Liontown Resources books $15.2m loss after | Australian Markets

Liontown Resources books $15.2m loss after Liontown Resources books $15.2m loss after

Liontown Assets books $15.2m loss after | Australian Markets


One-time market darling Liontown Assets has reported a half-year loss of $15.2 million as Australia’s latest lithium debutant begin its first full quarter of business manufacturing within the northern Goldfields.

The Tim Goyder-chaired miner on Friday mentioned it shipped 100,240 tonnes of spodumene focus within the six months to the top of December after turning out first manufacturing from Kathleen Valley close to Leinster in late July final yr.

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It achieved an average realised price of $US811/t to herald income of simply over $100m.

“Ramp-up of the Kathleen Valley processing plant and production has continually progressed in alignment with, and in some cases exceeded, expectations,” Liontown mentioned.

“As a result, the company’s board approved the declaration of commercial production at the Kathleen Valley processing plant with effect from 1 January 2025.”

Liontown revealed in November it could scale back manufacturing plans simply three months after it ship its maiden load of lithium to protect money because it waits out a depressed market that reveals few indicators of a sustained rebound in costs.

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