The debt facility would ensure that the project is funded through first production and ramp up to 3 million tonnes per annum (Mtpa) base case.

“The debt facility provides financial certainty and sufficient time for Liontown to complete the previously announced review of Kathleen Valley’s 4 Mtpa expansion,” the miner said.

The company said in January it was reviewing the project to lower near-term funding needs, which could include delaying its 4 Mtpa underground development, other mine plan adjustments, and further cost cuts.

http://www.miningnewspro.com/en/News/628134/Liontown Resources enters $363m debt facility for lithium project ramp-up