Liontown enters Centenario farm-in: what it means for Liontown stock

Published on 10/07/2026 at 07:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Liontown can earn up to 100% of Centenario in Argentina. FY2026 revenue reached AUD 639 million and operating cash flow was AUD 182 million.

Liontown, AU000000LTR4, Illustration mit AI erstellt.

Liontown Resources Limited (AU000000LTR4) can earn up to 100% of the Centenario lithium brine project in Argentina through a staged farm-in announced on September 1, 2026. The move adds a second lithium growth path beside Kathleen Valley, while the last Lang & Schwarz close was EUR 0.52 on October 5, 2026.

Why the farm-in matters

According to Liontown on September 1, 2026, Centenario covers 14,577 hectares in Salta Province and carries an initial work program of USD 15 million over 12 to 24 months. Liontown can first earn 49% by funding USD 15 million of project expenditure over 24 months, with later stages allowing the company to reach 100%.

The staged structure limits the immediate commitment. Initial consideration comprises USD 5 million in cash and USD 10 million in Liontown shares, while total project expenditure can reach USD 40 million over four years, according to Liontown.

Cash flow funds the next phase

Liontown entered the expansion phase with a stronger FY2026 financial base. In the FY2026 results call, Yahoo Finance reported revenue of AUD 639 million, more than double FY2025, alongside AUD 182 million of operating cash flow and AUD 93 million of NPAT. Underlying EBITDA was AUD 147 million, compared with AUD 20 million in the prior year.

The operating ramp remains central to the investment case. Management said Kathleen Valley was on track for a 2.8 million tonne annualized run rate by the end of FY2027, while expansion early works include up to AUD 77 million of capital before the final investment decision.

Analyst caution meets expansion

According to Markets Insider on October 1, 2026, Ord Minnett downgraded Liontown to Hold and set an AUD 0.95 price target. The same report cited quarterly revenue of AUD 431.6 million for the quarter ended June 30, 2026, compared with AUD 197.16 million a year earlier.

That contrast defines the stock's current tension: operating cash generation supports investment, but the Centenario farm-in adds exploration exposure before its resource potential is established. Lithium prices, underground execution and capital allocation remain the key variables for the next phase.

Stock reference for German investors

The last Lang & Schwarz close for Liontown was EUR 0.52 on October 5, 2026. The quote data showed the same EUR 0.52 as the prior close, so no daily percentage change is stated. The further course of trading is shown by the continuously updated real-time quote of Liontown stock.