What is Core Lithium, What Do They Do and Where Are Their Projects Located?
Core Lithium: Energizing Australia's Lithium Future from the Northern Frontier
Finniss Lithium Operation: Pioneering the Northern Territory's Lithium Legacy
In the sweeping vistas of Australia's Northern Territory stands an emblem of innovation and lithium prowess: Core Lithium Limited (ASX: CXO). This Australian lithium miner commands the helm of the Finniss Lithium Operation, an epoch-making venture marking the Northern Territory's inaugural and solitary lithium mine, challenging the stronghold of Western Australia's lithium dominance. Nestled just 88 kilometers from the Darwin Port, Finniss enjoys the strategic advantage of one of Australia's most efficient logistics chains, underscoring its significance in the lithium realm.
A Journey of Discovery and Advancement
Core Lithium Limited's ascent began in 2016 when it acquired its initial landholding in the Bynoe pegmatite field, marking the genesis of the Finniss Project. Swiftly after, the groundbreaking discovery at the Grant's deposit in mid-2017 propelled Core to publish Finniss' maiden Mineral Resource Estimate, revealing a promising 1. 8Mt @ 1. 5% Li2O.
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Remarkable Strides in Lithium Evolution
In an unprecedented feat spanning less than six years since the maiden Resource, Core Lithium Limited has steered Finniss through monumental milestones. From the Final Investment Decision to securing long-term offtakes with global lithium giants like Sichuan Yahua and Ganfeng Lithium, the project has witnessed an astronomical growth in its Mineral Resource, now boasting a staggering 30. 6Mt @ 1. 31% Li2O. Commencing mining operations at the Grants pit, concluding construction of the operations plant, and initiating production and export of spodumene concentrate mark remarkable achievements in Finniss' evolution.
Charting the Course for Future Dominance
With an eye on the horizon, Core is steadfastly committed to delivering on long-term offtake agreements, gearing up for commercial operations at Grants, and propelling the BP33 project to the forefront. BP33, hailed as the potential long-life cornerstone asset of the operation, sets its sights on a Final Investment Decision in the March quarter of 2024, underscoring Core's vision of sustained growth and expansion.
Revolutionizing the Northern Lithium Landscape
Core Lithium Limited's presence in the Northern Territory heralds an era of transformation in Australia's lithium narrative. With Finniss Lithium Operation as the bedrock of its pioneering endeavors, Core not only cements its place in the regional lithium market but also challenges the established dominion of Western Australia. By navigating through milestones at an unprecedented pace and envisaging an ambitious future, Core Lithium Limited emerges as an indispensable force shaping the future of Australia's lithium industry.
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