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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.

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Price: 0.039 AUD

ASX:CXO
Market: ASX
Market Cap: $30.91 m
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