Key points
- Ramp-up continues with 81,341 dmt of spodumene concentrate shipped
- Solid financial performance with $16.7 million net cash from operations
- $192.9 million cash balance at 31 December 2024
Full summary
Liontown Resources Ltd (ASX: LTR) continued to execute its plan at the Kathleen Valley Lithium Operation during the December 2024 quarter, with production, cost, and shipments performing well in line with expectations. The company produced 88,683 dry metric tonnes (dmt) of spodumene concentrate, bringing the total produced since commencement to 116,854 dmt. Four shipments totalling 81,341 dmt were made, including the milestone first cargo to long-term customer LG Energy Solution. The operation generated $89.8 million in revenue and $16.7 million in net cash from operating activities. Unit operating costs were A$1,000 (US$652) per dmt of spodumene concentrate sold, and all-in sustaining costs were A$1,170 (US$763) per dmt. Liontown continues to ramp up production, with underground mining development progressing well and preparations for the transition to full underground operations in FY26 underway. The company also commissioned the tantalite circuit, marking another key milestone.
Guidance
Liontown expects unit operating costs (FOB excluding royalties) of A$775 - A$855 per dmt of spodumene concentrate sold for H2 FY25.
Outlook
Liontown remains focused on concluding the processing plant ramp-up, starting underground stoping production, and lifting processing plant performance. The company is well-prepared to support operations well into the future.