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.