| 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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