Core Lithium Limited (ASX: CXO) announced that funding was approved for Early Works at BP33, Finniss' Next ProposedMine. An allocation of AU$ 45-50 million has been granted for early works at BP33, the upcoming mine in Finniss, to finalize the construction of a box-cut and establish the initial site infrastructure.
A contractor based in the Northern Territory has been selected to carry out these early works. The project's scope and capital cost estimate will be determined based on the updated Mineral Resource, which was recently announced. The Final Investment Decision for BP33 is anticipated to be made by the end of the first quarter of calendar year 2024.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.