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LTR — Liontown News Story

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Brief: Liontown Says Board Approves Kathleen Valley Expansion

BRIEF-Liontown Says Board Approves Kathleen Valley Expansion 

- Liontown Ltd LTR.AX:

  • KATHLEEN VALLEY EXPANSION FINAL INVESTMENT DECISION

  • BOARD APPROVES KATHLEEN VALLEY EXPANSION TARGETING ~780,000 DMT/YEAR CONCENTRATE PRODUCTION

  • APPROVED EXPANSION CAPITAL OF A$389 MILLION WITH FORECAST PAYBACK OF 2.5 YEARS

  • EXPANSION TO INCREASE PROCESSING CAPACITY TO 4.2 MTPA, PEAK PRODUCTION OVER 800,000 DMT IN FY34

  • FY27 CAPEX GUIDANCE UPDATED TO A$435-A$495 MILLION

  • TARGETS UNIT OPERATING COSTS OF A$840-$920/DMT FOB AND SUSTAINING CAPITAL OF A$90-$100 MILLION/YEAR FROM FY30

  • ESTIMATES 210 FTE ROLES DURING CONSTRUCTION AND 185 ONGOING ROLES POST-EXPANSION

Further company coverage: LTR.AX


((Reuters.Briefs@thomsonreuters.com;))

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