Kathleen

World class further upside

plus Moora

ANNUAL GENERAL MEETING

25 November 2020

ASX : LTR |17 FEBRUARY 2020

Important Information

CAUTIONARY STATEMENT

1 The production targets and forecast financial information referred to in the PFS & DSS are based on Proven Ore Reserves (19.7%), Probable Ore Reserves (69.8%) and Inferred Mineral Resources (10.5%). The Inferred material included in the inventory is 8.28Mt @ 1.36% Li2O & 120 ppm Ta2O5. The Inferred material has been scheduled such that less than 1Mt is mined in the first ten years, with 6.44Mt at the end of the underground mine life and 0.84Mt after year 25 for the open pit.

The Inferred material does not have a material effect on the technical and economic viability of the project.

There is a low level of geological confidence associated with inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of indicated Mineral Resources or that the production target itself will be realised.

FORWARD LOOKING STATEMENTS

This Presentation contains forward-looking statements which are identified by words such as 'may', 'could', 'believes', 'estimates', 'targets', 'expects', or 'intends' and other similar words that involve risks and uncertainties. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this Presentation, are considered reasonable. Such forward-looking statements are not a guarantee of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the Directors and the management. The Directors cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this Presentation will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. The Directors have no intention to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this Presentation, except where required by law or the ASX listing rules.

DISCLAIMER

Whilst care has been exercised in preparing and presenting this presentation, to the maximum extent permitted by law, Liontown Resources Limited and its representatives:

  • Make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation;
  • Accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and
  • Accept no responsibility for any errors or omissions from this Presentation.

COMPETENT PERSON STATEMENT

The Information in this Presentation that relates to Ore Reserves, Production Target and Pre-Feasibility Study (PFS) for the Kathleen Valley Project is extracted from the ASX announcement "Updated Kathleen Valley Pre-Feasibility Study delivers substantial increase in NPV to A$1.1 billion and mine life to ~40 years" released on 9th October 2020 which is available on www.ltresources.com.au

The Information in this Presentation that relates to Mineral Resources for the Kathleen Valley Project is extracted from the ASX announcement "Kathleen Valley confirmed as a world-class lithium deposit as Mineral Resource increases to 156Mt @ 1.4% Li2O" released on the 11th May 2020 which is available on www.ltresources.com.au.

The Information in this Presentation that relates to the Downstream Scoping Study (DSS) is extracted from the ASX announcement "Downstream Scoping Study: Kathleen Valley Lithium-Tantalum Project" released on 22 October 2020 which is available on www.ltresources.com.au

The Information in this Presentation that relates to Exploration Results for the Moora Project is extracted from the ASX announcements "Initial phase of exploration completed at 100%-owned Moora Nickel Project, located north-east of Perth in Western Australia", "Strong gold, PGE, nickel and copper anomalism returned from initial fieldwork completed at 100%-owned Moora Project, WA", "Further outstanding gold, PGE and nickel results from 100%-owned Moora Project, WA" and "Large, strong EM conductors identified at the Moora Project, WA" released on 16th April 2020, 13th May 2020, 13th July 2020 and 24th September 2020 which are available on www.ltresources.com.au

The Information in this Presentation that relates to Mineral Resources for the Buldania Project is extracted from the ASX announcement "Liontown announces maiden Mineral Resource Estimate for its 100%-owned Buldania Lithium Project, WA" released on the 8th November 2019 which is available on www.ltresources.com.au

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates or production targets or forecast financial information derived from a production target (as applicable) in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements.

2 | LIONTOWN RESOURCES ANNUAL GENERAL MEETING 2020

NOVEMBER 2020

Project Overview

Kathleen Valley Lithium Project

Moora

KALGOORLIE

PERTHBuldania

Lycopodium Minerals compiled the Kathleen Valley Pre-Feasibility Study (PFS) and Downstream Scoping Study (DSS) with the assistance of highly reputable and experienced consultants ensuring high standard studies

3 | LIONTOWN RESOURCES ANNUAL GENERAL MEETING 2020

Kathleen Valley (Lithium-Tantalum)

Moora (Gold-PGE-Nickel- Copper)

Buldania (Lithium)

Low Risk Assets

  • World-classscale and economics
  • 156Mt @ 1.4% Li2O and 130ppm Ta2O5
  • ~40 year mine life
  • High grade
  • Multiple upside opportunities
  • DFS due Q4 2021
  • Emerging mineral province
  • Unexplored
  • Strong early results
  • Drilling Q4 2020/Q1 2021
  • 15Mt @ 1.0% Li2O
  • Resource upside
  • 100% Ownership
  • Established infrastructure
  • Investor-friendlyjurisdiction
  • Highly credentialled management
  • Well funded (~$17M cash)*

*Refer Slide 22

NOVEMBER 2020

ESGE - Integral to the Future

E

S

G

E

Environment

Social

Governance

Economic

  • Commitment to minimise emissions, water usage & ground disturbance
  • Recognition of the Traditional Owners and their connection to country
  • Meaningful & mutually beneficial engagement with other local stakeholders
  • Integration of environment & social benchmarks within corporate governance
  • A strong ESGE framework = value for ALL stakeholders

Environment

Economic Social

Governance

4 | LIONTOWN RESOURCES ANNUAL GENERAL MEETING 2020

NOVEMBER 2020

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Liontown Resources Limited published this content on 25 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2020 02:26:02 UTC