- Core Lithium (CXO) receives environmental approval from the Northern Territory government for its BP33 underground mine, located within its Finnis lithium project
- The company says this approval completes the environmental impact assessment process for BP33
- Core will now submit a mine management plan to the Department of Industry, Tourism and Trade for assessment
- BP33 is the second mine approved at Finniss following the start of mining at Grants open pit late last year
- Core shares are up 1.9 per cent, trading at $1.35 at 10:08am AEST
Core Lithium (CXO) has received environmental approval from the Northern Territory government for its BP33 underground mine.
The company said this approval completes the environmental impact assessment process for BP33 and paves the way to submit a mining management plan to the Department of Industry, Tourism & Trade for assessment.
BP33 is the second mine approved at Core’s Finniss lithium project, following the start of mining at the Grants open pit late last year.
The company said mining activities at Finniss are on schedule, with the first ore shipment expected at the end of 2022.
“The grant of environmental approval for the BP33 Underground Mine is another
exciting milestone achieved by Core in the development of the Finniss lithium
project,” Managing Director Stephen Biggins said.
“BP33 is a higher-grade orebody than Grants with recent deep drilling supporting the interpretation that BP33 mineralisation is improving with depth.”
Northern Territory Minister for Renewables and Energy and Environment Eva Lawler said the approval follows a thorough assessment of potentially significant environmental impacts and is the first to be granted for a mine.
“We will continue to work with Core Lithium on this project to ensure the best
outcomes,” she said.
On the market, Core shares were trading 1.9 per cent higher at $1.35 at 10:08am AEDT.