Business UpdateJun 2, 2026, 04:16 PM
Elevra Lithium: YTD FY26 Revenue $167M, NAL Expansion Underway
AI Summary
Elevra Lithium's June 2026 report highlights operational and financial performance, with YTD FY26 revenue at US$167 million and a pro-forma market cap of US$1,887 million. The company is advancing its NAL expansion project, targeting staged production growth from CY27, and has signed a non-binding MoU with Mangrove Lithium for spodumene concentrate offtake. Key strategic focuses include optimizing existing operations, developing assets based on an expanded resource base, and integrating into the supply chain via strategic partnerships.
Key Highlights
- Elevra Lithium produced 143,489 dry metric tonnes and sold 147,517 dry metric tonnes YTD FY26.
- YTD FY26 revenue reached US$167 million with a unit operating cost of US$840.
- Pro-forma net cash stands at US$321 million and pro-forma market cap at US$1,887 million.
- Mineral Resource Estimate: 229 Mt @ 1.14% Li2O (Measured, Indicated & Inferred).
- NAL expansion study confirms lower costs and strong returns, with staged production growth starting CY27.
- Elevra aims to increase grade control drilling, optimize production and costs, and improve recovery.
- The company plans to deliver NAL expansion stage 1 and revisit Moblan DFS with an expanded resource base.
- Elevra signed a non-binding MoU with Mangrove Lithium for spodumene concentrate offtake.
Price Impact
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