Core Lithium Awards $274M Contract for BP33 Underground Development
Core Lithium has signed a $274 million contract with Dev Mining Services to develop the BP33 deposit at the Finniss Lithium Operation. This project is critical for achieving enhanced cost efficiency and ore supply over the first decade of operations.
Theia Market Signal Identification - AI Assisted
Core Lithium has awarded a $274 million underground mining contract to Dev Mining Services for the BP33 deposit in the Northern Territory. The contract spans an initial three-year term with a possible two-year extension, with operations set to begin in July.
BP33 is projected to be the primary ore source for the first ten years, supporting cost efficiency and economic improvements. Additionally, the development will occur concurrently with production at the Grants open pit, facilitating a phased ramp-up and early cash flow generation. Core aims for first spodumene concentrate production by December 2026, with BP33's initial ore expected in mid-2027 and full production by mid-2028.
Comments