Twin studies by advanced Australian lithium developer Core Lithium have shown a 159 increase in ore reserves at its wholly-owned Finniss Project(Finniss)-doubling the projected Life of Mine(LOM)through underground mining at its BP33 and Carlton deposits alongside open pit mining at its Grants deposit.Finniss'total ore reserves now stand at 5.7 million tonnes,supporting a seven-year LOM,with the prospect of achieving closer to a 10-year mine life when considering the project's potential resource inventory.Previous studies had confirmed at least three-five years of lithium concentrate extraction from open pit mining at the Grants deposit,situated 25km south of Darwin.The increase was confirmed via an Underground Pre-Feasibility Study conducted in parallel to a Scoping Study,which enabled Core to confidently assess the true project potential and help direct immediate resource conversion and resource extension drilling efforts across its sites.
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