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<WIRE> Allkem: Qtrly Lithium Carbonate Sales Were 3,430 Tonnes (ASX:AKE)



Allkem Ltd reported that its quarterly lithium carbonate sales were 3,430 tonnes. In the June quarter, the company's group revenue was $334 million, compared to $315 million reported in the previous quarter. The Olaroz lithium facility produced 16,703 tonnes of lithium carbonate in the fiscal year. Olaroz Stage 2 achieved first wet production in mid-July and will continue commissioning over the next 12-18 months. Mt Cattlin achieved annual production of 130,984 tonnes of spodumene concentrate. Additionally, the ore reserve update confirms an additional 4-5 year mine life to 2027-2028. Sales for the September quarter are expected to be materially higher from Olaroz Stage 1. Furthermore, subject to regulatory approval, mining of the first cutback (Stage 4-1) of the open pit at Mt Cattlin has been approved, which will result in continued spodumene production into 2026.


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