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COMMERCIAL & INDUSTRIAL

Mineral lease granted for new lithium mine

The Territory Government has granted a mineral lease for a new lithium mine that has the capacity to create up to 150 jobs during construction and 90 during operation.

The project, located around 36km from Berry Springs and 90km from Darwin by road, is being developed by Lithium Developments (Grants NT) Pty Ltd, of Core Lithium Ltd.

Lithium is a vital ingredient in lithium-ion battery technology, used in electric vehicles and energy storage, and the present boom in demand for the resource is expected to continue.

No chemicals are required to turn lithium ore into concentrate, which will be processed at the site then shipped by road to Darwin Port for export.

Source: NT Government

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