Liontown Says Board Approves Kathleen Valley Expansion

By Reuters News

Sept 30 (Reuters) - Liontown Ltd LTR.AX:

  • KATHLEEN VALLEY EXPANSION FINAL INVESTMENT DECISION

  • BOARD APPROVES KATHLEEN VALLEY EXPANSION TARGETING ~780,000 DMT/YEAR CONCENTRATE PRODUCTION

  • APPROVED EXPANSION CAPITAL OF A$389 MILLION WITH FORECAST PAYBACK OF 2.5 YEARS

  • EXPANSION TO INCREASE PROCESSING CAPACITY TO 4.2 MTPA, PEAK PRODUCTION OVER 800,000 DMT IN FY34

  • FY27 CAPEX GUIDANCE UPDATED TO A$435-A$495 MILLION

  • TARGETS UNIT OPERATING COSTS OF A$840-$920/DMT FOB AND SUSTAINING CAPITAL OF A$90-$100 MILLION/YEAR FROM FY30

  • ESTIMATES 210 FTE ROLES DURING CONSTRUCTION AND 185 ONGOING ROLES POST-EXPANSION

Further company coverage: LTR.AX

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.