Liontown Resources Ltd
F:LIS
Liontown Resources Ltd
Liontown Resources Ltd. engages in the exploration and evaluation of minerals. The company is headquartered in Perth, Western Australia. The company went IPO on 2006-12-27. The firm has a Tier-1 discovery at its flagship Kathleen Valley Lithium-Tantalum Project in Western Australia. Its projects also include Buldania Project, Moora Gold-PGE-Ni-Cu Project and Toolebuc Vanadium Project. The Buldania Project is the Company’s second hard-rock lithium project in Western Australia, located in the southern part of the Eastern Goldfields Province. The Moora Project comprises three contiguous, granted exploration licenses, including E70/5217, E70/5286 and E70/5287, which forms approximately 467 Square kilometer (km2). The Toolebuc Vanadium Project is located close to existing infrastructure, including a gas pipeline, a major highway and railway linked to Townsville Port.
Liontown Resources Ltd. engages in the exploration and evaluation of minerals. The company is headquartered in Perth, Western Australia. The company went IPO on 2006-12-27. The firm has a Tier-1 discovery at its flagship Kathleen Valley Lithium-Tantalum Project in Western Australia. Its projects also include Buldania Project, Moora Gold-PGE-Ni-Cu Project and Toolebuc Vanadium Project. The Buldania Project is the Company’s second hard-rock lithium project in Western Australia, located in the southern part of the Eastern Goldfields Province. The Moora Project comprises three contiguous, granted exploration licenses, including E70/5217, E70/5286 and E70/5287, which forms approximately 467 Square kilometer (km2). The Toolebuc Vanadium Project is located close to existing infrastructure, including a gas pipeline, a major highway and railway linked to Townsville Port.
Production: Kathleen Valley has completed the transition to 100% underground mining; the plant processed just over 1.2 million tonnes in H1 with recoveries averaging 61% and concentrate of 193,000 tonnes produced.
Financials: Statutory loss was $184 million for the half driven by a noncash derivative charge, higher depreciation and ramp-up effects; underlying EBITDA was a loss of $8 million and underlying net loss was $89 million.
Prices & revenue: Revenue was over $208 million (more than double the prior corresponding period) and realized price per tonne (new methodology) was $888, up 18% period-on-period.
Costs: Unit operating cost rose to $985 per tonne (driven by mining mix, crushing/sorting of OSP and underground mining); sustaining capital in the half was $16 million.
Balance sheet: Cash closed at $390 million; LG Energy Solution conversion (4 Feb) removed $482 million of liabilities and a $58 million gain will be recognized in H2.
Growth optionality: A brownfield 4 million tonne expansion study is underway and will be presented to the Board in Q1 FY'27; management expects brownfield expansion can be delivered materially faster than greenfield projects.
