Core established its first JORC 2012 Lithium Resource at the Grants Prospect at the Finniss Lithium Project ("Finniss"), near Darwin in the NT during the period.
Core has also commenced baselines studies at Grants to support both early development approvals and mine design.
Core is maturing discussions with potential offtake and project partners to advance potential early development of Grants and the Finniss Lithium Project.
Core commenced the first phase of RC drilling of the Zola Pegmatite Swarm during the reporting period.
Subsequent to the reporting period, the first phase of RAB and RC drilling commenced at the large-scale Ringwood Pegmatite Swarm.
Reconnaissance mapping and soil geochemical surveys on EL31058 within the Barrow Creek Lithium Project during the reporting period included 2,150 regional-spaced soils samples.
Core had a strong cash position of approximately $6.1 million to further its project objectives at the end of the period.
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About Core Exploration Ltd
Core 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.
Core Exploration Ltd
Core Exploration Ltd (ASX:CXO) DSO Lithium Offtake Agreement and US$20 Million Prepayment Agreement to Support Development of Finniss Lithium Project