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Liontown Resources Limited ( (AU:LTR) ) has provided an announcement.
Liontown Resources reported a pivotal December quarter as it completed the transition of its flagship Kathleen Valley project to a fully underground operation, achieving a 21% quarter-on-quarter increase in concentrate production to 105,342 dmt at 5.1% Li₂O and a 37% lift in underground ore mined to 308 kt. The shift underground helped drive a 17% reduction in unit operating costs to A$910/dmt FOB and a 22% improvement in all-in sustaining costs to A$1,059/dmt, allowing the business to be broadly cashflow-neutral from operations, while revenue surged 91% to A$130 million on six concentrate shipments totalling 112,122 dmt. With an underground run-rate of 1 Mtpa already achieved, Liontown is targeting 1.5 Mtpa by the end of the third quarter of FY26 and 2.8 Mtpa steady-state by the end of FY27, underpinned by improving lithia recoveries as higher-grade underground ore becomes the dominant feed. The company also strengthened its commercial position through an inaugural spodumene spot auction that cleared at US$1,254/dmt SC6 and a new binding offtake agreement with Canmax for 150,000 wmt per year in 2027 and 2028, leaving it with A$390 million in cash and 13,800 dmt of saleable inventory going into the next phase of ramp-up.
The most recent analyst rating on (AU:LTR) stock is a Sell with a A$1.70 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 Lithium Operation in Western Australia. The company is transitioning from open-pit to fully underground mining, producing spodumene concentrate for the global lithium-ion battery and electric vehicle supply chain, and has been expanding its sales channels through term offtake agreements and spot market auctions.
Average Trading Volume: 23,231,471
Technical Sentiment Signal: Buy
Current Market Cap: A$6.44B
See more insights into LTR stock on TipRanks’ Stock Analysis page.