Operator
Welcome to Liontown’s Half Year ’26 Results Call. Following the formal presentation, there will be a Q&A session for investors and analysts. Participants can ask both text and live audio questions during today’s call. [Operator Instructions] I will now hand over to Tony Ottaviano, MD and CEO of Liontown.
Antonino Ottaviano
CEO, MD & Director
Thank you, Michelle. Good morning, everyone, and thank you for joining us today. With me today, we have Greg Jason, our Chief Financial Officer; Ryan Hair, Chief Operating Officer; and also Grant Donald, our Chief Commercial Officer.
If we can go to the first slide, please, Michelle. The important information. I want to start here by framing where we are as a company because this half has been a real inflection point for the business.
Firstly, Kathleen Valley is delivering as designed. We completed the transition to 100% underground mining during the first half and generated over $208 million of revenue, more than double the prior corresponding period. The underground mine is scaling, and we’ve got some more information on that, that Ryan will go through. The plant is performing, notwithstanding we are feeding at lower-grade material from the OSP, and we’re finishing the remnants of the open pit mine, and we’re shipping our product to customers all around the world now.
The first half financial result reflects what should reflect for a company that’s still in
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