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An update from Liontown Resources Limited ( (AU:LTR) ) is now available.
Liontown Resources reported its strongest quarter since production began at Kathleen Valley, underpinned by a fully underground operation running at an annualised 1.5Mtpa rate and stable processing performance. The company produced 96,367 dry metric tonnes of spodumene concentrate and sold 83,912 tonnes at an average grade of 5.1% Li2O, while maintaining FY2026 production guidance.
Improved spodumene market conditions lifted Liontown’s average realised price to US$1,845 per dmt SC6e, driving quarterly revenue to $197 million and positive operating cash flow of $55 million, resulting in net cash inflow of $33 million. The company ended the quarter with $424 million in cash, a net cash position following conversion of LG Energy Solution’s convertible notes, and has begun refreshing its expansion study with early works and long-lead procurement, signalling confidence in further growth.
Unit operating costs rose modestly to A$981 per dmt sold and all-in sustaining costs to A$1,251 per dmt, but the stronger pricing more than offset these increases, enhancing margins. With 26,270 dmt of saleable inventory on hand and underground ore now dominating plant feed, recoveries improved toward the 70% target into April, positioning Liontown for continued financial and operational momentum into the June quarter.
The most recent analyst rating on (AU:LTR) stock is a Buy with a A$2.85 price target. To see the full list of analyst forecasts on Liontown Resources Limited stock, see the AU:LTR Stock Forecast page.
More about Liontown Resources Limited
Liontown Resources Limited is an ASX-listed lithium producer focused on the Kathleen Valley project in Western Australia, supplying spodumene concentrate to the global battery and electric vehicle supply chain. The company operates a fully underground mine and is progressing expansion plans to increase capacity in response to improving market conditions for lithium products.
Liontown’s primary product is spodumene concentrate, complemented by tantalite concentrate, with operations geared toward meeting contracted offtake demand from major energy and battery sector customers. The business is positioned as a growth-oriented lithium player, leveraging rising spodumene prices and operational improvements to strengthen its financial profile and balance sheet.
Average Trading Volume: 27,266,739
Technical Sentiment Signal: Buy
Current Market Cap: A$7.25B
See more data about LTR stock on TipRanks’ Stock Analysis page.