- Liontown has revealed its maiden mineral resource at its fully owned Buldania lithium project in Western Australia
- The resource forecasts the project to contain 144,530 tonnes of lithium oxide or 372,889 tonnes of lithium carbonate equivalent
- The company expects it is likely new lithium discoveries will be made at its project
- At market close, Liontown’s share price dropped 2.02 per cent and is currently sitting at 9.7 cents each
Lithium producer Liontown has announced its maiden mineral resource at its fully owned Buldania project in Western Australia.
As announced to the Australian market today, the project has a maiden resource of 14.9 million tonnes at 0.97 per cent lithium oxide and 44 parts per million of tantalum pentoxide.
This is forecast to contain 144,530 tonnes of lithium oxide or 372,889 tonnes of lithium carbonate equivalent.
The company advised 60 per cent of the mineral resource is classified as indicated. Additionally, it expects more lithium discoveries will be made at the project.
Liontown describes Buldania as a complement to its flagship Kathleen Valley lithium project which has a resource estimate of 74.9 million tonnes at 1.3 per cent lithium oxide and 140 parts per million of tantalum pentoxide.
At market close, Liontown’s share price dropped 2.02 per cent and is currently sitting at 9.7 cents each.