Mining the Territory Presentation
Adelaide, Aug 17, 2017 AEST (ABN Newswire) - Core Exploration Ltd (
ASX:CXO) provide the "Mining the Territory Presentation" titled "Developing the first Lithium Resource in the NT".
- Core has established the first Lithium Resource in the NT near Darwin
- Grants Lithium Resource one of the highest grade lithium deposits in Australia
- Development supported by arguably the best logistics chain to China of any Australian Lithium Project -HOA with Darwin Port for export
- Met. work produces high quality 6% Li2O spodumene concentrate at +80% recovery
- Preliminary Mining Study shows strongly positive outcomes for Direct Shipping Ore (DSO) at Grants
- Discussions maturing with potential offtake partner/customer
- Core preparing to lodge mining lease application at Grants
- Significant potential to grow Resources : Grants Resource is only one of many lithium rich pegmatites identified within Core's large Finniss Lithium Project in the NT
- Exploration and Further Resource drilling planned in 2017
FINNISS LITHIUM PROJECT:
Advanced Project with Large-Scale Upside
Core's dominant position in the Bynoe pegmatite field at the Finniss Lithium Project includes:
- One of Australia's Highest Grade Lithium Resources
- Large Area ~400km2of Granted Tenements
- High Grade Spodumene drill intersections at multiple prospects
- Mt Finniss Mine -the largest pegmatite mine in the NT
- 25 other historic smaller pegmatite mines
- Other additional new large pegmatite targets
- Easy trucking distance by sealed road to Port Darwin
CXO FIRST LITHIUM RESOURCE IN THE NT
Core's 2016 drilling discovered and in 2017 defined maiden Resource -1.8Mt at 1.5% Li2O at Grants
Grants Lithium Resource is one of the highest grade undeveloped lithium deposits in Australia
Preliminary Mining Study shows strongly positive outcomes for potential development of DSO Spodumene Operations based on the modest scale of Grants Resource
High 1% cut-off and flat grade-tonnage curve highlights 1.5% Li2O "sweetspot" for DSO spodumene production
Simple Open Pit Mining
Grants only a short trucking distance by sealed road to Port Darwin
Core preparing Mining Lease Application at Grants
To view the presentation, please visit:
http://abnnewswire.net/lnk/QP939EB6
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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