Quarterly Activities Report
Adelaide, July 31, 2018 AEST (ABN Newswire) - The Board of Core Exploration Ltd (
ASX:CXO) ("Core" or "Company") is pleased to present its Quarterly activities report for the Period ended 30 June 2018.
Highlights
Core has taken a major step forward during the reporting period in its goal to become a major Australian lithium producer through the delivery of its Pre-Feasibility Study (PFS) for the Grants Lithium Deposit, a key component of the Company's wholly-owned Finniss Lithium Project, located near Darwin in the Northern Territory.
During the reporting period Core also:
- Upgraded the Resource for its Grants Lithium Deposit which more than doubled the size of the Indicated Resource and substantially increased the Resource confidence
- RC and diamond core infill drilling continue to demonstrate the remarkable consistency of high-grade spodumene intersections and capacity to increase the resource at the Grants Deposit
- Established a maiden Mineral Resource estimate for the BP33 Lithium Deposit, which further increased the overall Mineral Resources of the Finniss Lithium Project in the Northern Territory to 3.45 million tonnes @ 1.4% Li2O
To view the full report, please visit:
http://abnnewswire.net/lnk/6PJX9IU0
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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