On Monday 22 January 2024, Liontown Resources MD & CEO Tony Ottaviano delivered an Investor Briefing to provide further context to the Project and Funding Update ASX Announcement. An audio recording of the briefing is available below:

The Kathleen Valley Lithium Project remains on-track for first production in the middle of this calendar year and Liontown remains focused on delivering to that schedule and on budget.

The recent material decline in spodumene prices has triggered significant reductions in short and medium-term lithium price forecasts. As a result, we have commenced a review of the planned expansion and associated ramp-up of Kathleen Valley to preserve capital and reduce the near-term funding requirements of the Project.

There is no change to the 3 million tonne per annum plant capacity design which Liontown is currently constructing.