Australian lithium miner Core Lithium (ASX: CXO) has provided the following business update.
The Honourable Natasha Fyles, Chief Minister of the Northern Territory, and the Honourable Nicole Manison, Deputy Chief Minister and Minister for Mining & Industry, joined Michael Rukuita, Finniss Operations mine manager, at the Darwin Port today to witness loading of the first export shipment of product from the Finniss mine.
This first shipment of 15,000dmt of 1.4% Li2O direct shipping ore (DSO), as announced on October 3, was successfully tendered using a digital exchange platform achieving a price of US$951/dmt. Once loading is complete, the Rossana ship with depart Darwin to deliver its 15,000dmt cargo to Fangcheng, China.
Chief Minister the Honourable Natasha Fyles said:
“This a major milestone not only for Core Lithium, but for the renewable and critical minerals industry.
“Today’s achievement is proof the Northern Territory is the place to be when it comes to opportunities for a greener future and a stronger economy.”
The Minister for Mining and Industry the Honourable Nicole Manison added:
“Today’s milestone is a testament to the Northern Territory’s world-class logistics chains and infrastructure networks, with a port that is the gateway to Asia.
“And the best part is it’s happening right here in the Northern Territory, meaning local workers, local suppliers and contractors will all benefit financially.”
Commenting on the loading of the first DSO shipment, Core Lithium CEO Gareth Manderson said:
“The first DSO shipment being loaded for export from the Darwin Port is another significant milestone for the company.
“Core has made good progress during 2022 to transition from a mine developer to lithium producer. In 2023 we will continue this transition and the work required to build a quality operating business.”