Core Lithium ltd (CXOXF)

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ABOUT US


ASX-listed Core Lithium Ltd (ASX: CXO) is well positioned to be Australia’s next lithium producer, developing one of Australia’s most capital-efficient and lowest-cost spodumene lithium projects; the Finniss Lithium Project, located near Darwin Port in the Northern Territory, Australia.

In 2021, Core released a Definitive Feasibility Study and Scoping Study on Finniss, the highlights of which included production of an average 173,000tpa of high-quality lithium concentrate at a C1 Opex of US$364/t and A$89m Capex through simple and efficient DMS (gravity) processing of some of Australia’s highest-grade lithium Mineral Resources, along with an initial 10 year mine life.

Subject to continued favourable market conditions for lithium, financing and a final investment decision, Core expects to commence construction at Finniss before the end of 2021, with first production anticipated before the end of 2022.

The Finniss Lithium Project has arguably the best supporting infrastructure and logistics chain to Asia of any Australian lithium project. The Finniss Lithium Project is within close proximity to power stations, gas and rail, and is 88km by sealed road to workforce accommodated in Darwin and importantly to Darwin Port - Australia’s nearest port to Asia.

Core has already established binding offtake and is in the process of finalising further agreements within the lithium battery supply chain and electric vehicle industry.

Core Lithium has an experienced and proven team of directors and management with excellent skill sets for driving value growth in the mining industry. They have worked together successfully both as a team and separately in a number of listed mining companies on the ASX.

https://corelithium.com.au/