Core completes strategic acquisition of new lithium project

Map: Core Lithium

Australian lithium developer Core Lithium announced the strategic acquisition of a new lithium project in the Northern Territory, adjacent to the company’s Anningie and Barrow Creek (ABC) Lithium Project.

ABC Lithium Project comprises large-scale lithium rich pegmatite fields and historic tin-tantalum mining districts with established “LCT” granite sources - similar to Core’s Finniss Lithium Project and various WA lithium pegmatite projects.

Core’s Managing Director Stephen Biggins commented: “Core’s recent discussions with a number of large lithium consumers at various levels within the electric vehicle and lithium battery supply chain suggest that world needs to heavily invest in new lithium supply if car manufacturers are going to achieve the EV production and emission goals demanded by consumers and governments in the near future.


“Not only is there strong recognition of Core’s capability to deliver high-quality lithium, at a competitive-cost to the car manufacturing industry, but it can achieve that from a capital efficient, sustainable and transparent sourced near Darwin.


“Core is positioning the Company and the NT to be an important long-term lithium supplier in northern Australia.”