logo-loader
viewCore Lithium Ltd

Core Exploration sees strong financials and short payback period for Finniss Lithium Project

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 NPV"says Mr Biggins.

The company has completed its pre-feasibility study on the deposit and sees an operating profit of around 60% with a payback period of 12 months. Core Exploration has already established an offtake agreement with Chinese lithium producer Yahua, which will also provide a pre-payment facility to help develop the project.

Lithium demand worldwide is going from strength to strength with the rise of electric vehicles and China's tighter environmental controls being key drivers.

Quick facts: Core Lithium Ltd

Price: 0.039 AUD

ASX:CXO
Market: ASX
Market Cap: $30.82 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Core Lithium Ltd named herein, including the promotion by the Company of Core Lithium Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Tesserent's planned $16 million acquisition expected to...

Tesserent Ltd (ASX:TNT) chief executive officer Julian Challingsworth updates Proactive on the cybersecurity company’s plan to acquire the security division of ICT consultants PS&C for $16 million, which is expected to double the company’s revenue. The acquisition is part of Tesserent’s...

11 hours, 47 minutes ago

2 min read