• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Fat Tail Daily

Investment Ideas From the Edge of the Bell Curve

  • Menu
    • Commodities
      • Resources and Mining
      • Copper
      • Gold
      • Iron Ore
      • Lithium
      • Silver
      • Graphite
      • Rare Earths
    • Technology
      • AI
      • Bitcoin
      • Cryptocurrency
      • Energy
      • Financial Technology
      • Bio Technology
    • Market Analysis
      • Latest ASX News
      • Dividend Shares
      • ETFs
      • Stocks and Bonds
    • Macro
      • Australian Economy
      • Central Banks
      • World Markets
    • Small Caps
    • More
      • Investment Guides
      • Premium Research
      • Editors
      • About
      • Contact Us
  • Latest
  • Fat Tail Series
  • About Us
Market Analysis Latest ASX News

Core Lithium Share Price Up as Construction Commences at Finniss (ASX:CXO)

Like 0

By Kiryll Prakapenka, Tuesday, 26 October 2021

Today’s update follows the announcement of a Final Investment Decision (FID) on 30 September 2021. Core Lithium (ASX:CXO) share price was up 3% at time of writing.

The Core Lithium Ltd [ASX:CXO] announced today that construction has started on its 100%-owned Finniss Lithium Project.

Today’s update follows the announcement of a Final Investment Decision (FID) on 30 September 2021.

Core Lithium Ltd [ASX:CXO] share price was up 3% at time of writing.

ASX CXO - Core Lithium Share Price ChartSource: Tradingview.com

The rising interest in lithium as a key material in the looming EV boom has seen ASX lithium stocks like CXO rise in value quickly.

Over the last 12 months, the CXO share price rose 1,100%.

How to Limit Your Risks While Trading Volatile Stocks. Learn more.

Construction commences at Finniss

Finniss is the newest lithium mine in Australia, located in the Northern Territory.

CXO describes Finniss as the only new Australian company set to start lithium production in 2022.

Of course, Australia is already home to established lithium producers like Mineral Resources Ltd [ASX:MIN] and Pilbara Minerals Ltd [ASX:PLS].

Core updated the market today, relaying that site construction and establishment works are now underway in preparation for mining activity later this year.

Road access works, construction of communications, fuel, and water supply infrastructure have also been initiated.

CXO expects first production of lithium concentrate in Q4 2022.

Finniss is fully funded following the successful raising of $150 million from institutional investors and shareholders, including a $34 million placement to Ganfeng coupled with a four-year offtake agreement.

Ganfeng is one of the world’s largest lithium producers by production capacity.

Approximately 80% of Finniss’ initial output is now covered under offtake agreements with Ganfeng and Yahua, a key lithium supplier to Tesla.

What next for CXO?

Core Lithium described Finniss as ‘Australia’s lowest capital intensity lithium project.’

CXO thinks the project’s ‘modest’ project capex and strong cash flows (outlined in the recent DFS), will enable ‘rapid payback from the sale of the first concentrate.’

Core Lithium Managing Director Stephen Biggins today offered his thoughts:

‘At a time when Australia is firmly focused on both the generation of renewable resources and future job prospects for the regions, Core is incredibly proud of this milestone we’ve reached in the Northern Territory today.

‘This next phase of the Company will be transformational, and we are excited to see construction milestones met at Finniss over the coming 12 months, ahead of first production before the end of 2022.’

CXO rounded off its update by flagging its intention to invest in plans to expand production at Finniss.

If you’re looking for more opportunities within the lithium theme, then you need to read our latest report. It’s a detailed overview of what is happening in this extremely exciting sector right now.

Plus, the report profiles three stocks that our team believes could offer investors the best shot at capitalising on this lithium resurgence.

Check out the full report, for free, right here.

Regards,

Kiryll Prakapenka,

For Money Morning

PS: Our publication Money Morning is a fantastic place to start on your investment journey. We talk about the big trends driving the most innovative stocks on the ASX. Learn all about it here

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

Kiryll Prakapenka

Kiryll’s Premium Subscriptions

Publication logo
Fat Tail Investment Research

Latest Articles

  • As Political Dumb-Wits Beat the Drums of War: Keep Commodities Front and Centre
    By James Cooper

    In today’s edition, James Cooper looks at the growing hostilities between Pakistan and India through the lens of the commodity cycle. And why it could matter more than most think.

  • The share market bears have no answer to this…
    By Callum Newman

    I came across a handy bit of info from Wilson Asset Management yesterday. Wilson says that there’s strong demand for Chinese assets despite the recent volatility and trade tensions. Why do we care? There could be profit in this.

  • The method in Trump’s tariff madness
    By Jim Rickards

    Trump is pursuing a twenty-first-century version of what was originally known as the American System. A system that made America great in the first place.

Primary Sidebar

Latest Articles

  • As Political Dumb-Wits Beat the Drums of War: Keep Commodities Front and Centre
  • The share market bears have no answer to this…
  • The method in Trump’s tariff madness
  • The first place to look thanks to the US/China truce
  • The trade war is over. Tax cut chaos is next.

Footer

Fat Tail Daily Logo
YouTube
Facebook
x (formally twitter)
LinkedIn

About

Investment ideas from the edge of the bell curve.

Go beyond conventional investing strategies with unique ideas and actionable opportunities. Our expert editors deliver conviction-led insights to guide your financial journey.

Quick Links

Subscribe

About

FAQ

Terms and Conditions

Financial Services Guide

Privacy Policy

Get in Touch

Contact Us

Email: support@fattail.com.au

Phone: 1300 667 481

All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.

Fat Tail Logo

Fat Tail Daily is brought to you by the team at Fat Tail Investment Research

Copyright © 2025 Fat Tail Daily | ACN: 117 765 009 / ABN: 33 117 765 009 / ASFL: 323 988