Australian Lithium producer, Core Lithium (ASX: CXO) has provided it half-yearly report for the six months ending 31 December 2019.
In the half year to 31 December 2019, the Company raised $0.35 million through a share purchase plan and received $6.875 million in royalty funding from Lithium Royalty Corp to progress the Group’s lithium projects.
Core continued investing in exploration and project development activities at its 100%-owned Finniss Lithium Project in the Bynoe Pegmatite Field region in the Northern Territory.
Core is targeting Mineral Resource and Ore Reserve expansion, regulatory approvals, securing remaining offtake and continuing discussions with financiers in 2020.
The net loss of the Company, from the six months to 31 December 2019 was $1,653,624 (2018: $1,067,248).