Quarterly Activities and Cashflow Report 31 March 2017
Adelaide, April 28, 2017 AEST (ABN Newswire) - The Board of Core Exploration Ltd (
ASX:CXO) ("Core" or "Company") is pleased to present its Quarterly activities report for the Period ended 31 March 2017.
Highlights
High-grade spodumene intersections in Core's RC and diamond drilling programs reported during the period at the Finniss Lithium Project ("Finniss") in the Northern Territory have confirmed Finniss, as a major new discovery of high-grade lithium.
Finniss includes the highest-grade lithium drill intersections, the largest historic pegmatite mine and at least another 25 recorded pegmatite mines in the Northern Territory.
Core holds the largest lithium tenure position in the NT. Core's 100%-owned granted tenure at Finniss has expanded 250% and now exceeds 400 square kilometres.
Initial metallurgical test work demonstrates the Grants Prospect at the Finniss Lithium Project can produce a high quality 6% spodumene at recoveries of 80% or higher.
A non-binding HOA was signed during the reporting period with Darwin Port to enable Core's potential future use of the nearby East Arm Wharf to export lithium products from Finniss.
Core had a strong cash position of approximately $7.1 million to further its project objectives at end of the period.
To view the full report, please visit:
http://abnnewswire.net/lnk/N6Z0PWSO
About Core Lithium Ltd
Core Lithium Ltd (ASX:CXO) is an Australian hard-rock lithium company that owns the Finniss Lithium Operation on the Cox Peninsula, south-west and 88km by sealed road from the Darwin Port, Northern Territory. Core's vision is to generate sustained shareholder value from critical minerals exploration and mining projects underpinned by strong environmental, safety and social standards.
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