Adelaide, Aug 17, 2017 AEST (ABN Newswire) - Core Exploration Ltd (ASX:CXO) provide the "Mining the Territory Presentation" titled "Developing the first Lithium Resource in the NT".

- Core has established the first Lithium Resource in the NT near Darwin

- Grants Lithium Resource one of the highest grade lithium deposits in Australia

- Development supported by arguably the best logistics chain to China of any Australian Lithium Project -HOA with Darwin Port for export

- Met. work produces high quality 6% Li2O spodumene concentrate at +80% recovery

- Preliminary Mining Study shows strongly positive outcomes for Direct Shipping Ore (DSO) at Grants

- Discussions maturing with potential offtake partner/customer

- Core preparing to lodge mining lease application at Grants

- Significant potential to grow Resources : Grants Resource is only one of many lithium rich pegmatites identified within Core's large Finniss Lithium Project in the NT

- Exploration and Further Resource drilling planned in 2017

FINNISS LITHIUM PROJECT:

Advanced Project with Large-Scale Upside

Core's dominant position in the Bynoe pegmatite field at the Finniss Lithium Project includes:

- One of Australia's Highest Grade Lithium Resources

- Large Area ~400km2of Granted Tenements

- High Grade Spodumene drill intersections at multiple prospects

- Mt Finniss Mine -the largest pegmatite mine in the NT

- 25 other historic smaller pegmatite mines

- Other additional new large pegmatite targets

- Easy trucking distance by sealed road to Port Darwin

CXO FIRST LITHIUM RESOURCE IN THE NT

Core's 2016 drilling discovered and in 2017 defined maiden Resource -1.8Mt at 1.5% Li2O at Grants

Grants Lithium Resource is one of the highest grade undeveloped lithium deposits in Australia

Preliminary Mining Study shows strongly positive outcomes for potential development of DSO Spodumene Operations based on the modest scale of Grants Resource

High 1% cut-off and flat grade-tonnage curve highlights 1.5% Li2O "sweetspot" for DSO spodumene production

Simple Open Pit Mining

Grants only a short trucking distance by sealed road to Port Darwin

Core preparing Mining Lease Application at Grants

To view the presentation, please visit:
http://abnnewswire.net/lnk/QP939EB6


About Core Exploration Ltd

Core Exploration ASX:CXOCore Exploration Ltd (ASX:CXO) aims to grow shareholder value through the exploration for and discovery of commercially robust base metal and uranium deposits in South Australia and the Northern Territory. Core Exploration's projects have been carefully acquired in geology which hosts world-class mines and within some of the most prospective geological terrains for base metals and uranium in Australia.

    


Contact

Stephen Biggins
Managing Director
Core Exploration Ltd
T: +61-8-7324-2987
E: info@coreexploration.com.au



Related Companies

Core Exploration Ltd    

ABN Newswire This Page Viewed:  (Last 7 Days: 53) (Last 30 Days: 310) (Since Published: 874) 
ANALYTICS: LOGIN HERE

Core Exploration Ltd NEWS: RECENT VISITS (10193)

Research Report

Social Media