OUR FUTURE IS LITHIUM N o v e m b e r 2 0 1 8 A S X : LT R 1 - PowerPoint PPT Presentation

OUR FUTURE IS LITHIUM N o v e m b e r 2 0 1 8 A S X : LT R 1

Important Information Fo Forwar ward Loo ooking State tements ts This Presentation may include statements that could be deemed “forward-looking statements”. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those expected in the forward-looking statements or not take place at all. No No offe ffer to to sell or or in invit itatio ion to to buy uy This Presentation is not, and should not be considered to, constitute any offer to sell, or solicitation of an offer to buy, any securities in Liontown Resources Limited, and no part of this Presentation forms the basis of any contract or commitment whatsoever with any person. Liontown Resources Limited does not accept any liability to any person in relation to the distribution or possession of this Presentation from or in any jurisdiction. Dis isclaim imer Whilst care has been exercised in preparing and presenting this Presentation, to the maximum extent permitted by law, Liontown Resources Limited and its representatives: • make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation; • accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and • accept no responsibility for any errors or omissions from this Presentation. Compet eten ent Per erson on Stateme ment nt The Information in this report that relates to the Exploration Results for the Kathleen Valley Project is extracted from ASX announcements entitled “Shallow high-grade lithium mineralisation intersected in initial Phase 2 drill program at Kathleen Valley, WA”, “Latest assays confirm continuity of shallow high-grade lithium mineralisation at Kathleen Valley, WA”, “Growing resource potential confirmed at Kathleen Valley”, “Kathleen Valley emerging as a significant WA lithium discovery with multiple high-grade pegmatites intersected over an extensive area”, “Liontown on track for maiden lithium Resource at Kathleen Valley as latest assays confirm continuity and strike extensions of high-grade mineralisation” and “Final assays expand Kathleen Valley lithium deposit ahead of maiden Resource” released on the 5 th , 19 th , 26 th February and 7 th and 24 th May 2018 and 2 nd July 2018 and 6 th August 2018 respectively which are available on www.ltresources.com.au. The Information in this report that relates to Mineral Resources for the Kathleen Valley Project is extracted from the ASX announcement “Maiden 21 million tonne released on the 4 th September 2018 which is available on www.ltresources.com.au. The Lithium-Tantalum Mineral Resource sets strong growth foundation for Liontown at Kathleen Valley” Information in this report that relates to Metallurgy for the Kathleen Valley Project is extracted from the ASX announcement “Highly encouraging results from initial metallurgical test work at the Kathleen Valley Lithium-Tantalum Project, WA” released on the 12 th November 2018 which is available on www.ltresources.com.au. The Information in this report that relates to the Exploration Results for the Buldania Project is extracted from the ASX announcements entitled “More strong assays confirm significant lithium discovery at Buldania Project in WA”, “Second significant lithium discovery in WA with new, thick high-grade hits at Buldania”, “Outstanding new drilling results continue to expand lithium mineralisation at Buldania”, “Liontown further expands prospective lithium footprint at Buldania in WA’s South-Eastern Goldfields” and “Latest assays confirm lithium mineralisation over >1.3km strike length at the Buldania Lithium Project in WA” released on the 26 th March 2018, 19 th September 2018, 1 st November 2018,13 th November 2018 and 20 th November 2018 respectively which are available on www.ltresources.com.au. The Information in this report that relates to Exploration Results for the Toolebuc Vanadium Project is extracted from the ASX announcements entitled “Initial fieldwork confirms outstanding potential of Toolebuc Vanadium Project in Queensland” and “Extensive vanadium mineralisation defined by historical data drill at Toolebuc Project, Queensland” released on the 4 th and 23 rd April 2018 which are available on www.ltresources.com.au. The Information in this report that relates to Mineral Resources for the Toolebuc Vanadium Project is extracted from the ASX announcement “Liontown announces maiden 84Mt vanadium resource for Toolebuc Project, NW Queensland” released on the 30 th July 2018 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 announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. Ex Expl plorat ation on by by Othe her Ex Expl plorers This presentation contains information sourced from the reports of Other Explorers. References to the original reports are provided as footnotes where the information is cited in this presentation. The Company does not vouch for the accuracy of these reports. The Company has taken the decision to include this information as it is in the public domain and as assessed it to be of relevance to shareholders and investors. 2

2018 HIGHLIGHTS Kathleen Valley Lithium Project, 1 Eastern Goldfields, Western Australia • Maiden Mineral Resource: 21.2Mt @ 1.4% Li 2 O and 170ppm Ta 2 O 5  Metallurgy confirms saleable concentrate and low iron (<0.5% Fe 2 O 3 )  Scoping study due early Q1 2019 Buldania Lithium Project, 2 Norseman, Western Australia • Liontown’s second lithium discovery up to: KALGOORLIE up to 58m @ 1.2% Li 2 O in drilling 3 • Mineralisation confirmed over a length of >1.3km Toolebuc Vanadium Project, and remains open NW Queensland • Maiden Inferred Mineral Resource estimate:  Maiden resource (Q1 2019) ~84Mt @ 0.30% V 2 O 5 • Excellent exploration potential All projects are either wholly-owned or Liontown has 100% of the relevant mineral rights  Resource extensional drilling Q1 2019 3

KATHLEEN VALLEY LITHIUM PROJECT W E S T E R N A U S T R A L I A 4

A NEW, HIGH-GRADE LITHIUM DISCOVERY IN A TIER-1 MINING REGION >21 Million Tonne Lithium-Tantalum Mineral Resource Cut-off (Li 2 O %) Million Tonnes Li 2 O % Ta 2 O 5 ppm Resource Category Million Tonnes Li 2 O % Ta 2 O 5 ppm 0.3 21.2 1.37 166 Measured 3.2 1.3 190 0.4 21.2 1.37 166 Indicated 12.7 1.4 160 0.5 21.2 1.37 166 Inferred 5.3 1.3 150 0.6 21.2 1.37 166 Total 21.2 1.4 170 0.7 21.0 1.37 166 0.8 20.7 1.38 166 0.9 20.1 1.40 167 1.0 18.9 1.43 167 • 75% Measured and Indicated READY-TO-GO • Metallurgy test results confirm saleable concentrate and low iron (<0.5% Fe 2 O 3 ) • Outcropping • Granted Mining Leases • Excellent transport, energy and camp infrastructure 5

COMPARISON OF GRADE AND TONNAGE Resource Development Production *As at 17 October 2018 (Sourced from company websites) 6

INITIAL METALLURGY CONFIRMS A SALEABLE CONCENTRATE WITH LOW IMPURITIES (<0.5% IRON) Drilling Discovery Development 7

OUTCROPPING HIGH GRADE MINERALISATION ON GRANTED MINING LEASES CLOSE TO ESTABLISHED INFRASTRUCTURE • Two mineralised pegmatite swarms – Kathleen’s Corner and Mt Mann • 18 mineralised pegmatites • Stacked and predominantly shallowly dipping (0-20 0 ) • Individually up to 20m thick Kathleen’s Corner • >1,100m strike length, >800m down dip (~150m vertical) • Open along strike and at depth Mt Mann • ~650m strike length, ~150m vertical • Open at depth Kalgoorlie (~370km) 8

KATHLEEN VALLEY – A LARGE, LITHIUM MINERALISED SYSTEM SW NE M t M a n n K a t h l e e n ’ s C o r n e r N K a t h l e e n ’ s ~150M C o r n e r N o r t h e r n S e c t i o n ~ 1 K M SW NE ~150M 300m Li 2 O M t M a n n >0.5% >1.0% S o u t h e r n S e c t i o n >1.5% ~ 1 K M Plan >2.0% 9

RESOURCE REMAINS OPEN ALONG STRIKE AND AT DEPTH – OUTSTANDING POTENTIAL FOR FURTHER GROWTH 4m @ 1.5% Li 2 O • Kathleen’s Corner • Open along strike and at depth Kathleen’s • Mt Mann Corner • Open at depth • Newly discovered pegmatite intersected by a single drill hole • 4m @ 1.5% Li 2 O • Mineralised system continues northwards under cover • No previous drilling Mt Mann Block Model Immediate Resource Upside Pegmatite 10

BULDANIA LITHIUM PROJECT W E S T E R N A U S T R A L I A 11