• Liontown reported a strong financial performance with $137 million net cash flow
• Underground development reached a record 3,316 meters
• The company aims to achieve a 2.8 Mtpa mining run-rate by the end of FY27
• Cash balance stood at $561 million with 21,384 dmt of saleable inventory

Liontown Resources Ltd. reported a strong financial performance for the June 2026 Quarter, with a net cash flow of $137 million, bringing the cash balance to $561 million. The company achieved a record 3,316 meters of underground development, setting the foundation for production growth from Q2 FY27. Total spodumene concentrate produced was 103,111 dmt, while 108,489 dmt of concentrate was sold at an average grade of 5.0 per cent Li2O. The spodumene market stabilized with an average realized price of US$1,880 / dmt, supporting strong cash generation. The company's financial strength and market position enable it to pursue value-accretive growth.

FY27 Concentrate produced 390 - 440 kdmt, Unit operating costs (FOB) A$ / dmt sold 1,050 - 1,250, Total capex A$ m 320 - 370

Liontown remains on track to achieve a 2.8 Mtpa mining run-rate by the end of FY27, with the next step-up in production expected from Q2 FY27.