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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.

ASX boards
DFS expected before the end of April

Core Lithium Ltd (ASX:CXO) has been granted a trading halt by the ASX pending release of an announcement regarding a material offtake agreement.

Shares in the company will remain halted until the earlier of, the release of relevant information, or, the commencement of trading on Tuesday 2 April 2019.

READ: Core Lithium grows Finniss global resource to 8.85 million tonnes with upgraded Carlton estimate

Core recently upgraded the global resource for its Finniss Lithium Project in the Northern Territory to 8.85 million tonnes at 1.3% lithium oxide with the addition of a new resource at the Carlton deposit.

The updated lithium resource at Carlton is within the same mining lease areas as the Grants Lithium deposit and one kilometre from the proposed mine and processing facility at Grants.

READ: Core Lithium’s drilling intersects high-grade lithium mineralisation ahead of Finniss DFS

Core is in the final stages of studies to enable completion of the Finniss Lithium Project DFS.

These last stages of work will be completed over the coming weeks, to enable Core to release the DFS before the end of April.

Quick facts: Core Lithium Ltd

Price: 0.038 AUD

ASX:CXO
Market: ASX
Market Cap: $30.03 m
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Core Exploration sees strong financials and short payback period for Finniss...

Core Exploration Ltd (ASX:CXO) managing director Stephen Biggins speaks with Proactive Investors about the key Finniss Lithium Project. "Core is developing one of the Australia's highest grade lithium deposits...we've got a project that will deliver high profits, good margins, high...

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