Lithium Plus Minerals has released a scoping study for its Lei lithium project in the Northern Territory, proposing a low-capital direct shipping ore (DSO) operation. The study forecasts a post-tax NPV of A$325 million and an IRR of 75.4%, leveraging proximity to Darwin Port to avoid initial processing plant costs.
Lithium Plus Minerals has announced positive results from a Scoping Study for its Lei Lithium Project, outlining a low-capital Direct Shipping Ore (DSO) operation with a post-tax NPV of A$325 million and an IRR of 75.4%. The study projects a six-year mine life, with initial production underpinned by Indicated Mineral Resources, leveraging existing infrastructure to minimize upfront capital. While preliminary, the study supports progression to a Pre-Feasibility Study and maiden Ore Reserve, with environmental approvals and funding identified as critical next steps.
Core Lithium has reported thick, high-grade lithium intersections at the Blackbeard prospect, highlighted by a 92m @ 1.25% Li2O intercept in hole NMRD104. These results confirm the continuity of high-grade mineralisation and represent the longest downhole intersection recorded at the prospect to date.
Core Lithium reported a productive September quarter, achieving first spodumene concentrate production at its Finniss Lithium Operation and securing full funding for the project through to steady-state production in 2028. Extensional drilling at BP33 returned high-grade lithium intercepts, demonstrating potential beyond the current Mineral Resource. The company also completed the sale of its remaining lithium fines stockpile, contributing A$38.5 million in revenue, and ended the quarter with a strong cash balance of A$200 million.
Lithium Plus Minerals is mobilizing a 10-hole drilling campaign at its Lei lithium project in the Northern Territory. The program includes eight RC holes to test the Secondary Pegmatite for growth and two diamond holes to improve confidence in the Primary Pegmatite resource.
Lithium Plus Minerals is commencing a targeted drilling program at the Lei Lithium Project in the Northern Territory. The program includes eight RC holes to test the Lei Secondary Pegmatite and two diamond holes to improve confidence in the Primary Lei Pegmatite.
Lithium Plus Minerals' Lei project in the Northern Territory features a recently updated mineral resource of 5.2Mt at 1.5% Li2O. Analysts suggest the direct shipping ore (DSO) model offers a low-cost production pathway with significant potential for a market re-rating.
Lithium Plus Minerals has submitted a Supplementary Environmental Report (SER) to the NT EPA for its Lei lithium project, marking a major step in the environmental approval process. The company also holds a 20-year mining lease and is nearing completion of a scoping study for a direct shipping ore (DSO) development.
Core Lithium successfully restarted its Finniss Lithium Operation in FY26, securing a fully funded restart package and commencing mining at Grants and underground development at BP33. The company is on track for its first spodumene concentrate shipment in December CY26, supported by updated Ore Reserve estimates showing a 3% increase in total Finniss Ore Reserves to 15.6Mt @ 1.27% Li2O. Exploration efforts continue, yielding high-grade drill results at BP33 and advancing the Blackbeard prospect towards a maiden Mineral Resource Estimate.
