ASX : LTR ABN 39 118 153 825 ASX ANNOUNCEMENT August 2016 Investor Presentation Liontown Resources Limited (ASX: LTR) (“Liontown” or the “Company”) is pleased to provide the Company’s latest Investor Presentation as attached. The presentation includes assays for the final 4 holes from drilling at the Bynoe Lithium Project in the Northern Territory (see Appendix 1 in the attached presentation). Significant results were returned from LBRC020 drilled at the Talmina West prospect and include: 2m @ 2.2% Li 2 O from 96m and 4m @ 1.3% Li 2 O from 110m. All other results from the drilling program were released in the ASX announcement titled “ Thick zones of strong lithium mineralisation intersected in maiden drilli ng program at Bynoe Project, NT” dated 26 th July 2016 and can be viewed at www.ltresources.com.au. The remainder of the presentation is based on information previously released to the ASX. DAVID RICHARDS Managing Director 1 August 2016 . Liontown Resources Limited, Level 2, 1292 Hay Street, West Perth, Western Australia 6005 T: +618 9322 7431 F: +618 9322 5800 E: info@ltresources.com.au www.ltresources.com.au
August 2016 Investor Presentation Leveraged exposure to high-grade lithium exploration
Disclaimer Competent Person’s Statement and Disclaimer: • The Information in this report that relates to Exploration Results for the Bynoe Project is based on and fairly represents information and supporting documentation prepared by Mr David Richards, who is a Competent Person and a member of the Australasian Institute of Geoscientists (AIG). Mr Richards is a full-time employee of the company. • The Information in this report that relates to the Exploration Results for the Lake Percy Project is extracted from the ASX announcement entitled “Liontown expands Australian lithium portfolio with joint venture on Lake Percy project in Western Australia” released on the 14 th June 2016 and which is available on www.ltresources.com.au. • The Information in this report that relates to the Exploration Results for the Mohanga Project is extracted from the ASX announcement entitled “Quarterly Activities Report for the period ended 31 st July 2016” released on 21 st July 2016 and which is available on www.ltresources.com.au. • The information in this report which relates to Mineral Resources for the Jubilee Reef Project is is extracted from the ASX announcement entitled “ Liontown Announces Maiden 390,000oz Mineral Resource for the Jubilee Reef Gold Project in Tanzania, East Africa ” released on 30 November 2015 and which is available on www.ltresources.com.au. • The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. The Company confirms that the form and context in which the Competent Person’s findings are presented have no t been materially modified from the original market announcement. • This report contains forward-looking statements which involve a number of risks and uncertainties. These forward looking statements are expressed in good faith and believed to have a reasonable basis. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more of the risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this announcement. No obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments. 2
Corporate Overview Board of Directors ASX Code LTR TIM GOYDER – Non-Executive Chairman Shares on Issue ~697 million +30 years experience, MD – Chalice Gold, Chairman – Uranium Equities Market Capitalisation ~$14 million (at ~2 cps) DAVID RICHARDS – Managing Director +30 years experience, former Managing Director – Glengarry Resources Tim Goyder ~26%, Lujeta ~7%, M. Major Shareholders Fotios ~5%, G. Kluck ~5% CRAIG WILLIAMS – Non-Executive Director Top 20 Shareholders ~64% +30 years experience, co-founder and former CEO – Equinox Minerals ANTHONY CIPRIANO – Non-Executive Director 12 Month Share Price Performance 28 years experience, former partner at Deloitte LEANNE STEVENS – Company Secretary Chartered Accountant with >10 years experience Mission: Acquiring and exploring high-grade lithium projects with the potential to supply the rapidly emerging lithium-ion battery sector 3
Why Lithium? • Supply shortfall due to lithium batteries • Already seen in actual price performance with high prices forecast to continue • An increasingly critical metal Commodity Price (Lithium Carbonate 99% China) 20 14 Source – Goldman Sachs (April 2016) “We estimate demand to more than triple from ~170kmt in 2015 to ~530kmt in 2025, led by lithium ion battery demand 8 growth” Goldman Sachs – April 25 th 2016 Jan 2016 Mar 2015 “Amid a surge in demand for rechargeable batteries, companies are scrambling for supplies of lithium” ( The Economist, 14 January 2016 ) 4
Investment Highlights • Bynoe Lithium Project (Northern Territory) • Significant spodumene-related mineralisation intersected in maiden drilling program Rights to 100% of 88km 2 tenement package near Darwin, >60 rare metal pegmatites identified • • Follow up drilling scheduled for August 2016 • Lake Percy Lithium Project (Western Australia) • Large ( up to 3km by 550m) pegmatites defined by historic Ni exploration • No previous lithium exploration • Mohanga Lithium-Tantalum-Gold Project (Tanzania) • Unexplored greenstone belt with large greenfields pegmatite field • Multiple high grade lithium and tantalum values • Strong gold-in-soils anomalism • Jubilee Reef Gold Project (Tanzania) • Inferred Resource ~ 390,000oz gold • Reviewing additional strategic metals opportunities worldwide Strongly leveraged to exploration success in lithium – market cap of just ~$14M 5
Key Projects Bynoe (NT, Australia) • >60 pegmatites identified • >1% Li 2 O (spodumene-related) mineralisation intersected in first drilling program Lake Percy (WA, Australia) • Very large, unexplored pegmatites • Li occurrences documented along strike Mohanga (Tanzania) • Significant greenfields pegmatite field • Strong lithium, tantalum and gold anomalism Jubilee Reef Project (Tanzania) • Inferred Mineral Resource of 8.5 Mt @ 1.4g/t for ~390,000 ozs gold 6
Bynoe Lithium Project • Acquired in February 2016 • Comprises ~88km 2 tenement package near Darwin, Northern Territory – good infrastructure • Historical work has documented >60 pegmatites within project area • Previous exploration focused on tin and tantalum in weathered material (<20m deep) – lithium assays rare and often ineffective • 10 targets tested by maiden drilling program • >1% Li 2 O values intersected at 6 out 10 prospects • Follow up drilling scheduled for August 2016 Exploration work commenced; potential being unlocked 7
Bynoe Lithium Project • 10 targets tested by maiden drilling program >1% Li 2 O intersected at 6 prospects Anomalous values associated with spodumene • Sandras Part of 1.5 to 2 km long pegmatite trend Up to 40m thick Better intersections include: >1% Li 2 O 42m @ 1.0% Li 2 O from 93m (LBRC014); and 24m @ 1.1% Li 2 O from 70m (LBRC015) Defined over 300m length with strike extensions obscured by transported cover Initial drilling successful; potential confirmed 8
Bynoe Lithium Project/Sandras Good widths – open at depth and along strike 9
Bynoe Lithium Project/Upside Sandra’s Pegmatite Multiple untested pegmatites; significant exploration upside 10
Bynoe Lithium Project Highlights • Liontown’s land position covers central part of Bynoe pegmatite field* • >60 pegmatites documented* on LTR tenure • Initial drilling confirms widespread spodumene related lithium mineralisation • Numerous untested pegmatites • Good infrastructure • Follow up RC drill program (~2,500m) planned for August 2016 * Frater KM, 2005: Tin-tantalum pegmatite mineralisation of the Northern Territory. Northern Territory Geological Survey, Report 16 (Appendix 5) Strategic land position with multiple lithium prospective pegmatites 11
Key Projects Bynoe (NT, Australia) • >60 pegmatites identified • >1% Li 2 O, spodumene-related mineralisation intersected in first drilling program Lake Percy (WA, Australia) • Very large, unexplored pegmatites • Li occurrences documented along strike Mohanga (Tanzania) • Significant greenfields pegmatite field • Strong lithium, tantalum and gold anomalism Jubilee Reef Project (Tanzania) • Inferred Mineral Resource of 8.5 Mt @ 1.4g/t for ~390,000 ozs gold 12
Lake Percy Lithium Project • Right to 70% - JV with White Cliff Minerals • Very large pegmatites defined by historic nickel exploration • Located in greenstone belt with lithium-bearing pegmatites reported along strike to the south • Strategic setting in southern Yilgarn block – host to a number of existing and emerging lithium deposits • Similar geological setting to nearby Forrestania Belt • No previous lithium exploration • Field work to commence immediately Strategic location; large, untested pegmatites 13
Recommend
More recommend
