CXO.ASX: Core Commences Mining Operations at Finniss

Core Commences Mining Operations at Finniss

Stock	Core Lithium Ltd (CXO.ASX)
Release Time	20 May 2026, 8:53 a.m.
Price Sensitive	Yes

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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.