Key points
- Agreement with Glencore for sale of ~25kt of lithium fines
- Base price of ~US$285/t (~A$400/t) CIF
- Expected proceeds in December quarter
Full summary
Core Lithium Ltd (ASX: CXO) has completed the sale of its remaining ~25,000 tonnes of lithium fines from the Finniss Lithium Operation to Glencore International AG. This transaction, the third sale of lithium fines from Finniss, follows two previous sales in April and June. The base price for the lithium fines is approximately US$285 per tonne (~A$400 per tonne) CIF, subject to adjustments for grade, moisture, impurities, and transport differentials. The shipment is scheduled for this quarter through the Darwin port. This sale completes the monetization of all existing stockpiles, enhancing financial flexibility and positioning Core for its first spodumene concentrate shipment in the December quarter.
Guidance
Incremental revenue from total lithium sales in 2026: ~A$38.5 million
Outlook
Core is well-positioned for its first spodumene concentrate shipment in the December quarter, enhancing financial flexibility.