Liontown Bull Sees Remarks Calming Investor Concerns About Ramp-up

Dow Jones
Sep 01

0243 GMT - Liontown's comments about "thicker ore zones" could help alleviate market concerns around feed availability, Macquarie says. It calls the remarks "a key positive" amid mixed fiscal 2026 results. The lithium miner aims to increase its annual production rate to 2.8 million metric tons from 1.5 million tons by end-FY 2027. However, open-pit stockpiles are expected to be exhausted during 1Q, after which the plant will use underground ore. "LTR confirmed that FY27 production guidance already incorporates available ROM [run-of-mine] inventory and expected disruption from tie-in activities," says Macquarie. "Management also highlighted flexibility within its offtake arrangements and confirmed that no third-party ore purchases are required in FY27." Macquarie has an outperform rating and a A$1.50/share target on Liontown. The stock is up 1.6% at A$1.245.

 

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