Days Like These

LTR and CXO are volatile. You have to look at the lower lows on a one year chart on their own on these days and compare the 2.
CXO has a line going down and 8 is unbelievably threatened. In LTR on the other hand the lows after the high are going sort of sideways and traders on both are waiting for the LTR announcement in order to move. The The ASX, NASDAQ, DOW and others are down and when this happens you can't rely on normal charts for a day or two until momentum comes back. We're waiting for an announcement with reasonable results to stabilise or if announcement comes with very good results there will a break of sorts. There is a little discomfort or fear with holders because they are second guessing what way the results will go and momentum has dropped. It is not a leak because there is only low volume. It is a matter of looking at what you've got and work out if you're happy to hold or buy under the circumstances.
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The Bynoe Project is considered highly prospective for lithium mineralisation due to:

• The common association of tin and tantalum with lithium-bearing pegmatites elsewhere in the world, such as at the world-class Greenbushes deposit in WA, and the Wodgina district in WA that hosts the Pilgangoora lithium deposit;
• The presence of mineral zonation typical of lithium-bearing pegmatites;
• Strong lateritic weathering altering spodumene (lithium pyroxene) to kaolinite, meaning that lithium may not have been detected by previous exploration work; and
• Reporting of lithium minerals from areas where fresh bedrock has been exposed.

In July 2016, Liontown confirmed the project’s prospectivity with the discovery of lithium spodumene-bearing pegmatites of attractive thickness and grades exceeding 1% Li2O.  All mineralized zones open at depth and along strike.  More than 50 pegmatites remain untested in the Bynoe Project area.
TESTING OF DRILLING IN PROCESS, RESULTS DUE IN DAYS
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Kathleen Turner Project
Liontown’s initial focus will be the Mt Mann area, where previous mapping has documented a swarm of spodumene-bearing pegmatites One such pegmatite, the Mt Mann Pegmatite, , has been mapped over a 700m strike length and widths varying from 10-26m with reported rock chip results of 3.9%, 1.5%, 1.8% and 1.2% Li2O (for an average of 2.1% Li2O) and an average Ta2O5 value of 195ppm.
To the north-east of the Mt Mann pegmatite, a cluster of closely spaced pegmatites has been defined containing up to 2.6% Li2O and 431ppm Ta2O5.
Spodumene crystals were observed in all sampled pegmatites with only minor lepidolite noted.
A full listing of statistics for Liontown’s rock chip sampling is provided in Liontown's Press release dated 8th August, 2016
Lake Percy Lithium Project: Announcement out today

Mohanga Lithium-Tantalum Project (Liontown – 100%) Central Tanzania

Liontown has completed its initial phase of exploration work including:

• Detailed geological mapping;
• First-pass rock chip sampling;
• Wide-spaced soil sampling;
• Trenching; and
• Processing of regional geophysical data.

Results of the work confirm the Project’s potential to host high grade lithium and tantalum mineralisation with mapping and geochemical sampling defining an 11km by 2km, WNW trending area containing numerous prospective pegmatites
6m Rock chipping TRESOR,up to 3.8 Li20, Zati Up to 1.7m Li20, IPA Up to 4.9 % Li20
Jubilee Reef Project Tanzania The Jubilee Reef Project comprises a contiguous group of 8 prospecting licences (Pls) covering approximately 66km2 that is located approximately 850km northwest of Dar es Salaam (see Figures 1 and 2) within the Lake Victoria Goldfield of northern Tanzania. This Archaean greenstone-granite terrain hosts several multi-million ounce gold deposits including Acacia Mining's Bulyanhulu deposit and AngloGold Ashanti's Geita deposit. DYOR