Date: 06 November 2018 , 11:35
News ID: 2513
NEWS SERVICE: Non-Ferrous

Australia's Core increases Finniss lithium resource

Australia-based metals developer Core Exploration has increased the size of its Finniss lithium project in the Northern Territory (NT) to 5mn t grading 1.5pc lithium oxide, confirming its status as one of Australia's highest grade undeveloped lithium projects.
Australia

The BP33 deposits within the Finniss project has been upgraded by 51pc to 2.15mn t, adding to a recent 42pc increase in the Grant deposit that also forms part of the project.

Finniss' overall mineral resource is expected to be further increased in the next few weeks when a new mineral resource estimate is announced for the Sandras deposit.

Core is in the final stages of a definitive feasibility study on the Finniss project, due to be released by the end of November.

While most of Australia's lithium projects are in Western Australia (WA), the Finniss project is 25km from NT's Darwin port. An offtake agreement is already in place for future output from the project. First concentrate output is expect in late 2019, subject to remaining finance arrangements and regulatory approvals.

Scope remains for the mine resource to be increased to expand the size and lifespan of the project. It is Australia's closest lithium project to Asian customers with most other projects exporting concentrate from the WA ports of Port Hedland, Kwinana, Bunbury and Esperance.

source: Argus Media
Australia lithium Finniss BP33
Related News

Rio Takes step toward M&A redemption with $6.7 billion lithium bet

Six last year
Top News
Sibanye-Stillwater liable for damages to Appian for .2 billion scrapped mine deals
Sibanye-Stillwater liable for damages to Appian for .2 billion scrapped mine deals
One last month
Mobarakeh Steel Co. record holder in quantitative and qualitative production
Mobarakeh Steel Co. record holder in quantitative and qualitative production
Six last month
"Sustainability and innovation in production and development, excellence in culture", the orientation of Mobarakeh Steel Co. to realize the motto of 2024
Six last month
Gianpietro Benedetti, Chairman of Danieli Group, passes away
Gianpietro Benedetti, Chairman of Danieli Group, passes away
Six last month
The entrepreneur Gianpietro Benedetti has died, he was 81 years old
The entrepreneur Gianpietro Benedetti has died, he was 81 years old
Six last month
The President visited the Sungun Copper Complex
The President visited the Sungun Copper Complex
Two last year
Most Like