| Provisions |
| |
|
2026
$’000
|
|
|
2025
$’000
|
|
|
Employee benefits
|
|
|
4,265
|
|
|
|
3,984
|
|
|
Mine closure and rehabilitation (1)
|
|
|
22,710
|
|
|
|
19,282
|
|
|
Onerous contracts
|
|
|
17,231 |
|
|
|
– |
|
|
Total provisions
|
|
|
44,206
|
|
|
|
23,266
|
|
|
Comprising:
|
|
|
|
|
|
|
|
|
|
Current
|
|
|
17,337
|
|
|
|
3,984
|
|
|
Non-current
|
|
|
26,869
|
|
|
|
19,282
|
|
|
(1)
|
The amount reported for the year ended 30 June 2026 is comprised of a provision
of $19.3 million for closure and rehabilitation of North American Lithium (2025: $19.3 million) and $3.4
million for rehabilitation of the Tennessee landfill facility (2025: Nil). The timing of closure and rehabilitation of
North American Lithium is estimated to occur between 2045 and 2047 whilst the timing of rehabilitation of the Tennessee landfill facility is estimated to occur between 2027 and 2028.
|
|
| Movement in Provisions |
The movement in provisions during the year is as follows:
|
Year ended 30 June 2026
|
|
Employee
benefits
$’000
|
|
|
Mine closure
and
rehabilitation
$’000
|
|
|
Onerous
contracts
$’000
|
|
|
Total
$’000
|
|
|
At the beginning of the financial year
|
|
|
3,984
|
|
|
|
19,282
|
|
|
|
– |
|
|
|
23,266
|
|
|
Acquisitions through business combinations
|
|
|
9,094 |
|
|
|
4,265 |
|
|
|
21,481 |
|
|
|
34,840 |
|
|
Amounts capitalised for changes in underlying costs and estimates
|
|
|
–
|
|
|
|
408
|
|
|
|
– |
|
|
|
408
|
|
|
Charge/(credit) to the Consolidated Statement of Profit or Loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in underlying costs and estimates
|
|
|
4,735
|
|
|
|
–
|
|
|
|
– |
|
|
|
4,735
|
|
|
Released during the year
|
|
|
–
|
|
|
|
–
|
|
|
|
(2,270 |
) |
|
|
(2,270
|
)
|
|
Unwinding of discount rate
|
|
|
–
|
|
|
|
320
|
|
|
|
17 |
|
|
|
337
|
|
|
Transfers and other movements
|
|
|
(83
|
)
|
|
|
(736
|
)
|
|
|
– |
|
|
|
(819
|
)
|
| Utilisation |
|
|
(13,465 |
) |
|
|
(829 |
) |
|
|
(1,997 |
) |
|
|
(16,291 |
) |
|
At the end of the financial year
|
|
|
4,265
|
|
|
|
22,710
|
|
|
|
17,231 |
|
|
|
44,206
|
|
|
Year ended 30 June 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At the beginning of the financial year
|
|
|
3,953
|
|
|
|
16,867
|
|
|
|
–
|
|
|
|
20,820
|
|
|
Amounts capitalised for changes in underlying costs and estimates
|
|
|
–
|
|
|
|
2,101
|
|
|
|
–
|
|
|
|
2,101
|
|
|
Charge/(credit) to the Consolidated Statement of Profit or Loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in underlying costs and estimates
|
|
|
3,904
|
|
|
|
–
|
|
|
|
–
|
|
|
|
3,904
|
|
|
Unwinding of discount rate
|
|
|
–
|
|
|
|
265
|
|
|
|
–
|
|
|
|
265
|
|
|
Transfers and other movements
|
|
|
10
|
|
|
|
49
|
|
|
|
–
|
|
|
|
59
|
|
|
Utilisation
|
|
|
(3,883
|
)
|
|
|
–
|
|
|
|
–
|
|
|
|
(3,883
|
)
|
|
At the end of the financial year
|
|
|
3,984
|
|
|
|
19,282
|
|
|
|
–
|
|
|
|
23,266
|
|
|