Core Lithium Ltd has begun the early works program and detailed feasibility study at the BP33 Underground Project.
BP33 is Core Lihtium’s second proposed mine at its Finniss Lithium Operation in the Northern Territory.
The early works program involves excavation and construction of a covered box cut, which will serve as a structurally stable gateway for developing the decline to the BP33 orebody and surface works such as water management facilities and associated infrastructure.
Core Lithium Chief Executive Gareth Manderson said the Grants mine has seen the company get into production as a lithium miner. Manderson noted the larger BP33 deposit could potentially be Core Lithium’s cornerstone asset.
“Commencing these $45-50 million of early site works to establish the box cut allows the Company to work at pace and stay on the critical path for developing the BP33 underground mine while updating the feasibility study in parallel,” he stated.
Northern Territory-based contractor Northern Australia Civil (NAC) is finishing the early works contract.
According to Core Lithium, the revised feasibility study is in the works. The detailed study will integrate the much larger BP33 Mineral Resource released in April 2023, along with the pit and plant operating experience and learnings, and additional mining, metallurgical, and geotechnical studies.
“This approach will allow the Company to be in the best position to move forward quickly should a final positive investment decision be received,” Manderson added.
Following the completion of the early works program and feasibility study, a final investment decision for BP33 is expected in the first quarter of CY 2024.
