Core’s NT Lithium Project includes the Mount Finniss Tin Tantalum Mine – the largest historically producing tin and tantalum pegmatite mine in the NT, and a further 25 historic tin tantalum pegmatite mines in the lithium rich Bynoe pegmatite field.
Core’s Finniss Lithium Project encompasses a large landholding in the Bynoe Tin Tantalum-Pegmatite Field.
The Bynoe field is one of the most prospective areas for lithium in the NT and has many similarities to Greenbushes in WA, one of the world’s largest spodumene deposits.
As with Greenbushes, before economic lithium was recognised, Bynoe also has a 100 year history of tin and tantalum production.
Core’s project area covers over 200km2 and 25 historic pegmatite mines including the Bynoe pegmatite field and the Mount Finniss Tin Tantalum Mine – the largest historically producing tin and tantalum pegmatite mine in NT.
The strong endowment of tin and tantalum in pegmatites at the Mount Finniss Mine and surrounding area suggest excellent potential for lithium mineralisation.
The majority of the known deposits and associated pegmatites were discovered by prospectors in the early 1900’s or during an extensive exploration phase for tin and tantalum by Greenbushes Ltd in the 1980’s. Very little exploration has been undertaken since the work done by Greenbushes some 30 years ago.
The Bynoe region has substantial infrastructure advantages being close to sealed road, grid power, gas and rail infrastructure and within easy trucking distance to Darwin Port - Australia’s nearest port to Asia.