logo-loader
viewCore Lithium Ltd

Core Lithium selects preferred lead contractor for Finniss Lithium Project

The company is targeting first production from the project by the end of 2019.

map showing northern territory
The company was granted the NT's first ever lithium mineral lease earlier this week

Core Lithium Ltd (ASX:CXO) has awarded preferred contractor status for three key components of its 100%-owned Finniss Lithium Project located near Darwin in the Northern Territory.

The three contractors are Primero Group, Lucas Total Contract Solutions, and Qube Holdings Ltd (ASX:QUB).

These three contractors are key participants in the development team Core is assembling on the back of being granted the first mining licence earlier this week.

In line with its construction schedule, Core is targeting first production of spodumene concentrate from Finniss by the end of 2019

READ: Core Lithium achieves a major milestone towards production at Finniss Lithium Project

Core’s managing director Stephen Biggins said: “These key contract roles are crucial for the success of the Finniss Lithium Project, so we did not make our decisions on who should be awarded these packages of work lightly.

“We believe we have selected the best contractors for the respective contracts out a field of worthy contractors, and look forward to working with Primero, Lucas TCS and Qube once the contracts have been finalised and the next phases of work at Finniss get underway.

“Final award of these contracts will follow the completion and release of the definitive feasibility study and financing of the Finniss Project, which should see Core on-track for first production at Finniss by the end of the year.”

Contract terms to be finalised

Primero were engaged as the preferred engineering, procurement and construction (EPC) and FEED contractor.

Qube was selected as the preferred provider of haulage and transport solutions for Finniss, whilst Lucas has been selected for the provision of mining services work at Finniss.

Core will work with Primero, Lucas TCS and Qube to finalise contract terms that reflect the most cost-effective and time-efficient solution for Finniss.

Quick facts: Core Lithium Ltd

Price: 0.036 AUD

ASX:CXO
Market: ASX
Market Cap: $28.45 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Core Lithium Ltd named herein, including the promotion by the Company of Core Lithium Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Core Exploration sees strong financials and short payback period for Finniss...

Core Exploration Ltd (ASX:CXO) managing director Stephen Biggins speaks with Proactive Investors about the key Finniss Lithium Project. "Core is developing one of the Australia's highest grade lithium deposits...we've got a project that will deliver high profits, good margins, high...

on 16/7/18

2 min read