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Liontown Resources Limited ( (AU:LTR) ) has issued an update.
Liontown Limited has begun early works and long-lead procurement to support a staged expansion of its Kathleen Valley Lithium Operation in Western Australia, ahead of a final investment decision expected at the end of Q1 FY2027. The program includes purchasing a 5.5MW ball mill, pre-development drilling at the Northwest Flats orebody, construction of Stage 1 of a permanent mine services area and underground development to access new ore, with a view to lifting plant throughput and recovery.
Additional initiatives encompass procuring a third paste plant pump, accelerating pastefill capacity and mobilising a dedicated expansion project team with associated site infrastructure. Liontown expects to spend about A$15-18 million on early works in FY2026 and up to A$77 million before the investment decision, aiming to reduce schedule and cost risk while positioning the business to capture upside from a strengthening lithium market and enhance value from its flagship operation.
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 Limited is an ASX-listed battery minerals producer focused on lithium, with two major deposits in Western Australia. The company targets the growing electric vehicle and energy storage supply chain by providing spodumene concentrate and exploring options to move further downstream where ownership of high-quality deposits offers a competitive edge.
Average Trading Volume: 27,309,352
Technical Sentiment Signal: Buy
Current Market Cap: A$7.12B
See more data about LTR stock on TipRanks’ Stock Analysis page.