The Liontown Project is located 40km southwest of Charters Towers in North Queensland. It is accessed by the Flinders Highway and the Gregory Developmental Road. Tenure for the Liontown/Waterloo Project area comprises two exploration permits (or part thereof) and one mining licence.

Liontown Project Location

The project area lies within the Mt Windsor Sub‐province, which forms an east‐west trending belt extending for about 165km from the Leichardt Range, south of Ravenswood in the east, almost to Pentland to the west. Rocks of the sub‐province have been extensively intruded and dismembered along the northern margin by emplacement of the Ordovician to Permian Ravenswood Batholith and Lolworth Igneous Complex. A discontinuous cover of Tertiary alluvium, the Campaspe Formation, obscures much of the terrane.

 

Liontown Deposit

Mining at Liontown is estimated to have started on the gold-copper rich parts of the deposit in 1905, continuing until 1911. In 1952, a silver-lead lode, part of the Liontown Horizon was discovered and subsequently mined.

Mineralisation in the Liontown Horizon is developed in the basal siltstone unit of the hangingwall sequence, with the most consistent mineralisation lying immediately above the pumice breccia. Mineralisation is developed as multiple zones of stratiform, laminated, semi‐massive and rarely massive sulphide. The Liontown host rocks comprise a footwall sequence of dacitic pyroclastics termed pumice breccia, which has been strongly silicified and chlorite altered.

Liontown Long Section

 

Liontown Deposit Mineral Resource

Resource Category

Type

Tonnage (kt)

Cu (%)

Pb (%)

Zn (%)

Au (g/t)

Ag (g/t)

Zn Eq. (%)

Indicated

 

 

Fresh

334

0.4

1.9

4.6

1.2

20

8.3

Transition

34

0.5

1.3

4.0

1.4

29

7.6

Oxide

36

0.7

1.5

4.4

1.7

31

9.0

Sub Total

403

0.5

1.8

4.6

1.3

21

8.3

Inferred

Fresh

1,586

0.5

1.5

4.6

0.8

28

8.2

Transition

85

0.7

1.7

5.4

0.4

15

9.4

Oxide

184

1.0

1.3

4.7

0.8

12

9.3

Sub Total

1,855

0.5

1.5

4.6

0.8

26

8.4

Total

All

2,258

0.5

1.6

4.6

0.8

25

8.4

Total

Fresh/Trans

2,038

0.5

1.6

4.6

0.8

26

8.3

Tonnages and grades are rounded. Discrepancies in totals may exist due to rounding.

Source: Liontown Deposit JORC 2012 Resource Estimate (ASX Release, 24 June 2015)

 

Liontown East Deposit

The Liontown East deposit is located approximately 1km from the Liontown deposit and is located on EPM 14161. Liontown East was discovered in July 2016 by Red River, when the discovery hole (LTED01), was drilled to test the Liontown East coincident geochemical and geophysical target.  

The discovery hole LTED01 when it intersected intervals of massive and semi massive sulphides from 452.7m depth (28 July 2016). Since then 37 holes have been completed in and around the deposit with the results successfully defining a mineralised envelope of 250 m in strike length bearing 075° and 480 m down plunge length at 60° to the south east.

Red River announced a maiden Mineral Resource of 1.5Mt @ 12.2% Zn Eq. for the Liontown East deposit in July 2018

Liontown East Long Section

Liontown East Mineral Resource

Resource Class

Tonnage (kt)

Cu (%)

Pb (%)

Zn (%)

Au (g/t)

Ag (g/t)

Zn Eq. (%)

Measured

 

 

 

 

 

 

 

Indicated

 

 

 

 

 

 

 

Inferred

1,515

0.5

2.5

7.3

0.7

29

12.2

Total

1,515

0.5

2.5

7.3

0.7

29

12.2

Tonnages and grades are rounded. Discrepancies in totals may exist due to rounding.

It is Red River’s opinion that all elements included in the metal equivalent calculation have a reasonable potential to be recovered and sold.

Liontown Project

The Liontown Project consists of the Liontown and Liontown East deposits. Both deposits are part of the same system, and Red River has identified the potential for the known mineralisation at Liontown and Liontown East to extend into the Liontown Gap Target Area. Red River intends to carry out further drilling in this area to seeking to close the gap between the Liontown Mineral Resource and Liontown East Mineral Resource.

Liontown Gap Target Area

 

Liontown Project Mineral Resource

The combined Liontown Project Mineral Resource (Liontown and Liontown East) now stands at 3.6Mt @ 10.0% Zinc Equivalent.

Deposit

Resource Class

Tonnage (kt)

Cu (%)

Pb (%)

Zn (%)

Au (g/t)

Ag (g/t)

Zn Eq. (%)

Liontown

Measured

 

 

 

 

 

 

 

 

Indicated

367

0.5

1.8

4.6

1.3

21

8.3

 

Inferred

1,671

0.5

1.5

4.6

0.8

26

8.4

 

Subtotal

2,038

0.5

1.6

4.6

0.8

25

8.4

Liontown East

Measured

 

 

 

 

 

 

 

Indicated

 

 

 

 

 

 

 

 

Inferred

1,515

0.5

2.5

7.3

0.7

29

12.2

 

Subtotal

1,515

0.5

2.5

7.3

0.7

29

12.2

Combined

Measured

 

 

 

 

 

 

 

 

Indicated

367

0.5

1.8

4.6

1.3

21

8.3

 

Inferred

3,185

0.5

2.0

5.9

0.7

28

10.2

 

Total

3,553

0.5

2.0

5.7

0.8

27

10.0

Tonnages and grades are rounded. Discrepancies in totals may exist due to rounding.

Source: Liontown Deposit JORC 2012 Resource Estimate (ASX Release, 24 June 2015), Maiden Liontown East Mineral Resource (ASX Release, 18 July 2018)