In a significant boost for the NT economy and prospects for local jobs, the Territory Labor Government has granted final approval to Core Lithium Ltd to commence development of its new lithium mine in the Top End.
The Finniss Lithium Project is a proposed open cut lithium mine located along the Cox Peninsula Road, approximately 35km west of Berry Springs.
It is the first ever lithium mine to be approved outside of Western Australia, and is the first new mine of significant scale to be approved in the NT since 2013.
The project estimates approximately two million tonnes of lithium-bearing ore will be mined over the predicted three to four year life of the mine, and will provide around 200 jobs to local Territorians. With the mine only an hour’s drive from Darwin and 35km from Berry Springs, the entire workforce will drive to and from the site each day and no camp will be required.
Lithium is considered a critical mineral that is strategic to the global economy, particularly for new and emerging technologies such as batteries, electric vehicles, mobile phones, high-definition screen displays, solar panels, medical equipment and military technology.
The development of the Finniss Lithium Project has the potential to position the NT as a strategically important jurisdiction for the production, processing and manufacturing of critical minerals to the global market.
