Finniss Lithium Resource increased by over 50%
Filed with ASX · · 42 pages · English
Summary by 6ix AI
The new estimate includes a notable rise in the Measured and Indicated categories, indicating enhanced confidence in the resource's quality and potential for future mining operations. This update is expected to positively impact the project's feasibility study and mine life, as further studies are underway to optimize the mining plan. The company is also advancing negotiations for offtake agreements and financing as market conditions improve.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Core Lithium
- Successful SPP Closed Early
- Placement and SPP alongside First European Offtake MOU
- Voluntary Suspension from Official Quotation
- Core Lithium Secures First European Offtake
- Quarterly Activities and Cashflow Report 31 March 2020
Later from Core Lithium
- Increased Ore Reserve Significantly Extends Finniss
- EIA at Grants Extended to 7 Years
- Final payment to LTR of $1.5m cash for Bynoe Acquisition
- Multiple rock-chips above 100g/t Gold at Adelaide River
- Core Lithium joins European Battery Alliance
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