Benchmark World Tour Presentation
Adelaide, Sep 19, 2018 AEST (ABN Newswire) - Core Exploration Ltd (
ASX:CXO) provides the Company's Benchmark World Tour Presentation.
CORE EXPLORATION ON PATHWAY TO PRODUCTION
- Finniss Project is unlocking a new lithium rich province in the Bynoe Pegmatite Field, near Darwin
- Low risk, conventional, open pit mining operation with simple metallurgy
- Favourable project characteristics gives rise to high margins and a rapid payback
- Enterprise value of approximately $20 million offers substantial leverage to development and exploration
- Arguably the best logistics chain to Asia and supporting infrastructure of any Australian lithium project, providing significant strategic advantages
- Capex of only $53.5 million - US$20 million already committed by major lithium offtake partner, Yahua Group and project fully funded when combined with the Ruifu US$35 million (see Note below) pre-payment facility
- Preliminary Feasibility Study (PFS) now complete, Definitive Feasibility Study (DFS) scheduled for delivery by the end of 2018
Note: U$35M non-binding term sheet subject to negotiation and finalisation of binding documentation (ASX 30/7/2018)
To view the full presentation, please visit:
http://abnnewswire.net/lnk/0B722F9S
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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