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.
Core Lithium to deliver Finniss Lithium feasibility study update in first half
The Coronavirus pandemic is not expected to impact the company’s non-field work milestones in the near-term.
Core Lithium test work confirms excellent recovery from BP33 deposit bulk sample
Finniss Lithium Project resource estimate expected in coming weeks ahead of a feasibility study update in the second quarter of 2020 targeting significantly increased mine-life and substantially improved economics.
Core Lithium identifies multiple advanced prospects at Adelaide River Gold Project
Core remains focused on the development of the Finniss Lithium Project; however, this new project presents an opportunity for the Core exploration team and NT experience to add value for shareholders.
Core Lithium’s new high-grade intersections to add to Carlton resource
Maiden ore reserve at Carlton to contribute significantly to an expanded mine life at Finniss Lithium Project.
Core Lithium hits world-class high-grade lithium intersection at Finnis Project
Results indicate that the BP33 primary pegmatite body extends with around 40 metres true width for at least a further 100 metres vertically and remains open at 400 metres depth.
Core Lithium completes strategic acquisition of new lithium project in the NT
Core now holds over 3,250 square kilometres of granted tenements in the Anningie and Barrow Creek Pegmatite Fields.
Core Lithium shares rise after hitting world-class 119-metre spodumene pegmatite intersection
The new intersection outside the resource at BP33 deposit includes 105 metres of strongly mineralised spodumene pegmatite.
Core Lithium's wide spodumene pegmatite intersections at Carlton likely to extend Finniss mine life
The two deepest drill holes also intersected a second pegmatite body of up to 25 metres downhole, east of the primary body.
Core Lithium focused on lithium resource upgrades for Finniss development near Darwin port
The company has signed commitments for output from its proposed processing plant and is negotiating more agreements.
Core Lithium to start drilling two new spodumene pegmatite prospects at Finniss project
Two shallow holes were drilled earlier this month at Hendersons West prospect to test the main body and both holes intersected pegmatites.
Core Lithium strengthens capabilities through appointment of Malcolm McComas as director
Core aims to begin spodumene concentrate production at the Finniss project in late 2020, subject to financing and regulatory approvals.
Core Lithium enters into ancillary mineral lease agreement for Finniss project
An application for the ancillary mineral lease has been lodged with the Northern Territory Department of Primary Industry and Resources.
Core Lithium intersects thick, high-grade spodumene at BP33 deposit, likely to boost reserves
The increasing width and higher grades within the deeper parts of BP33 deposit highlight the potential for underground mining.
Core Lithium to acquire two new lithium pegmatite projects in northern Australia
The acquisitions fit in with Core’s objective to make Darwin and the Finniss Lithium Project central processing and global lithium transport hub for northern Australia.
Core Lithium high-grade results expected to add to Finniss resources
High-grade spodumene intersections have been returned from exploration and mineral resource growth drilling at a number of prospects.
Core Lithium intersects high-grade spodumene mineralisation at Finniss project in NT
Assays from the first round of reverse circulation and diamond drilling are expected within two weeks while the company has begun a second round of mineral resource growth drilling.
Core Lithium confirms FIBR approval for $8.125 million Lithium Royalty Corp investment
Funds raised totalling $11.8 million are now being used to progress the Finniss Lithium Project towards development.
Core Lithium begins resource expansion drilling at Finniss following $11.4 million capital raise
With the DFS complete, approvals, additional offtake and project finance advancing and being finalised, Core is well placed to be Australia’s next lithium producer.
Core Lithium retains speculative buy recommendation from RM Research
April 2019 DFS for the Grants Lithium Project returned a healthy NPV of $114 million with an IRR of 80% based on a 3.5 year mine life.
Core Lithium exceeds share purchase plan target by 65%, raising $3.3 million
Exploration programs aimed at increasing mineral resources at the Finniss Lithium Project will begin in the coming weeks.
Core Lithium extends closing date of oversubscribed SPP following strong investor demand
The company is considering increasing the amount raised to minimise scaling back of the SPP.
Core Lithium crosses a major milestone towards becoming Australia’s next lithium producer
Core is now on solid footing as it runs down the checklist of milestones to meet before construction is expected to commence later this year.
Core Lithium to receive $8.1 million for 2.5% royalty at Finniss
An $8.1 million royalty investment adds to the $2 million share purchase plan underway.
Core Lithium reveals possible new revenue source from Finniss project
The company has established offtake and prepayment agreements and is negotiating further deals with some of Asia’s largest lithium consumers.
Core Lithium looks ahead to expanding beyond 10 million tonnes
The Finniss Project has a total JORC resource of 9.63 million tonnes grading 1.3% lithium across six deposits.
Core Lithium new Lees resource expands Finniss total to 9.63 million tonnes at 1.3% lithium
The company has established offtake prepayment agreements and is negotiating further deals with some of Asia’s largest lithium consumers and producers.
Core Lithium confirms Finniss is likely to be Australia's next lithium mine
The company has increased mineral resources and ore reserves by over 400% since the start of 2018 and plans to add further resources and reserves to extend project life.
Core Lithium expands Finniss lithium concentrate offtake deal with Yahua by 50%
The offtake agreement includes a floor price, guaranteeing a robust operating margin and revenue for the first 2 years.
Core Lithium in trading halt with update on offtake agreement imminent
The company is in the final stages of studies to enable completion of the Finniss Lithium Project DFS.
Core Lithium’s drilling intersects high-grade lithium mineralisation ahead of Finniss DFS
New results include 76 metres at 1.78% lithium oxide from 149 metres.
Core Lithium grows Finniss global resource to 8.85 million tonnes with upgraded Carlton estimate
The expanded global mineral resource for the project increases the potential for an increased mine life and is aimed at further enhancing project economics.
Core Lithium discovers new spodumene pegmatite body adjacent to Carlton lithium resource
Core is currently completing a resource update for the Carlton ore body (expected next week) ahead of finalising the definitive feasibility study.
Core Lithium results underpin potential resource growth at Finniss Lithium Project
Drilling confirms that ore-grade lithium mineralisation is widespread within Finniss and has potential to support a long life-life mining and production operation.
Lithium Mine to Market conference highlights WA’s comparative advantage in battery metals
The Roskill-hosted conference gathered lithium analysts, industry leaders and investors to discuss new developments and current projects in the industry.
Lithium Mine to Market conference in Perth this week to put spotlight on lithium industry
The conference will be held at the Parmelia Hilton in Perth this Thursday and Friday, February 21 and 22.
Core Lithium makes key appointments to progress Finniss Lithium Project
The company has engaged Adelaide-based consultancy Workplace Partners to develop and implement human resources, industrial relations and work, health and safety systems.
Core Lithium boosts Finniss resource to 8.6 million tonnes with initial Hang Gong estimate
A further exploration target of 3 to 5 million tonnes grading between 1% and 1.4% lithium has been set at Hang Gong.
Core Lithium selects preferred lead contractor for Finniss Lithium Project
The company is targeting first production from the project by the end of 2019.
Core Lithium achieves a major milestone towards production at Finniss Lithium Project
First ever lithium mineral lease in the Northern Territory awarded to Core, achieving a key regulatory milestone.
Core Lithium prepares resource updates ahead of Finniss DFS expansion
The Finniss lease also hosts the Grants deposit, which will host the project's first mine.
Core Lithium completes $3 million placement and begins drilling at Finnis
Cornerstone commitments have been received from two of China’s largest lithium producers.
Lithium outlook uncertain amid growing demand, oversupply and potential disruptive technologies
The lithium price faces a slow downward trend to 2022 as the market shifts into a supply surplus in 2019.
Core Lithium’s latest assays point to two new large deposits
Maiden resource estimates for these two deposits are expected in January 2019.
Core Lithium boosts lithium inventory with maiden Carlton resource
The resource upgrade will feed into the definitive feasibility study (DFS) underway.
Core Lithium commences drilling to expand JORC lithium resource at Finniss
Drilling will be focused on resource expansion and infilling the resource.
Core Lithium raises $3 million, DFS expected March quarter
Funding will go towards developing the Finniss Lithium Project in the Northern Territory.
Core Lithium eyes higher valuation potential for Finniss Lithium Project
The company is keen to maximise the resources and valuation potential of the project and factor these into the definite feasibility study.
Core Lithium granted trading halt pending capital raising activity
The company is undertaking a definitive feasibility study at its Finniss Lithium Project in the NT.
Core Lithium releases maiden lithium resource for Sandras, shares rise
As the lithium resource inventory grows, so does the project's potential future mine life.
Core Lithium reveals high-grade lithium hits at Finniss project ahead of resource update
Maiden resource estimates for Sandras, Carlton, Hang Gong and Lees-Booths prospects expected to be reported over the next 2 months.
Investments and investor services
Core Lithium “deeply saddened” to advise of sudden passing of CFO
Chief financial officer Erik Palmbachs passed away suddenly last week following a cardiac arrest.
Australian new energy companies hold global appeal: TLEM Conference lowdown
The two-day Technology and Low Emission Minerals Conference featured many of Australia’s emerging resource companies focused on sustainable operations and new energy minerals.
Core Exploration becomes Core Lithium Ltd to reflect battery metal focus
The new name has been registered with ASIC and this will be updated in ASX records on Wednesday.
Core Exploration early drill results suggest large hidden pegmatite swarms
Results support the concept of continuous linking pegmatites between two prospects.
Technology and Low Emission Minerals Conference to showcase emerging Australian battery metals industry
The conference will be held at the Westin Hotel in Perth next Tuesday and Wednesday, November 13 and 14.
Core Exploration adds lithium to name amid transition to battery metal producer
The company aims to complete regulatory and internal approvals, as well as financing, before starting lithium concentrate production by the end of 2019.
Core Exploration increases BP33 lithium deposit by 51%
A definitive feasibility study (DFS) underway is expected to be delivered in later this month.
Core Exploration intersects high-grade lithium, expands Finniss potential
The company is shoring up the project to a definitive feasibility stage as it aims for production before the end 2019.
Core Exploration reveals 42% increase in Grants lithium resource
The company is in the final stages of completing a DFS for the development of a spodumene concentrate operation from the Finniss Lithium Project.
Core Exploration boosts Napperby uranium deposit
Napperby is one of the few undeveloped uranium deposits in Australia.
Core Exploration strengthens executive team with chief financial officer appointment
Experienced mining financial executive Erik Palmbachs has been recruited to the fulltime role.
Core Exploration targets lithium concentrate production at Finniss by late 2019
Preliminary feasibility study (PFS) completed, definitive feasibility study (DFS) scheduled for delivery by the end of 2018.
Hardware & electrical equipment
Lithium demand surges along with growth in electric vehicle market
GlobalData forecasts that demand for lithium will more than double to 58,300 tonnes in 2022.
Core Exploration receives lithium assays revealing BP33 potential
Drilling continues across multiple prospects and targets within the Finniss Lithium Project.
Core Exploration intersects high-grade pegmatites at Finniss Lithium Project
Results demonstrate potential to grow the lithium resource base at the project near Darwin.
Core Exploration new test work shows improved lithium recoveries
The new results will feed into the feasibility study underway.
Core Exploration enters lithium off-take term sheet with US$35 million prepayment, share rise
Shares are trading up 17.3% or 0.9 cents higher to 6.1 cents.
Core Exploration eyes larger lithium resource at Grants following high-grade hits
Regional exploration drilling continues within the larger Finniss Lithium Project with results from Carlton, Hang Gong, Highland and Far West Central expected next month.
Core Exploration receives a speculative buy from RM Research
Core’s recently completed pre-feasibility study illustrates a financially robust, albeit small-scale and short-life operation
Core Exploration’s drilling confirms further extensions to the Grants Lithium Deposit
The company's recent pre-feasibility study had delivered robust economics for Grants Lithium Deposit.
Core Exploration takes investors through dominant position in emerging lithium province
Core has signed a 1 million tonne binding offtake and US$20 million pre-payment agreement with Yahua.
Core Exploration’s pre-feasibility study delivers robust economics for Grants Lithium Deposit
Pre-Feasibility study (PFS) points to a low-cost lithium operation generating significant surplus cashflow.
Core Exploration begins drilling to expand Finniss lithium resource
The drilling is aimed at growing the current resource of 3.45 million tonnes at 1.4% lithium oxide.
Core Exploration expands lithium JORC resource by 70%
Results from the pre-feasibility study are expected next month.
Core Exploration director increases stake via share purchase plan
The investment has been made through Nowak Investments Pty Ltd.
Hardware & electrical equipment
Lithium next boom resource from the mining powerhouse of Western Australia
Value-adding proposals present more opportunities for lithium explorers, developers and producers.
Core Exploration doubles Grants resource as it prepares PFS with an eye to near-term production
Importantly, the doubling in the Grants resource was at the same high grade of 1.5% lithium.
Core Exploration doubles indicated lithium resource at Grants
Grants lithium resource is one of the highest grade undeveloped lithium deposits in Australia.
Core Exploration strengthens China relationship with $1.4 million raise
26.4 million shares priced 5.3 cents have been placed with a major Chinese shareholder.
Core Exploration wins tax credits for shareholders
The company recently raised $5 million in a placement to fund studies of its lithium project.