business / news / / Australian Broadcasting Corporation
Core Lithium has restarted mining at its Finniss project, nearly 90 kilometres south of Darwin.
Core Lithium has restarted mining at Finniss after closing in 2024 due to price crashes.
KEY POINTS
- 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
Summarized by Newsio from Australian Broadcasting Corporation. How we summarize →