South Australian headquartered Core Lithium says it is on its way to becoming the first lithium producer in the Northern Territory.
Lithium is a key material in the production of batteries for electric vehicles and renewable energy storage applications such as solar batteries.
Australia has significant lithium deposits, with most of the mining activity occurring in Western Australia to date. That could soon change, with Core Lithium announcing it had received an offer from the Northern Territory’s government for the NT’s first-ever lithium mineral lease. It covers the Grants Deposit and would run for a term of 20 years.