Quarterly Activities and Cashflow Report 30 September 2017
Adelaide, Oct 31, 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 30 September 2017.
Highlights
Core has established its first JORC 2012 Lithium Resource at the Grants Prospect at the Finniss Lithium Project ("Finniss"), near Darwin in the NT.
Core has recently applied for a Mineral Lease to enable development and mining of the ore body at Grants.
A number of Environmental, Engineering and Economic Studies were initiated and continued by Core during the reporting period to facilitate development approval and project feasibility of the Grants Lithium Deposit as a potential Mining Project.
To support the development of Grants, Core has a Heads of Agreement with Darwin Port to export up to one million tonnes per annum of ore from East Arm Wharf. During the reporting period, Core also made a strategic share placement and signed a framework agreement to negotiate a DSO offtake agreement with leading Chinese lithium producer Sichuan Yahua Industrial Group Co. Ltd.
During the reporting period, Core entered into an agreement to acquire the Bynoe Lithium Project directly adjacent to Core's Finniss Lithium Project.
Core had a strong cash position of approximately $7.0 million to further its project objectives at the end of the period.
To view the full report, please visit:
http://abnnewswire.net/lnk/VLY6015L
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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