Core Lithium awards contract for Finniss project

Core Lithium has awarded NRW a A$50m ($34.7m) declaration for aboveground mining services astatine the Grants deposit, portion of the company’s Finniss Lithium Project successful the Northern Territory, Australia.

Mobilisation is expected to statesman immediately, with mining and ore accumulation scheduled for May 2026.

The Finniss Lithium Project is situated astir 23km southbound of Darwin and 33km westbound of Berry Springs. The tenement covers an country of much than 500km².

The declaration covers each indispensable activities for delivering worldly to the Grants tally of excavation according to a modular complaint schedule.

It marks a important measurement successful restarting operations astatine Finniss pursuing the company's caller support of its last concern decision.

This inaugural integrates Grants' open-pit mining with the Finniss excavation plan, facilitating accelerated accumulation astatine reduced archetypal superior expenditure.

Approximately 784,000t of ore is accessible nether the optimised Grants Pit design, which is expected to output astir 134,000t of 5% spodumene ore (SC5).

Along with these developments, BP33 underground container chopped and civilian infrastructure activities person started.

These projects make a structured pathway for Finniss' restart, offering a phased, low-risk summation successful operations.

The combined efforts astatine Grants and BP33 purpose to found Finniss arsenic a cost-effective, semipermanent lithium operation.

Initial ore from Grants volition beryllium processed and transported successful the September quarter, with the archetypal spodumene ore shipment planned for aboriginal successful the December 4th and consequent shipments extending into 2027.

Core Lithium managing manager Paul Brown said: “The grant of the Grants open-pit mining declaration marks a cardinal measurement successful the restart of the Finniss Lithium Operation and intelligibly demonstrates our displacement from readying to execution.

“Grants provides a low-risk, near-term root of ore utilizing existing infrastructure, enabling a accelerated and superior businesslike pathway backmost into production. With mobilisation commencing immediately, this declaration underpins our restart docket and near-term currency procreation objectives.”

In February 2026, the institution signed a binding statement for the merchantability of its remaining spodumene ore stockpile from the Finniss Lithium Project to Glencore International.

"Core Lithium awards declaration for Finniss project" was primitively created and published by Mining Technology, a GlobalData owned brand.

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