0142 GMT - Consensus production forecasts for Liontown are set to be downgraded following a final investment decision on the Kathleen Valley mine expansion, says CLSA. "Today's announcement implies 12%/11% downgrades to consensus production forecasts over FY28/29," the broker says. CLSA says it was cautious heading into the approval because of what it says were "overly aggressive ramp/recovery consensus expectations at KV, particularly in FY28/29." The longer-term outlook--post FY30--is more positive, however, implying 7% upside to consensus forecasts, CLSA says. Shares are up 3.7% at A$0.985.