Quarterly Activities Report 30 September 2018
Adelaide, Oct 31, 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 30 September 2018.
Highlights
Core spent much the September quarter working on a number of initiatives aimed at further enhancing the value and potential of its wholly-owned Finniss Lithium Project, located near Darwin in the Northern Territory, as the Company progresses a Definitive Feasibility Study on the project which is due to be released before the end of 2018. During the reporting period Core:
- Identified significant extensions outside of the existing defined Mineral Resource at the Grants Deposit
- Entered into a non-binding US$35 million pre-payment and concentrate offtake term sheet with RuiFu
- Improved the recovery of high-grade lithium concentrate at Grants
- Further boosted the economics of the BP33 Prospect with wide and high-grade lithium assay results
- Progressed exploration work at the Carlton and Hang Gong prospects
- Appointed Argonaut as a financial adviser
- Appointed Erik Palmbachs as Chief Financial Officer
- Relocated head office to larger premises in Adelaide to facilitate expansion plans
To view the full report, please visit:
http://abnnewswire.net/lnk/V2WU58QP
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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