Liontown Resources Limited announced that it has significantly increased its exploration footprint near its 100%-owned Moora Project in Western Australia's emerging Julimar Mineral Province after executing a Binding Term Sheet which gives it the right to acquire a 51% interest in the adjacent Koojan Project from ASX-listed Lachlan Star Limited. Lachlan Star's interest in the Koojan Project is held via a 50% ownership of Coobaloo Minerals Pty Ltd. with private group Wavetime Nominees Pty Ltd. holding the remaining 50%. Lachlan Star acquired its equity in Coobaloo in late 2020 and will increase its holding in the Coobaloo to 75% once it has spent $350,000 on in-ground exploration. Liontown can acquire 51% equity in the Koojan Project by spending a total of $4 million on exploration within 5 years with a minimum expenditure commitment of $500,000 before having the right to withdraw. The agreement with Coobaloo means that Liontown has more than doubled its exposure to the highly prospective region, increasing the area available for the Company to explore from 467km2 to 1,068km. The Koojan and Moora Projects are located 130-150km north-northeast of Perth in Western Australia in the same geological terrain as Chalice Mines Limited's world-class Julimar PGE-nickel-copper-gold discovery. The largely contiguous Koojan Project abuts the western boundary of the Moora Project, where Liontown has defined extensive, coherent gold-PGE-nickel-copper anomalism coincident with magnetic highs interpreted to be indicative of sediment-covered, mafic-ultramafic intrusions similar to the host lithology of the Julimar mineralisation. Initial results from a maiden air-core drilling program on the Moora Project have confirmed the potential for significant bedrock mineralisation with intersections of up to 10m @ 1.9% Cu and 12m @ 0.5g/t gold. Assays are pending for a further 81 drill holes and follow-up Reverse Circulation (RC) drilling is in progress. Interpretation of regional datasets indicate two possible, prospective mafic-ultramafic trends within the Koojan Project including: An eastern trend which appears to be the northern extension of Liontown's Mt Yule ­ Felton Corridor (MYFC), which is defined by coincident geochemical (gold+PGE+Ni+Cu) and magnetic anomalism and which includes the drill intersections referred to above; and A western trend which regional aeromagnetic data indicate is the northern extension of the mafic-ultramafic corridor hosting the Julimar discovery 80-90km to the south. Exploration completed by Lachlan Star on the Koojan Project comprises a geological review, limited reconnaissance rock chip sampling and an Airborne Electro-Magnetic survey flown in August 2020. There has been no systematic geochemical sampling or drilling on the Project. Planning has commenced to undertake auger sampling at the Koojan Project as soon as access agreements have been finalised with landowners, several of whom Liontown is already working with on the Moora Project. Magnetic highs and adjacent areas will be prioritised for sampling.