Liontown Resources achieves major milestones with inaugural spodumene concentrate shipment

Liontown Resources Limited (ASX:LTR) has successfully loaded and dispatched its first shipment of spodumene concentrate from its Kathleen Valley operation. The shipment, comprising 11,855 wet metric tonnes (WMT) of spodumene concentrate with a weighted average concentrate grade of 5.2% Li2O, marks a pivotal milestone for the company as a lithium producer, initiating revenue generation from the Kathleen Valley operations.

Executive Commentary on Inaugural Shipment and Spot Sales

The successful shipment of concentrate from Kathleen Valley is a pivotal moment for the Company. Over the past six years, Liontown has focused on developing and constructing a world-class tier-1 lithium operation, and now we announce the beginning of generating revenue and cash flow, as we see our plans come to fruition. Within two months of first production at Kathleen Valley, we have not only successfully produced and now shipped concentrate, with a weighted average Li2O content of 5.2%, but we have also achieved a sale on the spot market, realizing a premium sales price in the current market conditions, and demonstrating the consistent demand for high-grade battery products. This achievement underscores the strong planning capabilities and operational excellence of our team but also the support from our Tier 1 logistics partner Qube. As we look ahead, we continue our ramp up progress towards steady state production and remain committed to enhancing shareholder value with confidence in the long-term success of the Kathleen Valley lithium operations.

Summary of Inaugural Shipment and Spot Sales

Liontown Resources (ASX:LTR) has achieved a significant milestone with the successful loading and dispatch of its inaugural shipment of spodumene concentrate from its Kathleen Valley operation. The company's commencement of spot sales for uncontracted spodumene concentrate, achieving a premium price to spot, reflects its commitment to establishing a transparent, auditable, and liquid price index for the lithium industry. Liontown's Managing Director and CEO, Tony Ottaviano, emphasized the pivotal nature of this achievement, highlighting the successful production, shipment, and spot sale as evidence of the company's strong planning capabilities and operational excellence. Looking ahead, Liontown continues its ramp-up progress towards steady state production and remains dedicated to enhancing shareholder value, expressing confidence in the long-term success of the Kathleen Valley lithium operations.