Expansions, restart studies and encouraging drill results have set the scene for a robust 2024–25 financial year (FY25) for Core Lithium.
Restart studies at the Finniss lithium mine in the Northern Territory remain on track, with Core announcing a significant expansion in the BP33 ore reserve, now up to 8.7 million tonnes.
Core is targeting restart completion in the second half of FY25, with Finniss maintained in a state of operational readiness.
Drilling at Shoobridge also uncovered encouraging results, confirming multi-commodity potential.
Core chief executive officer Paul Brown said the team is pleased with the progress made during the September quarter.
“It was an important time for the company, during which we addressed and resolved several key outstanding issues,” Brown said. “Safety remains our top priority, and I am pleased to report that no recordable injuries or environmental incidents occurred during the quarter.
“Our commitment to maintaining a safe and compliant operating environment continues to be central to our approach as we prepare for the future resumption of operations.”
Brown said exploration activities have yielded positive results for the company, with its investment in Charger Metals and Bynoe lithium project in the NT enhancing its land position around Finniss.
“Despite some one-off costs in the quarter, our balance sheet remains robust,” Brown said.
“We will continue prudently managing our resources as we advance our growth strategy. Additionally, we are excited to welcome several seasoned professionals to the Core team, who will play pivotal roles as we progress with the Finniss restart plan.”
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