Join our daily newsletter At The Bell to receive exclusive market insights
- Core Lithium (CXO) has produced battery-grade lithium hydroxide monohydrate from its Finniss Lithium Project in the Northern Territory
- The Australian Nuclear Science and Technology Organisation, a leading public researcher, took a spodumene mineral concentrate sample from the Finniss project and used a direct conversion approach
- Pleasingly, the test successfully extracted lithium at a grade of over 95 per cent across two separate tests
- This work confirms that Core’s Finniss project can produce a battery-grade lithium product for the global renewable energy and electric vehicle markets
- Core is now completing a definitive feasibility study and finalising offtake negotiation deals ahead of reaching a final investment decision later this year
- Core Lithium is up 4.44 per cent with shares trading at 23.5 cents
Core Lithium (CXO) has produced lithium hydroxide monohydrate from a spodumene mineral concentrate sample taken from the Finniss Lithium Project.
The Finniss Lithium Project is located in the Northern Territory and is expected to be at the forefront of producing lithium for the global renewable energy and electric vehicle (EV) markets.
The Australian Nuclear Science and Technology Organisation (ANSTO) completed the test work. ANSTO is a leading Australian public research organisation whose minerals business has extensive experience with lithium processing.
This test work showed the conventional direct flowsheet can be used to process a mineral concentrate to produce battery grade lithium hydroxide monohydrate.
Specifically, the test successfully extracted over 95 per cent of lithium on two-kilogram samples of blended concentrate in two separate tests.
“Today’s announcement confirms that battery grade lithium hydroxide suitable for high-end uses in the lithium battery, renewable energy and EV industries, can be produced from Core’s excellent quality lithium concentrate produced from the Finniss Project,” Managing Director Stephen Biggins said.
Producing a battery-grade product gives the company and its customers confidence in the value of the project and its importance in strengthening Australia’s position in the global lithium battery supply chain.
The company is focussed on completing a definitive feasibility study for the Finniss Lithium Project and finalising offtake negotiation deals ahead of reaching a final investment decision in the September quarter.
Core Lithium is up 4.44 per cent with shares trading at 23.5 cents at 10:03 am AEST.
