Core progresses Finniss restart study, optimises infrastructure
ASX-listed Core Lithium is advancing its restart study for the Finniss lithium operation, located 88 km south-west of Darwin Port, with promising results pointing to opportunities to enhance productivity and reduce operating costs.
The study, on track for completion in the second quarter, is focusing on optimising the existing infrastructure and improving mining and processing efficiency to streamline future operations.
As part of the study, Core has successfully concluded the last remaining operating contracts from the previous mining period, giving the company full ownership of the Finniss infrastructure. This move is expected to lower care-and-maintenance costs and supports a revised operational model aimed at enhancing productivity.
Core has committed to a total of A$19.5-million in payments over the next four months to settle these transactions, which align with the company’s broader goals to reduce costs and increase operational resilience. With full control over its infrastructure, Core is positioned to optimise future operations at Finniss, including the BP33 lithium deposit, a high-grade resource with a current ore reserve of 8.7-million tonnes at 1.38% lithium oxide.
The restart study also includes metallurgical testwork to improve recoveries and processing capacity at the dense-media separation plant, with the potential for optimising the plant without needing additional flotation circuits. The final restart decision will depend on the study’s findings, market conditions, and board approval for the final investment decision.
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