Liontown Resources shares (ASX:LTR) have fallen by 1.7%, largely due to the higher capital cost estimate for Kathleen Valley project.

The cost now is projected to be A$951 million, marking a 6% increase from the previously announced A$895 million in January.

Kathleen Valley project, based in North-East of Perth, is considered one of the primary assets of Liontown Resources.

It is set to be acquired by Albemarle Corp.

Despite this recent plunge, Liontown’s share price has clocked in an increase of 125.8% this year.

Liontown Resources is an Australian mining company focusing on the exploration and development of high-quality lithium deposits.