Revenue (Tables)

12 Months Ended

Jun. 30, 2025

Revenue [Abstract]

Revenue

	2025 $’000			2024 $’000			2023 $’000
Sales revenue from contracts with customers		230,165			254,597			–
Other revenue (1)		(6,800	)		(53,724	)		–
Total revenue (2)		223,365			200,873			–

(1) Other revenue relates predominantly to provisional pricing adjustments recognised at fair value.

(2) Revenue relates solely to the sale of spodumene concentrate from North American Lithium. Refer to Note 5 (b) for a disaggregation of revenue by primary geographical market.

Disaggregation of Revenue from Contracts with Customers

The following table disaggregates revenue from contracts with customers by primary geographical market:

	2025 $’000		2024 $’000		2023 $’000
Primary geographical markets (1)
China		213,062		197,666		–
United States of America		10,303		3,207		–
		223,365		200,873		–

(1) Revenue is primarily presented by the geographical destination of the product.

Receivables and Contract Liabilities Relating to Contracts with Customers

The following table provides information about receivables and contract liabilities relating to contracts with customers:

	2025 $’000		2024 $’000
Receivables, which are included in ‘Trade and other receivables’		23,053		9,208
Contract liabilities, which are included in ‘Interest bearing liabilities’ (1)		44,955		–

(1) Refer to Note 19 (a) for further details.