Liontown Resources Ltd's stock soared 5.06% during intraday trading on Friday, following the release of its half-year financial results for FY2026.
The lithium miner reported that revenue more than doubled to AUD 207.5 million, driven by a 106% increase in sales volumes to 189,596 dmt as its Kathleen Valley operation ramped up underground production. Production rose 70% to 192,514 dmt at 5.0% Li₂O grade, while the average realized price increased 10% to USD 888/dmt SC6.
Managing Director Tony Ottaviano stated the company delivered a 1 million tonne per annum underground run-rate on schedule and is targeting 1.5 Mtpa by the end of March 2026. The company's cash position strengthened to AUD 390.5 million, supported by recent capital raising activities.