Liontown Resources Signs LOA with Zenith Energy for power supply to the Kathleen Valley Project

Liontown Resources Limited (ASX: LTR) announced that it has signed a Letter of Award (LOA) with Zenith Energy Pty Ltd for the supply of power to the Kathleen Valley Lithium Project in WA for a period of 15 years. Under the agreement, Zenith Energy will fund, design, build, operate and maintain a 95MW hybrid power station at Kathleen Valley for an early period of 15 years from commercial operation of the Hybrid Power Station, which is forecasted to join with the process plant commissioning in the first half of 2024.

With 46MW of emissions-free power generation capacity, the 95MW hybrid power station is currently likely to have the biggest off-grid wind-solar-battery storage renewable capacity for a mining project in Australia. Both parties have also agreed to use their best practice to finalise a binding Power Purchase Agreement within 90 days of the announcement date.

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