Core Lithium Ltd (ASX:CXO) (OTCMKTS:CXOXF) announced that the company has been added to the Morgan Stanley Capital International (MSCI) Micro Cap Australia Index with effect from 27 May 2021.
The MSCI Australia Micro Cap Index is designed to measure the performance of the micro-cap segment of the Australian equity market.
With 413 constituents, the index represents around 1% of the free float-adjusted market capitalisation in Australia.
Finniss exploration and resource drilling
The company is set to begin major lithium exploration and resource drilling programs in the coming weeks at the Finniss Lithium Project near Darwin in the Northern Territory.
The company recently awarded key drilling contracts to enable its drill service providers to plan and mobilise to site and the geological team is already on-site preparing drill access and site logistics, ahead of the most extensive exploration and drilling campaign in the company’s history.
Australia’s most advanced new lithium project
The Finniss Lithium Project is Australia’s most advanced new lithium projects on the ASX, which places Core Lithium at the front of the line of new global lithium production.
Finniss is also one of the most capital-efficient lithium projects in Australia and has arguably the best logistics chain to markets of any Australian lithium project.
The Project lies within 25 kilometres of port, power station, gas, rail and one hour by sealed road to workforce accommodated in Darwin and importantly, to Darwin Port - Australia’s nearest port to Asia.