Core Lithium (ASX: CXO) has updated the market on its activities during the three months to March. During the March quarter, Core was focused 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 progressed a Definitive Feasibility Study on the project which was released in April.
Core Lithium (ASX: CXO) has updated the market on its activities during the three months to March.
During the March quarter, Core was focused 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 progressed a Definitive Feasibility Study on the project which was released in April.
During the reporting period, Core:
· Increased the global Mineral Resource of the Finniss Project to 8.85Mt;
· Was awarded the first ever lithium Mineral Lease in the Northern Territory for the Finniss Project;
· Selected its preferred lead contractors for various packages of work at the Finniss Project;
· Made key appointments, including the recruitment of Simon Iacopetta as Chief Financial Officer; and
· Further enhanced the economics of the BP33 Deposit ahead of release of the Finniss Project DFS.
Core’s flagship asset is its wholly-owned Finniss Lithium Project, located in the Bynoe pegmatite field in the Northern Territory. The Company is initially developing one of Australia’s highest-grade lithium resources at the Grants Deposit and is actively assessing the additional development potential of a number of recently discovered lithium resources within the Finniss Lithium Project.
The Finniss Project is ideally situated in close proximity to the Darwin Port, Australia’s closes port to China.