Net cash build of $137 million lifts cash at bank to $561 million

The June Quarter delivered another strong financial performance, with $137 million of net cash flow taking the cash balance to $561 million at quarter-end. Underground development hit a record 3,316 metres (up 35 per cent QoQ), building toward the 2.8 Mtpa ore mining run-rate target by end of FY27.

Highlights:

Financial performance

• $137 million of net cash flow for the quarter
• $561 million cash at quarter-end with 21,384 dmt of saleable inventory on hand
• $302 million cash receipts from customers

Operational performance

• 103 kdmt spodumene concentrate produced
• 108 kdmt concentrate sold across five parcels at an average grade of 5.0 per cent Li₂O
• 3,316 underground mining development metres achieved, setting the foundation for production growth from Q2 FY2027

Strategic milestones

• Expansion study progressing with FID on schedule for end of Q1FY27.
• FY26 guidance delivered