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Massive Liontown lithium mine on track for 2024 opening

Liontown Resources says its Kathleen Valley Lithium Project in Western Australia remains on track to begin production in mid-2024.




One of the world's largest and highest-grade hard rock lithium deposits in the world is expected to be in production by mid-2024, supplying Tesla and Ford Motor Co with an essential component for electric vehicles.


Liontown Resources on Friday confirmed its Kathleen Valley Lithium Project in Western Australia was on track to open in the middle of next year, following a significant step-up in activity over the last few months.


More than half of the concrete has been poured for the project's processing plant, and 600 of 850 rooms have been commissioned for the accommodation village at the site 680km northeast of Perth.


"It's hard to imagine that we had six caravans onsite last October and to see the speed of progress and quality of the work being done by our team and partners is truly amazing," Liontown managing director Tony Ottaviano said.


Around two-thirds of the nearly 31,000 solar panels that will help power the site have been delivered for installation, and its five wind turbines are under construction. 


Each of the 210m-tall turbines will generate six megawatts of electricity, contributing to one of the largest off-grid green power stations in the country.


The mine is expected to supply half a million tonnes of six per cent lithium oxide concentrate a year once it goes into production.


South Korea-based LG Energy Solutions is the third foundation customer, in addition to Tesla and Ford, the latter of which has helped finance the project with a $300 million loan facility.


As of June 30, $181.2m remains undrawn from that loan facility, and Liontown had a cash balance of $305.4m.


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