EL 30012 Bynoe Project Annual Technical Report for the period 22 April 2015 to 21 April 2016

Abstract

EL 30012 Bynoe Project is held by Orema Pty Ltd. The tenement was granted on 22 April 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 30012 has the Fog Bay Road passing through the north of the lease, and the Litchfield National Park Road passing nearby to the east and can be accessed by various dirt tracks. EL 30012 hosts the historical abandoned Annie Creek Mine, Pickett's/Saffums/Bilatos Mines, Sabine Mine and several quarries. The main group of workings located within EL 30012 have been mined throughout the last century, mainly for tin and tantalum. Liontown Resources Pty Ltd are completing the first systematic lithium focused exploration program over many of the prospects located within EL 30015 and EL 30012. 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. 5 rock chip samples were collected and assayed from EL 30012. 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.