Core Lithium signs MOU for new offtake deal and secures $1 million at-market placement
If they proceed, offtake agreements in place will represent around 85% of the Finniss project's proposed annual production of 175,000 tonnes.
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 receives $5 million concessional finance facility from NT Government for Finniss development
The Northern Territory Government Local Jobs Fund has offered to invest $5 million in the Finniss Lithium Project through a low-cost business investment concessional loan.
Core Lithium sees opportunity in EU’s giant US$572 billion green stimulus plan
Core Lithium was recently accepted as a member of the European Battery Alliance, an organisation committed to driving a competitive and sustainable battery industry in Europe by 2025.
Core Lithium identifies additional gold prospects at Adelaide River Gold Project, Northern Territory
These are in addition to the recently recognised Possum and Arum prospects at Adelaide River.
Core Lithium joins European Battery Alliance as it eyes pathways to grow market presence in EU
Core recently signed a non-binding offtake term sheet with Geneva-based Transamine Trading for the supply of spodumene concentrate from its Finniss Lithium Project.
Core Lithium identifies multiple rock chips above 100 g/t gold at Adelaide River Project
A review of historic data has identified several advanced gold prospects at Adelaide River Gold Project in the Northern Territory.
Core Lithium completes purchase of Bynoe Lithium Project with final $1.5 million cash payment
The company will pay Liontown the $1.5 million in cash before July 14 from its cash reserves of $8.5 million.
Core Lithium has Grants EIA extended to match 7-year operation
The NTEPA decided the Grants Lithium Project has been altered in such a manner that it adequately addresses the potentially significant environmental impacts, so a public environmental report or EIS is not required.
Core Lithium increases Finnis ore reserves 159%, mine life extended to seven years
The company is progressing towards a final investment decision for the project in late 2020.
Core Lithium lifts Finniss lithium resource more than 50% to 15 million tonnes
The company will add the improved mineral resource estimate to the updated feasibility study for the Northern Territory project.
Core Lithium closes share purchase plan early after attracting strong support
The company closed the SPP a week early after exceeding its target of $1.5 million.
Core Lithium $7 million capital raising follows first European offtake from Finniss project
Funds received will be used to progress the Finniss Lithium Project in the Northern Territory, with the company planning to be construction-ready post COVID-19.
Core Lithium lands first European offtake deal for spodumene concentrate from Finniss
The company and Transamine Trading have agreed to the annual supply of 50,000 tonnes of spodumene concentrate from the Finniss Lithium Project over five years.
Core Lithium halted with material offtake agreement news pending
The company has applied for a new Northern Territory Government initiative aimed at creating more local jobs and accelerating major and significant projects.
Core Lithium sees light at end of COVID-19 tunnel and is well placed for strong second half at Finniss Lithium Project
The company has applied to a new Northern Territory Government initiative aimed at creating more local jobs and accelerating major and significant projects
Core Lithium identifies gold potential of Bynoe Pegmatite Field
Previous exploration datasets and assays focussed on tin-tantalum-lithium regularly excluded gold.
Core Lithium well-positioned to meet future global demand for lithium
Given its low start-up capital requirements, existing infrastructure and proximity to offshore transport services, Finniss Lithium Project is well placed to meet growing demand for lithium batteries for electric vehicles and other renewable
Core Lithium DMS test work on Finniss project lithium returns high-quality concentrate
The results build on previous work and confirm that the project can produce high-quality lithium concentrate at better lithium grades and lower iron content.
Core Lithium up 60% with key NT Government approvals secured for Finniss Lithium Project
This approval is a crucial milestone in the company plans to build Australia’s first lithium mine and production facility outside Western Australia.
Core Lithium in halt with material project update pending
The coronavirus pandemic is not expected to impact the company’s non-fieldwork milestones in the near-term.