Core Lithium awards contract for Finniss project [Yahoo! Finance]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Yahoo! Finance
Mobilisation is expected to begin immediately, with mining and ore production scheduled for May 2026. The Finniss Lithium Project is situated roughly 23km south of Darwin and 33km west of Berry Springs. The tenement covers an area of more than 500km². The contract covers all essential activities for delivering material to the Grants run of mine according to a standard rate schedule. It marks a significant step in restarting operations at Finniss following the company's recent approval of its final investment decision. This initiative integrates Grants' open-pit mining with the Finniss mine plan, facilitating rapid production at reduced initial capital expenditure. Approximately 784,000t of ore is accessible under the optimised Grants Pit design, which is expected to yield around 134,000t of 5% spodumene concentrate (SC5). Along with these developments, BP33 underground box cut and civil infrastructure activities have started. These projects create a structured pathway f
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