Sale of Spodumene Concentrate Stockpile

Core Lithium's Managing Director, Paul Brown, commented:

“The strategic sale of the concentrate stockpile provides important additional funding and market engagement to support our restart strategy, while also remobilising the Finniss logistics chain from the site through to Darwin Port. The sale price reflects the recent strength in the lithium market and is more than 50% higher than the price used in our May 2025 Restart Study.

“Our ~75,000dmt lithium fines stockpile is not included in this agreement and remains available for sale. This material has significant value in the current market and also has the potential to be used as a future funding source.

“The recent inbound interest received for purchasing our stockpiled material reflects the high quality, coarse-grained nature of the Finniss concentrate, which was well received by offtake customers during the first phase of operations. This outcome helps build confidence in achieving an outcome in our strategic funding process, to support a final investment decision and a restart of operations at Finniss.”

Read the full ASX announcement