The company’s shares will remain halted until the earlier of an announcement being released to market or the start of trade on Wednesday, June 5.
Core is focused on developing the Finniss Lithium Project in the Northern Territory, targeting annual production of 175,000 tonnes of lithium concentrate set to begin in 2020.
An additional 200,000-250,000 tonnes a year of fine lithium (FL) is forecast to be produced as a by-product of concentration at Finniss’ dense media separation plant.
Expressions of interest from a number of parties for the potential purchase of FL have been received, representing a new revenue source from Finniss.
The project hosts a JORC resource of 9.63 million tonnes grading 1.3% lithium across six deposits.