- Lithium developer Core Lithium (CXO) has received the tick of approval from the Northern Territory Environment Protection Authority to extend the mine life at the Grants Lithium Project to seven years
- Grants is located within the Finniss Lithium Project which is situated in the Northern Territory
- The approval is for the Grants open-pit mine and the proposed one million tonnes per annum Dense Media Separation (DMS) process plant
- Core is aiming to have the Finniss Project construction-ready in 2020 and it will be the first lithium mine in the Northern Territory
- On market close, Core remains steady and is trading for 4.5 cents per share
Lithium developer Core Lithium (CXO) has received approvals to extend the mine life of the Grants Lithium Project to seven years.
An Environmental Impact Assessment (EIA) was approved for the Finniss Lithium Project processing facility. The green tick came from the Northern Territory Environment Protection Authority (NTEPA).
Grants is located within the Finniss Lithium Project which is situated in the Northern Territory.
The NTEPA believes that Grants addresses the potentially significant environmental impacts and therefore a Public Environmental Report or Environmental Impact Statement is not required.
The approval is for the Grants open-pit mine and the proposed one million tonnes per annum Dense Media Separation (DMS) process plant. The grant is for seven years as long as the environmental impact isn’t significantly changed.
“We have taken another significant step forward as we advance the first lithium
project in the NT towards development,” Managing Director Stephen Biggins said.
“This outcome reflects the alignment of goals between NT Government and Core –
for the Territory to become an environmentally sustainable, high-quality supplier of lithium to the growing global electric vehicle and renewable energy storage market and to play a critical role in supporting the world’s response to reducing emissions and managing climate change risk,” he added.
Core is aiming to have the Finnis Project construction-ready in 2020 ahead of sourcing debt and equity.
On market close, Core remains steady and is trading for 4.5 cents per share.