Quarterly Activities Report
Adelaide, April 29, 2016 AEST (ABN Newswire) - The Board of Core Exploration Ltd (
ASX:CXO) is pleased to present its Quarterly activities report for the Period ended 31 March 2016.
Core has built a dominant position over lithium rich pegmatite fields of the Northern Territory ("NT") during the reporting period.
Building on Core's skills and experience in the NT, Core moved early to secure the NT's largest historically producing tin tantalum mine and also acquired the rights to 25 smaller pegmatite mines within the Finniss Lithium Project.
In the large Arunta Pegmatite Province, Core has tenement applications covering over 2,500 square kilometres around the Anningie and Barrow Creek tin tantalum pegmatite fields that are highly prospective for lithium.
Field evaluation and assessment of numerous historically producing pegmatite mines are underway with results expected during the current quarter.
Core has a current cash position of $2.9M.
To view the complete report, please visit:
http://abnnewswire.net/lnk/3DE39374
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.
| ||
|
