Welcome to Core Lithium, Australia’s next lithium producer.
About CORE LITHIUM
Core Lithium is set to become the first Australian lithium producer outside of Western Australia, through development of its Finniss Lithium Project in the Northern Territory.
The Company plans to mine and produce high-quality lithium concentrate from the Finniss Project, located one hour’s drive by sealed road from capital city infrastructure and Darwin Port - Australia’s nearest port to Asia.
Core released its Definitive Feasibility Study for the Finniss Project in April 2019 and is also finalising regulatory approvals and financing before commencing construction later this year, ahead of ramping up commercial production in early 2020.
The excellent project economics are underwritten by modest capex and robust operating margins and short payback period.
Core has binding offtake and prepayment finance with Yahua, one of China’s largest lithium producers and is engaged with a number of other parties to finalise additional offtake agreements.
Another major milestone was achieved in January this year, when the Northern Territory Government issued its first ever lithium Mineral Lease to Core.
The Finniss Project has a global Mineral Resource Estimate of 8.85 million tonnes at a high grade of 1.3 % Li20, and the company expects it will grow well beyond 10Mt from the surrounding 500km2 of granted tenements over the Bynoe Pegmatite Field before first production is achieved.
Lithium has become a staple ingredient of the rapidly emerging renewable technologies industry to fight climate change, with its ability to store large amounts of energy making it a key component in the development of rechargeable and energy storage batteries that, in turn, form the centrepiece of the electric vehicles and renewable energy markets.
Project located 30km from capital city and Darwin Port – Australia’s closest port to Asia
Low capex 1 million tonne per annum DMS plant producing high-quality spodumene concentrate
Strong operating margins and quick payback
First ever lithium Mineral Lease in the Northern Territory awarded to Core in January 2019
Binding offtake and prepayment finance with one of China’s largest lithium producers
Commercial production ramping up in early 2020
ASX Profile (ASX:CSO)
REGISTERED AND PRINCIPAL OFFICE
Level 1, 366 King William Street
South Australia 5000
PO Box 6028 Halifax Street
South Australia 5000
Telephone: +618 8317 1700
Investor Relations Enquiries
Level 1, Tower 2 Brookfield Place
123 St Georges Terrace
Western Australia 6000
Telephone: 08 6314 6300