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Liontown (LTR) investor relations material
Liontown Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Underground ramp-up advanced with record 4,021 m development, supporting a 2.8 Mtpa mine run-rate target by FY27-end; quarter-end cash was A$502.1m and underlying operating cash flow A$69m.
A$389m Kathleen Valley expansion was approved, alongside a staged Centenario lithium-brine farm-in with NEXT Lithium.
Financial highlights
Revenue was A$199m from 82,561 dmt of sales; average realised price was US$1,966/dmt SC6e and A$2,400/dmt sold.
Cash receipts were A$193.1m; statutory operating cash flow was A$46.6m versus A$69m underlying after a one-off A$21.6m settlement payment.
Net cash outflow was A$58.2m, including A$81.7m investing outflows and A$23.2m financing outflows; closing cash was A$502.1m.
Total operating costs were A$104m; FOB unit operating cost was A$1,259/dmt sold, up from A$995/dmt in Q4 FY26 as sales volumes and recovery declined.
Outlook and guidance
FY27 guidance: concentrate production 390–440 kdmt at 5.1% grade, FOB unit operating costs A$1,050–1,250/dmt sold and total capex A$435–495m.
Underground mining is expected to reach 450–500 kt in Q2 FY27 (~1.9 Mtpa), progressing to a 2.8 Mtpa run rate by FY-end; unit costs are expected to decline as output rises.
Kathleen’s Corner first ore is targeted for Q1 FY28, with expansion completion by end-Q2 FY29.
Expansion targets five-year average concentrate production of ~780 kdmtpa from FY30 and average unit operating costs of A$840–920/dmt.
- $389m expansion increases capacity 56% to ~780 ktpa, targeting top-10 global lithium status.LTR
Investor presentation - Maiden profit, record revenue, and strong cash flow drive disciplined expansion and growth.LTR
H2 2026 - Strong lithium demand and price recovery support a fully funded ramp-up to 2.8Mtpa by FY27.LTR
Diggers & Dealers Mining Forum 2026 - Record cash flow and production growth support fully funded expansion plans.LTR
Q4 2026 - Record cash flow and early production ramp-up drive expansion amid strong lithium market.LTR
Investor presentation - Kathleen Valley project reached first production, with underlying FY24 net loss at A$39.6 million.LTR
H2 2024 - Record FY25 results, underground transition, and growth plans drive future opportunities.LTR
AGM 2025 - A$298M revenue, A$55M EBITDA, and A$528M pro forma cash after equity raise in first year.LTR
H2 2025 - Record production, lower costs, and strong cash flow amid robust lithium demand.LTR
Q3 2025 TU
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