- Core Lithium (CXO) contracts Primero to operate and maintain a Dense Media Separation plant at the Finniss lithium project in the Northern Territory
- By awarding the five-year contract to the NRW subsidiary, Core extends its relationship with the company beyond an Engineering, Procurement and Construction (EPC) contract
- Today’s contract also covers related Tailing Storage Facilities (TSF) infrastructure at the project and has an estimated value of $60 million over the five years
- Project execution is anticipated to start immediately, as Primero has most of its key personnel on hand for deployment into the contract
- Core shares are down 1.09 per cent to $1.14 at 10:58 am AEDT
Core Lithium (CXO) has contracted Primero to operate and maintain a Dense Media Separation plant at the Finniss lithium project in the Northern Territory.
By awarding the five-year contract to the subsidiary of ASX-listed NRW (NWH), Core has extended its relationship with the company beyond a current Engineering, Procurement and Construction (EPC) contract
The new contract covers the DMS processing facilities as well as related Tailing Storage Facilities (TSF) infrastructure at the project and has an estimated value of $60 million over the five-year term.
Project execution is anticipated to start immediately, as Primero has most of its key personnel on hand for deployment into the contract.
Core said it expected all remaining recruitment and operational readiness activities to be completed by December, ready for first spodumene concentrate production in the new year.
Core’s CEO, Gareth Manderson, said Primero was building the DMS facility and now backing its workmanship through the new contract.
Core shares were down 1.09 per cent to $1.14 at 10:58 am AEDT.