FWIW here’s the final part (excerpt) of the AFR report on Mt...

FWIW here’s the final part (excerpt) of the AFR report on Mt Marion from the other day…..
Liontown gets a couple of mentions including an interesting one earlier in the report ie;
“…Macquarie analysts noted that Mt Marion was “running with potential negative operating cash flow”, with estimated production and shipping costs of $US745 per tonne. The share prices of all ASX-listed lithium operations are down this year, Macquarie noted, except Liontown Resources.”..”

And MIN also looking for ‘opportunities’?

cheers


https://www.afr. com/companies/mining/minres-to-inject-150m-into-struggling-lithium-mine-20250616-p5m7ov


….… etc
…….

…The decision to plough more cash into the diversified miner’s struggling lithium operations comes as the price of spodumene falls further from its recent lows to $US580 a tonne, according to S&P Global.
Lithium traded above $US8000 per tonne roughly two years ago but fell precipitously as a glut of the metal from mines in Africa and China hit the market.
The slowdown in demand for electric vehicles has also weighed on the key battery material.
Citi analysts said last month that WA’s Greenbushes mine – a joint venture between US-listed Albemarle, ASX-listed IGO and China’s Tianqi – was the only Australian lithium asset generating cash at current prices.

Macquarie analysts noted that Mt Marion was “running with potential negative operating cash flow”, with estimated production and shipping costs of $US745 per tonne. The share prices of all ASX-listed lithium operations are down this year, Macquarie noted, except Liontown Resources.

MinRes, Australia’s largest crushing contractor and a major iron ore producer, is rumoured to be considering the sale of lithium assets – including a stake in its Wodgina operations – to shore up its balance sheet despite previously dismissing such talk.
Mt Marion is located in a lithium hotspot around Kalgoorlie-Boulder in Western Australia’s Goldfields region that includes MinRes’ mothballed Bald Hill and Liontown’s Buldania project. MinRes in October paused its plan to extend its Mt Marion mining operations underground.
“Decisive action to lower costs ensures our two largest lithium sites remain well-placed to continue to operate through the cycle and to capitalise when prices rebound,” MinRes said on Monday.

Albemarle, a joint venture partner in Wodgina, has pressured the Perth-headquartered miner to cut production until the price of lithium recovers.

In its statement to the Hong Kong Stock Exchange, Ganfeng valued Mt Marion’s net assets at $561 million and flagged concerns about the mine’s future.
“The deterioration of the international economic environment in the future may lead to a decline in the prices of lithium and lithium products, which will cause Mt Marion Lithium’s performance to fall short of expectations,” Ganfeng said.
Ganfeng said its $150 million loan had an interest rate of 7 per cent to be paid quarterly by Mt Marion over five years.

In its interim results, MinRes said it produced 100,000 tonnes of 6 per cent lithium spodumene equivalent from Mt Marion, at an average shipped cost of $US667 ($1027) per tonne.

MinRes is not the only Australian lithium producer to shut its plants to ride out the storm.
Others include Core Lithium, which suspended operations at its Finniss mine in the Northern Territory; Liontown, which wound back production at its Kathleen Valley mine; and Pilbara Minerals, which paused operations at its Ngungaju ore processing facility.
Albemarle has mothballed a lithium hydroxide processing train at Kemerton and Arcadium, the world’s third-largest lithium company, shut its Mt Cattlin project.