Core Lithium to deliver Northern Territory’s first lithium mine after FID

ASX-listed Core Lithium will start building its Finniss Project in Australia’s Northern Territory in the coming weeks after making a final investment decision (FID) on the hard rock lithium project.

The decision puts Core on course to become Australia’s next producer of the key battery metal, with commissioning of the DMS plant and delivery of first lithium concentrate slated for the fourth quarter of 2022.

Mobilisation and site activities will begin at the Northern Territory’s first lithium mine during October, with 250 jobs to be created during construction and operations. “This is a significant milestone, not just for Core, but also for the Northern Territory,” said Core’s non-executive chairman Greg English.

“We are delighted to be developing the Territory’s first lithium project, investing in the local economy and creating hundreds of new jobs on a project that will deliver lasting value for all Core stakeholders.

“It is a credit to Core’s management team, led by managing director Stephen Biggins, and the strong and positive support our company has received from the NT Government that we can today announce the go-ahead for Finniss.”

The construction-ready and fully funded Finniss Project lies within 25 km of port, power station, gas, rail and one hour by sealed road to workforce accommodated in Darwin and Darwin Port – Australia’s nearest port to Asia.