LTR Moora Announcement on 12 Feb 2021 Significant new assays...

LTR Moora Announcement on 12 Feb 2021

Significant new assays from air-core drilling confirm emerging discovery potential at Moora Project, WA

Multiple mineralised zones defined by maiden drilling program across the Mt Yule magnetic anomaly

HIGHLIGHTS
• Further assays from a partially completed air-core drilling program have returned multiple, highly anomalous gold and copper results. Latest intersections1 include:

12m @ 1.37 g/t gold from surface including 4m @ 2.92g/t gold from 4m in
MRAC0092; and 37m @ 0.25g/t gold from surface (to EoH2) and 13m @ 0.22% copper from 24m (to EoH) in MRAC0072.

• This follows the highly encouraging initial results reported last month (see ASX
release dated 19th January 2021) of: 10m @ 1.9% copper from 32m (to EoH) including 4m @ 2.5% copper from 36m (MRAC0012); and
12m @ 0.5g/t gold from 12m including 4m @ 1.1g/t gold from 20m (MRAC0012).

• The anomalous results are coincident with the 7km long Mt Yule magnetic anomaly, interpreted to be indicative of a large mafic/ultramafic intrusion.

• All mineralised trends remain open with in-fill and extensional air-core drilling scheduled to re-commence in mid-February 2021.

• Assays pending for a 14-hole/1,946m maiden Reverse Circulation (RC) drilling program, which followed up the previously reported air-core intersections.

• Assays also pending for ~1,000 first-pass auger soil samples collected from across other priority target areas defined by magnetic data.

• Latest results follow the recently announced Joint Venture Agreement with Lachlan Star Resources (see ASX release dated 27th January 2021), which gives Liontown the right to earn up to 51% in the neighbouring Koojan Project.

• The combined Moora/Koojan Projects cover a largely contiguous area of ~1,100km2 in the same geological terrain as Chalice’s world-class Julimar discovery located ~95km to the south.

There will be fast explation program under MI6. In this field potential is endless...