Ann: Finniss Project Development Update, page-34

Just recaping announcement on DMS,
+ DMS plant earthworks nearing completion with handover to
Primero Group expected at the end of the week TO BEGIN CONSTRUCTION.
What is happening next week then...

Core Lithium Ltd (ASX:CXO) has improved metallurgical performance in the final phase of test work on the BP33 deposit within the Finniss Lithium Project near Darwin in the Northern Territory.

Dense media separation (DMS) test work on spodumene pegmatite has shown that a 6.0% lithium oxide concentrate can be produced at an overall lithium recovery of 71% at a coarse 6.3-millimetre crush size.

A definitive feasibility study (DFS), released in April 2019, was based on the production of a 5.5% Li2O concentrate at 72% recovery.

These updated results indicate an improvement in the concentrate grade of 9% for little decrease in recovery.

Notably, iron grade in the combined concentrates was 0.42% iron oxide, well below the recognised maximum of 1%.

In high demand

Core believes that the high-quality, low-iron, coarse Finniss lithium concentrate will be preferred in a lithium battery and EV market focused on demand for exceptional quality materials supplied from ethical and sustainable sources.

Importantly, production of high-quality lithium concentrate by DMS avoids the much higher capital, financing and operating costs associated with flotation processing.
Construction image for DMS

So what happens once finished.
The CONCENTRATE is exported and the CASH flow begins for CXO,
I hope CXO has some pics available soon as to when the construction begins.
The present-day price per tonne is about US4800 but this was a reflection of closed factories in China due to COVID restrictions.
Once normal production occurs anticipate US$5000 upwards when CXO starts exporting in say November-December 2022?