Core Lithium (ASX:CXO) updated shareholders of the progress it has made at the Finniss Lithium Project in the Northern Territory over the past year. With the Definitive Feasibility Study highlighting a robust project with strong margins, the Company is progressing with final approvals and financing for the Project.
Australia’s Next Lithium Producer
Core positioned to be Australia’s next Lithium Producer, developing one of Australia’s most capital efficient and lowcost lithium projects
-
World demand for lithium batteries and Electric Vehicles continues to grow YoY
-
Core’s Finniss Lithium Project meets the lithium and EV markets needs because of :
-
Lower Capex US$51M
-
Lower Transport and Operating Cost C1 Cash Opex US$300/t
-
High Revenue approx. ($US110,000,000)*
-
Producing 175,000tpa of High Quality / Lower Iron Lithium Concentrate
-
Low Technical Risk
-
Sustainable and Responsible Sourcing
-
Higher Margin and Quicker Payback
-
-
Reflects Core strengths of high-grade resources close to Australia’s nearest port to Asia
-
New producers have experienced high operating costs and have cancelled and delayed expansion plans – supply deficit is coming
-
Construction ready in 2020.
-
CXO’s current $25M EV offers huge upside for a near construction ready project
* Steady state annual revenue based on nameplate production