$18m capital raising to fast-track Australian lithium projectsKathleen Valley Project fully funded through to completion of DFS2nd August 2019HIGHLIGHTS• $18m placement at $0.12 per share to institutional and professional investors;• Includes $1.43m placement, also at $0.12 per share, to Directors, subject to shareholderapproval;• Proceeds will be used to accelerate activities at the 100% owned Kathleen Valley LithiumTantalum Project in WA, including Drilling along strike and at depth to further expand Australia’s fifth largest lithiumMineral Resource of 74.9Mt @ 1.3% Li2O and 140ppm Ta2O5;o A Pre-Feasibility Study (PFS) targeted for completion in Q4 CY2019 and a DefinitiveFeasibility Study (DFS) by Q3 CY2020; ando Completion of metallurgical test work to optimise the grade/recovery performanceand produce a spodumene concentrate to a minimum 6% Li2O.• Proceeds will also be used to advance the Company’s second 100% owned lithium projectat Buldania, including Delivery of a maiden Mineral Resource Estimate for the Anna pegmatite in Q4CY2019; ando Ongoing drilling targeting extensions to the Anna pegmatite as well as regionalexploration to test outcropping spodumene-bearing pegmatites within theCompany’s broader project area.Liontown Resources Limited (ASX: LTR or the “Company”) is pleased to announce that is
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