Liontown Resources Limited announced that Non-Executive Director, Steven Chadwick, has announced his retirement from the Company's Board, effective from 4 July 2022. Mr. Chadwick, who is one of Australia's most highly regarded senior mining executives, joined the Liontown Board in January 2019 and has played an instrumental role in the Company's growth and success over the past three years. Drawing on his vast operational and technical experience and strong metallurgical background, he helped to guide the Company's technical team in many key areas of the Definitive Feasibility Study (DFS) and metallurgical test work program on the Company's world-class Kathleen Valley Lithium Project in Western Australia.

The rigorous metallurgical test work program (which ran for over a year) and high-calibre technical work completed as part of the DFS has helped to position Liontown for success as a second-generation lithium developer. Mr. Chadwick's retirement follows the Board having recently endorsed a Final Investment Decision (FID) to progress development of the Kathleen Valley Lithium Project . Having achieved FID, Mr. Chadwick felt this would be an appropriate time to announce his retirement.

Mr. Chadwick's decision to retire also follows the appointment of highly experienced mining engineer Shane McLeay to the Liontown Board as an Independent Non-Executive Director in May 2022, ensuring an appropriate balance of skills, capabilities and experience within the Liontown Board as the Company prepares to embark on the transition to developer. While retiring from the Company's Board, Mr. Chadwick remains available to provide technical advisory support to the Company as required from time to time.