Liontown (ASX:LTR) lifts cash to A$561m as Kathleen Valley ramps

• Liontown (ASX:LTR) reported June‑quarter net cash flow of A$137 million, lifting cash at bank to A$561 million with 21,384dmt of saleable inventory on hand.
• Quarterly spodumene concentrate production rose to 103kt, sales increased to 108kt at an average 5.0% Li₂O grade, and average realised price was US$1,880/dmt on an SC6 equivalent basis.
• Liontown (ASX:LTR) said record underground development of 3,316 metres is building towards a 2.8Mtpa ore mining run‑rate by end of FY27, with the next production step‑up expected from Q2 FY27.

Liontown (ASX:LTR) booked A$137 million of net cash flow in the June quarter, taking its cash balance to A$561 million as spodumene production and sales at Kathleen Valley supported strong operating cash generation.

The company said total underground ore mined reached 356kt and development advanced to a record 3,316 metres, up 35% on the March quarter.

“We achieved 103,111 tonnes of concentrate production and 108,489 tonnes of concentrate sales in the quarter, supported by a stabilised spodumene market with an average realised price of US$1,880 per tonne,” said Liontown Managing Director and CEO Tony Ottaviano.

Liontown reported that the process plant operated with 92% availability and average lithia recovery of about 63%, noting recoveries reached around 70% when feeding consistent underground ore and that the operations team continues to trial feed mixes to maximise recoveries.

The company stated that its expansion study is progressing on schedule, with a final investment decision targeted for the end of Q1 FY27.

FY26 guidance was delivered as concentrate production reached 392kt and sales totalled 382kt, with all‑in sustaining costs of A$1,314/dmt in Q4 and A$1,233/dmt for FY26.

Liontown said the spodumene market has stabilised following a strong rally earlier in the calendar year, with realised prices and operational performance supporting ongoing cash build.

The company continues to focus on opening additional underground mining fronts to lift ore access and flexibility, supporting planned production growth from Q2 FY27 and its stated longer‑term run‑rate targets.

At the time of reporting Liontown’s share price was AUD 1.10.