Core Lithium Ltd. announced a Final Investment Decision (FID) to commence development of the company's wholly owned Finniss Lithium Project, located near Darwin in the Northern Territory. The company is committed to delivering one of the most capital efficient and cost competitive lithium projects in Australia. FID marks a milestone for both Core and the Northern Territory - Finniss is the first ever lithium mine in the Northern Territory and the first new significant mine in more than a decade. FID follows award over the past week of the Finniss mining services contract to Lucas Total Contract Solutions and the process plant EPC contract to Primero Group. The company has commenced project execution immediately with mobilization underway. A range of site establishment works will commence during October. Lucas will support site establishment activities in the coming weeks in preparation for the commencement of mining followed by Dense Media Separation (DMS) process plant construction by Primero commencing in March 2022. Commissioning of the DMS plant and the first production of lithium concentrate are scheduled for fourth quarter 2022. The construction-ready Finniss Project lies within 25 km of port, power station, gas, rail and one hour by sealed road to workforce accommodated in Darwin and, importantly, to Darwin Port - Australia's nearest port to Asia.