CXO 2.15% 9.1¢ core lithium ltd

Ann: Finniss Project Development Update, page-35

  1. 3,032 Posts.
    lightbulb Created with Sketch. 285

    And a very nice article from *.COM.UK Phoebe Shields 17th May 2022
    C
    ore Lithium to accelerate Finniss Project development following arrival of new equipment

    Core staff and contractors have done a great job getting the site ready for CSI and Primero and with the new mining equipment on site we are in a position to significantly ramp up activities at Finniss," says MD Stephen Biggin

    Core Lithium Ltd - Core Lithium moves to accelerate Finniss Lithium Project activities following arrival of new equipment
    Mining at Grants Pit, Stage 1.

    Core Lithium Ltd (ASX:CXO) has made sweeping progress on developing the Finniss Lithium Project in Australia's Northern Territory, having awarded a crushing contract to CSI Mining Services, almost completed the dense media separation (DMS) plant earthworks and secured five new trucks and an excavator, expected to arrive by the end of the month.

    CSI will mobilise to site starting next month, contracted to crush run of mine ore that will then be stockpiled and processed by the DMS plant.

    The DMS plant will be handed over to the Primero Group at the end

    of the week, once earthworks have been completed. The plant will be used to process the crushed ore into spodumene concentrate, ready for export.

    Grants open pit will be the initial source of ore for the DMS plant until the BP33 Underground Mine – among others – can be brought online.

    The additional dump trucks and excavator will enable Core to accelerate this first stage of mining at the Grants pit.

    To “significantly ramp up activities”

    “The grant of the environmental approval for the BP33 Underground Mine and the award of the crushing contract to CSI have been significant achievements for Core, underpinning both an on-schedule construction timeframe and a pathway to expanded production life of the Finniss Project,” Core Lithium managing director Stephen Biggins said.

    “The recent completion of earthworks and handover of part of the site to Primero will allow construction of the DMS plant to commence, which will be a major milestone in itself.

    “Core staff and contractors have done a great job getting the site ready for CSI and Primero and with the new mining equipment on-site we are in a position to significantly ramp up activities at Finniss.

    The recent grant of environmental approval for the BP33 Underground Mine marks the end of the Environmental Impact Assessment process for this component of Finniss.

    Core intends to lodge a mining management plan (MMP) with the Department of Industry, Tourism and Trade for assessment in the coming weeks.

    The company has acknowledged a key focus of work includes water management infrastructure for the Finniss Project to better protect the waterways surrounding the project, including the recent completion of sediment and erosion controls involving the construction of a rock filter dam to improve the quality of water discharged from the sediment basin.

    A brilliant review of the announcement by Phoebe Shields. BIG Thanks from the UK-based ProactiveInvestor again.

    Last edited by ameliustag: 18/05/22
 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
(20min delay)
Last
9.1¢
Change
-0.002(2.15%)
Mkt cap ! $194.4M
Open High Low Value Volume
9.2¢ 9.5¢ 8.9¢ $1.048M 11.44M

Buyers (Bids)

No. Vol. Price($)
5 291805 9.1¢
 

Sellers (Offers)

Price($) Vol. No.
9.2¢ 292171 5
View Market Depth
Last trade - 16.10pm 01/07/2024 (20 minute delay) ?
CXO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.