First Offtake and Fines Shipments Complete
Released
Released
Announcement PDF
ASX: CXO Announcement
8 September 2023
Shipments sail: first cargo delivered into offtake agreements and
first shipment of lithium fines
Australian lithium miner Core Lithium Ltd (ASX: CXO) is pleased to provide an update for its 100%owned Finniss Lithium Operation (Finniss), near Darwin in the Northern Territory.
The inaugural 10,000t spodumene concentrate delivery into Core’s long-term offtake agreements
has been loaded onto the Clearwater Bay for delivery to foundation customer Ganfeng Lithium. The
product presented well and is within the Ganfeng contract specifications. This shipment follows the
two concentrate shipments made in April and July under separate agreements with Sichuan Yahua.
In addition, and further to the update provided in the Quarterly Activities Report for the quarter
ended 30 June 2023, Core has also successfully negotiated the sale of an initial parcel of fines from
its Finniss operations. A 15,000t parcel, with a grade of 1.2% Li2O has also been loaded.
The ship was loaded at Darwin Port yesterday and is expected to discharge the cargos at ports in
China later this month.
Core Lithium CEO Gareth Manderson said:
“Delivering concentrate into long-term offtake agreements is a significant milestone for Core as we
ramp up operations at the Finniss Lithium Operation. The product presents well and will be sold on a
formula-based pricing mechanism linked to the lithium spot price.
“The sale of the lithium fines has been established to deliver a revenue stream from a previously
unsold by-product. Lithium fines sales provides an immediate commercial option while plant recovery
improvement work is underway. I am impressed with how the operations, technical and sales and
marketing teams, have moved quickly to realise this commercial option within a short timeframe.
“Delivering first concentrate into long-term offtake agreements, and the sale of first fines are both
significant milestones, and I commend the Core team for the work they have done to safely produce
and deliver these products.”
T 61 8 8317 1700 E info@corelithium.com.au ABN 80 146 287 809
A Level 9, 2 Mill Street, Perth, Western Australia 6000 ASX CXO
The vessel Clearwater Bay at Darwin Port
Spodumene concentrates are loaded on to the vessel
T 61 8 8317 1700 E info@corelithium.com.au ABN 80 146 287 809
A Level 9, 2 Mill Street, Perth, Western Australia 6000 ASX CXO
This announcement was approved for release by the Board of Core Lithium Ltd.
For further information please contact:
Natalie Worley
Investor Relations
Core Lithium Ltd
+61 409 210 462
nworley@corelithium.com.au
For media queries:
Gerard McArtney
Account Manager
Cannings Purple
+61 487 934 880
gmcartney@canningspurple.com.au
About Core Lithium
Core Lithium Ltd (ASX: CXO) (Core or Company) is an Australian hard-rock lithium mining company that
owns and operates the Finniss Lithium Operation on the Cox Peninsula, south-west and 88km by sealed
road from the Darwin Port, Northern Territory. Core’s vision is to generate sustained value for
shareholders from critical minerals exploration and mining projects underpinned by strong
environmental, safety and social standards. For further information about Core and its projects, visit
www.corelithium.com.au.
T 61 8 8317 1700 E info@corelithium.com.au ABN 80 146 287 809
A Level 9, 2 Mill Street, Perth, Western Australia 6000 ASX CXO
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