LINRF - Liontown Resources Limited (LINRF) Q3 2025 Earnings Call Transcript
2025-04-24 04:36:14 ET
Liontown Resources Limited (LINRF)
Q3 2025 Earnings Conference Call
April 23, 2025 09:30 pm ET
Company Participants
Tony Ottaviano - Managing Director and CEO
Jon Latto - Chief Financial Officer
Adam Smits - Chief Operating Officer
Conference Call Participants
Jon Bishop - Jarden Australia
Kate McCutcheon - Citibank
Adam Baker - Macquarie Group
Hayden Bairstow - Argonaut
Glyn Lawcock - Barrenjoey
Levi Spry - UBS
Milan Tomic - JPMorgan
Presentation
Operator
Good morning, and welcome to the Liontown Resource March Quarter Results Call. Following the formal presentation, there will be a Q&A session for investor, analyst and media. [Operator Instructions].
I'll now hand over to Mr. Tony Ottaviano.
Tony Ottaviano
Thank you, Billy. Good morning, everyone. I appreciate you making the call between the Easter and Anzac Day holiday. I'm proud to say today that, we have got an excellent suite of results to disclose to the market.
With me today, helping me present these results are Jon Latto, our CFO; and Adam Smits, our Chief Operating Officer. So Billy, without too much more time, can we go into the slide, please? So the first slide is the disclaimer or the important information, followed by the summary slide. And if we start with the summary slide, again, it starts with safety, and you will see from the highlight side, we've had another strong quarter of safety.
And this safety is usually a precursor to good performance. Good safety, almost always aligns with good performance. So that underpins the plant improved performance, and we're seeing that through our confidence that as we previously alluded to, we've been trialing a lot of the high contamination, lower-grade material through the plant because the plant can take it, and it's performing very, very well.
And when we get to the section in the plant that Adam will present, you will see that for yourself. So we've reinitiated the ore sorting, and we've done some also some underground trials, which have given us very good results. We're continuing to successfully ramp up. And as we mentioned in our half year results, we called commercial production in the processing plant, and we've commenced underground production on schedule.
We're increasing our sales volumes, which is lowering our operating costs, which has resulted in a net positive operating cash flow. That's two quarters in a row that we've been able to deliver net cash flow from operating activities, which has delivered a very strong and robust cash balance at the end of the quarter. And then finally, we -- from our inception, we've produced over 200,000 tonnes of spodumene at a 5.2% grade. Again, that's after eight months of operation....
Liontown Resources Limited (LINRF) Q3 2025 Earnings Call Transcript