Name of the Project
Finniss lithium project.

Location
The project is located near Darwin, in the Northern Territory, Australia.

Project Owner/s
ASX-listed Core Lithium.

Project Description
A definitive feasibility study (DFS) has confirmed that Core is well positioned to be the next lithium producer in Australia.

The April 2019 DFS focused on the development of ore reserves within the first two orebodies – Grants and BP33 – over an initial 3.5-year period.

Project comprises a low-risk, openpit mining operation and dense-media separation processing up to 180 000 t/y of high-quality lithium concentrate with robust margins.

The project will have a design throughput of one-million tonnes a year and scheduled production of 481 018 t.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 10% discount rate, of A$114-million and an internal rate of return of 80%.

Capital Expenditure
Startup capital expenditure is estimated at A$73-million.

Planned Start/End Date
Core is preparing to start construction of the Finniss project in 2021, targeting first exports of lithium in 2022.

Latest Developments
Core Lithium has signed a two-year grid connection agreement with Power and Water Corporation, in the Northern Territory, connecting its Finniss project to the power grid and securing sufficient electricity for the project.

The grid connection opens the opportunity for the company to access lower-cost, lower-emission renewable- and gas-generated power for the project.

Construction of the project is expected to start before the end of 2021.

Key Contracts, Suppliers and Consultants
Primero, Qube and Lucas TCS (key contractors).

Contact Details for Project Information
Core Lithium, tel +61 8 8317 1700 or email info@corelithium.com.au.