Core approves A$50m spend for early works at BP33
PERTH (miningweekly.com) – The board of lithium miner Core Lithium has approved a A$45-million to A$50-million spend for early works at the BP33 underground mine, in the Northern Territory.
A final investment decision (FID) on the underground operation is expected by the end of the first quarter of 2024, and Core on Friday told shareholders that the final project scope and capital cost estimates for BP33 would now be determined using the recently increased mineral resource.
“We are pleased to announce this positive, incremental investment decision that allows initial works to be undertaken while the feasibility study is completed for BP33, our potential next mine at the Finniss lithium operation,” said Core CEO Gareth Manderson.
Early works for BP33 underground will include the covered box cut, improved access and some associated surface works for water management. Subject to potential early-wet-season-modelled geotechnical and groundwater impacts, this work is expected to be complete by the end of the first quarter of 2024. This approach allows a detailed feasibility study to be completed in parallel and enable mine decline development to begin soon after a positive FID.
“We will continue focus on the safe ramp-up of the Grants openpit and concentrate production through the dense media separation (DMS) plant. We will aim to provide final project expenditure and other project metrics once we have incorporated the increased resources into our studies by the first quarter of 2024,” said Manderson.
BP33 is located within trucking distance of the Grants openpit, crusher and DMS plant and has a current mineral resource of 10.1-million tonnes at 1.48% lithium oxide.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Formerly known as Bauer Geared Motors South Africa, the company was founded in 1984 as the sole distributor in Southern Africa of the Bauer Geared...
VISIT SHOWROOM
In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
