- Liontown Resources (LTR) awards a key contract for a Semi Autogenous Grinding (SAG) Mill for the Kathleen Valley Lithium Project in WA
- The contract has a value of around $10 million and is for the design, fabrication and delivery of the mill
- The mill is the largest single piece of equipment required for the project by size, value and lead-time
- Liontown Managing Director and CEO Tony Ottaviano said the contract is an important milestone for the Kathleen Valley Project
- On the market this morning, Liontown was in the green and trading up 2.2 per cent at $1.58 at 1015 AEDT
Liontown Resources (LTR) has awarded a key contract to Metso-Outotec for a Semi Autogenous Grinding (SAG) Mill for its Kathleen Valley Lithium Project, north of Kalgoorlie in Western Autsralia.
After completing the definitive feasibility study (DFS) for Kathleen Valley, the company has completed further engineering optimisation to confirm the scope and duty of the mill to a sufficient level of detail to enable it to place the order.
The contract has a value of around $10 million and is for design, fabrication and delivery.
The mill will accommodate both base production of 2.5 million tonnes per annum (Mtpa) and the planned expansion to 4Mtpa in year six of the mine plan.
The SAG Mill is the largest single piece of equipment required to be purchased for the project by size, value and lead time.
Liontown Managing Director and CEO Tony Ottaviano said the contract is an important milestone for the Kathleen Valley Project.
“Placing this significant order with a world-class partner in Metso-Outotec is a great way to start the year and reflects our commitment to advance the Kathleen Valley Project rapidly towards first production,” he said.
“Detailed engineering and design work continues to advance, with the Company’s recent $450 million share placement ensuring that Liontown is well capitalised to progress the Stage 1, 2.5Mtpa development at Kathleen Valley, including the early award of the SAG Mill and other key long-lead items.”
“This will enable us to lock-in production slots, maintain our development schedule and meet our target of achieving first lithium concentrate production in 2024,” he concluded.
On the market this morning, Liontown shares were up by 2.2 per cent at $1.58 at 1015am AEDT.