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Calix Limited (ASX:CXL)

ALERT: Price-sensitive ASX Announcement for CXL
Current share price for CXL : $0.205 -0.14 (-40.58%)+
Announcement
Release
31 Jul 2026 10:06AM
Price at Release
$0.345
Full Release
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Summary
Calix Limited, an Australian industrial technology company, announced the receipt of a final A$5.7 million cash payment from PLS Group Limited as part of the restructure of their Mid-Stream Project. The Mid-Stream Demonstration Plant, officially opened in June 2026, is progressing well with the successful commissioning of the Calix electric calciner. This success marks a key milestone in the project, and the first production of spodumene calcination and lithium phosphate is anticipated for the September quarter of 2026.
Key Points
  • Calix Limited has received a second and final A$5.7m cash payment from PLS Group Limited under the Mid-Stream Project restructure.
  • The Mid-Stream Demonstration Plant was officially opened on 5 June 2026 at PLS’ Pilgangoora Operation.
  • Commissioning of the plant is proceeding to schedule with successful full heat cycles of the Calix electric calciner completed.
  • First spodumene calcination and lithium phosphate production is expected in the September quarter of 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.