Liontown Resources Limited reported highly encouraging initial assay results from a partially completed maiden aircore drilling program at its 100%-owned Moora Project in Western Australia including potentially ore grade copper and gold values. The Moora Project is located 150km NNE of Perth, Western Australia in the same geological terrain as Chalice Mines Limited's world-class Julimar PGE-nickel-copper-gold discovery. The aircore drilling, which will resume in late January 2021, is designed to provide initial bedrock data beneath gold+PGE+nickel+copper anomalies defined by auger sampling completed last year. Holes are drilled to refusal, which is effectively the base of strong weathering and complete oxidation. Given the wide spacing of drill holes, the drilling is targeting geochemical haloes in the weathered, oxidised profile that may be associated with primary mineralisation in fresh bedrock. The assays received so far have defined an extensive copper-gold zone extending over 1km in length and up to 200m in width, coincident with elevated nickel (>250ppm) and platinum (up to 80ppb). Drilling has intersected quartzo-feldspathic gneiss with interlayered banded iron formation, mafic and ultramafic units. The copper-gold values listed in the highlights are hosted by completely weathered material and the original rock type cannot be determined; however, magnesium and chrome values indicate a mafic/ultramafic protolith. The association of anomalous copper-gold-nickel-platinum is interpreted to indicate magmatic sulphide mineralisation at depth and a 12-15 hole/1,500-2,000m RC drilling program has commenced to test beneath the better aircore intersections. The overall aircore program will comprise up to 200 holes for 12,000m, with 119 holes for 5,247m drilled before Christmas 2020 and the remaining drilling scheduled to commence before the end of January 2021. Assays have been received for the first 38 holes with results for the rest of the pre-Christmas drilling expected by the end of January 2021. Samples are initially assayed as 4m composites with 1m splits to be analysed where warranted. Regional auger sampling across previously untested, priority magnetic targets has also re-commenced and is ongoing. This work is expected to define further targets for drill testing and will be undertaken in parallel with ground-based Moving Loop Electromagnetic (MLEM) surveys to help refine drill targeting.