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Liontown Limited (ASX:LTR)

ALERT: Price-sensitive ASX Announcement for LTR
Current share price for LTR : $1.200 -0.01 (-0.83%)+
Announcement
Release
28 Oct 2025 9:28AM
Price at Release
$1.210
Full Release
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Summary
The September 2025 Quarterly Presentation for Liontown Resources Limited highlighted the company's operational and financial performance. Key achievements included a 105% increase in underground ore mining, with operations achieving a 1Mtpa run-rate on schedule by September. The company maintained a strong cash position of A$420M, bolstered by an equity placement and deferred Ford debt repayments. Revenues were impacted by port congestion, resulting in a 29% decrease to A$68M from the previous quarter. The average realised price for lithium concentrate was down 5% to US$700/dmt. Operating costs rose due to planned drawdowns and lower recoveries, but cost reductions are anticipated as cleaner underground ore becomes the dominant feed. Open pit operations are on track to conclude by December 2025, transitioning to fully underground operations. The presentation also noted ongoing improvements in plant recovery rates and infrastructure stability, with a target to reach 70% recovery by March 2026.
Key Points
  • Operational performance aligned with planned strategies.
  • 105% increase in underground ore mining achieving 1Mtpa run-rate.
  • Strong cash position at A$420M post equity placement and Ford debt amendment.
  • Revenue decreased by 29% due to port congestion and lower realised prices.
  • Unit operating costs increased, trend expected to reverse as underground ore becomes primary feed.
  • Open pit mining nearing completion with transition to underground by December 2025.
  • Infrastructure enhancements and recovery initiatives in place to improve future performance.
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.