RIU Conference Presentation
Adelaide, Sep 26, 2017 AEST (ABN Newswire) - Core Exploration Ltd (
ASX:CXO) provide the RIU Conference Presentation with the following key highlights.
- Core has established the first Lithium Resource in the NT near Darwin
- Recent placement to Yahua - one of China's largest lithium producers - and spodumene offtake agreement being negotiated
- Development supported by arguably the best logistics chain to China of any Australian Lithium Project - HOA with Darwin Port for export
- Grants Lithium Resource one of the highest grade lithium deposits in Australia
- Preliminary Mining Study shows strongly positive outcomes for development of 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
- Core recently signed deal with Liontown to acquire 50 adjacent pegmatite prospects with widespread spodumene related lithium mineralisation above 1% Li20 (including 42m @1.0%)
- Core valuation growth to reflect move from Explorer to Developer
To view the presentation, please visit:
http://abnnewswire.net/lnk/JJ411787
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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