Commercial production was declared at the Kathleen Valley Lithium Operation process plant in the Quarter and, with a continued focus on cost optimisation, the Company again delivered strong results in the face of a volatile trading environment, including:

• Revenue up 17% to A$104 million;
• Positive cash flow generated from operating activities of A$14 million;
• 95,709 dmt of spodumene concentrate produced and 93,940 dmt sold across five shipments;
• 64% average lithia recovery – a 10% improvement Quarter-on-Quarter;
• Robust Quarter-end cash balance of A$173 million; and
• SC6e Unit Operating Cost of A$816 (US$512) FOB – 18% reduction from the previous Quarter.

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