Liontown Resources Limited announced that it has received all assays from a recently completed drilling program targeting the potential for resource growth and new discoveries at its Buldania Lithium Project ("Buldania Project"), located approximately 600km east of Perth in the south-eastern Goldfields region of Western Australia. Liontown holds 100% of the rights to lithium and related pegmatite-hosted minerals within the Buldania Project. The drilling program, which comprised 42 reverse circulation (RC) drill holes (BDRC0179-0220) for a total of 6,338m, was designed to test multiple targets including: Shallow extensions to the Anna Deposit, particularly "up-dip"; Regional geochemical/geological targets within the north-west part of the project ("Northwest Prospect"); and Multi-element soil anomalies extending north-east from the Anna Deposit.

Liontown has been actively exploring the Buldania Project since early 2018 after acquiring 100% of the rights to lithium and related metals from Avoca Resources Pty Ltd. (a wholly-owned subsidiary of Karora Resources Inc). Liontown initially focused on the spodumene-bearing Anna pegmatite, partially delineated by previous nickel and gold explorers, with drilling by the Company subsequently defining a maiden Indicated and Inferred Mineral Resource Estimate (MRE) of 15Mt at 1.0% Li2O and 44ppm Ta2O5, containing 140,000t of Li2O. The mineralised system at Anna has been defined over 1.4km of strike and remains open at depth.

A second spodumene-bearing pegmatite swarm has been discovered at the Northwest Prospect. Exploration at Buldania provides the Company with the opportunity for organic growth of its 100%-owned, West Australian-based lithium resource base, which also includes the world-class Kathleen Valley Lithium Project.