Liontown Resources executes EPC contract with GRES

Liontown Resources Limited (ASX: $LTR) has executed an Engineering, Procurement and Construction (EPC) contract with GR Engineering Services Limited (GRES) for the delivery and commissioning of the paste plant facility (Paste Plant) to support the underground mining operations at Kathleen Valley. The Paste Plant will include two trains capable of producing up to 160m³ of paste per hour and has been designed to accommodate future expansion of mining operations to 4Mtpa.

Liontown Managing Director and CEO, Tony Ottaviano, on EPC award

We are pleased to award the contract for the design and construction of the Paste Plant which will support and further de-risk the planned underground production rates at Kathleen Valley. GRES has designed and constructed multiple paste plant facilities throughout Western Australia and the GRES team has mobilised and commenced initial works at Kathleen Valley.

Summary of Liontown Resources' EPC contract with GRES

Liontown Resources Limited (ASX: $LTR) has executed an Engineering, Procurement and Construction (EPC) contract with GR Engineering Services Limited (GRES) for the delivery and commissioning of the paste plant facility (Paste Plant) to support the underground mining operations at Kathleen Valley. The Paste Plant, valued at approximately $71 million, forms part of planned and budgeted next stage of growth capital costs post first production and funding is contemplated under the recently announced A$550m financing facility. This contract will further de-risk the planned underground production rates at Kathleen Valley and facilitate dry stacking and water recovery, increasing the amount of recycled water the site utilises. Liontown Resources aims to be an ESG leader and a globally significant provider of battery minerals for the rapidly growing clean energy market, and this contract aligns with their commitment to incorporating the right approach and foundation from the outset with ESG principles underpinning all decisions.