Core Lithium Commences Mining Operations at Finniss
Key points
- Mining operations have started at Grants open pit
- First ore expected to be processed in Q2
- First spodumene shipment targeted for Q4
Full summary
Core Lithium Ltd (ASX: CXO) has commenced mining operations at the Grants open pit, part of its Finniss Lithium Operation in the Northern Territory. This marks the physical commencement of mining as the company progresses its staged return to production. Ore from Grants is expected to be processed during the September quarter, with the first spodumene concentrate shipment targeted for the December quarter. The Grants open pit is a key component of Finniss's execution plan, providing a near-term source of ore feed for the processing plant. Meanwhile, underground development at BP33 continues to progress on schedule.
Guidance
First ore processing in Q2, first shipment in Q4
Outlook
Core Lithium expects to re-enter the spodumene market in the December quarter, with further shipments planned for CY2027.
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