Liontown Resources

Liontown presented a more constructive outlook on the lithium market at the Diggers & Dealers conference; CEO Tony Ottaviano highlighted stronger demand for spodumene, improved operational performance at Kathleen Valley and early expansion works. Liontown's stock rose more than 4% and triggered buying across the sector, with Pilbara, Core Lithium as well as IGO, Mineral Resources, Argosy and European Lithium also recording notable gains. The rally came despite falling lithium spot prices (around 140,000 yuan/tonne, down about 15% from the previous month) and was supported by hopes of stronger battery demand in China and bargain hunting after the prior sell-off. » Altro su de.investing.com

After a recovery in spodumene prices, Liontown is shifting from a capital-sparing to a growth strategy and plans a phased expansion of the Kathleen Valley mine. The company held $560m in cash at the end of June, aims to ramp up to 2.8mtpa by the end of fiscal 2027, and plans seven new mining benches, a larger vehicle fleet and debottlenecking of the plant. Management stresses a capital-efficient rollout, continued spending discipline and the option to scale back investments if market conditions weaken. » Altro su de.investing.com

Liontown generated positive net cash flow for the first time since production began in the March quarter 2026 and closed with $424m in liquid funds. Revenue rose 51 % to $197m mainly due to a price increase of 87 % to $1,845/dmt, while concentrate production was slightly down 9 % and sales volume fell 25 % due to cyclone delays. The ramp-up of the underground mine is ahead of schedule: an annualised production rate of 1.5 million tonnes has been reached, the processing plant showed 70 % recovery on underground ore, and management confirmed guidance for fiscal 2026. After the quarter, Liontown holds a net cash position of $61m; an additional $64m received in early April further strengthened liquidity. » Altro su de.investing.com