Today we reinforce our position as an emerging producer of high-quality, fully IRA-compliant, lithium raw materials, announcing that first spodumene concentrate has been produced at Kathleen Valley.

Following the progressive commissioning of the process plant, ore has been processed through the entire crushing, milling and flotation circuit, culminating in first concentrate produced.

With 216,000 tonnes of clean ore already mined project to date from the Kathleen’s Corner and Mount Mann open pits, and the primary ore zone in Kathleen’s Corner scheduled to be mined starting in late August, our stockpile of clean ore for processing is well-positioned.

We will now focus on completing the remaining commissioning activities in the non-critical path areas of the plant, conclude construction of critical underground infrastructure such as the Paste Fill plant and ramping-up the process plant to 3Mtpa throughput. Full nameplate production of 3Mtpa is expected by Q1 CY2025 with lithium recoveries expected to be optimised over the next 12-to-18-month period.