Advanced Australian lithium developer Core Lithium (ASX: CXO) has announced two new potential lithium project acquisitions in the NT adjacent to or near Core’s existing lithium interests.
HIGHLIGHTS
· Core has entered into conditional agreements to acquire two new lithium pegmatite projects in northern Australia
· Soldiers Creek Project:
· Located near Core’s Finniss Lithium Project and Darwin Port
· Multiple historic tin tantalum pegmatite mines similar to Finniss
· Walabanba Project:
· Surrounded by Core’s Anningie and Barrow Creek Lithium Project
· Multiple historic tin tantalum pegmatite mines similar to Finniss
· New projects have strong synergies with Core’s existing lithium projects
· Excellent fit with Core’s objective to make Darwin and Core’s Finniss Lithium Project central processing and global lithium transport hub for northern Australia.
Core believes there are strong synergies between the lithium potential of these new projects and their proximity to Core’s existing lithium projects and the direct rail link to Darwin Port.
These new acquisitions leverage Core’s position as Australia’s next lithium producer and strategy to make Darwin and Core’s Finniss Lithium Project a central processing and global transport hub for lithium and spodumene production in northern Australia.
