Lithium developer Core Lithium has inked a non-binding memorandum of understanding (MoU) with potential offtake partner Xinfeng for between 20 000 t/y and 30 000 t/y of offtake from the Finniss lithium project, in the Northern Territory.
Core said on Wednesday that the term-sheet with Xinfeng paved the way for a binding offtake agreement, and also held the potential for project finance, subject to due diligence by Xinfeng and a final investment decision on the Finniss project.