Inaugural shipment of Kathleen Valley spodumene concentrate sets sail
Australian lithium producer Liontown Resources has successfully loaded and dispatched its inaugural shipment of spodumene concentrate from its flagship Kathleen Valley operations, in Western Australia.
The shipment of 11 855 wet metric tonnes (wmt), enroute to China for an existing offtake customer, marks the beginning of generating revenue from Kathleen Valley.
“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,” said Liontown MD and CEO Tony Ottaviano.
In addition, Liontown has allocated production to sell in the spot market with an initial sale of 10 000 t of spodumene concentrate at $802 a dry metric tonne to a Singapore-based trader. The shipment is scheduled for early in the fourth quarter.
“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, realising 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,” said Ottaviano.
Meanwhile, concentrate stockpiles continue to build between site and the port with more than 28 000 wmt of concentrate produced to date. Kathleen Valley achieved first production in July.
At full capacity, Kathleen Valley is expected to have a nameplate capacity of three-million tonnes a year.
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