New Appointments Add to Lithium Skills and Expertise
Sydney, April 26, 2016 AEST (ABN Newswire) - Core Exploration Ltd (
ASX:CXO) is pleased to announce key appointments it has made to add to its skills and expertise as the Company focusses on its Lithium Projects in the Northern Territory.
Highlights:
- Core has made key appointments to add to its skills and expertise as it focusses on its lithium exploration projects in the NT
- Lithium experts and mining consultants CSA Global retained by Core
- Dr David Rawlings appointed as Exploration Manager to add to its expertise in the NT
- Initial fieldwork underway at the Finniss Lithium Project - Results expected to be received throughout May and June.
- Exploration on the Anningie Lithium Project to commence in coming weeks
In line with its new focus on lithium in the NT, Core has recruited NT expert geologist Dr David Rawlings (BSc(hons), PhD) to the team as Exploration Manager. Dr Rawlings has a wealth of expertise in northern and central Australia in a range of commodities throughout a broad exploration career in brownfields and greenfields settings.
To support and supplement the Company's in house skills, Core has also retained the services of CSA Global. CSA Global has a team of highly experienced consultants with substantial experience in the field of industrial minerals exploration, including lithium minerals. CSA Global's consultants bring both practical field skills and theoretical understanding of the exploration and evaluation of lithium-hosting pegmatites, based on work in Australia (including significant experience within Sons of Gwalia), Africa, Europe and North America. CSA has experience in all stages of the mining cycle from project generation to production.
Funds from the recent placement are being used to accelerate the lithium evaluation of its NT tenements, where the Company is initially focusing its attention on the Finniss Lithium Project in the Bynoe Pegmatite Field.
The Finniss Lithium Project encompasses a large landholding in the Bynoe Tin Tantalum-Pegmatite Field. The Bynoe field is one of the most prospective areas for lithium in the NT and has many similarities to Greenbushes in WA, one of the world's largest spodumene deposits.
The success of the Placement will allow for fieldwork to be expanded across both the Finniss the Anningie Lithium projects in parallel (Figure 2), with the objective of selecting drill targets for the maiden drill program scheduled to commence in Q3 2016.
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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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