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Core Lithium Output Drops 18% as Finniss Ramps Down
Spodumene output fell 18% to 22,414 tonnes as the Finniss mine shifts to lower-grade stockpiles. Cash burn continues with no formal FY2027 guidance yet.
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Core Lithium's June-quarter spodumene output fell 18% from the prior quarter to 22,414 dry metric tonnes, the company said Monday. The decline reflects the planned ramp-down at the Finniss operation in Australia's Northern Territory, where mining has shifted to lower-grade stockpiles ahead of a potential suspension.
Revenue for the quarter came in at A$27.3 million, down from A$33.1 million in the March quarter, as shipments slipped 11% to 23,967 dry metric tonnes. The average realised price for spodumene concentrate was $1,135 per tonne, roughly flat with the prior period.
Cash and equivalents stood at A$88.6 million at June 30, down from A$101.2 million three months earlier. The company said it spent A$12.5 million on sustaining capital and mine-site care and maintenance during the quarter.