Company
Core Lithium Ltd
ASX:CXO
Core Lithium Limited is an Australian lithium company and 100% owner of the Finniss Lithium Operation in the Northern Territory. The company also holds a portfolio of tenements in the Northern Territory and South Australia which are prospective for a variety of commodities, including base metals, rare earth elements, gold and uranium.
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Core Lithium CFO to leave the company in a strong financial position
The recent successful capital raise led by Iacopetta will underpin future growth options for the business.
Core Lithium hits another milestone at Finniss, kicking off transport of spodumene DSO to Darwin Port
The DSO will be trucked from Finniss to Darwin Port over the coming weeks with the loading of the ship to commence at the end of the month.
Core Lithium well placed to benefit from global supply and demand imbalance
“The recent DSO sale, predicted commencement of lithium concentrate sales in H1 2023 and an increasing lithium price environment indicate that Core Lithium is well positioned to capitalise on the high demand and current shortage of availabl
Core Lithium thanks outgoing managing director Stephen Biggins for "long-lasting legacy"
Biggins has stepped down following the opening of the Finniss Lithium Mine and the appointment of Gareth Manderson as chief executive officer.
Core Lithium officially opens Finniss Lithium Mine in Northern Territory
The company is on target to export direct shipping ore (DSO) Finniss lithium by the end of this year following its first sale early last week.
Core Lithium taps Primero for Finniss DMS plant operations and maintenance
The five-year contract, valued at $60 million, builds on Primero’s previous work under an engineering, design and construction contract.
Core Lithium set to grow BP33 resource at Finniss with more high-grade intersections
New spodumene intersections are more than 400 metres outside of the current mineral resource at BP33 with accelerated resource definition and extension drilling planned at BP33 and across the Finniss Project more broadly.
Core Lithium bolsters coffers for Finniss growth initiatives through $100 million raise
The company said its balance sheet was now stronger which would allow it to fast-track exploration programs, expedite capital development initiatives and pursue further organic and inorganic growth opportunities.
Core Lithium buoyed by first DSO sale of spodumene concentrate at US$951/dmt from Finniss
“The completion of the spodumene DSO tender is an excellent result for Core and indicates the strong demand for lithium,” Core chief executive officer Gareth Manderson said.
Core Lithium Ltd launches fully underwritten A$100 million share placement to accelerate growth initiatives at Finniss
Development activities at the Finniss Lithium Project are progressing well and Core remains on schedule to deliver first lithium concentrate production in the first half of 2023.
Core Lithium prepares first DSO shipment from Finniss; intersects more lithium pegmatites at BP33
The company "continues to demonstrate progress towards building a great lithium business through the delivery of the Finniss Project to production and the ongoing work to prove up our resources to support future operations. Finniss will com
Core Lithium extends offtake term sheet with Tesla
The company is looking to supply Tesla with up to 110,000 dry metric tonnes of lithium spodumene concentrate produced at the Finnis Project.
Core Lithium kicks off RC drilling campaign to gain ground on Finniss Lithium Project
“We have a full exploration schedule focused on growing our life of mine to support lithium production from northern Australia,” Core CEO Gareth Manderson said.
Core Lithium appoints resources sector veteran as first CEO of the company
Gareth Manderson joins the company after having served in various leadership and technical roles within mining giant Rio Tinto for more than 22 years.
Core Lithium fields strong drill results and completes successful pegmatite-detecting ANT geophysical trial
Chairman Greg English said the results would deliver "significant resource growth" that would add to the company's capacity to materially increase lithium production from northern Australia to keep up with rapidly growing global demand.
Core Lithium boosts Finniss Project’s resource 28% and reserves 43%, extending mine life to 12 years
“Most of the deposits at Finniss – including BP33, Carlton, Hang Gong, Ah Hoy and Sandras – remain open at depth and along strike and we are confident in the potential to deliver further significant increases to the Finniss resource and res
Core Lithium remains on track to ship first spodumene concentrate from Finniss by year-end
Early indications have demonstrated the potential for substantial resource increases and the company expects to release a resource and reserve upgrade in the coming weeks.
Core Lithium and Lake Resources to be added to S&P/ASX 200 index in rebalance
Representative, liquid, and tradable, the S&P/ASX 200 is widely considered Australia’s preeminent benchmark index.
Core Lithium to accelerate Finniss Project development following arrival of new equipment
“Core staff and contractors have done a great job getting the site ready for CSI and Primero and with the new mining equipment on site we are in a position to significantly ramp up activities at Finniss," says MD Stephen Biggins.
Core Lithium's strong new assay results set to deliver further resource growth at Finniss Project in Northern Territory
“Our prime directive is to deliver first production of high-quality lithium concentrate from the Finniss Project this year in the midst of a very high lithium price and high operating margin environment," says MD Stephen Biggins.
Core Lithium secures environmental approval for BP33 Underground Mine at Finniss Lithium Project
“The grant of environmental approval for the BP33 Underground Mine is another exciting milestone achieved by Core in the development of the Finniss Lithium Project,” says MD Stephen Biggins.
Core Lithium shakes hands with CSI Mining Services on Finniss Lithium Project crushing contract
The crusher civil works at Finniss are nearing completion and CSI is expected to start mobilising to the site in June.
Is Elon Musk right; does Tesla really need to start mining and refining lithium?
“Price of lithium has gone to insane levels! Tesla might actually have to get into the mining & refining directly at scale, unless costs improve," - Elon Musk
Core Lithium snaps up new lithium property near Finniss Project
Beyond lithium, the property could be prospective for gold, lead, silver, zinc and/or uranium.
Core Lithium picks up the shovel in preparation for key infrastructure at Finniss, shares rise again
“As the end of the wet season approaches, we look forward to seeing site activities significantly ramp up, with our path to first production before the end of 2022 firmly on track.”
Core Lithium encouraged by first Bilatos results at Finniss that demonstrate strong grade and thickness
“The latest results confirm our view of the prospects drilled at the Finniss Project, and we look forward to reporting the new results as they come to hand,” says MD.
Core Lithium managing director Stephen Biggs announces retirement
“Core is in perfect position to reach its next stage of growth as a lithium producer, and I feel it is the right time to step down as Managing Director and pass the torch on to the right person to lead Core in this next stage,” Biggins said
Core Lithium continues to deliver high-grade lithium intersections at Finniss Project
A Finniss resource update is expected during the second quarter of 2022 and the project remains on schedule to produce the first concentrate in the fourth quarter of 2022.
Core Lithium hits new high on signing binding term sheet to supply 110,000 tonnes of spodumene concentrate to Tesla
"The Term Sheet with Tesla is for the supply and delivery of up to 110,000 dry metric tonnes of spodumene concentrate over a term of four years. This adds to the previously announced binding offtake agreements with existing customers over f
Core Lithium completes acquisition of six highly prospective leases adjacent to Finniss Lithium Project
”Core’s prime directive of delivering first production of high-quality lithium concentrate in 2022, in the midst of a very high lithium price and high operating margin environment, is on track,” says MD.
Core Lithium expects to find substantial mineral extensions beyond Finniss Lithium Project mineral resource
“These new world-class lithium drilling results reflect the confidence Core has in delivering significant resource growth from the Finniss Project that will add to our life of mine and our capacity to materially increase lithium production
Core Lithium makes strong exploration progress at Finniss with further high-grade assays
During the current drilling season, the company's exploration team has focused on mineral resource growth and conversion, as well as regional exploration, to extend mine life and lay the foundation for resource growth and production expansi
Gains on the ASX as investors should be mindful of volatility in 2022
“It is important to remember that inflation is not synchronised. Rather, it tends to ripple through markets, creating volatility as different companies are impacted at different times and then recalibrate themselves."
Core Lithium snaps up six new mining leases next to Finniss lithium property
“This acquisition represents another enormous opportunity to add significant value for the Finniss Lithium Project through the acceleration of our resource expansion objectives,” says MD.
Core Lithium dons the hard hats at Australia’s newest lithium project, shares up
“This next phase of the company will be transformational, and we are excited to see construction milestones met at Finniss over the coming 12 months, ahead of first production before the end of 2022,” says MD.
Core Lithium’s offtake agreement and equity investment with Ganfeng now unconditional
Receipt of Chinese regulatory approvals is the final condition of the agreement and follows Core’s Final Investment Decision for the Finniss Lithium Project.
Core Lithium FID sets construction wheels in motion for Finniss to be Australia’s next lithium producer
"We are delighted to be developing the Territory’s first lithium project, investing in the local economy and creating hundreds of new jobs on a project that will deliver lasting value for all Core stakeholders, says chairman.
Core Lithium takes another step to unlock value in flagship Finniss lithium project
“As we have stated to the market, construction of the Finniss Project is on schedule to commence before the end of 2021, with Primero ready to hit the ground running immediately with initial work, in the lead-up to the commencement of proce
Core Lithium can start Finniss Project build after signing mining services contract
It is one of the final steps in starting construction at the Northern Territory project, with a final investment decision due in coming weeks.
Core Lithium moving into next growth phase on path to being Australia's next lithium producer at Finniss Project
It also plans to continue to step up exploration activities targeting additional discoveries that could further enhance its lithium resource inventory.
Core Lithium fields A$25 million in SPP, taking capital raising proceeds to A$150 million
Applications for the A$15 million SPP were received totalling more than A$43 million with the company lifting the amount raised to A$25 million.
Core Lithium opens $15 million SPP as part of $140 million equity raising
The funds raised from the SPP will be used primarily towards the development and construction of the Finniss Lithium Project.
Core Lithium raises A$91 million in strongly supported institutional placement to advance Finniss Project construction
Together with the A$34 million Ganfeng equity investment, Stage 1 project development of the Finniss Lithium Project is now fully funded, with Core on track for first production in late 2022.
Core Lithium inks offtake deal with lithium powerhouse Ganfeng amid "transformational" multi-stage A$140 million equity raise
Core is contracted to supply around 80% of its Stage 1 lithium production at Finniss over a four-year period — now, it will undertake a multi-faceted equity raise to fully fund this phase of development.
Core Lithium enters trading halt with capital raise news pending
The company’s shares will remain in a trading halt until Wednesday, August 11, or when an announcement is released to the market.
Core Lithium sets scene to become Australian's next lithium producer with positive Finniss definitive feasibility and scoping studies
“The definitive feasibility study confirms the Finniss Lithium Project as a simple, low-risk and low-capital intensity project with high cash-generating potential, and puts Core on track to become Australia’s next lithium producer,” says MD
Core Lithium secures $6 million in funding from $1.3 billion Modern Manufacturing Initiative
The funding comes as the ASX-lister prepares to start construction on Australia’s next lithium mine at its Northern Territory-based Finniss Lithium Project, with work to kick-off before year’s end.
Core Lithium executes agreement to connect Finniss to the NT grid
“Having the ability to choose our electricity supplier and plug into green power is yet another demonstration of how the location of Finniss Lithium Project can reduce Core’s and our customer’s greenhouse footprint,” says MD.
Core Lithium leads Australian peers with lowest lithium transport emissions in Finniss greenhouse gas assessment
The emerging lithium developer recently engaged ERM Group to make a series of environmental assessments at its Finniss Lithium Project in the Northern Territory, with results from a greenhouse gas assessment now in.
Core Lithium finds nuggets and extends Far East gold trend to 2,500 metres at Bynoe Gold Project
The company has successfully applied for co-funding through the NT Government’s Geophysics and Drilling Collaborations program to complete initial diamond drill testing of Far East.
Core Lithium begins expansion and exploration drilling at Finniss Lithium Project
New lithium exploration discoveries are expected to add more tonnes to the recent exploration target and current mineral resource at Finniss.
Core Lithium executes agreement with Darwin Port Operations for Finniss lithium exports
The Port Operating Agreement contemplates exporting lithium concentrate and DSO and cements a key part of Core’s low-cost logistics chain from mine to port.
Core Lithium establishes new exploration target with potential to extend Finniss life of mine
With a clear pathway to resource and project expansion, Core is set to kick off resource expansion drilling at Finniss in coming weeks.
Core Lithium added to Morgan Stanley Capital International Micro Cap Australia Index
The MSCI Australia Micro Cap Index is designed to measure the performance of the micro cap segment of the Australian equity market.
Core Lithium set to begin most extensive lithium exploration and resource drilling program in its history at Finniss
Drill planning has been finalised for the arrival of RC and diamond drill rigs to the Northern Territory site later this month.
Core Lithium’s largest shareholder and Tesla supplier Yahua to double lithium output
Core and Yahua have signed a binding offtake agreement for Core to supply 75,000 tonnes per annum of lithium spodumene concentrate.
Core Lithium makes exploration breakthrough as gravity geophysical survey correlates with Finniss lithium pegmatite distribution
Core’s new gravity survey has demonstrated that this methodology is a valuable tool for pegmatite exploration in the Northern Territory.
Core Lithium produces battery-grade lithium hydroxide from Finniss Project concentrate
Demonstration of the production of battery-grade LH in this program provides Core and customers confidence in the value of the Finniss Project, its importance to Australia’s northern regional economy, and strengthening Australia’s position
Core Lithium’s Finniss Project awarded Major Project Status by Federal Government
Major Project Status provides extra support from the Major Projects Facilitation Agency and represents another milestone in the path to bringing the world-class lithium project into production.
Core Lithium continues to reach milestones positioning it to be Australia’s next lithium producer
The company’s world-class Finniss Lithium Project boasts high-grade and high-quality lithium suitable for use in this projected high growth market and other renewable energy sources.
Core Lithium acquires right to more than 30 lithium pegmatite targets adjacent to flagship Finniss Lithium Project
The aim is to complete the acquisition of these assets in 2021 and, based on a positive assessment, to increase mineral resources and potentially increase project life-of-mine.
Core Lithium in trading halt with material acquisition announcement pending
The company remains focused on delivering Australia’s next lithium project with lithium resource and geotechnical drilling at the Finniss Project to be completed soon.
Core Lithium’s initial drilling confirms gold along entire 1.6-kilometre Far East belt at Bynoe Gold Project
Gold prospectivity can be rapidly substantiated through cost-effective exploration, given the logistical and technical synergies with Core’s lithium exploration team.
Core Lithium makes solid progress on road to becoming Australia’s next lithium producer
The company is well-funded to carry out exploration activities aimed at upgrading resources and reserves at the Finniss Lithium Project in the Northern Territory.
Core Lithium's high-grade results from Grants expected to strengthen Finniss lithium resource
The results are expected to strengthen the current resource model with regard to size and reserves, with a high conversion of inferred resources to indicated resources, and add reserves to life of mine.
Core Lithium raises $40 million following strong support from global institutions
The Finniss Project has been substantially de-risked with funding through to construction, anticipated to start prior to year-end, subject to the final investment decision (FID).
Core Lithium in trading halt ahead of upcoming share placement
The company is confident the Finnis Project is positioned for early production in an increasing price and demand environment and is focused on optimising the DFS for quarter two, ahead of a final investment decision in the latter half of th
Core Lithium marches towards construction start at Finniss Lithium Project in 2021
The company’s focus in the near-term is optimising the definitive feasibility study expected in quarter two, ahead of a final investment decision and construction of the project.
Core Lithium higher on being granted mineral lease for BP33 lithium deposit by NT Government
This move reflects another key milestone achieved towards being shovel-ready on Australia’s most advanced new lithium project.
Core Lithium’s share price soars on Yahua-Tesla lithium offtake deal
The company has responded to a query from the ASX after its shares increased 45% to 21 cents, just shy of a record high.
Core Lithium intersects up to 37 metres of spodumene pegmatite in Grants resource drilling
The company believes that the targeted drilling at Grants deposit in the Finniss project will add more tonnes to the resource at a “decent lithium grade”.
Core discovers gold nuggets within 1600-metre anomaly at Bynoe project
The company plans to conduct its first shallow gold drilling program before year-end to test the large gold trend for gold mineralisation below the surface.
Core Lithium rock chips from Bynoe's Kellermeister Prospect return gold grades of up to 20 g/t
The company’s low-cost field investigations continue to uncover new targets and prospects, building the prospectivity of the Bynoe Gold Project area.
Core Lithium on track for final investment decision on Finniss Project by mid-2021
The company is positioned to be Australia’s next lithium producer through the development of its flagship Finniss Lithium Project and has already established binding and non-binding offtake agreements within the lithium battery supply chain
Core Lithium accepted into European Commission’s newly-formed European Raw Materials Alliance
The company is now part of a comprehensive collaborative ecosystem bringing innovative mining extractive technologies to the table.
Core Lithium’s re-assays reveal another new gold prospect at Bynoe project
Piper North Prospect is one of the gold anomalies that have emerged from the re-assaying of lithium exploration soil samples and this program is expected to generate further targets.
Core Lithium accelerates Finniss drilling with second diamond rig
The company has started drilling with a second diamond rig targeting open extensions of the Grants and BP33 ore bodies in a bid to add to resources and reserves.
Core Lithium finds visible gold at Pickled Parrot Prospect in Northern Territory
Core’s low-cost gold re-assay and field exploration program has generated several new targets where there were no previous gold assays – boosting the company’s confidence in the gold potential of this project.
Core Lithium has diamond drill spinning in resource expansion program at Finniss
The company initiated the drilling after mine planning and resource assessment studies highlighted opportunities to further extend mineral resources and ore reserves at Grants and BP33 deposits.
Core Lithium returns visible gold and grades over 100 g/t in rock chips at Bynoe Gold Project
"Core remains absolutely focused on delivering Australia’s next lithium project by developing the Finniss Lithium Project near Darwin in the Northern Territory,” says MD.
Core Lithium in trading halt pending release of exploration results
The NT Environment Protection Authority has decided that the Environmental Impact Assessment for the proposed underground mine will be via a supplementary environmental report.
Core Lithium progresses approvals process for BP33 underground mine
The Northern Territory Environment Protection Authority has decided that the Environmental Impact Assessment for proposed underground mine will be via a supplementary environmental report (SER).
Core Lithium re-assays identify new gold targets at Bynoe project
Recent re-assays have increased the project’s gold potential but the company remains fully focused on delivering Australia’s next lithium project with Finniss Lithium Project near Darwin.
Core Lithium confident Finniss Project well-placed to cater for post-COVID demand for lithium
The company is confident that the project is at the front of the line of new global lithium production and has arguably the best logistics chain to markets of any Australian lithium project.
Core Lithium considers sale of non-core high-grade silver assets
Given the potential to expand high-grade silver mineralisation in conjunction with the prevailing silver price, the company is considering and exploring options including an asset sale.
Core Lithium plans to update Finniss DFS with value-adding opportunities and additional resources
The evaluation of key underground PFS findings has identified opportunities to further add value resulting from recent increases to Finniss mineral resources and ore reserves and doubling of life of mine.