Growth and Upside from Imminent Lithium and Gold Exploration New - PDF document

ASX : LTR ABN 39 118 153 825 ASX ANNOUNCEMENT Growth and Upside from Imminent Lithium and Gold Exploration – New Investor Presentation Liontown Resources Limited (ASX: LTR) is pleased to attach a copy of its latest investor presentation “Growth and Upside from Imminent Lithium and Gold Exploration”. The presentation focuses on the Company’s unfolding exploration plans at the rapidly emerging Bynoe Lithium Project, located ~40km south of Darwin in the Northern Territory, and the newly acquired Kathleen Valley Lithium Project in Western Australia. Key highlights of the presentation include:  The Company’s plans to commence follow -up drilling in September at the Bynoe Project, where initial drilling intersected thick spodumene-mineralised zones;  An update on initial exploration activities at the Kathleen Valley Lithium Project, where validation of historic high grade lithium and tantalum values has been undertaken; and  An overview of the Company’s Jubilee Reef gold project in Tanzania, East Africa, where a review of the existing gold mineral resource is underway in conjunction with new exploration targets. DAVID RICHARDS Managing Director 29 August 2016

Growth and upside from imminent lithium & gold exploration • Emerging Australian lithium discovery at Bynoe in the Northern Territory – drilling imminent • Jubilee Reef gold project in Tanzania – review of existing resource and new targets underway ASX: LTR August 2016

Disclaimer Competent Person’s Statement and Disclaimer: • The Information in this report that relates to the Exploration Results for the Kathleen Valley Project is extracted from the ASX announcement entitled “ Liontown enters into agreement for the acquisition of highly prospective WA lithium- tantalum project from Ramelius Resources” released on the 4 th August 2016 and which is available on www.ltresources.com.au. • 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 announc ement 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 not been materially mo dified 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. www.ltresources.com.au 2

Company Snapshot • Two emerging Australian lithium projects – Bynoe (NT), Kathleen Valley (WA) • Thick spodumene-mineralised zones intersected in initial drilling at Bynoe – follow up drilling imminent. • Excellent potential to define a significant lithium resource <50km from a major port (Darwin) • Initial exploration activities underway at Kathleen Valley Lithium Project (WA) • Large-scale pegmatite system identified with outstanding surface grades – drilling planned later this year • Significant strategic position in Tanzania’s +50Moz Lake Victoria Goldfield – Jubilee Reef Project Strongly leveraged to • Review of existing 390,000oz Inferred Mineral resource and new exploration exploration success targets underway in lithium and gold – market cap of just • Substantial upside and growth potential from aggressive exploration ~$12M programs between now and the end of the year www.ltresources.com.au 3

Corporate Overview Board of Directors Corporate Details TIM GOYDER – Chairman ASX Code LTR +30 years experience, MD – Chalice Gold, Chairman – Uranium Equities Shares on Issue ~700M DAVID RICHARDS – Managing Director +30 years experience, former Managing Director – Glengarry Market Capitalisation $12M (at ~1.7cps) Resources Major Shareholders Tim Goyder – 27% CRAIG WILLIAMS – Non-Executive Director Lujeta – 7% +30 years experience, co-founder and former CEO – Equinox M. Fotios – 5% Minerals G. Kluck – 5% ANTHONY CIPRIANO – Non-Executive Director Top 20 Shareholders 64% 28 years experience, former partner at Deloitte www.ltresources.com.au 4

Key Projects Bynoe Lithium Project (NT, Australia) • Previous Greenbushes owned tin-tantalum mining centre • Extensive pegmatite field located <50km from Darwin • Thick widths of >1% Li 2 O (spodumene-related) mineralisation intersected in maiden drilling program Kathleen Valley (WA, Australia) • Multiple outcropping spodumene-bearing pegmatites • High grade lithium (up to 3.9% Li 2 O) and tantalum (up to 493ppm Ta 2 O 5 ) values at surface • No previous drill testing – potential to delineate very large system Jubilee Reef Gold Project (Tanzania) • Located in the heart of the +50Moz Lake Victoria Goldfield, near major deposits such as Bulyanhulu, Geita and Nyanzaga (Orecorp). • ~390,000oz Inferred Mineral resource with significant growth potential • Multiple promising targets along 7.5km long gold mineralized trend www.ltresources.com.au 5

Bynoe Lithium Project – A New Lithium Discovery • 88km 2 tenement package • Covers central part of historic Bynoe mining field • Good infrastructure – <50km from Darwin Port • Maiden drilling program completed July 2016 – confirmed thick zones of spodumene-related lithium mineralisation • Li 2 O values of >1% intersected at 6 of the 10 initial targets ( Appendix 1 ), with best results including: >1% Li 2 O • 42m @ 1.0% Li 2 O from 93m (LBRC014) • 24m @ 1.1% Li 2 O from 70m (LBRC015) • All mineralised zones open at depth and along strike • More than 50 pegmatite targets yet to be tested SANDRAS • Follow-up drilling scheduled for September 2016 Bynoe: imminent drilling and news flow www.ltresources.com.au 6

Bynoe Lithium Project – Sandras Prospect Good widths – open at depth and • Defined over 300m length, up to 40m thick - along strike open along strike • Part of 2.4km long pegmatite trend www.ltresources.com.au 7

Bynoe Lithium Project – Outstanding Upside Talwest Pegmatite-Drilled Up to 30m thick pegmatite with Li 2 O values Pegmatite-Undrilled up to 2.2% >1% Li 2 O Sandras Multiple untested pegmatites; significant exploration upside www.ltresources.com.au 8

Bynoe Lithium Project – Next Steps • Results from maiden drilling program provide ‘ proof of concept’ for widespread spodumene-related lithium mineralisation at Bynoe • >4,000m follow-up RC drill program to commence September 2016 • Key objective is to extend existing >1% Li 2 O intersections • >60 pegmatites documented on LTR tenure • Review of broader project area to be conducted to identify other pegmatites that warrant drill testing • Potential to delineate a maiden JORC resource in the near term Strategic land position with multiple lithium prospective pegmatites www.ltresources.com.au 9

Key Projects Bynoe Lithium Project (NT, Australia) • Previously owned by Greenbushes • Extensive pegmatite field located <50km from Darwin • Thick widths of >1% Li 2 O (spodumene-related) mineralisation intersected in maiden drilling program Kathleen Valley (WA, Australia) • Multiple spodumene-bearing pegmatites exposed at surface • High grade lithium (up to 3.9% Li 2 O) and tantalum (up to 493ppm Ta 2 O 5 ) values at surface • No previous drill testing – potential to delineate very large system Jubilee Reef Gold Project (Tanzania) • Located in the heart of the +50Moz Lake Victoria Goldfield, near major deposits such as Bulyanhulu, Geita and Nyanzaga (Orecorp). • ~390,000oz Inferred Mineral resource with significant growth potential • Multiple promising targets along 7.5km long gold mineralized trend www.ltresources.com.au 10