The common realized worth for lithium uncooked materials spodumene focus fell 74% to $1,176 per tonne in fiscal 2024, Pilbara stated.
The nation’s largest pure-play lithium miner posted underlying revenue after tax of A$318 million ($215.83 million) for the 12 months ended June 30, in contrast with A$2.28 billion a 12 months earlier.
The corporate additionally stated it had obtained credit score authorized commitments from a banking group for a brand new A$1 billion debt facility to refinance its current venture debt and additional strengthen its steadiness sheet.
($1 = 1.4734 Australian {dollars})
(By Shivangi Lahiri; Enhancing by Sandra Maler and Diane Craft)