DE VE L OPING AN AUST RAL IAN L IT HIUM BUSINE SS ASX : L - PowerPoint PPT Presentation

DE VE L OPING AN AUST RAL IAN L IT HIUM BUSINE SS ASX : L T R |Aug ust 2019

I mpo rta nt I nfo rma tio n F or war d L ooking State me nts T he I nfo rma tio n in this re po rt tha t re la te s to E xplo ra tio n Re sults fo r the Ka thle e n Va lle y T his Pre se nta tio n ma y inc lude sta te me nts tha t c o uld b e de e me d “fo r wa rd-lo o king Pro je c t is e xtra c te d fro m the ASX a nno unc e me nts “L a te st drilling e xte nds thic k, hig h- sta te me nts”. Altho ug h the Co mpa ny b e lie ve s the e xpe c ta tio ns e xpre sse d in suc h g ra de zo ne a t Ka thle e n Va lle y furthe r no rth a s stro ng a ssa y re sults c o ntinue ”, fo rwa rd-lo o king sta te me nts a re b a se d o n re a so na b le a ssumptio ns, suc h sta te me nts “Spe c ta c ula r inte rc e pt o f 90m @ 1.3% L i 2 O a t Ka thle e n Va lle y” a nd “Wo rk c o mme nc e s a re no t g ua ra nte e s o f future pe rfo rma nc e a nd a c tua l re sults o r de ve lo pme nts ma y o n Ka thle e n Va lle y Re so urc e upda te a s drilling c o ntinue s to de live r wide , hig h g ra de diffe r ma te ria lly fro m tho se e xpe c te d in the fo r wa rd-lo o king sta te me nts o r no t ta ke lithium re sults” a nd “F urthe r spe c ta c ula r drill inte rc e pts re turne d fro m K a thle e n Va lle y” pla c e a t a ll. re le a se d o n the 9th Ma y 2019, 20th Ma y 2019, 3rd June 2019 a nd 24 th June 2019 No offe rto se ll or invitation to buy re spe c tive ly whic h a re a va ila b le o n www.ltre so urc e s.c o m.a u. T his Pre se nta tio n is no t, a nd sho uld no t b e c o nside re d to , c o nstitute a ny o ffe r to se ll, o r so lic ita tio n o f a n o ffe r to b uy, a ny se c uritie s in L io nto wn Re so urc e s L imite d, a nd no pa rt T he I nfo rma tio n in this pre se nta tio n tha t re la te s to the E xplo ra tio n Re sults fo r the o f this Pre se nta tio n fo rms the b a sis o f a ny c o ntra c t o r c o mmitme nt wha tso e ve r with Bulda nia Pro je c t is e xtra c te d fro m the ASX a nno unc e me nts e ntitle d “Mo re stro ng a ny pe rso n. L io nto wn Re so urc e s L imite d do e s no t a c c e pt a ny lia b ility to a ny pe rso n in a ssa ys c o nfirm sig nific a nt lithium disc o ve ry a t Bulda nia Pro je c t in WA”, “L io nto wn re la tio n to the distrib utio n o r po sse ssio n o f this Pre se nta tio n fro m o r in a ny jurisdic tio n. c o nfirms se c o nd sig nific a nt lithium disc o ve ry in WA with ne w thic k, hig h-g ra de hits a t Bulda nia ”, “ Outsta nding ne w drilling re sults c o ntinue to e xpa nd lithium mine ra lisa tio n a t Disc laime r Bulda nia ”, “L io nto wn furthe r e xpa nds pro spe c tive lithium fo o tprint a t Bulda nia in WA’ s Whilst c a re ha s b e e n e xe rc ise d in pre pa ring a nd pre se nting this Pre se nta tio n, to the So uth-E a ste rn Go ldfie lds”, “L a te st a ssa ys c o nfirm lithium mine ra lisa tio n o ve r >1.3km ma ximum e xte nt pe rmitte d b y la w, L io nto wn Re so urc e s L imite d a nd its re pre se nta tive s: strike le ng th a t the Bulda nia L ithium Pro je c t in WA”, “L io nto wn e xpa nds lithium fo o tprint a t Bulda nia in WA’ s So uth-E a ste rn Go ldfie lds”, “I nitia l a ssa ys e xte nd mine ra lise d tre nd • ma ke no re pre se nta tio n, wa rra nty o r unde rta king , e xpre ss o r implie d, a s to the a t Bulda nia ” a nd “F urthe r thic k lithium inte rc e pts fro m drilling a t Bulda nia ” re le a se d o n a de q ua c y, a c c ura c y, c o mple te ne ss o r re a so na b le ne ss o f this Pre se nta tio n; the 26 th Ma rc h 2018, 19 th Se pte mb e r 2018, 1 st No ve mb e r 2018, 13 th No ve mb e r 2018, 20 th • a c c e pt no re spo nsib ility o r lia b ility a s to the a de q ua c y, a c c ura c y, c o mple te ne ss o r No ve mb e r 2018, 14 th Ma rc h 2019, 22 nd July 2019 a nd 29 th July 2019 re spe c tive ly whic h re a so na b le ne ss o f this Pre se nta tio n; a nd a re a va ila b le o n www.ltre so urc e s.c o m.a u. • a c c e pt no re spo nsib ility fo r a ny e rro rs o r o missio ns fro m this Pre se nta tio n. Compe te nt Pe r son State me nt T he Co mpa ny c o nfirms tha t it is no t a wa re o f a ny ne w info rma tio n o r da ta tha t ma te ria lly a ffe c ts the info rma tio n inc lude d in the o rig ina l ma rke t a nno unc e me nts a nd T he I nfo rma tio n in this re po rt tha t re la te s to Mine ra l Re so urc e s fo r the Ka thle e n Va lle y tha t a ll ma te ria l a ssumptio ns a nd te c hnic a l pa ra me te rs unde rpinning the e stima te s in Pro je c t is e xtra c te d fro m the ASX a nno unc e me nt “Ka thle e n Va lle y L ithium Re so urc e the re le va nt ma rke t a nno unc e me nts c o ntinue to a pply a nd ha ve no t ma te ria lly i 2 O” re le a se d o n the 9 th July 2019 whic h is a va ila b le o n jumps 353% to 74.9Mt @ 1.3% L c ha ng e d. T he c o mpa ny c o nfirms tha t the fo rm a nd c o nte xt in whic h the Co mpe te nt www.ltre so urc e s.c o m.a u. Pe rso n’ s finding s a re pre se nte d ha ve no t b e e n ma te ria lly mo difie d fro m the o rig ina l ma rke t a nno unc e me nts. T he I nfo rma tio n in this re po rt tha t re la te s to Me ta llurg y fo r the Ka thle e n Va lle y Pro je c t is e xtra c te d fro m the ASX a nno unc e me nt “Hig hly e nc o ura g ing re sults fro m initia l me ta llurg ic a l te st wo rk a t the Ka thle e n Va lle y L ithium-T a nta lum Pro je c t, WA” a nd “Ka thle e n Va lle y L ithium Re so urc e jumps 353% to 74.9Mt @ 1.3% L i 2 O” re le a se d o n the 12 th No ve mb e r 2018 a nd 9 th July 2019 re spe c tive ly whic h a re a va ila b le o n www.ltre so urc e s.c o m.a u. T he I nfo rma tio n in this re po rt tha t re la te s to the Sc o ping Study fo r the Ka thle e n Va lle y Pro je c t is e xtra c te d fro m the ASX a nno unc e me nt “Ka thle e n Va lle y Sc o ping Study c o nfirms po te ntia l fo r ro b ust ne w WA lithium mine de ve lo pme nt” re le a se d o n the 29 th Ja nua ry 2019 whic h is a va ila b le o n www.ltre so urc e s.c o m.a u. 2

A Ne xt Ge ne ra tio n • We ste rn Austra lia L ithium Pro duc e r L o w Risk • Gra nte d Mining L e a se s • We ll funde d Kathle e n Valle y L ithium Pr oje c t • E sta b lishe d mining re g io n L o c a tio n • Mo de rn infra struc ture • K a thle e n Va lle y – 5 th b ig g e st re so urc e in Qua lity Austra lia KALGOORLIE • 83% M&I PERTH • 100% Owne rship • No third pa rty o b lig a tio ns (e xc luding ro ya ltie s) Buldania L ithium Pr oje c t • K a thle e n Va lle y PF S Q4 2019 Go ing • Ma ide n MRE a t Bulda nia Oc t 2019 F o rwa rd • E xplo ra tio n upside 3

T he Undisputa b le Rise o f E le c tric Ve hic le s “L ithium: T he Ir r e plac e able E le me nt of the E le c tr ic E r a” VOL K SWAGE N GROUP, Ma rc h 19 “Auto c ompanie s ar e spe nding $225 billion to de ve lop mor e than 200 ne w plug-in ve hic le s thr ough 2023” WAL L ST RE E T JOURNAL , Aug ust 19 “T he r e is no sign of slowing down...by 2040, we e xpe c t 57% of all passe nge r ve hic le sale s, and ove r 30% of the global passe nge r ve hic le fle e t, will be e le c tr ic .” E L E CT RI C VE HI CL E OUT L OOK , E L E CT RIC CHARGING ST AT IONS IN GE RMANY 2019 BL OOMBE RG NE F , June 19 T o yo ta ta rg e t to 2010: Just a fe w tho usa nd E V’ s so ld se ll 5.5millio n E V’ s a ye a r b y 2025 2018: +2 millio n so ld (June 19) 2025: 10 millio n sa le s fo re c a st Vo lkswa g e n BMW pla ns to c o mmit to b uild ha ve 25 E V 2030: 28 millio n sa le s fo re c a st 22 millio n E V’ s Vo lvo sa ys E V’ s mo de ls in 2023 2040: 56 millio n sa le s fo re c a st a c ro ss 70 ne w will ma ke up to (June 19) mo de ls b y 2028 50% o f its sa le s b y (Blo o mb e rg NE F , June 19) (Ma rc h 19) 2025 (April 18)

BE NCHMARK MI NE RAL F ORE CAST S: “Glo b a l Ge o po litic s: T he ra c e fo r c le a n a ir…” Global polic y state me nt by gove r nme nts suppor ting E V adoption (Be nc hmar k Mine r al Inte llige nc e – lithium for e c ast May 2019) NORWAY + NE T HE RL ANDS CANADA 2 1 Pro po sa l to e nd ICE sa le s b y 2035. T a rg e t o f 30% pe ne tra tio n o f e le c tric many b y 2030. Co nsid e ra tio ns fo r E U Ge r ve hic le s sa le s b y 2030 Que b e c ta rg e ting wid e b a n 2030 100% ze ro e missio ns b y 2050 CHINA 4 T a rg e t o f 5% UK + F RANCE 3 pe ne tra tio n o f Pro po sa l to e nd e le c tric ve hic le sa le s ICE sa le s b y 2040 b y 2020. 20% b y 2025. BRAZIL 5 INDI A 5 T a rg e t o f 30% Pro po sa l to e nd pe ne tra tio n o f e le c tric ICE sa le s b y ve hic le sa le s b y 2030 2030. 5

KAT HL E E N VAL L E Y L IT HIUM PROJE CT PERTH

Pro je c t Ove rvie w JUL Y 2019 RE SOURCE 2 PF S sc he dule d fo r c o mple tio n Q4 2019 74.9Mt @ 1.3% L i 2 O and 140ppm T a 2 O 5 1 83% Me a sure d a nd I ndic a te d 353% inc re a se o n ma ide n 2018 MRE 3 Conve ntional mining and pr oc e ssing T e st wor k c onfir ms ~6% DMS spodume ne 4 c onc e ntr ate – fe asibility-le ve l te st wor k ongoing Sc o ping Study (Ja nua ry 2019) o n ma ide n 5 MRE c o nfirms po te ntia l fo r sta nda lo ne mining o pe ra tio n Kathle e n Valle y L ithium Proje c t Re so urc e is o pe n a lo ng strike a nd a t 6 de pth 7