To all the doomsayers, I don't think the Federal Government will let their $230M investment go to nothing whilst losing 1350 jobs and further weakening our battle for rare earths with China. I suspect it will either be the CEFC and EFA extending the deal with some amended terms, Gina getting a larger allocation at these lower prices to bring her average down and % of ownership up or the introduction of a new major altogether entering at the bottom.
March 2024: The Federal Government has invested $230 million in Liontown Resources to help secure the final construction stages needed for the Kathleen Valley lithium project. The Clean Energy Finance Corporation (CEFC) will invest $110 million and the remaining $120 million will come from Export Finance Australia (EFA).“Nine out of the ten critical minerals necessary for lithium batteries can be found here in Australia, which gives us a massive jobs and economic opportunity in the net-zero transformation,” Federal Climate Change and Energy Minister Chris Bowen said the Kathleen Valley project is expected to create about 900 jobs during construction and about 450 ongoing operational jobs. It has potential to produce about 500,000 tonnes of spodumene concentrate each year, making it one of Australia’s largest lithium mines.
LTR Price at posting:
89.0¢ Sentiment: Buy Disclosure: Held
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