Liontown Resources: Steady Execution and Strengthened Liquidity

Liontown Resources Limited (ASX: LTR) delivered a strong September 2025 quarter, marked by solid operational performance and disciplined financial management. The company achieved a 105% increase in underground ore mined, reaching a 1Mtpa run-rate, while the Kathleen’s Corner open pit neared completion ahead of its December 2025 target. Processing operations maintained 92% plant availability, producing 87,172 dmt of 5.0% Li₂O concentrate despite lower recoveries from transitional ore sorting feed. Revenue for the quarter was AU$68 million, impacted by shipping delays and backward-linked pricing, while the cash balance surged to AU$420 million following a successful equity raise and Ford debt facility amendment. Liontown’s sustainability efforts progressed, including a partnership with the Royal Flying Doctor Service and an industry-first psychosocial wellbeing initiative. With strong liquidity and infrastructure in place, the company remains well-positioned for improved recoveries and cost efficiencies through FY26.

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