LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-90

What a great announcement. Particularly increasing plant throughput from 2.5mt to 3mt huge positive decision. Well done loyal holders and LTR management

1. Plant capacity design optimised to deliver a 20% increase in the initial plant throughput rate to 3Mtpa (up from
2.5Mtpa), driving increased SC6.0 production to take advantage of strong short- and medium-term forecast lithium
pricing.

2. Early revenue potential identified through a Direct Shipping Ore (DSO) opportunity designed to monetise material
not previously expected to be processed.

3. Optimisations and scope adjustments, coupled with continued macro-level and industry-wide cost escalation, have
resulted in a revised capital estimate of $895m to first production (including $40m in contingency). Capital
requirements will continue to be refined as remaining contracts are awarded and as part of the Company’s ongoing
optimisation program.

There is no free kiss. Everything has cost and benefit.

4. Project delivery timelines have been prioritised in a competitive construction market to maximise shareholder
value. The Kathleen Valley Project remains on-track for first production from the process plant in mid-2024, with
prudent scope adjustments made early in the construction schedule to further de-risk and maintain this timing.

5. Liontown has spent ~$73m on the Project to date, with ~$685m of remaining funds comprising ~$385m in existing
cash reserves and $300m via a debt facility. The Company is progressing a range of potential further funding
options, with additional funding not currently expected to be required until the end of 2023.

PLS did several optimisation costs $100m +
Tianqi Hydroxide Plant cost 5 times more than original costing
Albemarle Hydroxide Plant cost 4 times more than original cost and Albemarle spend additional $55m for expansion.
Further funding via off takes partner will be available at any time.

Plus, Buldania results will be released near future.

PS: If you wish to have free expansion, free labor, free construction please go and register Salvation Army, you may have secondhand pair of shoes. There will be some panic, dissatisfied seller and also many downrampers next several days. It is much healthier for long term loyal holders to see weak hands off the table.

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