Liontown

Name

Liontown

Legal name

Liontown Ltd

Website

https://ltresources.com.au

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Lithium Mining and Spodumene Concentrate Production

NAICS

Other Metal Ore Mining (21229)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Lithium Mining & Brine Extraction (IMAKAFAA)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)

Keywords

• Lithium mining
• Spodumene concentrate
• Battery minerals
• Hard rock lithium
• Underground mining

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Spodumene Concentrate Sales: Primary revenue from production and sale of spodumene concentrate (lithium-bearing ore) to battery manufacturers globally. Production commenced mid-2024 with Kathleen Valley mine ramping up underground production. Q3 FY2026 revenue reached $197 million with 51% quarterly increase

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Liontown operates the Kathleen Valley Lithium Operation in Western Australia, an underground hard rock lithium mine that extracts and processes spodumene concentrate for sale to global battery manufacturers. The company also holds the Buldania Lithium Project as a prospective second asset and is pursuing downstream lithium processing expansion.

Product overview

Liontown is an ASX-listed responsible battery minerals provider with two major hard rock lithium deposits in Western Australia. The flagship Kathleen Valley Lithium Operation is a tier-one underground lithium mine producing spodumene concentrate, representing Australia's first underground lithium operation. The Buldania Lithium Project is an earlier-stage exploration asset. The company is pursuing downstream expansion opportunities including potential lithium refinery development, and has launched digital sales via the Metalshub platform for transparent market-linked pricing of its spodumene concentrate product.

Differentiator

Problem solved

Functional benefit

Products and services

• Kathleen Valley Lithium Operation Australia's first underground lithium operation and one of the world's most significant long-life lithium projects, delivering spodumene concentrate to battery manufacturing customers. Features a fourth-generation process plant, one of Australia's largest off-grid hybrid power stations, and the southern hemisphere's largest paste plant.
• Buldania Lithium Project A prospective lithium project located approximately 600 kilometres east of Perth in the southern Goldfields region of Western Australia with an initial Mineral Resource of 15 million tonnes of 1.0% lithium oxide (Li2O).
• Metalshub Digital Spodumene Auctions Online auction platform sales of spodumene concentrate from Kathleen Valley enabling transparent, market-linked pricing and broader buyer access beyond contracted offtake customers.

Quantifiable outcome

• Q3 FY2026 first positive net cash flow since commencing production with $424 million closing cash
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• FastmarketscoreStrategic or Co-development Partner · 23 June 2026Liontown joined Fastmarkets' industry advisory group for development of digital spot market platform for physical lithium trading. Platform aims to enhance price discovery and improve liquidity access in lithium market projected to grow over 200% in coming decade.
• PLS Group LtdcoreStrategic or Co-development Partner · 23 June 2026Major lithium producer joined Fastmarkets advisory group alongside Liontown for digital spot platform development, reflecting industry support for more structured market infrastructure aligned with global energy transition.
• Zenith EnergycoreStrategic or Co-development Partner · 19 May 2026Energy partner for Kathleen Valley's renewable power station. At least 60% of start-up energy requirements from renewable sources via off-grid wind-solar-battery storage hybrid power station, currently operating at 80% renewables.
• MetalshubcoreTechnology or Integration · 12 November 2025Partnership with German digital commodities platform for online spodumene concentrate auctions from Kathleen Valley. First 10,000 metric tons digital sale scheduled November 19, 2025, with ongoing bidding events through 2026. Aims to create transparent, market-linked pricing for lithium.
• LG Energy SolutionflagshipStrategic or Co-development Partner · 2 July 2024Long-term strategic partnership including US$250 million investment, 10-year offtake extension for Kathleen Valley project supporting mine expansion and production ramp-up. Exploring establishment of lithium refinery in Australia. LG Energy Solution is selling its 7.5% stake as of February 2026 but partnership terms continue.

Scale indicators13 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Pilbara Minerals: ASX-listed hard-rock lithium producer operating the Pilgangoora mine in Western Australia; produces spodumene concentrate for global battery manufacturers. Most direct comparable to Liontown by geography, product, customer base, and stage, and is also a fellow member of Fastmarkets' digital spot platform advisory group.
• Mineral Resources (MinRes): Australian diversified mining company with significant hard-rock lithium production through Mt Marion and the MARBL JV (with Ganfeng). Comparable to Liontown in scale, ASX listing, and exposure to spodumene concentrate pricing dynamics.
• Core Lithium: ASX-listed hard-rock lithium producer operating the Finniss project in Australia's Northern Territory, supplying spodumene concentrate to offtake partners. Smaller and earlier-stage than Liontown but competes in the same Australian hard-rock lithium export market with similar customers.
• Allkem (now Arcadium Lithium): Lithium producer with both hard-rock (Mt Cattlin in Australia) and brine (Olaroz in Argentina) operations; now merged with Livent to form Arcadium Lithium. Direct competitor in spodumene concentrate and downstream lithium chemicals with global battery manufacturer customers.
• IGO Limited: ASX-listed mining company with lithium division (Greenbushes JV stake and Kwinana lithium hydroxide refinery) and nickel/copper operations. Direct competitor and customer counterpart in the Australian lithium supply chain, with downstream conversion capability that Liontown is exploring.

Broad incumbents

• Albemarle Corporation: World's largest lithium producer with diversified brine and hard-rock operations across the Americas, Asia, and Australia (including Kemerton conversion). Overlaps with Liontown in battery-grade lithium supply but at vastly greater scale and with downstream integration Liontown is still developing.
• SQM (Sociedad Química y Minera de Chile): Global lithium and specialty chemicals producer with major brine operations in Chile's Atacama Desert. Competes with Liontown in the lithium supply chain and is a participant in Australian lithium (Covalent Lithium JV with Wesfarmers), giving it direct overlap with Liontown's strategic space.
• Ganfeng Lithium: Chinese integrated lithium producer (Mt Marion JV with MinRes, multiple brine and conversion assets globally). Competes with Liontown as both a spodumene concentrate buyer and downstream converter; relevant comparable given Liontown's exploration of lithium refinery with LG Energy Solution.
• Tianqi Lithium: Chinese lithium giant with stakes in Greenbushes (with Albemarle and IGO) and significant conversion capacity. Competes in the global lithium chemicals market that Liontown's downstream refinery strategy targets, and represents the type of integrated incumbent Liontown is positioning against.

Emerging players

• Sayona Mining: ASX-listed hard-rock lithium developer with Quebec (Canadian) operations and previously Australian assets; merged with Piedmont Lithium. Smaller and earlier-stage than Liontown but directly comparable as a spodumene concentrate developer pursuing battery manufacturer offtakes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/liontownres
• YouTubeyoutube.com/@LiontownRes
• Facebookfacebook.com/liontownres
• LinkedInlinkedin.com/company/liontown-resources-limited
• Instagraminstagram.com/liontownres

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Liontown