Brief: Liontown Says Board Approves Kathleen Valley Expansion
BRIEF-Liontown Says Board Approves Kathleen Valley Expansion Sept 30 (Reuters) - 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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