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Liontown Awards A$1 Billion Underground Mining Services Contract to Byrnecut for Kathleen Valley Project — ASX:LTR| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$LTR
Liontown Awards A$1 Billion Underground Mining Services Contract to Byrnecut for Kathleen Valley Project
Liontown Resources Limited (ASX: LTR) has awarded Byrnecut Australia Pty Ltd (Byrnecut) with the Underground Mining Services to support the development and production of its world-class Kathleen Valley Lithium Project.
Byrnecut's Award Highlights its Demonstrable Capability
The appointment of Byrnecut is a significant milestone for the Kathleen Valley Project, boasting a Mineral Resource Estimate of 156 Mt at 1.4% Li2O and 130ppm Ta2O5. Byrnecut's demonstrable record and capabilities across the entire underground mining value chain at the size and scale required for this project played a critical role in its success during the tender process.
Comprehensive Contract Details
The fixed and variable contract awarded to Byrnecut is valued at approximately A$1 billion over four years and is the largest to be awarded by Liontown. It provides the full suite of mining services for the company's underground operations and supports the initial plant throughput capacity of 3 Mtpa.
The award encompasses all aspects of underground construction,
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including significant early capitalised development extending 60 km out of a total of 90 km during the contract period. It also covers production across the Mt Mann and Northwest Flats orebodies as part of the expansion to support the initial plant throughput capacity.
Contract Evaluation and Commitment to Community
Byrnecut was selected based on its extensive expertise in large-scale underground mining, state-of-the-art equipment and processes, robust safety and training systems, and logistical support. The evaluation process also included factors such as Health, Safety, Environment and Quality (HSEQ), innovation, community engagement, and performance history.
Furthermore, Byrnecut has committed to working in collaboration with the Tjiwarl Traditional Owners to increase Indigenous participation in mining. Byrnecut will mobilise to the site throughout the September quarter, with first development expected to commence in the December quarter. The company will commit A$125 million dollars to procure new plant and equipment to execute the works.
With the awarding of the Underground Mining Services to Byrnecut, Liontown demonstrates its continued commitment to the success and development of the Kathleen Valley Lithium Project.
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134d
Official
Berkshire is hoarding so. much. cash.
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134d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
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165d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Official
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Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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$ASN
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