ASX-listed Core Lithium is Australia’s most advanced new Lithium producer, developing one of Australia’s most capital efficient and lowest cost spodumene Lithium projects located near Darwin Port in the Northern Territory, Australia which is near construction ready.
Core Lithium is aiming to complete project finance in the next few months and be in construction by Q3 of 2021 which means production of high quality Lithium products is planned to commence at the Finniss Lithium project by the end of 2022.
The project DFS shows production of 175,000tpa of high-quality Lithium concentrate which is a large spodumene project. Core Lithium has 40% off-take agreements in place and is in the process of negotiating further agreements within the Lithium battery supply chain and electric vehicle industry. As spodumene prices continue to rise Core Lithium and their customers are keen to get this project into construction as soon as possible.
Core Lithium raised A$40M earlier this year which means the company is in a good position to ensure the project is ready to go once finance is agreed with key contracts, systems, orders and human resources already in place.
The Finniss Lithium Project has great infrastructure and a logistics chain to Asia and is within 25km of port, power station, gas, rail and 1 hour by sealed road to workforce accommodated in Darwin and importantly to Darwin Port - Australia’s nearest port to Asia.
Core Lithium also has significant Uranium assets within their portfolio and the company plans to find a corporate or separate pathway to advance these projects as interest in the Uranium sector is returning from generalist investors. In addition, their Gold project is progressing with the appointment of an exploration manager and drilling is planned to commence in the next few weeks.
Company page: https://corelithium.com.au/
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