Core Lithium LtdASX: CXO

New Magnetic Survey Adds Sizeable Targets to Ringwood

· Issued by Core Lithium Ltd

Filed with ASX · · 15 pages · English

Summary by 6ix AI

Core Lithium Ltd has announced the results of a new magnetic survey at the Ringwood Pegmatite Prospect, which has identified potential extensions and new targets for lithium exploration. The survey suggests that some pegmatite targets may be significantly larger than previously estimated, with the potential for substantial lithium discoveries. Geochemical sampling has confirmed the presence of lithium in soil anomalies that correlate with mapped pegmatite outcrops, supporting the area's high-grade lithium potential. Core plans to commence drilling at the Finniss Lithium Project as the wet season ends, utilizing a predictive model developed from the new survey data.

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