Welcome to Liontown Resources Limited
Liontown Resources Limited is a mineral exploration company largely focussed on Tanzania, East Africa where it is exploring for lithium and gold.
In November 2015, the Company announced the acquisition of the Mohanga Lithium-Tantalum Project located in central Tanzania close to the capital Dodoma. The regional geological setting is analogous to the world-class Greenbushes lithium deposit located in SW Western Australia and reconnaissance rock chip sampling of colonial workings by Liontown geologists has returned up to 5.2% Li2O and 0.12% Ta2O5.
The Mohanga acquisition signals the start of a diversification into a strategic metals sector which analysts predict (e.g. Citi Research – Lithium, the future is electric/October 2015) has significant growth potential. Given the geological terrains that host the larger hard rock lithium deposits, the diversification is complementary to the Company’s existing gold interests in Tanzania.
At the Jubilee Reef Gold Project in northern Tanzania, a maiden Inferred Mineral Resource of approximately 8.5Mt @ 1.4g/t gold (~390,000 ounces) has been estimated. The independent Mineral Resource estimate was prepared by Optiro Pty Ltd and reported and classified in accordance with the guidelines of the 2012 JORC code.
There are a number of untested drill targets at Jubilee Reef and the potential to expand the existing resource is good.
At the Mt Windsor Project in northern Queensland, drilling at the Allandale prospect has intersected significant gold (up to 4m @ 1.7g/t) and antimony (up to 2m @ 1.8%) results which remain open in all directions.
The Information in this website that relates to Exploration Results 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.
Mr Richards has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activities being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Richards consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
The Information in this report that relates to the Inferred Mineral Resource Estimate for the Jubilee Reef Project 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 is available under the Investors Relations section of this website.
This website 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 materialise, or should underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this website. No obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments.