Finniss offtake for Xinfeng

LITHIUM developer Core Lithium has signed a non-binding memorandum of understanding with Chinese supplier Xinfeng for 20,000-30,000 tonnes per annum of offtake for three years from the Finniss lithium project near Darwin in the Northern Territory.

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With offtake deals sewn up with Yahua for 75,000tpa and Transamine Trading for 50,000tpa, Core has sold about 85% of Finniss' production capacity, of 175,000tpa.