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Liontown Limited (ASX:LTR)

ALERT: Price-sensitive ASX Announcement for LTR
Current share price for LTR : $1.225 -1.205 (-49.59%)+
Announcement
Release
30 Apr 2026 9:05AM
Price at Release
$2.430
Full Release
download
Summary
Liontown Limited reported its strongest financial quarter since production commenced, with significant achievements in both operational and financial metrics during the March 2026 quarter. The company successfully ramped up its underground mining operations ahead of schedule, reaching a 1.5 Mtpa annualised run-rate. Production remained on track despite fewer operating days due to planned shutdowns, with 96,000 dmt produced and 84,000 dmt sold. The average realised price increased by 87% to US$1,845 per dmt, contributing to a revenue of $197 million, a 51% increase from the previous quarter. The company's cash balance reached $424 million. Key operational highlights include a significant shift to underground ore, which led to improved plant recovery rates, achieving up to 70% recovery at the quarter's end. Liontown is proceeding with early works for the expansion of its Kathleen Valley Lithium Operation to capitalize on favorable market conditions.
Key Points
  • Strongest financial quarter since production began.
  • Achieved 1.5 Mtpa underground run-rate ahead of schedule.
  • Production on track with 96,000 dmt produced.
  • Sales of 84,000 dmt with significant inventory at port.
  • 87% increase in average realised sales price to US$1,845/dmt.
  • Revenue increased 51% to $197 million.
  • Cash balance increased to $424 million.
  • Improved plant recovery rates with up to 70% recovery achieved.
  • Proceeding with early works for Kathleen Valley expansion.
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.