Liontown Limited reported its December quarter (Q2 FY26) results, highlighting a transition to 100% underground operations and a strengthening financial position. The company produced 105,000 dry metric tonnes (dmt) of concentrate at an average grade of 5.1% Li2O and sold 112,000 dmt during the period. Revenue for the quarter totaled AUD 130 million. The average realized price was AUD 1,365 per tonne. All-in sustaining costs (AISC) were AUD 1,059 per tonne. Liontown Limited ended the quarter with a cash balance of AUD 390 million, achieving neutral operating cash flow during the transition to underground mining. The company reported a 37% quarter-on-quarter increase in underground production and a 21% increase in production volume. The shift to higher grade underground ore contributed to improved recoveries, reaching 63%. The company also reported a 28% reduction in AISC and a 45% increase in revenue compared to the previous quarter.

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