News: AKE Allkem Posts March Quarter Group Revenue Of $315 Million

April 20 (Reuters) - Allkem Ltd (AKE) :

• MARCH QUARTER GROUP REVENUE US$315 MILLION VERSUS $265 MILLION REPORTED IN DEC QUARTER
• QTRLY MT CATTLIN SPODUMENE PRODUCTION 38,915 DMT
• QTRLY OLAROZ LITHIUM FACILITY PRODUCTION OF 4,102 TONNES OF LITHIUM CARBONATE UP 38% ON PCP
• QTRLY LITHIUM CARBONATE SALES 2,904 TONNES
• OVERALL CONSTRUCTION OF THE OLAROZ STAGE 2 LITHIUM FACILITY REACHED 98.2% COMPLETION BY THE END OF THE MARCH QUARTER.
• FY23 CASH COST OF PRODUCTION IS FORECAST TO BE ABOUT US$950/T DMT FOB FOR MT CATTLIN
• WEIGHTED AVERAGE PRICE FOR THIRD PARTY SALES OF LITHIUM CARBONATE PRODUCTS IN Q4 FY23 EXPECTED TO BE US$42,000/TONNE
• OLAROZ STAGE 2 FIRST PRODUCTION EXPECTED IN Q2 CY23
• FOR OLAROZ STAGE 2 LITHIUM FACILITY, FULL PROCESS PLANT COMMISSIONING UNDERWAY AND PROGRESSING THROUGH THE JUNE QUARTER