# Core Lithium has restarted mining at its Finniss project, nearly 90 kilometres south of Darwin.

*business · news · 2026-05-20 · Australian Broadcasting Corporation*

## Key points

- Core Lithium has restarted mining at Finniss after closing in 2024 due to price crashes.
- The restart is funded by a $170 million package, $120 million equity raise, and $41 million cash reserves.
- A $274 million contract with Develop Global will enable underground mining to begin within months.
- The open pit operation will run for about 12 months, employing up to 300 people at full capacity.
- Core faces logistical challenges due to rain-damaged Cox Peninsula Road, key to transporting lithium.

**Companies:** Core Lithium, Develop Global
**Countries:** Australia

[Read the full story on Australian Broadcasting Corporation](https://www.abc.net.au/news/2026-05-20/core-lithium-restarts-darwin-mine/106700190)

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