Australian lithium miner Core Lithium (ASX: CXO) has delivered a shipment of 10,000 tonnes of spodumene concentrate to the Darwin Port, ready for export to foundation customer Ganfeng Lithium, and announced the sale of a 15,000-tonne parcel of lithium fines.
HIGHLIGHTS
- Core’s third spodumene concentrate shipment ready for export
- First 10,000 tonnes delivered into long-term offtake agreement with Ganfeng Lithium
- First parcel of 15,000 tonnes of lithium ‘fines’ product ready for shipment from Darwin Port
Core’s first delivery into long-term offtake agreements – a 10,000-tonne parcel of spodumene concentrate – has been successfully trucked to Darwin Port, ready for shipping to foundation customer Ganfeng Lithium. The product presented well and is within contract specifications with Ganfeng Lithium.
In addition, Core has successfully completed negotiations for the sale of an initial 15,000-tonne parcel of fines from its Finniss operations.
Over 13,000 tonnes of the 15,000-tonne parcel, with a grade averaging 1.2% Li2O, has been trucked to Darwin Port awaiting export in early September. The balance of the fines shipment is expected to be transported to the port within the next few days.
The successful sale of fines, which are generated during crushing and processing of ore through the Dense Media Separation Plant, has established a viable commercial outlet for this material as Core continues with its recovery optimisation initiatives.
Core Lithium CEO Gareth Manderson said:
“Delivering concentrate into long-term offtake agreements is a significant milestone for Core as we ramp up to commercial operations at the Finniss Lithium Operation. The product presents well, with moisture and grade within contractual specifications.
“It is also very pleasing to see the first fines cargo delivered to the Darwin Port ready for shipment into an additional agreement to a valued customer. The sale of lithium fines was identified as an immediate commercial option to address lower recoveries being experienced during ramp-up.
“Work continues on the recovery improvement trials and results have been encouraging. The Company looks forward to updating the market as these trials, and the longer term studies into plant optimisation, progress.
“Delivering first concentrate into long-term offtake agreements, and the sale of first fines are both significant milestones, and I commend the Core team for the work they have done to safely produce and deliver these products.”
