Allkem Limited revised production guidance for the full year 2023 and provides production guidance for the fiscal year 2024. The company currently anticipates that fiscal year 2023 annual production at Mt Cattlin will be approximately 140,000 t -150,000 t compared to the previous guidance of 160,000 t -170,000 t. Production will be split approximately 15%, 20%, 30%, 35% across each respective quarter and with fiscal year 2023 costs expected to be approximately USD 900/t.

As reported in the June Quarterly Report, ore grades will increase from 0.93% - 0.94% in the current year to 1.17% in fiscal year 2024 which will have a beneficial impact on costs and production.