ASX Today, page-43222

Minres report is out already:

Lithium

- Achieved price of US$1,279 per dry metric tonne (dmt) SC6, down 76% (FY23: US$5,267/dmt SC6).

- Shipments across three lithium operations of 486k dmt SC6 (FY23: 293k dmt SC6).

- Record shipments from Wodgina (up 41% to 201k dmt SC6) and Mt Marion (up 46% to 218k dmt SC6).

- Mt Marion plant expansion commissioned and underground decline commenced.

- Acquired Bald Hill effective 1 November 2023, with 67k dmt SC6 shipped.

- Completed the restructure of the MARBL joint venture, increasing ownership in Wodgina to 50%.

- Exited investments in downstream conversion assets to focus on upstream production.

“Given the stubborn lithium price and our remaining investment in Onslow Iron, we will continue to take a

conservative approach during FY25, deferring expansion projects and focusing on cost reduction and cash

preservation. This approach was reflected by the Board’s decision to not declare a final dividend for FY24.