FINWIRES · TerminalLIVE
FINWIRES

Liontown Advances Western Australia Lithium Operation Expansion With Early Works, Procurement

By

-- Liontown (ASX:LTR) initiated early works and secured long-lead equipment for the planned expansion of its Kathleen Valley Lithium Operation in Western Australia, ahead of a final investment decision (FID) expected by the end of the first quarter of fiscal 2027, according to a Wednesday Australian bourse filing.

The initial program involves acquiring a 5.5-megawatt ball mill, conducting pre-development drilling, expanding mine infrastructure, developing the Northwest Flats orebody underground, and increasing operational capacity to boost production and efficiency, per the filing.

The company has committed around AU$12 million over the next 12 months for the ball mill purchase, with fiscal 2026 early works cash expenditure expected at AU$15 million to AU$18 million and pre-FID spending projected to reach up to AU$77 million, the filing added.

The company's shares rose around 1% in recent Wednesday trade.

Related Articles

Asia

Shoucheng Invests in Chinese Public Housing REIT

Shoucheng (HKG:0697) said it invested in a public housing real estate investment trust in China, according to a Hong Kong bourse filing Wednesday.The infrastructure asset management firm invested in AVIC Beijing Changping Public Housing REIT, which holds the Yanlan Xinchen, Guorui Xiyuan, and the Weilai Rongshang Jiayuan projects as its underlying assets.The projects are located in Beijing's Changping district.

$HKG:0697
Asia

Nickel Industries Reports Higher March Quarter Adjusted EBITDA From Operations; Shares Hit Three-Year High

Nickel Industries (ASX:NIC) said its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) from operations came in at $135.6 million for the three months ended March 31, according to a Wednesday Australian bourse filing.The company's adjusted EBITDA from operations for the March 2025 quarter was $97.3 million, according to an earlier filing.Ore production from the company's mining operations came in at nearly 4 million wet metric tonnes, compared with 5.6 million wet metric tonnes produced in the same quarter in the previous year.The company produced 30,264 tonnes of nickel from its rotary kiln electric furnace project during the March quarter, compared with 31,793 tonnes produced in the year-ago period.The attributable production from HPAL operations was 2,153 tonnes in the March quarter, compared with 2,118 tonnes in the prior corresponding period.Nickel Industries' shares advanced 4% in recent trading on Wednesday and earlier hit their highest since February 2023.

$ASX:NIC
Asia

Gotion High-tech 2025 Profit Up 97%; Shares Down 3%

Gotion High-tech (SHE:002074) posted 2025 attributable net profit of 2.38 billion yuan, up 97% from 1.21 billion yuan the previous year.Earnings per share rose to 1.32 yuan from 0.68 yuan, according to a Wednesday filing with the Shenzhen bourse.Operating revenue went up 27% year over year to 45.1 billion yuan from 35.4 billion yuan.Shares of the battery maker were down 3% in recent trade.

$SHE:002074