Liontown lifts FY27 capex guidance by nearly 35% after approving lithium mine expansion
Liontown Resources on Wednesday approved an A$389-million ($271.68-million) expansion of its flagship Kathleen Valley lithium mine in Western Australia, prompting the company to raise its 2027 c
The Perth-based lithium miner raised its 2027 total capital expenditure guidance to between A$435-million and A$495-million from between A$320-million and A$370-million previously.
The increase reflects expansion capital approved under the project’s final investment decision.
The higher spending forecast includes between A$175-million and A$195-million of Kathleen Valley expansion capital scheduled for fiscal 2027, Liontown said.
The Kathleen Valley expansion is expected to lift average spodumene concentrate production to about 780 000 dry metric tons (dmt) a year from financial year 2030, the company said.
The expansion builds on the miner’s recent push to expand its lithium footprint, which included the acquisition of Argentina’s Centenario project from Next Lithium in early September.
Liontown maintained its 2027 guidance for spodumene concentrate production of between 390 000 and 440 000 dmt.