LA Private

September 2023

Australia’s wealth surges despite per capita growth recession

According to the June quarter’s national accounts, Australia is in the midst of a per capita growth recession, with falls of 0.3% in each of the March and June quarters. However, the financial national accounts, released on Thursday, tell a very different story with the country and Australians getting wealthier. It’s all down to the […]

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Liontown Resources’ cost blowout

Liontown Resources (ASX:LTR) has further exposed its financial vulnerabilities with another cost overrun on its Kathleen Valley lithium project in Western Australia’s northern Goldfields. The company has accepted a $3 per share cash offer from US lithium giant Albemarle. However, Gina Rinehart’s Hancock Prospecting is working to acquire a potentially blocking 10.7% stake. On Friday,

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Vital Metals (ASX:VML) – Canada’s first rare earths miner

Vital Metals Limited (ASX:VML) Interim Non-Executive Chairman Richard Crookes discusses termination of the company’s Saskatoon facility, the Tardiff rare earths asset, and next steps for the company. Richard Crookes: Yeah, so I’m here today really to provide a bit of colour to our recent ASX announcement. I think it provides clarity and a long overdue

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Stocks of the Hour: Liontown Resources, Blackstone Minerals, Harvest Technology Group

A snapshot of the stocks on the move, featuring Liontown Resources, Blackstone Minerals and Harvest Technology Group. Kathleen Valley Project update Liontown Resources Limited (ASX:LTR) announces an update on the estimates of the Kathleen Valley Lithium Project. The project remains on schedule to commence first production of spodumene by mid-2024, the project capital costs to

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