Liontown Resources Ltd's stock soared 5.02% during intraday trading on Wednesday, driven by the company's positive investor update on its Kathleen Valley lithium operations.
The company reported its first positive net cash flow in the third quarter of FY2026, with cash increasing by AUD 33 million to AUD 424 million. The average realized price for lithium rose significantly to USD 1,845 per dry metric ton, representing an 87% increase quarter-on-quarter.
Operational performance also showed strong improvement, with the underground ramp-up reaching a 1.5 million tonne per annum annualized run-rate ahead of schedule. Underground ore mined increased by 31% quarter-on-quarter to 402 kilotonnes, while plant recovery rates improved to approximately 70% in early April. The company has also begun early works for the planned Kathleen Valley expansion, with a final investment decision targeted for the end of the first quarter of FY2027.