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Liontown Resources (ASX:LTR) - Managing Director, David Richards - The Market Herald
Managing Director, David Richards
Source: The Market Herald
  • Liontown Resources Limited (LTR) has moved to the next stage at its Kathleen Valley Project, with work underway on a definitive feasibility study (DFS)
  • Meanwhile, Liontown has undertaken additional geotechnical and water exploration drilling to acquire data required to complete the DFS
  • Data from the holes indicate ground conditions are suitable for underground mining, while assays remain consistent with previous drilling
  • The 100-per-cent-owned Kathleen Valley Lithium-Tantalum Project is located in the northeastern Goldfields of WA
  • LTR is trading up 3.3 per cent at 47 cents

Liontown Resources (LTR) has moved to the next stage at its Kathleen Valley Lithium Project with work underway on a definitive feasibility study (DFS).

The DFS, which is scheduled for completion in Q4 2021, follows on other studies completed in late last year.

This included a pre-feasibility study (PFS) into establishing a two-million-tonne-per-annum mining operation to produce an average 350,000 tonnes per annum of spodumene concentrate for 40 years. It also involved a subsequent scoping study into the potential to undertake downstream processing on-site to produce Lithium Hydroxide or Lithium Sulphate.

Liontown has appointed consulting groups, including Lycopodium Minerals (Process Engineering), Snowden Mining Industry Consultants (Mine Engineering) and Knight Piésold (Tailings and Hydrogeological Engineering) to assist with the DFS.

The drilling continues

Meanwhile, the company has undertaken additional geotechnical and water exploration drilling to acquire data identified by the 2020 PFS, which is required to complete the DFS.

The geotechnical drilling comprises six diamond core holes totalling 1312 metres and was designed to provide rock quality data for the proposed underground portals and the north-western part of the deposit. Data from the holes indicate ground conditions suitable for underground mining and are consistent with previous drilling.

Two of the geotechnical holes, KVDD0076 and KVDD0077, drilled into an inferred part of the mineral resource and intersected significant widths of high-grade lithium mineralisation, confirming the continuity of the system.

The 100-per-cent-owned Kathleen Valley Lithium-Tantalum Project is located in the northeastern Goldfields of Western Australia. The site is approximately 400 kilometres north of Kalgoorlie and is proximate to well-established transport and energy infrastructure.

Liontown acquired the project in 2017.

LTR is trading up 3.3 per cent at 47 cents at 10:25 am AEDT.


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