Announcement Date: 2022-03-21
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Liontown Resources Ltd.
Project name: Buldania
Location: Australia
Commodities: Lithium
Highlight: Drilling results incl. 17m @ 1.1% Li2O from 18m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Liontown Resources Limited (ASX: LTR, “Liontown” or “Company”) is pleased to advise that it has received all assays from a recently completed drilling program targeting the potential for resource growth and new discoveries at its Buldania Lithium Project (“Buldania Project”), located approximately 600km east of Perth in the south-eastern Goldfields region of Western Australia (Figure 1). Liontown holds 100% of the rights to lithium and related pegmatite-hosted minerals within the Buldania Project. The drilling program, which comprised 42 reverse circulation (RC) drill holes (BDRC0179-0220) for a total of 6,338m, was designed to test multiple targets including Liontown has been actively exploring the Buldania Project since early 2018 after acquiring 100% of the rights to lithium and related metals from Avoca Resources Pty Ltd (a wholly-owned subsidiary of Karora Resources Inc). Liontown initially focused on the spodumene-bearing Anna pegmatite, partially delineated by previous nickel and gold explorers, with drilling by the Company subsequently defining a maiden Indicated and Inferred Mineral Resource Estimate (MRE) of 15Mt at 1.0% Li2O and 44ppm Ta2O5, containing 140,000t of Li2O.
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