Liontown Resources Secures Key Partnership

Liontown Resources has finalized an agreement with the Mid West Ports Authority (MWPA) in Western Australia to facilitate the export of lithium from Kathleen Valley. The services and access agreement, spanning an initial 10 years, will enable the export of lithium spodumene concentrate from the Port of Geraldton to global Tier-1 offtake partners, including LG Energy Solution, Tesla, and Ford Motor Company.

The approval of the port agreement by WA Ports Minister David Michael marks the conclusive step in establishing a robust supply chain for exporting lithium ore from Kathleen Valley. Liontown's Managing Director and CEO, Tony Ottaviano, expressed gratitude to the Mid West Ports Authority and highlighted the Port of Geraldton's world-class facilities and growth potential. Liontown is committed to supporting the diversification of critical minerals exports for at least the next two decades, with the first exports expected to commence in mid-2024.

The agreement incorporates extension options for an additional 10 and three years, aligning with the anticipated mine life of the Kathleen Valley project. Following the successful execution of a share purchase plan, securing the necessary funding, the project is poised for future growth.

In a strategic move, Liontown announced a partnership with Qube to provide comprehensive pit-to-port logistics solutions. This collaboration includes road transportation and port-side storage management services, ensuring a controlled transfer of the product directly onto MWPA's automated ship loading infrastructure. The integrated logistics solution prioritizes industry-leading safety systems, especially in the transportation of bulk materials by road and onto ocean-going vessels. Liontown looks forward to commencing exports in mid-2024 and acknowledges the collaborative efforts that have strengthened its position in the critical minerals market.