Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

LIONTOWN LIMITED AGM Information 2012

Nov 26, 2012

65274_rns_2012-11-26_6d8cb25a-ab52-42a3-af52-dfe0d6b41ccd.pdf

AGM Information

Open in viewer

Opens in your device viewer

==> picture [162 x 165] intentionally omitted <==

Annual General Meeting 27 November 2012

==> picture [154 x 51] intentionally omitted <==

ASX Code: LTR

Disclaimer:

  • The material used in this presentation is intended to be a summary of operational and geological activities that are current and proposed, based on the information available to Liontown Resources Limited as at 26th November 2012. This presentation may contain value references and "forward looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. This presentation does not include all available information on Liontown Resources Limited and should not be used in isolation as a guide to investing in the Company. Any potential investor should also refer to the Company’s ASX releases and take independent professional advice before considering investing in the Company. For further information about Liontown Resources Limited, visit the website at www.ltresources.com.au

Competent Person’s Statement:

  • The information in this report that relates to Exploration Results is based on information compiled by Mr David Richards, a full-time employee and Director of Liontown Resources Limited, who is a Member of the Australasian Institute of Geoscientists. Mr Richards has sufficient experience in the field of activity being reported to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves, and consents to the release of information in the form and context in which it appears here.

2

Focused on discovering world-class gold deposits in Tanzania, East Africa – one of the world’s most prospective gold provinces. Highly leveraged to exploration success with a market cap of just $16M.

ASX Code

ASX Code LTR Shares on Issue ~391 million Market Capitalisation ~$16 million (at 4cps) Tim Goyder ~28% Major Shareholders Delta Resource Management (Michael Fotios) ~8% Top 50 Shareholders >80%

Top 50 Shareholders

==> picture [202 x 394] intentionally omitted <==

3

==> picture [63 x 393] intentionally omitted <==

TIM GOYDERExecutive Chairman

30 years experience, Chairman – Chalice Gold, Director – Uranium Equities

DAVID RICHARDSManaging Director

30 years experience, former Managing Director – Glengarry Resources

RICHARD HACKERCFO/Company Secretary 15 years experience, ex-Woodside and Centrica PLC

CRAIG WILLIAMSNon-Executive Director

30 years experience, co-founder and former CEO – Equinox Minerals

TONY KIERNAN - Non-Executive Director Solicitor, Chairman – BC Iron, Uranium Equities; Director – Chalice Gold Mines

DOUG JONES - Non-Executive Director

30 years experience, Managing Director – Chalice Gold Mines

==> picture [202 x 394] intentionally omitted <==

4

An opportunity to get in on the ground floor of a world-class gold discovery in Tanzania.

  • Jubilee Reef Gold Project , N. Tanzania

  • JV with Currie Rose Resources – 65% equity and increasing

  • +21,500m of drilling completed to date

  • Extensive gold mineralisation discovered near some of Tanzania’s largest gold mining operations

  • Tenements abut African Barrick Gold, Tanzania’s largest gold miner

  • Three advanced prospects delineated to date: more to be tested

  • Potential for large-scale gold discovery

==> picture [368 x 342] intentionally omitted <==

5

Lake Victoria Goldfield

  • +50Moz gold endowment – home to several world-scale deposits

  • Multiple +10Moz deposits , six operating * :

  • mines including

  • Bulyanhulu (~17Moz)

  • Geita (~12.5Moz)

  • Buzwagi (~4.5Moz)

  • Fourth biggest gold producer in Africa after S. Africa, Ghana, Mali

  • Granite/greenstone terrain similar to Eastern Goldfields of Western Australia

  • Underexplored by comparison with WA

  • Established infrastructure

*Source: Taylor Collison Research Note, October 9 2012, owned and operated by other companies

==> picture [369 x 373] intentionally omitted <==

LTR’s Jubilee Reef Project is located in the heart of the Lake Victoria Goldfields, one of the world’s premier gold provinces.

6

==> picture [605 x 370] intentionally omitted <==

Sandwiched between tenements held by Tanzania’s largest gold miner, African Barrick Gold, which is active on the boundary.

7

  • 3 priority prospects delineated to date – Masabi Hill, Panapendesa, Chela

  • Broad, near-surface gold zones intersected at Masabi Hill and Panapendesa

  • Potential for large-scale gold systems

• Multiple priority gold prospects and mineralised zones identified

==> picture [477 x 392] intentionally omitted <==

8

==> picture [423 x 356] intentionally omitted <==

Mineralisation so far drilled over 1,000m strike, 800m width with significant growth potential: shallow system with scale

  • Early results highlight potential for repeats of nearby gold deposits

  • Results include:

  • Discovery (Central) Zone up to 62m @ 2.4g/t Au (including 21m @ 4.66g/t Au)

  • Southern Zone up to 74m @ 1.8g/t Au

  • Gold anomalism open

  • Potential for large gold system with multiple lodes

  • Granitoid-hosted gold (syenitediorite complex)

  • Largely obscured by thin (<30m) sediment cover

9

Masabi Hill – Section 439030E

==> picture [467 x 398] intentionally omitted <==

  • Significant widths of ore grade material:

1-20g/t Au

  • Includes high-grade intervals

  • Hosted by altered syenite

==> picture [211 x 178] intentionally omitted <==

10

Masabi Hill – Section 439220E

==> picture [464 x 399] intentionally omitted <==

  • Located near southern margin of intrusive body beneath transported cover

  • Hosted in mixed syenite, diorite, basalt sequence

  • Assays pending for hole down dip

==> picture [203 x 171] intentionally omitted <==

11

==> picture [171 x 393] intentionally omitted <==

==> picture [477 x 392] intentionally omitted <==

12

==> picture [171 x 393] intentionally omitted <==

==> picture [478 x 406] intentionally omitted <==

13

==> picture [453 x 420] intentionally omitted <==

==> picture [243 x 206] intentionally omitted <==

  • Intersected on four traverses over ~300m strike

  • • Multiple, steep dipping lodes?

  • • Hosted by mixed sediment package

  • • Open at depth and possibly along strike

14

  • Process and interpret 2012 drill data – >16,000m drilled for year

  • Determine orientation and scale of mineralised zones at Masabi Hill and Panapendesa

  • Determine optimal follow-up drill program for Chela prospect

  • Plan 2013 work program

  • Lay foundations for resource drilling program

==> picture [276 x 365] intentionally omitted <==

15

==> picture [720 x 540] intentionally omitted <==

----- Start of picture text -----

Mt Windsor Joint Venture – Exploration continuing
Kookaburra
----- End of picture text -----

  • Focused, Australian-based gold explorer

  • ~$2M cash at 2012 year-end

  • Accomplished team with strong discovery track record

  • Emerging gold system of significant size and scale at Jubilee Reef (~65% equity, increasing)

  • Multiple zones of mineralisation defined

  • ~4,000km[2 ] JV in North Queensland with exploration funded by Ramelius Resources

  • Highly leveraged to exploration success

==> picture [276 x 365] intentionally omitted <==

17

==> picture [162 x 165] intentionally omitted <==

Annual General Meeting 27 November 2012

==> picture [154 x 51] intentionally omitted <==

ASX Code: LTR

HOLEID Easting Northing Azimuth Dip DEPTH Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au) HOLEID Easting Northing Azimuth Dip DEPTH Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au)
From To Interval Grade From To Interval Grade From To Interval Grade From To Interval Grade
JLRR31 439155 9606320 335 -60 100 3 18 15 0.63 13 17 4 1.14 JBRRC045 439216 9605991 360 -60 135 8 82 74 1.8 12 32 20 2.33
20 47 27 0.63 28 33 5 1.59 50 73 23 2.93
62 80 18 0.90 62 73 11 1.12 76 82 6 1.46
JLRR9 439019 9606438 14 -60 125 19 26 7 0.27 84 86 2 0.58
83 89 6 0.29 97 104 7 0.44
91 92 1 1.06 91 92 1 1.06 124 129 5 0.99 127 128 1 3.65
JRRC-1 439300 9606350 290 -60 98 6 12 6 0.34 JBRRC046 439222 9606131 180 -60 135 48 51 3* 0.3
24 30 6 0.24 54 57 3 0.66 56 57 1 1.16
33 39 6 0.22 62 66 4* 0.43
57 63 6 0.22 105 112 7 0.34
75 81 6 0.28 118 130 12 1.23 122 128 6 2.11
JRRC-2 439000 9606245 360 -60 65 0 33 33 0.70 6 27 21 0.93
JBRRC047 439600 9606027 360 -60 140 104 107 3 0.19
42 57 13 0.90 48 51 3 3.00
109 112 3 2.11 109 112 3 2.11
JBRRC018 439042 9606254 335 -60 175 2 36 34 0.63 4 6 2 1.32
JBRRC048 439602 9606171 180 -60 39 Hole abandoned befor e reachingtarget depth
17 24 7 1.22
JBRRC049 439610 9606176 180 -60 79 Hole abandoned befor e reachingtarget depth
26 29 3 0.98
40 90 50 1.79 42 69 27 2.76 JBRRC050 439617 9606172 360 -60 130 24 28 4* 0.29
80 87 7 1.09 52 57 5 1.07 53 57 4 1.25
99 108 9 0.89 104 107 3 2.24 86 94 8 1.27 86 92 6 1.59
135 148 13 0.75 138 144 6 1.20 125 128 3 0.88 125 127 2 1.15
153 175 22 0.45 153 158 5 1.00 JBRRC051 439477 9606305 360 -60 190 16 32 16* 0.28 16 20 4* 0.66
JBRRC019 439136 9606272 335 -60 175 0 48 48 1.05 9 46 37 1.30 87 92 5 0.44
60 64 4 0.46 109 112 3 1.55 109 111 2 2.14
68 76 8 0.13 164 168 4* 0.36
88 92 4 0.31 180 188 4* 0.25
97 103 6 0.42 JBRRC052 439451 9606431 180 -60 120 17 59 42 0.5 18 22 4 1.1
JBRRC020 439064 9606418 155 -60 175 107 109 2 1.27 107 109 2 1.27 26 33 7 1.26
128 140 12 0.88 130 131 1 6.28 64 88 24* 0.16
148 160 12 0.54 91 98 7 0.76 93 97 4 1.05
JBRRC041 439030 9606208 360 -60 132 35 46 11 0.59 36 44 8 0.74 104 120 16 0.54 117 120 3 1.73
70 132 62 2.37 70 91 21 4.66 JBRRC053 439441 9606506 180 -60 112 12 16 4 0.36
94 99 5 1.00 22 28 6 0.68 22 25 3 1.08
102 132 30 1.40 56 59 3 0.52
JBRRC042 439029 9606364 180 -60 165 3 12 9 0.27 64 71 7 0.4
17 30 13 0.32 JBRRC054 439598 9606101 180 -60 84 23 36 13 0.24 23 24 1 1.02
40 57 17 0.25 JBRRC061 438980 9606267 360 -60 100 4 16 12 0.45
66 78 12 0.26 31 40 9 0.26
86 94 8 0.32 65 94 29 0.25
110 111 1 0.77 JBRRC062 438970 9606201 360 -60 150 27 71 44 0.43 32 44 12 0.68
114 117 3 1.16 114 117 3 1.16
48 49 1 1.39
129 152 23 0.50 133 137 4 1.49
74 97 23 0.38 77 86 9 0.55
154 165 11 0.30
99 105 6 0.33
JBRRC043 439120 9606236 360 -60 123 0 8 8 0.30 3 4 1 1.20
111 132 21 0.35
40 45 5 0.23
48 85 37 0.48 49 55 6 1.08 134 145 9 0.78 137 144 7 1.1
99 105 6 0.48 100 102 2 0.96 JBRRC063 438983 9606161 360 -60 200 140 150 10 0.77 141 148 7 0.98
112 119 7 0.57 114 115 1 1.65 153 159 6 0.7 154 155 1 2.99
JBRRC044 439123 9606356 180 -60 129 11 25 14 0.34 164 167 3 0.31
29 41 12 1.01 31 36 5 2.08 193 198 5 0.28
18 36 18 0.36 53 55 2 1.28 JBRRC064 439062 9606273 360 -60 80 4 12 8 0.44
66 73 7 0.86 70 72 2 2.38 14 32 18 0.43 21 26 5 0.89
80 84 4 0.63 82 83 1 1.41 45 66 21 0.62 45 55 10 0.89
89 100 11 0.27 JBRRC065 439064 9606161 360 -60 200 15 33 18 0.45 16 17 1 1.1
105 111 6 0.18 27 29 2 1.33

19

HOLEID Easting Northing Azimuth Dip DEPTH Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au) HOLEID Easting **Northing ** Azimuth Dip DEPTH Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au)
From To Interval Grade From To Interval Grade From To Interval Grade From To Interval Grade
JBRRC066 439024 9606164 360 -60 200 12 20 8 0.47 13 15 2 1.24 JBRRC081 438988 9606180 90 -60 81 1 15 14 0.18
31 40 9 0.28 31 45 14 0.49 32 33 1 1.53
64 69 5 0.17 62 73 11 0.3 62 63 1 1.36
75 81 6 0.27 JBRRC082 439494 9606423 270 -60 118 28 40 12* 0.21
89 91 2 1.3 90 91 1 2.48 48 64 16 0.86 48 59 11 1.16
110 114 4 0.22 JBRRC083 439568 9606430 270 -60 96 28 96 68* 0.32
132 200 68 1.5 133 161 28 1.95 JBRRC084 439545 9606428 270 -60 120 8 24 16* 0.43
162 183 21 1.46 JBRRC085 439645 9606427 270 -60 150 28 52 24* 0.39 32 36 4* 0.99
186 200 14 1.11 66 71 5 2 66 71 5 2
JBRRC067 439174 9606201 360 -60 124 67 73 6 0.36 68 70 2 0.89 75 100 25* 0.27
78 83 5 0.23 JBRRC086 439715 9606425 270 -60 85 36 44 8* 0.3 Hole abandoned before target depth
85 87 2 0.27 JBRRC087 439690 9606425 270 -60 32 Hole abandoned before target depth
93 103 10 0.68 99 103 4 1.22 JBRRC088 439715 9606260 270 -60 150 128 150 22* 0.27 144 148 4* 0.91
113 123 10 0.27 JBRRC089 439641 9606261 270 -60 119 4 16 12* 0.47 4 8 4* 0.91
JBRRC068 439166 9606260 360 -60 134 3 12 9 0.64 3 6 3 1.47 36 60 24* 0.52 40 44 4* 1.33
14 22 8 0.76 15 20 5 1.03 JBRRC090 439562 9606260 270 -60 114 4 32 28* 0.44 12 16 4* 1.7
27 58 31 0.52 27 34 7 0.83 72 88 16 1.8 72 87 15 1.92
50 52 2 1.23 JBRRC092 439315 9605865 115 -60 129 <0.1g/t Au
75 98 23 0.63 86 95 9 1.31 JBRRC093 439398 9605942 115 -60 99
JBRRC069 439164 9606371 360 -60 90 36 38 2 0.29 JBRRC094 439300 9606029 180 -60 87
54 56 2 0.39 JBRRC095 439296 9606078 180 -60 110
86 90 4 0.32 JBRRC096 439299 9606129 180 -60 130 113 118 5 12.4 113 117 4 15.44
JBRRC070 439220 9606098 180 -60 187 123 131 7 0.8 128 131 3 1.6 JBRRC097 439230 9606068 180 -60 100 7 16 9 0.48
150 153 3 0.43 20 31 11 0.73 24 30 6 1.15
175 177 2 0.4 33 41 8 0.45 38 39 1 1.19
JBRRC071 439600 9606291 180 -60 111 16 109 93 0.32 73 74 1 3.97 43 46 3 0.6
JBRRC072 439590 9606298 360 -60 150 8 24 16* 0.37 51 74 23 2.05 52 66 14 3.17
32 45 15 0.23 83 89 6 0.27
82 87 5 0.42 92 95 3 0.13
122 144 22 0.49 122 129 7 1.21 JBRRC098 439226 9606017 180 -60 100 5 23 18 0.48 10 11 1 1.13
JBRRC073 439604 9606428 180 -60 129 28 40 12 0.72 31 37 6 1.22 16 17 1 1.02
57 92 35 0.47 59 66 7 1.6 38 48 10* 0.28
JBRRC074 439594 9606428 360 -60 123 12 72 60 0.54 29 41 12 1.07 JBRRC099 439120 9606016 180 -60 153 4 12 8* 0.37
43 47 4 1.21 28 40 12* 0.2
55 61 6 0.93 92 104 12* 0.24
80 108 28 0.74 89 91 2 2.1 116 153 37* 0.55 124 148 24* 0.73
96 99 3 3.3 JBRRC100 439120 9605911 180 -60 150 16 108 92* 0.4 24 28 4* 1.1
JBRRC075 439601 9606548 180 -60 87 12 58 46 0.26 51 57 6 0.95 48 56 8* 1.11
JBRRC076 439582 9606522 180 -60 33 16 33 17 0.39 Hole abandoned before target depth 72 76 4* 0.78
JBRRC077 439587 9606521 180 -60 95 16 56 40* 0.22 JBRRC102 440002 9606218 180 -60 29 Hole abandoned before target depth
JBRRC078 439027 9606178 90 -60 80 4 9 5 0.15 JBRRC103 440017 9606217 180 -60 63 48 60 12* 0.27
13 19 6 0.21 JBRRC104 440001 9606192 180 -60 86 29 44 15* 0.66 32 40 8* 1.15
48 56 8 0.31 JBRRC111 439593 9606162 180 -60 130 Assays Pending
65 77 12 0.35 JBRRC112 439418 9606173 180 -60 100
JBRRC079 439015 9606245 90 -60 81 0 35 35 0.87 1 20 19 1.17 JBRRC113 439402 9606261 180 -60 105
22 24 2 0.86 JBRRC114 439398 9606309 180 -60 120
30 33 3 1.31 JBRRC115 439248 9606258 360 -60 100 8 36 28* 0.69 12 16 4* 2.73
67 81 14 0.56 28 32 4* 1.13
JBRRC080 438982 9606247 80 -60 130 1 63 62 0.75 35 56 21 1.24 JBRRC116 439249 9606310 360 -60 100 36 96 60* 0.34 40 52 12* 0.67
67 81 14 0.27 92 96 4* 0.63
83 87 4 0.41 JBRRC117 438945 9606035 360 -60 150 124 150 26* 0.42 124 128 4* 0.85
89 129 40 0.86 110 123 13 1.43 144 150 6* 0.61

20

HOLEID Easting **Northing ** Azimuth Dip DEPTH Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au)
From To Interval Grade From To Interval Grade
JBRRC118 438950 9606110 360 -60 120 Assays Pending
JBRRC119 438948 9605986 360 -60 117
JBRRC120 438945 9605916 360 -60 111
JBRRC121 439009 9605999 360 -60 150
JBRRC122 439000 9606068 360 -60 183
JBRRC123 439093 9606039 360 -60 150
JBRRC124 439078 9606097 360 -60 150
JBRRC125 439222 9605932 360 -60 153
JBRRC126 439204 9606689 360 -60 147
JBRRC127 439201 9606532 360 -60 130
  • •* 4m composite samples or part thereof

•Diamond core holes

Easting Northing Azimuth Dip DEPTH Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.1g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au) Significant Intersections(>0.5g/t Au)
From To Interval Grade From To Interval Grade
439036 9606240 360 -70 150.1 11 94.3 83.3 0.97 13 16 3 1.15
18 22 4 1.32
29 32.8 3.8 0.98
37.8 39.6 1.8 1.00
43.7 49.7 6 1.22
51.7 59.6 7.9 1.05
60.75 61.75 1 10.05
63.5 92.3 28.8 1.14
109 114.9 5.9 0.36
123.9 126.9 3 0.64
137 142.6 5.6 0.36
144.6 150.1 5.5 0.53 149.6 150.1 0.5 1.82
439220 9605980 360 -55 182 17.2 40.6 23.4 0.34
59.3 74.5 15.2 0.36
77.22 93 15.78 1.35 77.22 80.75 3.53 2.74
84.37 93 8.63 1.13
136.2 138.2 3 0.85 136.2 138.2 2 1.18

21

HOLEID Easting Northing Azimuth Dip DEPTH Signifcant Intersections(>0.1g/t Au) Signifcant Intersections(>0.1g/t Au) Signifcant Intersections(>0.1g/t Au) Signifcant Intersections(>0.1g/t Au) Signifcant Intersections(>0.5g/t Au) Signifcant Intersections(>0.5g/t Au) Signifcant Intersections(>0.5g/t Au) Signifcant Intersections(>0.5g/t Au)
From To Interval Grade From To Interval Grade
JRRC-4 441183 9607735 45 -60 102 0 6 6 0.25
60 69 9 0.19
90 93 3 9.5 90 93 3 9.5
JBRRC007 441187 9607804 135 -60 172 0 11 11 1.94 0 7 7 2.9
120 144 24 1.25 123 143 20 1.5
146 159 13 0.57 151 153 2 1.7
154 157 3 0.7
JBRRC008 441387 9607936 135 -60 139 28 30 2 0.32 28 29 1 0.5
JBRRC022 441075 9607750 155 -60 157 70 76 6 0.41
JBRRC024 441282 9607813 155 -60 103 28 48 20* 0.18
64 103 39 1.89 74 81 7 5.6
92 100 8 3.2
JBRRC025 441351 9607848 155 -60 110 33 60 27 1.12 42 52 10 2.7
JBRRC091 441415 9607933 155 -55 200 0 8 8* 0.31
JBRRC101 441125 9607804 155 -60 105 93 105 12* 3.82 93 101 8* 5.64
JBRRC105 441135 9607740 155 -60 135 0 60 60* 1.15 20 44 24* 2.46
JBRRC106 441214 9607784 155 -75 129 0 16 16* 0.17
44 104 60* 1.1 48 72 24* 1.5
80 88 8* 1.87
100 104 4* 0.64
JBRRC107 441194 9607842 155 -60 22 Hole abandoned before target depth
JBRRC108 441194 9607840 155 -60 120 <0.1g/t Au <0.5g/t Au
JBRRC109 441330 9607898 145 -55 151 100 128 28* 0.71 104 108 4* 1.03
112 124 12* 1.08
JBRRC110 441268 9607840 155 -60 180 88 132 44* 0.58 112 120 8* 0.89
128 132 4* 1.31
  • •* 4m composite samples or part thereof

22