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Highlights
- Liontown's shares were trading at AU$1.79 each, down 4.41% on ASX today (3 November) at 12.35 PM AEDT.
- The ASX 200 Materials index was also down 2.72% at 15,378.70 points.
ASX-listed Liontown Resources Limited’s (ASX:LTR) shares were trading in the red today (3 November 2022) despite no price-sensitive update shared by the company. Liontown’s shares were trading at AU$1.79 each, down 4.41% on ASX at 12.35 PM AEDT. At 12.36 PM AEDT, the ASX 200 Materials index was trading 2.72% lower at 15,378.70 points today.
Liontown Resources is an Australia-based battery metals exploration and development company which discovers, develops, and supplies battery minerals.
The company posted its quarterly activities report for September quarter early this week (on 31 October). This quarter for Liontown's Kathleen Valley Lithium Project saw the awarding of the EPCM and power supply contracts as well as the receipt of all necessary approvals, clearing the way for the full-scale commercial development of Australia's upcoming significant lithium mine, the company said in an ASX filing.
What’s inside the September quarterly report?
During the quarter, Liontown selected Lycopodium Minerals Pty Ltd to provide engineering, procurement, construction management (EPCM), and commissioning services to Kathleen Valley Lithium Project.
Liontown further informed in the ASX filing that the Western Australian (WA) Government's approval of the mining proposal and works approval for a 4Mtpa operation is a significant accomplishment for the Kathleen Valley Lithium Project and paves the way for the start of significant site work.
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Data Source- Company announcement dated 31 October 2022
