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LIONTOWN RESOURCES LIMITED (ASX:LTR) - Ann: Prospectus for Non-Renounceable Issue, 37730664, page-13 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
LTR
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2.55% 80.5¢ liontown resources limited

More cash or shares to LTR not to far away to add to our...

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  1. Zammita
    552 Posts.
    lightbulb Created with Sketch. 124
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    12/03/19
    11:18
    Post #: 37730664
    More cash or shares to LTR not to far away to add to our 7.9million.
    CXO resource increasing through LTR sold Byne tenement.

     In addition, paying Liontown $1,500,000 in cash or CXO shares (at Core’s election) upon defining a JORC-compliant Mineral Resource totaling 5Mt within Liontown’s Bynoe tenure.

    Below is the latest resource estimate.
    Further Mineral Resource expansion expected in coming weeks including Mineral Resource Estimate upgrade for Hang Gong and Maiden Mineral Resource Estimate for Lees-Booths Link which both fall within Bynoe LTR sold tenenemt.
    IMO, l believe we have over 4mt Li in Bynoe to date and in the coming weeks it may exceed 5mt.
    This will mean an extra $1.5 million in cash or shares to develope KV and Baldania.


    https://hotcopper.com.au/data/attachments/1467/1467192-2b92d3def8fdfada6a16e2fc9e5a3757.jpg
    https://hotcopper.com.au/data/attachments/1467/1467183-67dad55bac02364d09fff34e3c14ea76.jpg
    LTR Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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