Core Awards BP33 Underground Mining Contract at Finniss

Commenting on the contract award, Core's Managing Director Paul Brown said:

“The award of the BP33 underground mining contract is a major milestone in the development of Finniss and a strong endorsement of the quality of the project. BP33 is expected to deliver the majority of ore feed over the first 10 years of operation and is a key driver of Finniss' significantly improved cost profile and economics.

“Considerable progress has been made since the Final Investment Decision and funding package for Finniss were announced in mid-March, with activity advancing at Grants, sales completed from our concentrate and fines stockpiles, and the reactivation of our logistics chains. This progress demonstrates Core’s commitment to disciplined and efficient execution of the staged plan for Finniss, which is designed to reduce risk and capital requirements while delivering early cash flow.

“We remain on schedule, with first spodumene concentrate targeted for the December quarter 2026, BP33 first ore expected in mid-2027 and ramp up to nameplate production by mid-2028.”

Read the full ASX announcement