DFS on track for completion in Q4 2021 KEY POINTS Mine planning...

DFS on track for completion in Q4 2021
KEY POINTS
Mine planning and metallurgical test work programs have defined several key criteria with the potential
to improve future operability and economic returns for the Kathleen Valley Lithium-Tantalum Project.
These include:
 An increase in the Indicated category of the previously announced Mineral Resource Estimate
(MRE), with additional tonnage now available for conversion to Ore Reserves;
 Early sustaining capital savings and ore grade improvements in the first 10 years of production;
 Simplification of the process plant flowsheet such that the plant crushing equipment required is
reduced while significantly increasing throughput capacity and facilitating the potential for future
expansion; and
 Optimisation test work which indicates continued strong lithium recovery at a coarser grind size.
Liontown Resources Limited (ASX: LTR; “Liontown” or “Company&rdquo is pleased to advise that it has
identified a number of additional project improvements and enhancements at its 100%-owned
Kathleen Valley Lithium-Tantalum Project in Western Australia as part of the ongoing Definitive
Feasibility Study (DFS), which remains on track for completion in Q4 2021.
The principal focus of the DFS is to build on the Pre-Feasibility Study (PFS) completed in October 2020
(see ASX release dated 9th October 2020) which also identified opportunities to enhance the
financial returns from the Project.
The newly-identified improvements include an increase in the Indicated category of the Mineral
Resource, sustaining capital savings and simplification of the process flowsheet to facilitate
throughput increases and future growth.
Liontown Managing Director David Richards said the strong progress being achieved across multiple
fronts with the DFS continued to position Kathleen Valley as a premier new-generation global
lithium project.
“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.
“Kathleen Valley is ideally placed to be a key player in the global energy transformation, which is
gaining momentum as major auto-makers and players in the lithium-ion battery sup