Lithium miner Core Lithium has marked its first full-year profit since the start of production at its Finniss lithium project, in the Northern Territory, in March this year. The ASX-listed company on Friday reported a maiden revenue of A$50.6-million and an earnings before interest, tax, depreciation and amortisation of A$14-million, marking a net profit after tax of A$10.8-million and an operating cash flow of A$90.8-million.
PERTH – Lithium miner Core Lithium has marked its first full-year profit since the start of production at its Finniss lithium project, in the Northern Territory, in March this year.
The company has undertaken process optimisation trials to improve recoveries and has initiated a sale of lithium fines product to customers. Manderson told shareholders that the company’s balance sheet and the strategic capital allocation for operations improvement, development, and exploration programs would provide the foundations for the company to realise its growth ambitions in the financial year ahead.
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