EXPLORATION & DEVELOPMENT

Liontown confirms lithium discovery

Liontown shares rise after company confirmed emerging lithium discovery

This article is 6 years old. Images might not display.

The latest assays from the Anna prospect confirmed the presence of large mineralised pegmatites.

New results included 25m at 1.2% lithium oxide from 16m, including 3m at 2% and 5m at 2%; 58m at 1.2% lithium oxide, including 20m at 1.6%, 4m at 1.8% and 2m at 2.5%; 36m at 1% lithium oxide, including 3m at 2%, 6m at 1.7% and 1m at 1.8%; and 15m at 1.2% lithium oxide, including 3m at 2.4% and 2m at 1.7%.

Mineralisation at Anna starts at surface and has been outlined over a 500m strike length.

Lithium mineralisation remains open along strike and at depth.

Results for another 17 holes are pending.

The drilling is part of a 36-hole reverse circulation program, which was recently completed.

Buldania is 30km east of Norseman in the Eastern Goldfields.

Liontown has an agreement with Westgold Resources, giving it the right to lithium and related metals for A$2 per tonne for any lithium ore mined and 1.5% of the gross sales receipts.

Drilling is also set to begin at Liontown's Kathleen Valley lithium project, which is near Mt Keith in the north-eastern Goldfields.

A 34-hole program for 4000-4500m is planned to follow up February results including 21m at 1.9% lithium oxide from 71m, including 17m at 2.2%.

Liontown has around $2.4 million cash after selling $809,874 worth of shares in Core Exploration.

Shares in Liontown rose by 9% to 3.6c, valuing the company at more than $32 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.