Liontown stock gained 3.11 percent as expansion plans advanced

Published on 10/07/2026 at 01:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Liontown stock is trading at AUD 0.83 after a AUD 389 million expansion decision. Kathleen Valley targets 780,000 tonnes of annual output from FY2030.

Liontown, AU000000LTR4, Illustration mit AI erstellt.

Liontown Resources Limited (ISIN AU000000LTR4) was trading at AUD 0.83 on ASX on October 6, 2026 at 3:13 p.m. AEDT, up 3.11 percent from the prior close. The move followed a AUD 389 million expansion decision for Kathleen Valley announced by Liontown on September 29, 2026.

AUD 389 million expansion approved

The board's final investment decision targets first incremental tonnes in FY2028 and average annual spodumene concentrate production of 780,000 dry metric tonnes from FY2030. The project is scheduled for completion by mid-FY2029, with output expected to exceed 800,000 dry metric tonnes in FY2034.

IBTimes reported that the 780,000-tonne target is 75 percent above the midpoint of Liontown's FY2027 production guidance. The company also lifted FY2027 capital expenditure guidance to AUD 435 million-495 million from AUD 320 million-370 million.

Revenue more than doubled in FY2026

Liontown entered the expansion decision after a stronger FY2026. In its results call, Yahoo Finance reported revenue of AUD 639 million, more than double FY2025 revenue, alongside underlying EBITDA of AUD 147 million and operating cash flow of AUD 182 million for fiscal year 2026.

The same call showed the operating trade-off behind the expansion. FY2026 spodumene concentrate production reached 392,000 tonnes, while FY2027 guidance remains 390,000-440,000 tonnes. Liontown is therefore committing capital before the larger production profile arrives.

Consensus target exceeds AUD 1

Investing.com lists a Buy consensus from 13 analysts as of October 6, 2026, with 6 Buy, 4 Hold and 3 Sell ratings. The average 12-month price target is AUD 1.199, with a high of AUD 1.9 and a low of AUD 0.75; the average target lies 44.5 percent above the ASX price of AUD 0.83.

The valuation gap is paired with execution risk. Kathleen Valley must ramp underground mining while Liontown builds the expansion, and FY2027 capital spending is already guided above the previous range.

Liontown stock holds a AUD 0.83 market level

Liontown stock was trading at AUD 0.83 on ASX on October 6, 2026 at 3:13 p.m. AEDT. Its market capitalization was AUD 2.6 billion, with a 52-week range of AUD 0.78-2.65.