Liontown Resources
David Richards - Managing Director
Over the past two years, Liontown Resources (ASX: LTR, market cap $222.5M) has rapidly emerged as one of the most exciting new lithium growth stocks on the ASX, underpinned by what has evolved into a Tier-1 discovery at its flagship Kathleen Valley Lithium-Tantalum Project in WA.
Liontown has recently delivered a major update to the world-class Kathleen Valley resource to 156Mt @ 1.4% Li2O & 130ppm Ta2O5 – representing a 108% increase in tonnes and a 119% increase in contained lithium over the previous Mineral Resource Estimate used to prepare the December 2019 Pre-Feasibility Study (PFS). The new Resource remains open along strike and at depth.
An updated PFS is scheduled for delivery in Q3/Q4 2020, with the Company identifying a number of key criteria with the potential to significantly improve the Project’s future operability and economic returns.
In addition to Kathleen Valley, Liontown also holds the Moora Project, which has recorded strongly anomalous nickel, copper, PGE and gold results and is located in the same geological terrain as Chalice Gold Mines significant new Julimar discovery near Perth in WA.