Liontown Resources announced that the Company's Board has endorsed the full development of its 100% owned Kathleen Valley Lithium Project in Western Australia. In preparation for project delivery, the Company continues to progress a series of major contracts (including EPCM, Power Purchase Agreement, freight logistics, bulk earthworks and open cut mining services) with established and high-quality contractors. Work has also progressed across the construction scope and procurement is advancing for the remaining project activities in line with the development plan.The Company has already awarded approximately 73% of mechanical equipment long lead items to high quality vendors, and awarded total process plant and non-process infrastructure packages with an estimated value of A$83 million, ensuring that the Project remains on schedule.Importantly the Company has awarded the contract for the design, build and construction of a high-quality modern accommodation village to assist in attracting and retaining employees. The village design has been finalised by ADD Business Group, with off-site manufacture of accommodation units underway and the commencement of early site works following approval of a Small Operations Mining Proposal. Permitting for the full Project continues to progress in line with schedule requirements.The Final Investment Decision follows Liontown executing its third and final foundational offtake agreement, together with AUD 300 million debt facility with leading global automaker Ford Motors. It also follows the previously announced foundational offtake agreements with Tesla & LG Energy Solution. Liontown’s offtake commitments represent approximately 90% of Kathleen Valley's start up production capacity
Liontown Resources announced that the Company's Board has endorsed the full development of its 100% owned Kathleen Valley Lithium Project in Western Australia. In preparation for project delivery, the Company continues to progress a series of major contracts (including EPCM, Power Purchase Agreement, freight logistics, bulk earthworks and open cut mining services) with established and high-quality contractors. Work has also progressed across the construction scope and procurement is advancing for the remaining project activities in line with the development plan.The Company has already awarded approximately 73% of mechanical equipment long lead items to high quality vendors, and awarded total process plant and non-process infrastructure packages with an estimated value of A$83 million, ensuring that the Project remains on schedule.Importantly the Company has awarded the contract for the design, build and construction of a high-quality modern accommodation village to assist in attracting and retaining employees. The village design has been finalised by ADD Business Group, with off-site manufacture of accommodation units underway and the commencement of early site works following approval of a Small Operations Mining Proposal. Permitting for the full Project continues to progress in line with schedule requirements.The Final Investment Decision follows Liontown executing its third and final foundational offtake agreement, together with AUD 300 million debt facility with leading global automaker Ford Motors. It also follows the previously announced foundational offtake agreements with Tesla & LG Energy Solution. Liontown’s offtake commitments represent approximately 90% of Kathleen Valley's start up production capacity
