Liontown Resources (ASX:LTR) said that its revenue for the fiscal third quarter came in at AU$104 million, rising 17% from AU$89 million in the second quarter, driven by increased sales volumes and average realized price, according to a Thursday Australian bourse filing.
Commercial production was declared at its Kathleen Valley lithium project process plant in Western Australia in the three months ended March 31, the filing said. Preparation for the commencement of underground production progressed as planned, and the first stoping blast occurred on schedule in early April.
The company produced 95,709 dry metric tonnes of spodumene concentrate and sold 93,940 dry metric tonnes across five shipments.
Liontown Resources' shares rose about 3% in recent trading on Thursday.
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