Core Lithium Ltd (ASX:CXO) has shipped its first direct shipping ore (DSO) lithium load from Darwin Port, marking a major step forward in the growth of the company and the Northern Territory’s renewable and critical minerals industry.
Northern Territory Chief Minister Natasha Fyles and Deputy Chief Minister and Minister for Mining and Industry Nicole Manison joined CXO's operations manager Michael Rukuita to witness the loading process on December 30.
“This a major milestone not only for Core Lithium but for the renewable and critical minerals industry,” Chief Minister Natasha Fyles said.
“Today’s achievement is proof the Northern Territory is the place to be when it comes to opportunities for a greener future and a stronger economy.”
15,000 tonnes shipped in first load
“Today’s milestone is a testament to the Northern Territory’s world-class logistics chains and infrastructure networks, with a port that is the gateway to Asia,” Minister for Mining and Industry Nicole Manison said.
“And the best part is it’s happening right here in the Northern Territory, meaning local workers, local suppliers and contractors will all benefit financially.”
Loading of DSO commences at Darwin Port.
Core Lithium shipped 15,000 dry metric tonnes (DMT) of 1.4% lithium DSO, at a price of US$951 per DMT, tendered on a digital exchange platform and headed for Fangcheng, China.
“The first DSO shipment being loaded for export from the Darwin Port is another significant milestone for the company,” Core Lithium CEO Gareth Manderson said.
“Core has made good progress during 2022 to transition from a mine developer to lithium producer. In 2023 we will continue this transition and the work required to build a quality operating business.”