Issue of Placement Shares
Adelaide, April 24, 2018 AEST (ABN Newswire) - Core Exploration Limited (
ASX:CXO) is pleased to announce that it is issuing 95,283,970 fully paid ordinary shares as announced on 16 April 2018. The Company will issue the Shares to sophisticated, professional and institutional investors under a share placement raising $5,050,050 (before costs).
To view the release, please visit:
http://abnnewswire.net/lnk/J792BR03
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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