Name of the Project
Kathleen Valley lithium/tantalum project.

Location
North-eastern Goldfields of Western Australia.

Project Owner/s
Liontown Resources.

Project Description
Kathleen Valley has an ore reserve of 71-million tonnes grading 1.40% lithium oxide and 130 parts per million of tantalum pentoxide.

The project has a mine life, at two-million tonnes a year, of about 40 years to produce 350 000 t/y of spodumene concentrate and 430 00 t/y tantalum pentoxide.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a real 8% discount rate, of A$1.12-billion and an internal rate of return of 37%, with a payback of three years.

Capital Expenditure
A$325-million.

Planned Start/End Date
Liontown is aiming to produce first tonnes from Kathleen Valley by mid-2024, one year ahead of the previously reported schedule.

Latest Developments
Liontown Resources will raise A$52-million to accelerate the development of its Kathleen Valley lithium-tantalum project.

The company will issue 68.42-million shares, at 76c each, to institutional and sophisticated investors under its existing placement capacity.

The proceeds of the placement will increase Liontown’s cash and liquid position to about A$67-million, putting it in a strong position to execute elements of its growth and accelerated production strategy, with the aim of brining the Kathleen Valley project into production as quickly as possible.

In parallel with the definitive feasibility study being undertaken for Kathleen Valley, Liontown is also seeking to secure near-term offtake arrangements, advance project funding strategies and place orders for long-lead items.

Key Contracts, Suppliers and Consultants
Lycopodium Minerals (DFS – process engineering), Snowden Mining Industry Consultants (DFS – mine engineering), Knight Piésold (DFS – tailings and hydrogeological engineering), MBS Environmental (DFS – environmental and permitting) and ALS Metallurgy (DFS– metallurgical testwork).

Contact Details for Project Information
Liontown Resources, tel +61 89322 7431 or email info@ltresources.com.au.