Core Lithium’s Finniss Lithium Project, has produced “battery grade” lithium The project also has a legally binding Term Sheet agreement with Tesla for four years to supply 110,000 tonnes of lithium spodumene concentrate. The demand for lithium has grown so rapidly the prospect of global shortages have already began to cause panic, leading companies scrambling to shore up supplies.įrom day one of operations, the Darwin mine already had the vast majority of its output secured through binding offtake agreements with China’s Ganfeng Lithium and Sichuan Yahua to supply 75,000 tonnes per annum of lithium concentrate to each company over four years. In April 2021, the ASX-listed Core Lithium announced the Australian Nuclear Science and Technology Organisation (ANSTO) completed test work from a sample of its product from the Finniss site, successfully extracting over 95% of lithium on two kilogram samples of blended concentrate in two separate tests.Īustralia is already the world’s largest lithium supplier, though both governments and industry appear to be putting increasing emphasis on moving beyond our global “quarry” status to establish more battery material processing facilities onshore to capture the full value chain of the expanding industry. It appears to be eyeing project expansion.īy early next year, 2023, Finniss Lithium Project’s concentrator facilities are expected to be operational, producing lithium concentrate that will be of “battery-grade” – a high enough quality to be used in electric vehicles (EVs) and the big batteries increasingly deployed to store renewable energy generated throughout the day. The Bynoe Pegmatite Field in the Northern Territory is “highly prospective.” Core Lithium has been granted tenements – effectively a claim, lease or licence – for massive tracts south of the current project, a total area of 500km2. The project is aiming to produce around 16 million tonnes of lithium-bearing ore over the mine’s 12-year life expectancy, primarily for overseas exports with a focus on Asia. It is Australia’s first lithium mine outside of Western Australia and its opening comes just one year after construction began. ![]() This is certainly true of the Finniss Lithium Project in Darwin, owned by Core Lithium. Today Western Australia supplies the majority of the world’s lithium, but with demand soaring and a new cohesion around positioning Australia to become a global battery materials hub, projects have picked up a new sense of urgency.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |