A Shareholders' interpretation of significant events in...

A Shareholders' interpretation of significant events in Liontown's history. Part 1 - 2016 till the end of 2019

I hope this is of interest to all holders but I started putting this together as a means for newer holders to get a quick snapshot of where we started, where we have been, and what have been the major events over the years. I also wanted people to see that fluctuations on a daily basis with the share price are really irrelevant. It is what happens over longer timeframes that is most pertinent. In Liontown's case simply holding through all the highs and lows would have been and continues to be a great strategy in my opinion.

As I was putting this together it was like taking a walk down memory lane, many of the pivotal points in the Liontown story happened in those early days. I think the real story of LTR starts in 2016 even though LTR had been on the ASX for more than a decade by then. The real story is the Lithium story and it began back when our share price was just 1 cent in August 2016. There is so much to put into this that this will be part one, taking in from 2016 till the end of 2019.

By the way sometimes the formatting doesn't transfer well from Word to HC so if some of it comes out bunched together please be understanding.

August2016 - Share price 1 cent

Liontown enters into an agreement for the acquisition of highly prospective WA lithium-tantalum project - Kathleen Valley from Ramelius Resources. Project contains an extensive spodumene-bearing pegmatite field and immediate drill targets.

https://www.ltresources.com.au/wp-content/uploads/2023/06/6785531.pdf

January2017 - Share price 2 cents

Placement at 2 cents raises $2.5 million from institutional and professional investors

Liontown now funded to accelerate its drilling activities at the highly prospective Kathleen Valley, Lake Percy and Bynoe Lithium Projects.

February 2017 - Share price 3 cents

Maiden drilling program commences at highly prospective WA lithium project. Drilling underway at Kathleen Valley Project targeting depth extensions of high grade lithium and tantalum recorded from outcropping spodumene-mineralised pegmatites Key Points: Reverse drilling targeting outcropping, high grade lithium (>2% Li2O) mineralisation.

March 2017 - Share price 2 cents

Liontown intersects strong lithium and tantalum mineralisation in maiden drill program at Kathleen Valley, WA Initial assays confirm high-grade potential with individual grades of up to 3% Li2O and 711ppm Ta2O5

September 2017 - Share price 1 cents

Liontown sells Boyne Lithium Project in the Northern Territory to Core (CXO)

October 2017 – Share price 2 cents

Liontown Resources acquires two new projects, Buldania and Norcott in WA’s Eastern Goldfields, which are considered highly prospective for pegmatite-hosted lithium mineralisation. Surface samples of up to 4.6% Li2O confirm widespread lithium mineralisation at the Buldania Lithium Project, WA Rock chip sampling identifies multiple spodumene occurrences.

November 2017 – Share price 02 cents

Liontown is pleased to advise that, pursuant to Section 18 of the Aboriginal Heritage Act, the Minister of Aboriginal Affairs (the Hon Ben Wyatt MLA), has granted consent to drill at the Company’s Kathleen Valley Lithium Project in Western Australia.

Cut From the November 2017 Annual Report – the vision wasclear already – Share price .02 cents

Simple strategy – acquire, explore and develop according to the 4 key parameters

1. Grade

2. Tonnage

3. Metallurgy

4. Infrastructure

§ Lithium market expected to grow by ~17% p.a. § 2 exploration projects with spodumene mineralisation

January 2018 – Share price4 cents

Second program of drilling underway at Kathleen Valley targeting extensions of high-grade lithium mineralisation intersected last year.

February 2018 –Share price 04 cents

Latest assays confirm continuity of shallow high-grade lithium mineralisation at Kathleen Valley, WA Multiple intersections of >2% Li2O returned from main pegmatite zone at Mt Mann. Thick zones of strong lithium mineralization recorded in final batch of assays from Kathleen Valley Project, with better intersections from Kathleen’s Corner.

March 2018 – share price 3 cents

More strong assays confirm significant lithium discovery at Buldania Project in WA Second batch of results reveal zones more than 50m wide with grades up to 2.5% Li2O. Strong lithium mineralisation has been intersected over a strike length of 500m and true widths up to 58m at the Anna prospect, with the trend remaining completely open to the south-east.

May 2018 – share price 3 cents

Kathleen Valley emerging as a significant WA lithium discovery with multiple high-grade pegmatites intersected over an extensive area. Highly successful drilling program extends mineralisation at Kathleen’s Corner in all directions which remains open along strike and at depth.

https://www.ltresources.com.au/wp-content/uploads/2023/06/6883006.pdf

June 2018 -share price 3cents

Liontown raises $3M from professional investors to fast-track key Australian lithium and vanadium projects.

July 2018 – share price 3 cents

Kathleen Valley continues to grow: latest assays confirm continuity and strike extensions of high-grade lithium mineralisation.

September 2018- share price 3 cents

Maiden 21.2 million tonne Lithium-Tantalum Mineral Resource sets strong growth foundation for Liontown at Kathleen Valley.

Liontown confirms second significant lithium discovery in WA with new thick, high-grade hits at Buldania Spodumene mineralisation at Anna prospect extended over a strike length of least 650m; Current drilling program expanded.

https://www.ltresources.com.au/wp-content/uploads/2023/06/6898063.pdf

November 2018 Extract from the Annual Report – share price 2 cents

January 2019 -share price- 2 cents

Kathleen Valley Scoping Study confirms potential for a new WA lithium mine development

A Scoping Study for Liontown’s 100%-owned Kathleen Valley Lithium-Tantalum Project, located 680km north-east of Perth in Western Australia’s Northeastern Goldfields, demonstrates the potential for a viable standalone lithium mining and processing operation.

https://www.ltresources.com.au/wp-content/uploads/2023/06/6917464.pdf

February 2019 – share price2 cents

Landmark $7.9m capital raising to fast-track Australian lithium projects 14h February 2019

Liontown to raise up to $7.9m (before costs) at an issue price of $0.02 per share.

https://www.ltresources.com.au/wp-content/uploads/2023/06/6919935.pdf

March 2019 – share price 2 cents

High-grade lithium intercepts in new phase of drilling confirm strong potential for resource growth at Kathleen Valley. New assay results largely located outside the conceptual open pits outlined by recent Scoping Study as new 16-20,000m drill program makes rapid progress.

https://www.ltresources.com.au/wp-content/uploads/2023/06/6923960.pdf

April2019 – share price 2 cents – but announcementsbegin to positively impact share price

https://www.ltresources.com.au/wp-content/uploads/2023/06/6898063.pdf

New thick, high-grade lithium intercepts confirm potential for substantial resource growth at Kathleen Valley Latest drilling delivers intercepts up to 31m wide . Resource upgrade to underpin ongoing feasibility studies.

https://www.ltresources.com.au/wp-content/uploads/2023/06/6925902.pdf

More thick, high-grade lithium zones in latest resource expansion drilling as Kathleen Valley delivers best-ever intercept Multiple thick, high-grade intercepts recorded outside the current conceptual open pit, including best-ever intersection – 52m @ 1.4% Li2O

https://www.ltresources.com.au/wp-content/uploads/2023/06/6928146.pdf

May 2019– share price 10 cents

Spectacular intercept of 90m @ 1.3% Li2O at Kathleen Valley.

https://www.ltresources.com.au/wp-content/uploads/2023/06/6931122.pdf

Investor presentation also in May 2019

https://www.ltresources.com.au/wp-content/uploads/2023/06/6931274.pdf

June 2019 -share price 11 cents

https://www.ltresources.com.au/wp-content/uploads/2023/06/6934474.pdf

https://www.ltresources.com.au/wp-content/uploads/2023/06/6934474.pdf

July 2019 - share price 15 cents

https://www.ltresources.com.au/wp-content/uploads/2023/06/6937918.pdf

August 2019 -share price 12 cents

October 2019 -share price 10 cents

https://www.ltresources.com.au/wp-content/uploads/2023/06/6948656.pdf

November 2019 share price 9 cents

Also in November 2019

Cut and paste from Chairman’s Letter to shareholders fromthe 2019 AGM

December 2019 PFS Released -share price 9 cents

https://www.ltresources.com.au/wp-content/uploads/2023/06/6957896.pdf