After a few tense months concerning possible delays on Core Lithium’s opening of the Finiss Lithium mine, the company announced this morning that the mine was officially opened in the Northern Territory.
The mine will be formally opened by the Minster for Mining and Industry, Nicole Manison who will be joined by Core CEO Gareth Manderson along with various other members of the Core Lithium board. Further to this, the company also confirmed that they are on track to export Direct Shipping Ore (DSO) lithium by the end of 2022 with their flagship product of 6% hard rock spodumene ore to be shipped within the first half of 2023.
Core CEO Gareth Manderson stated:
“Core is bringing production online at a time of high lithium prices, strong global demand and constrained supply. The Core team has done a fantastic job quickly transitioning from discovery and exploration to construction and shortly supply of high-grade lithium concentrate to a global market in just six years.”
In order to facilitate this production timeline, Core Lithium also announced this morning that they have awarded a 5-year Operations and Maintenance contract to Primero which is a subsidiary NRW Holdings (ASX:NWH). This contract relates to the O&M of Core Lithium’s Dense Media Separation (DMS) plant at their flagship Finiss lithium project.
Together with the official opening of the mine, Core Lithium will be in the market spotlight to ensure that they meet their production timelines in order to take full advantage of the currently very bullish trends surrounding lithium stocks.