Main equipment installations currently underway at Keliber lithium
Sibanye Stillwater reports that Construction of the Keliber lithium refinery in Kokkola is at an advanced stage, with main equipment installations currently underway. The second phase of the Keliber lithium project, involving the construction of the concentrator and development of the open pit mine, is progressing as planned after commencing in late 2023.
Key developments during Q3 2024
- Engineering and procurement contracts are nearing completion
- Green loan package of 500 million announced on 22 August 2024, completing the full project financing requirement for the Keliber Lithium project
- During Q3 2024, 13 drill holes (56 YTD) were completed, covering 2,295 meters (10,526 meters YTD) at major exploration targets. Several significant intercepts were reported. The seasonal regional exploration, which included boulder mapping and till sampling, concluded by the end of August 2024. Several new exploration permits were received from the authorities
- Capital expenditure for Q3 2024 was 85 million, bringing the year-to-date total to 218 million.
