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Liontown Resources (ASX:LTR) - Outgoing Managing Director, David Richards - The Market Herald
Outgoing Managing Director, David Richards
Source: Resources Rising Stars [YouTube]
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  • Liontown Resources (LTR) has identified multiple improvements and enhancements at its Kathleen Valley Project in WA
  • These improvements and enhancements are part of the ongoing definitive feasibility study (DFS) which remains on track for completion in Q4 2021
  • Overall, the aim of the DFS is to build on the pre-feasbility study which outlined a $1.12 billion net present value and a 37 per cent internal rate of return
  • The improvements include an increase in the indicated category of the mineral resource, and savings and simplifications in regards to the process flowsheet
  • Liontown has ended the day 1.11 per cent in the green with shares trading at 45.5 cents

Liontown Resources (LTR) has identified multiple improvements and enhancements at its Kathleen Valley Project in WA.

These improvements and enhancements are part of the ongoing definitive feasibility study (DFS) which remains on track for completion in Q4 2021.

The DFS aims to build on the pre-feasibility study (PFS) completed in October 2020 which outlined a $1.12 billion net present value and a 37 per cent internal rate of return.

These new improvements include an increase in the indicated category of the mineral resource, and savings and simplifications related to the process flowsheet.

"We are continuing to see excellent progress with ongoing work reinforcing Kathleen Valley's attributes as a high-grade, large-scale, long-life lithium project in a tier-1 location," Managing Director David Richards said.

"Kathleen Valley is ideally placed to be a key player is the global energy transformation, which is gaining momentum as major auto-makers and players in the lithium-ion battery supply chain continue to ramp-up their commitments to help reduce the global carbon footprint," he added.

Liontown has ended the day 1.11 per cent in the green with shares trading at 45.5 cents in a $816.3 million market cap.

LTR by the numbers
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