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LTR - Liontown Resources

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My first thread.What has caught my attention from this stock is the strength of the board and the amount of drilling going on this year.M.D Timthy Goyder holds 17.26% of shares and Craig Williams of Equinox company holds 9%.This year they're spending 3.253 million on their Mount Windsor project.Drilling is continuing with one drill running double shift and a second engaged in may.Definitely worth a read of their web page.Thinking of buying a few shares for longterm hold.
 
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MD Timothy Goyder now has bought 19% of company shares.Expecting more drilling results out in the next week.Historic records showing high zinc grades around 8 %.Double drilling in may on this Mount Windsor project and they expect to have a feasability study in full swing later in the year.This is the project they want up and running but will also begin drilling in June at Cowans project in W.A.:)
 
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A quick peek at the price movement over the 1Q07 has me stepping back.

At least it has a low amount of shares on offer - 79 million.
 
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New presentation out for liontown on website.Currently have 4 million in the bank with market cap of 22 million.Fairly tightly held group of shares.Extensive drilling program currently on and aiming to complete JORC at MOUNT WINDSOR near charters tower this year.Already some excellent zinc and silver results with ongoing drilling from two rigs.Accumulating more of these as I see good upside in these.:)
 

springhill

Make the drill work for YOU
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Liontown are busy drilling away in a JV project in Tanzania.

HIGHLIGHTS Jubilee Reef Joint Venture Project (inc. Masabi Hill)
• Combined RC/Aircore/Diamond core drilling program commenced with ~4,650m drilled by the end of the Quarter.
• Highly promising results returned from central zone at Masabi Hill with results to date including:
 JBRRC041 62m @ 2.4g/t Au from 70m including 21m @ 4.7g/t from 70m
• Second, new zone of strong gold mineralisation discovered near southern contact of Masabi Hill granitoid with best intersection of:
 JBRRC045 80m @ 1.7g/t Au from 8m including 20m @ 2.5g/t Au from 12m and 32m @ 2.3g/t Au from 48m
• Infill, shallow aircore drill traverses indicate potential for additional zones of plus 1g/t Au gold mineralisation at Masabi Hill. Better intersections include:
 JLRB576 8m @ 1.1g/t Au from 20m
 JLRB581 12m @ 1.5g/t Au from 16m
 JLRB590 8m @ 1.3g/t Au from 12m
• Results indicate potential for large gold system at Masabi Hill with multiple zones of plus 1g/t gold mineralisation.
• Three other gold prospects awaiting follow-up drilling at Jubilee Reef.

LTR have some really positive results, but the other drilling results are leaving alot to be desired with majority of holes <1g/t Au.

North Queensland Projects
• Agreement reached with Ramelius Resources Limited to incorporate the Panhandle and Keelbottom Projects in North Queensland into the existing Mt Windsor Joint Venture, which will ensure that a well funded exploration program will be completed on Liontown’s extensive land holding in 2012.
 

springhill

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Company presentation.
http://www.asx.com.au/asxpdf/20120806/pdf/427vqjnvfdcvyw.pdf

Exploration update.
Liontown Resources is pleased to release an updated presentation on the Company’s recent drilling program at Jubilee Reef in northern Tanzania.
The presentation includes previously unreported results for JBRRC066 (68m @ 1.5g/t gold from 132m) which was drilled at the Masabi Hill prospect down dip of JBRRC041 (62m @ 2.4g/t gold from 70m) which was released to the market in May 2012 (results for all holes drilled in 2012 are listed in Appendices 1 and 2 at the rear of the presentation).
The latest phase of drilling at Jubilee Reef commenced on 30 April 2012 and finished on 25 July 2012. The drilling program comprised 42 RC holes for 5,138m, 2 diamond core holes for 334m and 23 aircore holes for 621m.
Drilling is planned to re-commence in early September after results from the latest program are fully assessed. Results for 11 RC holes and the 2 diamond core holes are pending but all assays should be received by the end of August
 

greggles

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LTR up almost 60% today after announcing that surface samples of up to 4.6% Li2O confirm widespread lithium mineralisation at its Buldania Lithium Project in Western Australia.

Haven't been following this one, but the 60% spike in price today caught my attention while scanning the market.
 

greggles

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Liontown Resources has been on a steady uptrend over the last month as a result of continuing good drilling results at the company's 100%-owned Kathleen Valley Lithium-Tantalum Project in WA.

Results released on 4 April and 29 April are as follows:

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A further 6,000m Reverse Circulation (RC) drilling is planned. Drilling is being undertaken by two RC rigs and is expected to take 3-4weeks to complete.

Looks like there is anticipation that there are further good drilling results to come from the Kathleen Valley Project. LTR up another 16.13% to 3.6c so far today.

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Ann

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Up 48.98% to .073c so far today...

Liontown extends high-grade mineralisation at Kathleen Valley lithium-tantalum project

Ongoing resource expansion drilling at Liontown Resources’ (ASX: LTR) wholly-owned Kathleen Valley lithium-tantalum project in Western Australia continue to intersect thick zones of high-grade, mineralised pegmatite and extend the mineralisation beyond the current resource boundary.


Results for two recent holes confirm the north-western strike continuity of the project’s best-ever intercept reported last month of 52 metres at 1.4% lithium oxide.


Among the intersections from these latest holes was 18m at 1.6% lithium oxide from 189m, including 12m at 2.2% lithium oxide from 190m; and 48m at 1.4% lithium oxide from 242m, including 8m at 2.3% lithium oxide from 218m, and 4m at 2.2% lithium oxide from 272m.


The thicker intersections have been interpreted to be a merged zone resulting from the coalescing of the Kathleen Valley and Mt Mann pegmatite swarms.


This zone has been confirmed by assays over a minimum strike length of 200m.


Visually similar zones have been intersected in a number of additional holes for a further 400m along strike, with the mineralised trend remaining open to the north-west and at depth.


Assays for these holes are still pending. More...
 

Ann

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Up 19.05% today to .10c

Liontown Resources unearths another record thick high-grade lithium intersect at Kathleen Valley

Liontown Resources (ASX: LTR) has pulled up another record lithium intersection from a current resource expansion drilling program at the Kathleen Valley lithium-tantalum project in Western Australia.

This latest intersection was 90m wide grading 1.3% lithium from 209m down hole.

It beats the previous record intersection of 52m at 1.4% lithium from 199m that was reported in late April.

Mineralisation remains open at depth and to the north-west, with Liontown speculating the results indicate the shallow-dipping Kathleen’s Corner pegmatites are merging with the Mt Mann pegmatites at depth. More...
 

greggles

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Directors of LTR buying up big recently.

On 13 June, Steven Chadwick exercised 3.5 million unlisted options to pick up 3.5 million LTR shares at 3.5c. Sweet deal considering LTR is currently trading at 11.5c.
On 10 July, Craig Williams spent $54,444.85 buying 500,000 LTR shares on market.
On 11 July, Anthony Cipriano stumped up $52,500 to buy 500,000 LTR shares on market.

Liontown Resources is developing the 100% owned Kathleen Valley Lithium Project in WA. On Tuesday the company announced an updated Mineral Resource with an increase of 353% from 21.2Mt @ 1.4% Li2O and 170ppm Ta2O5 (September 2018) to 74.9Mt @ 1.3% Li2O and 140ppm Ta2O5.

This is one to watch if we see an upswing in the lithium price. LTR has been consolidating between 9.5c and 12c for the last couple of months but is making another run towards the top of that range today.

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kennas

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Liontown Resources is developing the 100% owned Kathleen Valley Lithium Project in WA. On Tuesday the company announced an updated Mineral Resource with an increase of 353% from 21.2Mt @ 1.4% Li2O and 170ppm Ta2O5 (September 2018) to 74.9Mt @ 1.3% Li2O and 140ppm Ta2O5.
Greg, what is good tonnage and % Li2O for reference? Is there a table / benchmark that you have handy? Cheers, kennas
 

greggles

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Greg, what is good tonnage and % Li2O for reference? Is there a table / benchmark that you have handy? Cheers, kennas
Hi Kennas, unfortunately I don't. I was hoping there would be someone with more knowledge than I who might chime in on that part of it. However, I have found some useful info at this link.

LTR has pushed through 12c today on good volume as I suspected they were going to. I think there may be a good trading opportunity here.
 

Zaxon

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It seems to be on quite a roll for the last few months. Hopefully, it will continue it's run into August.

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kennas

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It seems to be on quite a roll for the last few months. Hopefully, it will continue it's run into August.
So, this all started on 03 May, before the 'Spectacular intercept' announcement on 20 May. LOL. Pretty leaky ship there. Spectacular rise since then. These are the things specie minnow stock hunters love to get on before the pump and dump
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Given DFS not expected to be completed before the end of 2020 the current move will have to take a breather sometime. Lots of Punters made good profit on the way up so far … I'd definitely be taking some off the table if I owned it ….. unfortunately I don't:(
 
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Latest Activity - Moura Project Update

LTR has reported additional highly encouraging results from in-fill and extensional auger sampling at its 100%-owned Moora Project, located ~150km north-northeast of Perth in Western Australia.

Overview

The results are considered by LTR’s geological team to be exceptional for this early stage of exploration. They have expanded previously-identified strong gold, PGE, nickel and copper anomalism, as well as defining a number of new targets, which has further enhanced the project’s potential and helped pave the way for the next phase of exploration.

Results

The second auger program comprised 1,698 samples and was designed to both in-fill geochemical anomalies defined by wide-spaced 400m x 400m sampling completed during March and April 2020, as well as provide first-pass coverage across areas adjacent to the maiden sampling program.

Two highly anomalous areas have been defined by the latest geochemical sampling: firstly, the 15km long, north-west trending Mt Yule-Felton Corridor located in the western part of the Project, which is defined by the alignment of multiple, coincident gold, PGE and magnetic anomalies comprising individual assays of up to 925ppb gold (0.92g/t Au), 75ppb palladium + platinum (Pd+Pt), 492ppm nickel (Ni) and 884ppm copper (Cu), along with multiple, plus-100ppb gold (0.1g/t Au) zones.

The second area identified is the 7km x 7km Bindi Nickel area, located within the central part of the project, which includes a number of strong nickel anomalies with values of up to 1,720ppm Ni, consistent with historical exploration results that include significant shallow drill intersections (e.g. up to 21m @ 0.6% Ni from 1.5m).

Technical Significance

LTR’s Managing Director, Mr David Richards, believes the auger geochemistry at Moora has produced some of the best early-stage exploration results that he had seen in his +35-year career. The coincidence of extensive high-order gold-PGE-nickel anomalism with large magnetic bodies indicates the potential for a mineralised system of significant scale.

The Mt Yule – Felton Corridor (MYFC) represents a 15km long, 2.5km wide, northwest-trending zone that contains numerous gold-PGE anomalies coincident with magnetic highs, which are indicative of near-surface, mafic-ultramafic intrusions obscured by shallow cover. The corridor transitions from being gold-dominant in the northwest to PGE-dominant in the southwest.

The high gold, PGE, nickel and copper results suggest that the interpreted mafic-ultramafic intrusions within the MYFC are analogous to similar units that host the Julimar discovery ~95km south of the Moora Project, where Chalice Gold (ASX: CHN) recently announced a sulphide-related intersection of 10m @ 1.2g/t Au, 3.5g/t Pd+Pt, 0.1% Ni and 1.3% Cu.

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Figure 1: Moora Project, aerial photograph over regional aeromagnetic image showing anomalous areas define by auger geochemistry

Secondly, the Bindi area has defined a number of nickel anomalies (up to 1,720ppm Ni), including several that are coincident with mafic-ultramafic bodies mapped by government geologists. The potential for nickel within the Bindi area was originally identified by Poseidon Limited in 1968, with shallow RAB drilling returning a number of significant intersections including 9m @ 0.62% Ni from 0m, 11.5m @ 0.60% Ni from 1.5m and 21m @ 0.57% Ni from 1.5m.

The area drilled by Poseidon is coincident with LTR’s northern-most nickel anomaly and the intersections were reported to be hosted by strongly-weathered, oxidised ultramafic rocks. Poseidon interpreted the elevated nickel values to be related to primary sulphides at depth based on the steep orientation of the mineralised zones and the presence of anomalous (>300ppm) copper nearby. Further work was planned by Poseidon, however its focus shifted to the Eastern Goldfields following its discovery of the Windarra nickel deposit which triggered the Nickel Boom.

Next Steps

An airborne electromagnetic (AEM) survey is scheduled to commence during early August 2020, which will cover the entire project area with 200m-spaced lines. Electromagnetic techniques have proven to be effective elsewhere in the region, including Julimar, for defining sulphide bodies. The results of the survey, which are due by late August, will be combined with the auger geochemistry to plan a maiden drilling program. LTR will also extend auger sampling across the remainder of the project area with a focus on yet-untested magnetic anomalies.

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Figure 2: Moora Project: Location plan and regional geology.

Summary

The latest results at Moora are considered by LTR’s geological team to be exceptional for this early stage of exploration. They have expanded previously-identified strong gold, PGE, nickel and copper anomalism, as well as defining a number of new targets, which has further enhanced the project’s potential and helped pave the way for the next phase of exploration. The coincidence of extensive high-order gold-PGE-nickel anomalism with large magnetic bodies indicates the potential for a mineralised system of significant scale.

-
Gavin Wendt
 
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