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

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

ABN 39 118 153 825 ASX : LTR

ASX: LTR

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

August 2016

www.ltresources.com.au

2

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 4th 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 14th 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 31st July 2016” released on 21st 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

• n 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 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.

www.ltresources.com.au

Strongly leveraged to exploration success in lithium and gold – market cap of just ~$12M

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

• Review of existing 390,000oz Inferred Mineral resource and new exploration

targets underway

• Substantial upside and growth potential from aggressive exploration

programs between now and the end of the year

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www.ltresources.com.au

4

Corporate Overview

Corporate Details ASX Code LTR Shares on Issue ~700M Market Capitalisation $12M (at ~1.7cps) Major Shareholders Tim Goyder – 27% Lujeta – 7%

• M. Fotios – 5%
• G. Kluck – 5%

Top 20 Shareholders 64% Board of Directors TIM GOYDER –Chairman

+30 years experience, MD – Chalice Gold, Chairman – Uranium Equities

DAVID RICHARDS – Managing Director

+30 years experience, former Managing Director – Glengarry Resources

CRAIG WILLIAMS – Non-Executive Director

+30 years experience, co-founder and former CEO – Equinox Minerals

ANTHONY CIPRIANO – Non-Executive Director

28 years experience, former partner at Deloitte

www.ltresources.com.au

Key Projects

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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

Kathleen Valley (WA, Australia)

• Multiple outcropping spodumene-bearing pegmatites
• High grade lithium (up to 3.9% Li2O) and tantalum (up to 493ppm

Ta2O5) values at surface

• No previous drill testing – potential to delineate very large system

Bynoe Lithium Project (NT, Australia)

• Previous Greenbushes owned tin-tantalum mining centre
• Extensive pegmatite field located <50km from Darwin
• Thick widths of >1% Li2O (spodumene-related) mineralisation

intersected in maiden drilling program

www.ltresources.com.au

Bynoe Lithium Project – A New Lithium Discovery

• 88km2 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

• Li2O values of >1% intersected at 6 of the 10 initial

targets (Appendix 1), with best results including:

• 42m @ 1.0% Li2O from 93m (LBRC014)
• 24m @ 1.1% Li2O from 70m (LBRC015)
• All mineralised zones open at depth and along strike
• More than 50 pegmatite targets yet to be tested
• Follow-up drilling scheduled for September 2016

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>1% Li2O

SANDRAS

Bynoe: imminent drilling and news flow

www.ltresources.com.au

Good widths – open at depth and along strike

Bynoe Lithium Project – Sandras Prospect

7

• Defined over 300m length, up to 40m thick -
• pen along strike
• Part of 2.4km long pegmatite trend

www.ltresources.com.au

Multiple untested pegmatites; significant exploration upside

Bynoe Lithium Project – Outstanding Upside

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Pegmatite-Drilled Pegmatite-Undrilled

Sandras

Talwest Up to 30m thick pegmatite with Li2O values up to 2.2%

>1% Li2O

www.ltresources.com.au

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% Li2O intersections
• >60 pegmatites documented on LTR tenure
• Review of broader project area to be conducted to identify
• ther pegmatites that warrant drill testing
• Potential to delineate a maiden JORC resource in the near

term

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Strategic land position with multiple lithium prospective pegmatites

www.ltresources.com.au

Key Projects

10

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

Kathleen Valley (WA, Australia)

• Multiple spodumene-bearing pegmatites exposed at surface
• High grade lithium (up to 3.9% Li2O) and tantalum (up to 493ppm

Ta2O5) values at surface

• No previous drill testing – potential to delineate very large system

Bynoe Lithium Project (NT, Australia)

• Previously owned by Greenbushes
• Extensive pegmatite field located <50km from Darwin
• Thick widths of >1% Li2O (spodumene-related) mineralisation

intersected in maiden drilling program

www.ltresources.com.au

Target definition work now underway

Kathleen Valley Lithium-Tantalum Project

• Agreement to acquire 100% of rare metal rights from Ramelius

Resources for 25M LTR shares

• 77km2 tenement package located 680km NE of Perth, WA –

good infrastructure

• Large spodumene-bearing pegmatite swarm defined by

previous mappers

• Previous exploration focused on gold and nickel with lithium

potential untested

• Multiple high grade lithium and tantalum results from limited

historical rock chip sampling – immediate drill targets

• Further surface sampling completed - assays pending for 57

samples

• Drilling to commence as soon as approvals have been secured

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www.ltresources.com.au

Multiple pegmatites to be sampled

Kathleen Valley Lithium-Tantalum Project

• Mt Mann Pegmatite – part of 3.5x1km spodumene

bearing pegmatite swarm

• Multiple high grade lithium and tantalum values

recorded from limited rock chip sampling (see Appendix 2)

1.5% Li2O and 493ppm Ta2O5 2.6% Li2O and 249ppm Ta2O5 2.1% Li2O and 295ppm Ta2O5 2.2% Li2O and 233ppm Ta2O5 2.4% Li2O and 134ppm Ta2O5 3.9% Li2O and 381ppm Ta2O5

• Individual pegmatites >700m long and up to 26m

wide mapped at surface

• Reconnaissance confirms soil anomaly coincident

with extension of spodumene-bearing pegmatite

• No previous drill testing

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www.ltresources.com.au

Good size pegmatites with fresh spodumene at surface – undrilled

Kathleen Valley Lithium-Tantalum Project

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www.ltresources.com.au

Strategic land position well positioned to key infrastructure

• Large untested spodumene-

bearing pegmatite field

• Good local infrastructure including

sealed highways to major ports

• Established mining area with

granted mining leases

• High grade lithium and tantalum

mineralisation

• Target definition and permitting to

commence immediately

14

Kathleen Valley Lithium-Tantalum Project

www.ltresources.com.au

Key Projects

15

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

Kathleen Valley (WA, Australia)

• Multiple spodumene-bearing pegmatites exposed at surface
• High grade lithium (up to 3.9% Li2O) and tantalum (up to 493ppm

Ta2O5) values at surface

• No previous drill testing – potential to delineate very large system

Bynoe Lithium Project (NT, Australia)

• Previously owned by Greenbushes
• Extensive pegmatite field located <50km from Darwin
• Thick widths of >1% Li2O (spodumene-related) mineralisation

intersected in maiden drilling program

www.ltresources.com.au

Lake Victoria Goldfield – A World-Class Exploration Address

LTR has a high quality tenement portfolio and emerging gold system in one of the world’s premier gold provinces

• Granite/greenstone terrain similar to Eastern

Goldfields of Western Australia

• +50Moz gold endowment
• World-class (>10Moz) gold deposits
• 17Moz Bulyanhulu, 12.5Moz Geita deposits

nearby

• Established infrastructure
• Underexplored

www.ltresources.com.au

Jubilee Reef – Inferred Resources (2012 JORC)

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Simba deposit

• Inferred Resource:

7.4Mt @ 1.4g/t gold for ~320,000oz Panapendesa deposit

• Inferred Resource:

1.1Mt @ 2g/t gold for ~70,000oz Total JORC 2012 Resources

• Inferred Resource:

8.5Mt @ 1.4g/t gold for ~390,000oz

• 0.7g/t gold lower cut

Simba – 3D view of mineralised lodes (looking NNE) Panapendesa – 3D view of mineralised lodes (looking N)

www.ltresources.com.au

Simba – Large Granite-hosted Gold System

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• Drill results include:
• 21m @ 4.7g/t Au
• 23m @ 2.9g/t Au
• 54m @ 2.6g/t Au
• 29.7m @ 3.2g/t Au
• Multiple mineralised zones
• Large scale, shallow system
• Exploration upside

 Open along strike and at depth  Parallel lodes  Undrilled prospects

Drill hole plan superimposed on magnetic (tilt) image

System defined over 1km strike – open to NE with potential for multiple, parallel lodes

www.ltresources.com.au

Jubilee Reef – Next Steps

• Targeting extensions to existing resources at Simba and Panapendesa
• Targeting undrilled prospects including high grade trench intercepts at

Tembo

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www.ltresources.com.au

Other Projects

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Mohanga Lithium Tantalum Gold Project (Tanzania)

• Rights to contiguous ~180km2 ground package in central Tanzania, ~40km N
• f the capital Dodoma
• Virtually no modern exploration – historical mapping (1962) located

numerous pegmatite-hosted lithium occurrences

• Initial sampling returned high-grade lithium and tantalum results = right type
• f pegmatites
• Follow up exploration confirms large pegmatite field plus strongly anomalous

gold hosted by greenstone belt (similar setting to southern WA) Lake Percy Lithium Project (WA, Australia)

• Right to 70% - JV with White Cliff Minerals
• Very large pegmatites (3km x 500m) 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 (Greenbushes, Mt Caitlin, Mt Marion, KDR)

• Similar geological setting to nearby Forrestania Belt
• No previous lithium exploration
• Field work to commence immediately

www.ltresources.com.au

Strongly leveraged to exploration success in lithium and gold – market cap of just ~$12M

Key Reasons to Invest in Liontown

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High quality, emerging lithium and gold assets in Tier-1 jurisdictions Potential to establish a significant lithium resource at Bynoe <50km from a major port plus a potential “game-changer” at Kathleen Valley Emerging gold project in Tanzania with established resources and

• utstanding exploration potential

Imminent news-flow from Bynoe drilling and Kathleen Valley sampling Highly leveraged to two of the strongest performing commodities Active exploration, strong news-flow, multiple share price catalysts

ASX: LTR

Thank you

Contacts David Richards (Managing Director) Tim Goyder (Chairman) +61 8 9322 7431 www.ltresources.com.au info@ltresources.com.au

www.ltresources.com.au

Why Lithium?

• Supply shortfall due to lithium batteries
• Already seen in actual price performance with high prices forecast to continue
• An increasingly critical metal

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“Amid a surge in demand for rechargeable batteries, companies are scrambling for supplies of lithium” (The Economist, 14 January 2016)

Commodity Price (Lithium Carbonate 99% China) Jan 2016 Mar 2015 8 20 14

“We estimate demand to more than triple from ~170kmt in 2015 to ~530kmt in 2025, led by lithium ion battery demand growth”

Goldman Sachs – April 25th 2016

Source – Goldman Sachs (April 2016)

www.ltresources.com.au

Appendix 1: Bynoe RC Drilling

24 Estimated true widths – to be confirmed by further drilling  BP33 – 33% of down hole widths  Lees – 100% of down hole width  Booths South – 75% of down hole widths  RR West – 75% of down hole widths  Sandras – 50% of down ole widths

* All 2m composite samples From (m) To (m) Interval (m) Grade (%) LBRC001 694533 8593573 23

• 80

125 78 52 68 16 1.1 LBRC003 Booths South 695148 8995139 57

• 60

245 96 LBRC004 694668 8595976 44

• 70

180 90 66 70 4 1.1 LBRC005 694637 8595994 37

• 90

180 90 66 68 2 0.8 LBRC006 Booths South 695073 8595223 53

• 90

230 118 90 92 2 1.1 LBRC007 694710 8598552 29

• 60

90 132 LBRC008 694697 8598502 31

• 60

90 114 LBRC009 694780 8598450 28

• 60

270 90 LBRC010 694744 8598643 27

• 78

90 72 70 78 8 0.9 LBRC012 693222 8576799 55

• 65

290 102 LBRC013 693252 8576866 52

• 65

297 96 64 72 8 0.7 93 135 42 1 LBRC015 693307 8576976 53

• 65

300 114 70 94 24 1.1 LBRC016 Martins 693783 8577524 49

• 65

308 96 LBRC017 Turners 694058 8577814 58

• 65

128 96 LBRC018 690764 8578236 44

• 65

135 108 LBRC019 690829 8578162 45

• 65

315 102 96 98 2 2.2 102 106 4 0.6 110 114 4 1.3 LBRC021 Martins 693847 8577462 51

• 65

308 96 Hole ID Prospect Significant (>0.5%) Lithium Results * No significant assays LBRC002 BP33 694499 8593566 23

• 60

125 78 East North RL Dip Azimuth Depth (m)

• incl. 4m @ 1.6% from 56m and

2m @ 2.2% from 64m No significant assays LBRC011 RR West 692793 8589503 35 Bilatos No significant assays Lees Hang Gong 290 108

• incl. 2m @ 1.9% from 76m

No significant assays

• 65

No significant assays

• incl. 6m @ 1.9% from 93m

LBRC014 693253 8576866 52

• 80

297 162 and 2m @ 1.7% from 133m Sandras No significant assays

• incl. 2m @ 2.0% from 112m

LBRC020 Talamia West 693354 8578620 69

• 70

115 132

www.ltresources.com.au

Appendix 2: Kathleen Valley Rock Chip Sampling

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Sample_ID East North Li_pct Li20_pct Ta_ppm Ta2O5 Cs_ppm Nb_ppm Rb_ppm Sn_ppm 160614_01a 258766 6959242 0.72 1.55 353 431 102 77 2210 37 160614_01b 258766 6959242 0.37 0.80 156 190 121 69 3980 36 160614_04 258804 6959190 0.7 1.51 404 493 139 56 2360 43 160614_10 258807 6959205 1.2 2.58 204 249 73.6 54 1945 51 160614_11 258803 6959221 0.98 2.11 242 295 88.2 46 1910 49 160614_14A 258632 6959390 1.01 2.17 191 233 39.3 61 1080 53 160614_14B 258634 6959390 0.83 1.78 22.4 27 7.2

• 5

93.2 38 160614_14C 258634 6959390

• 0.01
• 0.02

271 331 53.6 44 1035 24 160614_18 258577 6959315 1.12 2.41 109.5 134 235 52 1690 48 160614_21 258644 6959213 0.87 1.87 229 279 113 66 2380 40 160614_27 258691 6958309 0.66 1.42 90.2 110 199 17 4180 36 160614_32 258605 6958431 0.16 0.34 161.5 197 222 53 5600 74 160614_33 258639 6958438

• 0.01
• 0.02

3.5 4 6.1

• 5

49.2

• 5

160614_34A 258588 6958418 1.8 3.87 312 381 286 49 2130 63 160614_34B 258591 6958418 0.71 1.53 95.6 117 304 24 4280 47 160614_34C 258593 6958418 0.85 1.83 130.5 159 321 52 5070 50 160614_34D 258595 6958418 0.57 1.23 103 126 130 18 3020 42