EL 30015 Bynoe Project Annual Technical Report for the period 4 March 2015 to 3 March 2016

Abstract

EL 30015 Bynoe Project is held by Orema Pty Ltd. The tenement was granted on 4 March 2014. Liontown Resources Ltd signed an agreement with Orema Pty Ltd in February 2016 whereby it may acquire 100% of their Bynoe Project (EL 30015 and EL 30012), located within the Bynoe area of the Northern Territory. EL 30015 has the Cox Peninsula Road passing through the north east of the tenement and hosts the historical Greenbushes/Barbara Bynoe Mine and several quarries. The main group of workings located within EL 30015 have been mined throughout the last century, mainly for tin and tantalum. Observation Hill is the main characteristic topographic feature. Liontown Resources Pty Ltd are completing the first systematic lithium focused exploration program over many of the prospects located within EL 30015. During the reporting period, historical data reviews were completed and relevant data was captured into GIS to assist with prioritisation of targets and field planning. This was followed by a helicopter assisted surface sampling program. 9 rock chip samples were collected and assayed from EL 30015. Further sampling programs, including RAB and/or RC drilling are to be conducted in the next reporting period to test the lithium potential at depth within many of the known pegmatite occurrences.