The following is from the Min Res HY The achieved spodumene...

The following is from the Min Res HY

The achieved spodumene concentrate price SC6 equivalent at Mt Marion decreased 69 per cent pcp to average US$1,848/dmt in 1H24, impacted by weakening index prices and a change to the reference pricing formula from September. The change to the reference pricing formula included a shift to a quotation period at the discharge date. Excluding the impact of the change (-US$211/dmt), the average achieved price SC6 equivalent would have been US$2,059/dmt.

Total Mt Marion Underlying EBITDA was $173.4M (1H23: $500.0M), impacted by lower achieved prices, partially offset by lower royalties and a lower FOB Cost. FOB Cost SC6 equivalent in 1H24 was $844/dmt, below guidance of $1,150-$1,250/dmt due to a lower strip ratio from a change to the open pit mine plan, following a decision to commence an exploration decline.