Resource Growth and PFS - Finniss Lithium Project
Mines and Money Conference Presentation
Adelaide, April 4, 2018 AEST (ABN Newswire) - Core Exploration Ltd (
ASX:CXO) provides the Company's latest presentation at Mines and Money Conference.
INVESTMENT HIGHLIGHTS
- CXO on a pathway to lithium production - targeting late 2019
- Preliminary Feasibility Study (PFS) nearing completion
o Considering low-capex production of spodumene concentrate, for export from Darwin port
o Development of the high grade (1.5%) Grants deposit initially
- Mining Lease Application and approvals processes commenced
- Binding offtake agreement with Yahua (one of China's largest lithium producers)
o Includes US$20 million prepayment facility
- Resource upgrade at Grants and maiden Mineral Resource at BP33 both imminent
- Significant potential to grow Resource base in 2018 across a number of high grade prospects
- Arguably the best logistics chain to Asia and supporting infrastructure of any Australian lithium project, providing significant strategic advantages
- Enterprise Value of less than $30 million offers significant leverage to the development of the Finniss Lithium Project and ongoing exploration programs
To view the full presentation, please visit:
http://abnnewswire.net/lnk/2ZIN4EXC
About Core Lithium Ltd
Core Lithium Ltd (ASX:CXO) is an Australian hard-rock lithium company that owns the Finniss Lithium Operation on the Cox Peninsula, south-west and 88km by sealed road from the Darwin Port, Northern Territory. Core's vision is to generate sustained shareholder value from critical minerals exploration and mining projects underpinned by strong environmental, safety and social standards.
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