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Core Lithium in trading halt pending release of exploration results

The NT Environment Protection Authority has decided that the Environmental Impact Assessment for the proposed underground mine will be via a supplementary environmental report.

Core Lithium Ltd - Core Lithium in trading halt pending release of exploration results
Core believes its proposed underground mine will meet strict environmental requirements

Core Lithium Ltd (ASX:CXO) has been granted a trading halt by the ASX pending the release of exploration results.

The company’s securities will remain in trading halt until the beginning of trade on Monday, September 28, or when an announcement is released to the market, whichever occurs earliest.

Approvals process advancing

Core’s application for an Environmental Impact Assessment (EIA) for the proposed BP33 underground lithium mine is being progressed by the Northern Territory Environment Protection Authority (EPA).

NT EPA has advised Core that the environmental impact assessment for the underground mine within the Finniss project will be via a supplementary environmental report (SER).

The EPA made the decision under newly introduced environmental protection regulations and after making a thorough and extensive study of the company’s Environmental Impact Statement (EIS) of its proposed mine and processing facility.

Managing director Stephen Biggins said: “The newly re-elected NT Government is to be congratulated on hitting the ground running and meeting timeframes scheduled in the recently implemented EIA process, as well as setting the standard for diligent and timely future assessment.”

Quick facts: Core Lithium Ltd

Price: 0.05 AUD

ASX:CXO
Market: ASX
Market Cap: $49.72 m
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