NT Lithium Projects Presentation
Adelaide, April 5, 2016 AEST (ABN Newswire) - Core Exploration Ltd (
ASX:CXO) are pleased to provide the latest Company Presentation regarding is NT lithium projects.
Lithium Demand
The price of lithium has surged on the back of growing global demand for high-tech devices, storage batteries and electric cars.
Both those commodities (lithium carbonate and lithium hydroxide) have had a very significant price rise since late in 2015.
WHY INVEST IN CXO:
- Largest tin tantalum pegmatite mine in the NT and strong tenement portfolio of lithium-rich pegmatites
- Lithium : surging demand and tight supply
- CXO's EV of ~$7M is currently multiples below peer ASX lithium explorer valuations (refer slide 7)
- CXO's Finniss Lithium Project includes the largest tin tantalum mine in the NT that has similar history to Greenbushes and high potential for lithium grades
- Core has moved early to build dominant positions in multiple pegmatite NT fields
- Core sufficiently funded for active field evaluation and sampling of prospective pegmatite mines that is currently underway
- Lithium assays and continued news flow over coming months to confirm and build potential of Core's substantial position in the NT
To view complete presentation, please visit:
http://abnnewswire.net/lnk/EPD847N3
About Core Lithium Ltd
Core Lithium Ltd (ASX:CXO) is an emerging lithium producer focused on development of its Finniss Project near Darwin in the Northern Territory. Core owns 100% of Finniss, a major developing project that lies close to existing infrastructure such as the Darwin Port, grid power, gas and rail infrastructure.
The Finniss Project covers a 500km2 tenement holding and 25 historic pegmatite mines. The project area is about 80km from Darwin Port. Exploration work has generated a near term development timeline, with feasibility studies to be completed over the course of 2018 ahead of receipt of approvals in early 2019 and planned first production during 2019.
An aggressive exploration program is under way, which has confirmed the high quality prospectivity across much of the Finniss Project area. Core's stated ambition is to upgrade Finniss' resource base to fast-track commercialisation options.
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