Australian lithium developer Core Lithium has signed a mining services agreement with Lucas Total Contract Solutions for the provision of open pit mining and associated services at its wholly-owned Finniss lithium project, located near Darwin in the Northern Territory.
Core said the scope of work covers the construction and mining of the Grants Open pit mine – the first mine that will be developed at the Finniss Lithium Project – including clear and grub, topsoil management, pads, roads, dumps, dams, bunds and water controls and open pit mining.
Core Lithium’s Managing Director Stephen Biggins said the award of the mining contract will enable company to achieve the major milestone of commencing construction at the project before the end of 2021.
“We are pleased to progress Lucas from preferred contractor status to our inaugural mining contractor, representing a major step forward for Core as it moves towards first construction at the Finniss Lithium Project this year,” Mr Biggins said.
“With recent spodumene spot sales above US$2,000/t, Core is the only Australia-focused, ASX-listed company forecast to join the ranks of new spodumene producers between now and the end of 2022 in a position to take advantage of these high prices.
“Advanced discussions with such a high-calibre and respected team such as Lucas with proven lithium mining experience has facilitated this step and we are looking forward to partnering with this key services provider to deliver Australia’s next significant new lithium mine.”
Core is fully financed, has construction and operation approvals already in place and on-track to commence construction at the Finniss project before the end of 2021, with a Final Investment Decision (FID) expected in the coming week.