Liontown Resources Limited

Good morning everyone and welcome to the September quarterly webcast for Liontown Resources. I have Tony Ottaviano, Managing Director and CEO, Alan Smith, Chief Operating Officer, and John Latto, Chief Financial Officer, with me this morning to present the company's results. Following the formal presentation, there will be a Q&A session for investors and analysts. Participants can ask both text and live audio questions during today's call. To ask a text question, Select the messaging icon, type your question in the box towards the top of the screen and press the send button. To ask a live audio question, press the request to speak button at the top of the broadcast window. The broadcast will be replaced by the audio questions interface. Press join queue and if prompted, select allow in the pop up to grant access to your microphone. If you have any issues asking a question via the web, a backup phone line is available. Dial-in details can be found on the Request to Speak page or on the Home tab under Asking Audio Questions. To view documents relevant to today's meetings, select the Documents icon. A list of all available documents will appear. When selected, the document will open within the platform. You will still be able to listen to the meeting while viewing the documents. Text questions can be submitted at any time, and the audio queue is now open. I'll now hand over to Tony Ottaviano.

Thank you, Josh, and welcome everyone to the call. We are immensely proud to today deliver our first quarterly, which includes a suite of production results. It's been an immensely proud journey that we've been able to do from explorer to developer, now to producer. So we've joined the ranks of the global lithium producers as of today. This quarterly report demonstrates very clearly our continuation of what we say we deliver and we are in the process of moving forward on a ramp up that we're very confident and is in line with our expectations. So if we go to the first slide, please, Josh, is the important information. So the next one, please. Okay, I'd like to start with ESG and the first bucket being safety. I mean, we are a company that has come out of construction and we're now moving into a new phase of being an operator. As a result, the risks present themselves in a different way and the management team led by Adam Smith are very conscious of this and our focus remains relentless on safety. Any injury is one injury too many and whilst these results are steady, we continually look to remove all injuries from the workplace as best we can. Our social metric around, one of the social metrics, we've got many, but the one around female participation in the workforce, and again, from a company that started with nothing, we've now got well over 320 employees and we've hit the industry standard on female participation. That's not the end, it's just the beginning. Whilst the B end of town can offer various value propositions for female employees to join them, we'd like to encourage females to also consider companies such as us that we can offer a differentiated value proposition. On the environment, and there's a great photo that demonstrates this, a company of our size made a bold commitment that we would get at least 60% renewable power and build Australia's largest hybrid power station. And we've done that. Not only have we done that, we've exceeded our 60% target with 86% renewable penetration at first production. And finally, again, like injuries, we don't want any material reportable incidents and we've done well there and we continue to be vigilant. Next slide, please, Josh. Looking at production highlights, I might hand over to Adam to give us that overall view of production.

Okay, good morning, everyone. I think the key metrics here are pretty standard for a company such as ours. Mining, 4.1 million tonnes for the quarter. We started mining very early in the piece. The open pit mining has been running almost 20 months. Underground has been running since last October, so nearly 12 months. And that's proven in the way that's just, I guess, drum beating through and producing the tonnes when we need them. So we're not living hand to mouth. We've got decent stockpiles on the ROM at grade. Processing 280,000 tonnes for the quarter based on two months. To put that in context, we've already processed nearly 200,000 this month. So you can see the progression from when we started. Plant availability, I think, reflects the amount of effort and design and effort and work that we put into building the plant. 87% for the quarter. To put that in context, 99% for the last week, 98% for the last month. So this is real... I guess a real positive for what we've built and allows the team to then optimise the plan. And that's where people should get some confidence. Production, 28,000 dry metric tonnes for the quarter. That's in excess of 52,000 tonnes as we sit today with sort of 65,000 tonnes forecast to be shipped. So that gives you a feel for how confident we're going with the production. Sales, 10,000. That was our first shipment. Our second shipment got away last Friday of another 22,000. So you can see not only are we producing it, but we're getting it out the door as well. And lithium recovery at 51%. There's a chart a little bit further in the slide deck that shows you how that has progressed and continues to progress, I think would be the best way with lithium recovery. Thank you, Adam.