LINRF - Liontown Resources Limited (LINRF) Q4 2024 Earnings Call Transcript
2025-01-21 09:26:04 ET
Liontown Resources Limited (LINRF)
Q4 2024 Results Conference Call
January 20, 2025 10:00 PM ET
Company Participants
Antonino Ottaviano - Managing Director and Chief Executive Officer
Grant Donald - Chief Commercial Officer
Jon Latto - Chief Financial Officer
Conference Call Participants
Levi Spry - UBS
Hugo Nicolaci - Goldman Sachs
Reg Spencer - Canaccord
Stuart Howe - Bell Potter Securities
Glyn Lawcock - Barrenjoey
Hayden Bairstow - Argonaut
Melanie Burton - Reuters
Sam Catalano - Wilsons Advisory
Presentation
Antonino Ottaviano
Good morning and good afternoon listeners. Thanks for joining our First Full Quarterly Production Update for Liontown.
With me on this presentation is Jon Latto, our Chief Commercial Officer; and Grant Donald, our Chief Commercial Officer, but also acting for Adam Smits, who's taking a well-earned break and will be back with us early in the new year.
This full quarter of production from Kathleen Valley confirms we are well on track to achieving our ambition of becoming an established world-class producer of lithium. This quarter demonstrates a continuation of what really matters and what's within our control. We've done our open pit mining and our underground mining, and they're proceeding smoothly, and we're recording both record output but record production productivity. And the ramp-up performance in the plant, as you'll see when we go through this presentation, is going in line and in some areas, exceeding our expectations.
Now both of those things have to come together for us to deliver the production we need and more importantly, in today's world, the unit cost outcomes we need. If we can just go to the first slide, please. Look, I wanted to start with the strategy slide because I think it's important to reinforce that our focus is very much on all of these three horizons that are in different intensities. Clearly, the focus is getting the ramp-up and getting it right. And we're putting a lot of effort, as you can see from today's report, the focus that we're employing to make sure that Kathleen Valley is at its full potential.
But we're also working quietly in the background around our downstream aspirations, both with Sumitomo and LG. And then ultimately, we've got Grant Donald here on the call today, but Grant's and his small team is focused on what Liontown to its full potential also looks like. And the importance here is this strategy remains unchanged and it endures the cycles. We're taking both a short- and long-term view because we're here for the long term.
We go to the next slide, please. Our ESG performance for the quarter, we start with safety. Our record lost time injury frequency rate is 0.66, and our TRIFR is just 4.6. As most of you know, the focus on safety is also enduring, and we have to keep our vigilance. And we're in new operations, we've got new employees, we've got new ways of working and systems and processes that people need to understand....
Liontown Resources Limited (LINRF) Q4 2024 Earnings Call Transcript