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- Liontown Resources (LTR) has entered a trading halt while is prepares for an upcoming capital raising
- The company will remain in a trading halt until October 29 or when an announcement is made, whichever occurs first
- Earlier in the month, Liontown updated the pre-feasibility (PFS) for its Kathleen Valley Project in WA
- This study outlined a $1.2 billion net present value and an internal rate of return of 37 per cent
- The project is now expected to have a life-of-mine of 40 years
- Shares in Liontown last traded for 26.5 cents on October 26
Liontown Resources (LTR) has entered a trading halt while is prepares for an upcoming capital raising.
The company will remain in the halt until October 29 or when an announcement is made, whichever occurs first.
At this point Liontown is yet to disclose how much it is raising or what it will use the funds for once received.
Earlier in the month, Liontown updated the pre-feasibility (PFS) for its Kathleen Valley Project in WA.
It was revealed that the project has a post-tax net present value of $1.12 billion and an internal rate of return of 37 per cent, representing respective increases of 121 per cent and 49 per cent.
Further, Liontown expects Kathleen Valley to produce around 350 kilo-tonnes per annum (ktpa) of spodumene concentrate at a grade of 6 per cent lithium oxide.
It also expects it to produce 430 tonnes per annum of 30 per cent grade tantalum concentrate.
The project is now expected to have a life-of-mine of 40 years.
Shares in Liontown last traded for 26.5 cents on October 26.
