Koojan Au-Cu-Ni-PGE JV Project returns PGE and gold anomalies and Update on the Killaloe gold project in the Eastern Goldfields of Western Australia
HIGHLIGHTS
Koojan Cu-Ni-PGE Project
• Lachlan Star and Liontown Resources Limited (ASX:LTR, “Liontown”) have executed a binding term sheet, granting the ability for Liontown to earn a 51% interest in the highly-prospective Koojan AuCu-Ni-PGE Project1 . • Liontown have reported two large areas of strong geochemical anomalism (refer LTR ASX announcement 6/5/2021) defined by wide-spaced auger geochemical sampling program targeting a number of prospective trends, including the northern extension of the Julimar PGE-copper-nickelgold corridor. Anomalies include:
o Mallory PGE-Gold Anomaly – 1.4 x 1km area with PGE values of up to 160ppb (0.16g/t) associated with elevated gold (up to 12ppb), copper (up to 270ppm) and nickel (up to 242ppm); and
o Bourbana Gold Anomaly – 2.4 x 1.4km area with gold values up to 86ppb.
• A total of 2,124 samples have been collected with a further 559 samples pending assay. • Further infill sampling and exploration activity will be reviewed following receipt of all results and timing of the next phase of field work will work around the cropping season.
