Liontown builds lithium war chest after more high-grade hits

7th February 2020
Resources Rising Stars

Liontown Resources (ASX:LTR), one of the best performing small-cap battery metal stocks on the ASX in 2019, is gearing up for an interim resource update at its flagship Kathleen Valley lithium-tantalum project in Western Australia (reports Stockhead) .

This comes after its ongoing drilling program continued to intersect thick, high-grade mineralised zones that highlight why the company was a market darling last year.

Top hits included a 10.4m intersection grading 3.8 per cent lithium oxide from a depth of 299.9m and a thick 33.4m zone at 2 per cent lithium oxide from 199.3m.

The latest results confirm the strike and dip continuity of the growing Kathleen Valley lithium system with multiple zones of high-grade mineralisation intersected.

Liontown said mineralised pegmatites had now been intersected over a 1.7km strike length with the system remaining opening to the north and at depth.

An interim resource update is scheduled to be released in mid-February while infill drilling will continue under the end of the month.

Data from the drilling will be used to prepare a final resource estimate that will underpin a definitive feasibility study, which the company expects to improve on the already solid numbers from its pre-feasibility study.


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