Core Lithium Ltd
Core Lithium (ASX:CXO), formerly Core Exploration is listed on the Australian Securities Exchange.
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Core Lithium makes solid progress on road to becoming Australia’s next lithium producer
Core Lithium Ltd (ASX:CXO) (OTCMKTS:CXOXF) is making solid progress in its aim to become Australia's next lithium producer through the development of its flagship Finniss Lithium Project in the Northern Territory.
The company's plans are supported by already established binding and non-binding offtake agreements, one of which may see it become part of Tesla Inc's (NASDAQ:TSLA) supply chain.
Core has released a new investor presentation outlining its near-future growth potential along with the progress made in 2020.
Aggressive plans
Finniss is Australia's most advanced lithium project with all necessary government approvals in place and construction plans being formulated.
The company has chalked out an aggressive plan for the year ahead that includes completing a definitive feasibility study in the second quarter and a final investment decision in the third quarter with the intention to start construction in the second half of 2021.
With a capex budget of A$85 million, the company is eyeing annual revenue of A$160 million from minimum production of 175,000 tonnes.
Other Core Lithium Ltd news
- Core Lithium’s initial drilling confirms gold along entire 1.6-kilometre Far East belt at Bynoe Gold Project
2021-02-17 - Core Lithium receives $5 million concessional finance facility from NT Government for Finniss development
2020-08-05 - Core Lithium completes purchase of Bynoe Lithium Project with final $1.5 million cash payment
2020-07-07 - Core Lithium lifts Finniss lithium resource more than 50% to 15 million tonnes
2020-06-15 - Core Lithium $7 million capital raising follows first European offtake from Finniss project
2020-05-27
