announcements/6954150.pdf

At the Anna deposit eight mineralised pegmatites (Figure 2) have been identified that are sub-horizontal in the northwest (dips of 0° to -10°) and which steepen in the southeast (dips of up to -65° to the west and to the east).  The mineralised pegmatites have been drilled over an area of 1,300 m by 380 m and to a depth of 300 m.  The individual mineralised pegmatites are up to 35 m thick and have an average thickness of 4m to 9m and a combined average thickness of 26 m.

Figure 2: Anna Deposit – 3D view (looking northeast) of drill holes and mineralised pegmatites

Figure 3: Drill rig operating at the Buldania Project in August 2018.

For further information please see our Investor Presentation and ASX Announcements.

 

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