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Liontown Resources Limited ( (AU:LTR) ) has shared an update.
Liontown Resources reported a sharp increase in half-year production and revenue as its Kathleen Valley mine completed the transition to a 100% underground operation and achieved a one million tonne per annum run-rate. Spodumene concentrate output rose 70% to about 193,000 dmt, sales volumes more than doubled, and average realised prices improved, though the business remained in ramp-up with underlying EBITDA slightly negative as unit operating costs, while trending down, stayed above A$980 per dmt.
The company posted a statutory loss of A$184 million, largely driven by a non-recurring non-cash charge on an LGES convertible note that has since been converted to equity, significantly deleveraging the balance sheet and leaving cash of A$390.5 million. With gearing roughly halved, Ford debt repayments deferred by 12 months and spodumene prices strengthening, Liontown expects stronger cash generation in the second half and is advancing a study to expand Kathleen Valley to 4 Mtpa, underscoring its ambition to grow output and cement its position among a small group of producers able to rapidly bring additional lithium supply to market.
The most recent analyst rating on (AU:LTR) stock is a Hold with a A$1.50 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 is an Australian lithium producer focused on its Kathleen Valley operation, which now operates as a fully underground mine. The company supplies spodumene concentrate into the global battery materials market and is positioning itself as a scalable, brownfield growth player able to quickly add lithium tonnes through planned capacity expansions.
Average Trading Volume: 27,459,805
Technical Sentiment Signal: Buy
Current Market Cap: A$5.02B
Find detailed analytics on LTR stock on TipRanks’ Stock Analysis page.