Core Lithium (ASX: CXO) has signed off on a big finish to 2018 with numerous milestones achieved during the December quarter, including having increased the global mineral resource of the Finniss lithium project to 7.1 million tonnes (now at 8.6Mt), increased the BP33 mineral resource by 50 per cent, revealed a maiden mineral resource for the Sandras and Carlton deposits, and changed the company’s name from “Core Exploration”.
The Board of Core Lithium Ltd (“Core” or “Company”) is pleased to present its Quarterly Activities Report for the Period ended 31 December 2018.
Core was focussed during the December quarter 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 by the end of the March quarter.
During the reporting period, Core:
Increased the global Mineral Resource of the Finniss Project to 7.1Mt;
Increased the BP33 lithium Mineral Resource by 50%;
Received promising results from Carlton and Hang Gong prospects which will add to the potential mine life of the Finniss Project;
Revealed a maiden Mineral Resource for the Sandras and Carlton deposits;
Raised $3 million to accelerate resource expansion and expanded scope of the DFS;
Changed the Company name from “Core Exploration” to “Core Lithium”