Core Lithium restarts Northern Territory mine as price booms
Core Lithium has restarted mining operations at its Finniss project near Darwin after a two-year closure. The company cites improved operating costs and rising lithium prices, now around $4,200 per tonne, as key factors for the restart. Future plans include developing an underground operation expected to enhance the mine's long-term viability.
- ▪Core Lithium has recommenced mining at its Finniss project, located near Darwin.
- ▪The mine was closed in 2024 due to a crash in lithium prices but has now reopened as prices have surged.
- ▪The company plans to start work on an underground operation, which is expected to be a premier asset for the future.
Opening excerpt (first ~120 words) tap to expand
Core Lithium restarts Northern Territory mine as price booms above $4,000 per tonneBy Tom RobinsonABC RuralTopic:LithiumWed 20 May 2026 at 2:42pmWed 20 May 2026 at 2:42pmWed 20 May 2026 at 2:42pmCore Lithium's Grants deposit processing site near Darwin where mining has restarted after a two-year closure. (Supplied: Core Lithium)In short:Core Lithium has recommenced mining at its Finniss project near Darwin.The mine was closed in 2024 as the lithium price crashed but is now approaching $4,200 a tonne, with the company also saying it has improved operating costs.What's next?Core plans to start work on an underground operation at the site which it says will be the long term "premier asset".abc.net.au/news/core-lithium-restarts-darwin-mine/106700190Link copiedShareShare articleCore Lithium…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).