Liontown Limited · ASX:LTR
Liontown — Liontown Resources — Q3 FY25 Earnings Presentation
18 slides from Liontown's earnings presentation, Apr 24, 2025
Slide 1: March Quarter FY25 Presentation
2 4 Apri l 2 02 5 March Quarter FY25 Presentation ASX: LTR | ltresources.com.au 1
Slide 2: Important Information
Important Information Important Information This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, 'guides', ‘expects’, 'anticipates', 'indicates' or ‘intends’ and variations of these words other similar words t
Slide 3: Summary - March Quarter 2025
Summary - March Quarter 2025 The best strategies endure the cycles; ours is unchanged ✓ Track record of safe operations and delivering on ESG commitments Underpins… Continued improvement in plant performance — ore sorting and underground feed Kathleen Valley Full Potential ✓ trials demonstrate plant
Slide 4: ESG Performance
ESG Performance Safety (Reduction in labour hours following completion of the Project construction phase has, in part, impacted TRIFR and LTIFR) LTIFR1 TRIFR1 1.13 (previous quarter: 0.66) 6.78 (previous quarter: 4.59) ESG Renewable Female Power Workforce 80% (previous quarter: 82%) 22% (previous qu
Slide 5: Highlights – March Quarter 2025
Highlights – March Quarter 2025 Production, costs and sales continue to track well, achieving positive net cashflow from operating activities Operational Performance Financial Outcomes Concentrate Production Concentrate Sales Revenue Net Cash from Operating Activities 95,709 Sale dmt s 93,940 dmt A$
Slide 6: Mining Performance – Open Pit
Mining Performance – Open Pit Kathleen’s Corner Open Pit continues to progress to plan • 2.5Mt of material (clean ore, OSP material and waste) moved during the Quarter, with an average Li2O grade mined of 1.0% • Final open pit grade control drilling completed and the open pit on track for completion
Slide 7: Mining Performance - Underground
Mining Performance - Underground Underground development continues to exceed expectations Underground Development - metres • 1,849m of underground development achieved this quarter, ~160m ahead of plan. ~9,200 cumulative UG development metres since November 2023 • 53kt of clean ore extracted during
Slide 8: Plant performance
Plant performance Strong performance and continued improvements in processing efficiency Plant Availability – average (%) 89% 91% • At average mill feed grade of ~1.3%, lithia recovery increased by 10% from an average of 58% in the December Quarter to 64% this 78% Quarter, reflecting ongoing perform
Slide 9: Pathway to Underground
Pathway to Underground Ore blend and stockpiles derisking the Underground ramp up Illustrative Ore Processed by Source (Illustrative % of total ore processed) • The Company has strategically built and paid for significant run-of- mine (ROM) stockpiles (comprised of clean ore and OSP7), which Commenc
Slide 10: Production and sales
Over 200,000 dmt of spodumene produced Production and sales since July 2024 Production Spodumene concentrate production and sales • For the Quarter, 95,709 dmt of spodumene concentrate produced at Spodumene concentrate produced (kdmt) Spodumene concentrate sold (kdmt) an average grade of 5.1% Li2O •
Slide 11: Quarterly operational and financial metrics
Quarterly operational and financial metrics Strong physicals and financials for the Quarter Revenue Production and Sales Units Q3 FY25 Q2 FY25 Δ (%) YTD FY2510 • A$104 million revenue for the quarter, up 17% on the Spodumene concentrate production dmt 95,709 85,69811 12% 208,629 prior quarter, achie
Slide 12: Solid financial performance delivers positive cash flow
Solid financial performance Operational activities delivers positive cash flow Summary All figures in A$m • A$101m cash receipts from customers in quarter 101 (88) • Additional ~A$12m received in April 2025 for 1 (27) shipment on 31 March 2025 193 (7) 173 Net cash flow from operating activities of A
Slide 13: Market update
Market update 13
Slide 14: Market Update: Strong demand continues across multiple segments
Market Update Strong demand continues across multiple segments EV Demand16 +83% • Q1 2025: Strong YoY EV sales growth YoY 2,443 (lithium demand, kt LCE) - BYD March quarter sales up +59.8% YoY 1,753 - EV battery giant CATL's Q1 net profit rose +32.9% YoY 956 1,050 791 779 • Major battery maker, CATL
Slide 15: Summary Recap
Summary Recap The best strategies endure the cycles; ours is unchanged ✓ Track record of safe operations and delivering on ESG commitments Underpins… Continued improvement in plant performance — ore sorting and underground feed Kathleen Valley Full Potential ✓ trials demonstrate plant’s flexibility
Slide 16: For more information:
For more information: Leanne Kite Investor Relations lkite@ltresources.com.au +61 401 438 850 Level 2, 32 Ord Street, West Perth WA 6005 +61 8 6186 4600 info@ltresources.com.au liontown-resources-limited Liontown Resources @LiontownRes @LiontownRes 16
Slide 17: Appendix A: Physicals summary
Appendix A: Physicals summary Mining Units Q1 FY25 Q2 FY25 Q3 FY25 YTD FY2510 Open pit ore mined (incl OSP) kt 590 1,138 555 2,283 Open pit waste mined kt 3,368 1,506 1,913 6,787 Strip ratio (BCM) waste:ore 5.1 1.2 3.3 2.8 Average Li2O grade mined (open pit) % 1.2 1.3 1.0 1.2 Underground mining deve
Slide 18: Appendix B: Notes
Appendix B: Notes 1. LTIFR: Lost Time Injury Frequency Rate; TRIFR: Total Reportable Injury Frequency Rate representative of rolling annual averages. 2. Average realised sales price for the Quarter includes 31.5kt of provisionally priced sales which were marked to market as at 31 March 2025. Actual