Mine / resource · Australia

Mt Holland (Earl Grey)

ProducingVerified 24 Oct 2026As of 25 Oct 2026

Owner: Covalent: SQM / Wesfarmers 50/50
Listed via: SQM WES.AX
Product: Spodumene
Deposit type: Spodumene
Capacity: FY26 WesCEF 50% share 209 kt SC (at grade; above 190 kt nameplate share); FY27 guidance ~380 kt SC (100%), in line with nameplate
≈ 50 kt LCE/yr (nameplate)
Location: -32.09°, 119.76°
Source: Filing used for verification

FY26 production beat nameplate; expansion to ~760 ktpa nameplate approved Jul 2026, first product targeted CY2030.

Ownership structure

Effective economic interest of listed owners · As of 25 Oct 2026

Attributable capacity

Listed owner	Stake	kt SC/yr	kt LCE/yr
SQM SQM	50%	≈187	≈25
Wesfarmers WES.AX	50%	≈187	≈25

Capacity × effective stake. kt SC ≈ kt LCE × 7.5 (grade-based, 90% recovery).

Structure: Covalent: SQM / Wesfarmers 50/50.

Value chain

Owners, buyers and the refineries on Li3atlas they feed · As of 25 Oct 2026

Listed ownersSQMSQM · 50%WesfarmersWES.AX · 50%

Mine / resourceMt Holland (Earl Grey)FY26 WesCEF 50% share 209 kt SC (at grade; above 190 kt nameplate share); FY27 guidance ~380 kt SC (100%), in line with nameplate

Milestones

As of 25 Oct 2026

Upcoming (1)

H1 2030First expansion volumesExpansion · source

Completed (1)

Jul 2026Expansion FID to double output to 760 kt/yrFID · source

Country risk · Australia

Policy risk: Low As of 24 Oct 2026

Royalty: Western Australia: 5% of gross sales revenue on spodumene concentrate, at first point of sale (since 28 Mar 2020)

Stable fiscal regime; royalty set by the state. source

Change history

Approved changes with their source · As of 25 Oct 2026

Date	Field	Change	Source
25 Oct 2026	production_plan	new: 2027: 380 kt SC · Wesfarmers FY2027 guidance (year to 30 Jun 2027), 100% basis ~380 kt; point value, not a range. The expansion to ~760 ktpa (first product CY2030) has no year-by-year schedule, so it is not included (as of 2026-08-27)	Wesfarmers Limited 2026 Full-year Results (ASX: WES, 27 Aug 2026)
24 Oct 2026	Realised price	new: Spodumene US$2,048/t · Jun Q 2026 · SQM average realised spodumene concentrate price (grade and terms not stated)	SQM Form 6-K: SQM Reports Earnings for the Six Months Ended June 30, 2026 (SEC EDGAR, 18 Aug 2026)
24 Oct 2026	Realised price	new: Spodumene US$1,461/t · Mar Q 2026 · SQM average realised spodumene concentrate price (grade and terms not stated)	SQM Form 6-K: 1Q2026 earnings release (SEC EDGAR, filed 27 May 2026)
24 Oct 2026	Capacity	~0.38 Mtpa SC6 → FY26 WesCEF 50% share 209 kt SC (at grade; above 190 kt nameplate share); FY27 guidance ~380 kt SC (100%), in line with nameplate	Wesfarmers Limited 2026 Full-year Results (ASX: WES, 27 Aug 2026)
24 Oct 2026	Notes	Feeds Covalent Kwinana refinery. → FY26 production beat nameplate; expansion to ~760 ktpa nameplate approved Jul 2026, first product targeted CY2030.	Wesfarmers Limited 2026 Full-year Results (ASX: WES, 27 Aug 2026)
24 Oct 2026	Verified	Values confirmed	Wesfarmers Limited 2026 Full-year Results (ASX: WES, 27 Aug 2026)

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