Core Lithium Ltd’s (ASX:CXO) application for an Environmental Impact Assessment (EIA) for the proposed BP33 underground lithium mine is being progressed by the Northern Territory Environment Protection Authority (EPA).
NT EPA has advised Core that the environmental impact assessment for the underground mine within the Finniss project will be via a supplementary environmental report (SER).
The EPA made the decision under newly introduced environmental protection regulations and after making a thorough and extensive study of the company’s Environmental Impact Statement (EIS) of its proposed mine and processing facility.
Strengthening production capabilities
Core’s managing director Stephen Biggins said: “The newly re-elected NT Government is to be congratulated on hitting the ground running and meeting timeframes scheduled in the recently implemented EIA process, as well as setting the standard for diligent and timely future assessment.
“Extending our plans beyond the open pit operations at Grants will only strengthen Core’s production capabilities and enable it to become a long-term and successful contributor to the Northern Territory’s economy.
“We’re serious about extending our lithium production from BP33 because we know the global demand for lithium for electric vehicles and renewable energy storage is there and building. “
Job creating project
Northern Territory chief minister Michael Gunner said: “The Territory Labor Government takes environmental protection seriously – smart environment policy is smart economic policy.
“We are making the Territory Australia’s comeback capital, and this job-creating project can be a key part of that.”
Biggins said: “When you couple the Finniss Lithium Project’s potential with opportunities to plug into efficient energy sources, its proximity to Darwin Port and the quality of the Darwin suburban workforce, it’s going to be one of the most cost-effective and progressive lithium operations in the country.”
Method of assessments
A supplementary environmental report (SER) is the second of four methods of assessment in the Northern Territory’s EIA assessment system.
The SER process of EIA may be selected if the NT EPA is satisfied that the proposed action has the potential to have a significant impact on the environment.
Core Lithium believes that its proposed BP33 underground mine will meet the strict environmental requirements and guidelines set out by the NT EPA.
The company looks forward to preparing the SER in relation to the proposed BP33 underground mine and submitting the SER to the NT EPA.