LTR executed a binding power purchase agreement with Zenith Energy Pty Ltd

Liontown Resources Limited (ASX: LTR) announced that it had entered into a binding Power Purchase Agreement with Zenith Energy Pty Ltd to deliver power to the Kathleen Valley Lithium Project in Western Australia. Zenith Energy will fund, design, construct, own, operate and maintain a 95MW hybrid power station at Kathleen Valley for a preliminary period of 15 years from commercial operation of the Hybrid Power Station, which is anticipated to overlap with the commissioning of the process plant in the first half of 2024.

Liontown Resources has received the approval for an AU$25.0 million guarantee facility from Export Finance Australia as part of the security package as per the Power Purchase Agreement, which will support the timely construction of the Hybrid Power Station at Kathleen Valley.

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