Advanced Australian lithium developer Core Lithium has announced that the Federal Government has awarded Major Project Status (MPS) for the company’s wholly owned Finniss Lithium Project, located near Darwin in the Northern Territory.
Core Lithium Managing Director Stephen Biggins said the award of MPS, which carries a three-year period, represents yet another major milestone in the company’s path towards bringing this world-class lithium project into production.
“The award of Major Project Status for our flagship Finniss Lithium Project is another major milestone for both the company and the Federal Government, as we strive to enter the construction phase in 2021, subject to a Final Investment Decision,” Mr Biggins said.
“When in production, the Finniss Lithium Project will be the first Australian lithiumproducing mine outside of Western Australia, with our proximity to Darwin Port – the country’s nearest port to Asia – serving as a direct route for our lithium to be processed and delivered to end users worldwide.
“This opens up a pathway for a critical minerals hub to be established in Northern Australia, along with the potential for significant associated local modern manufacturing opportunities.”
The Finniss Project will develop a mining facility near Darwin Port, which will produce highly sought after lithium and generate more than 360 jobs during construction and more than 250 ongoing jobs during operation.