Quarterly Activities and Cashflow Report 31 December 2017
Adelaide, Jan 25, 2018 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 December 2017.
Highlights
During the reporting period Core:
Entered into a binding Offtake Agreement, a conditional US$20 million Prepayment Agreement and a $2m Placement for its 100% Finniss Lithium Project near Darwin in the NT with one of China's largest lithium producers.
Lodged a Mineral Lease ("ML") with the Department of Primary Industry and Resources and a Notice of Intent ("NOI") with the Northern Territory Environment Protection Authority for the Grants Lithium Project.
Successfully completed the acquisition of the Bynoe Lithium Project directly adjacent to Core's Finniss Lithium Project in the NT near Darwin from Liontown Resources Ltd (ASX:LTR).
Drilled wide high grade spodumene intersections at Core's 100% owned high grade BP33 pegmatite.
Drilled multiple intersections confirming the potential of the 100%-owned Sandras Prospect to host high-grade spodumene pegmatite.
Had a strong cash position of approximately $4.6 million to further its project objectives at the end of the period.
To view the full report, please visit:
http://abnnewswire.net/lnk/UD922866
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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