Core Lithium (CXO) is granted $6 million under the Federal Government’s modern manufacturing initiative
Thefunds will go towards building a pilot processing facility, which will produce battery-grade lithium hydroxide at Darwin Harbour’s Middle Arm Industrial Precinct
Core says it’s on track to begin construction of the facility before the end of the year, with a scoping study currently underway
The study will be followed up with a feasibility study, which will be supported by the grant
The grant follows the Federal Government’s stamp of approval of major project status for the Finniss Project.
The company was up 6.12 per cent, trading at 26 cents at 12:55 pm AEST
