Ann: Drilling Update WA Lithium Projects, page-2

ASX ANNOUNCEMENT 13 MARCH 2017

Drilling Update – WA Lithium Projects

Key Points:
 Maiden drilling program now completed at Kathleen Valley – assays pending for all holes.
 Maiden drilling program commenced at Lake Percy.

Liontown Resources Limited (ASX:LTR) is pleased to provide an update on drilling activities at two of its key
Australian lithium projects.

Kathleen Valley
A maiden Reverse Circulation (RC) drill program comprising 19 holes for 2,053m has been completed at the
Kathleen Valley Lithium-Tantalum Project in WA (Figure 1).
The program was designed to test the northern extension of the two main mineralised trends where
heritage approvals to drill have been obtained.
Multiple spodumene-bearing pegmatites with true thicknesses up to 25-30 m were intersected.
Assays are pending for all holes.

Lake Percy
A maiden RC program comprising 7-10 holes for up to 2,500m drilling has commenced at the Lake Percy
Lithium Project.

The program will test beneath lithium-in-soil anomalies which are coincident with large pegmatites with
true thicknesses locally exceeding 100m (Figure 2).

The drilling program is expected to take approximately two weeks with assays due in mid-late April 2017.