June 2026 Quarterly Activities and Cashflow Report

• Net cash flow of $137 million lifts cash balance to $561 million
• Underground development hits a record 3,316 metres, supporting production growth
• FY26 guidance delivered, with FY27 guidance issued

Liontown Resources Ltd delivered another strong financial performance for the June 2026 quarter with $137 million of net cash flow, bringing the cash balance to $561 million. The company achieved a record 3,316 metres of underground development, up 35% quarter-on-quarter, building toward the 2.8 Mtpa ore mining run-rate target by end of FY27. Total spodumene concentrate produced for the quarter was 103,111 dmt, while 108,489 dmt of concentrate was sold at an average grade of 5.0% Li2O. The spodumene market stabilized with an average realized price of US$1,880/dmt achieved for the quarter. The company also made progress on the expansion works for Kathleen Valley, with a formal Final Investment Decision expected at the end of Q1 FY27.

FY27 concentrate production guidance: 390-440 SC6 kdmt; Unit operating costs (FOB): A$1,050-1,250/SC6 dmt sold; Total capex: A$320-370m

Liontown Resources Ltd expects FY27 to be a year of investment, with additional development ahead of production to fortify the 2.8 Mtpa ramp-up and set up the proposed expansion of Kathleen Valley.