Core Lithium LtdASX: CXO

Updated Ore Reserve at Carlton

· Issued by Core Lithium Ltd

Filed with ASX · · 40 pages · English

Summary by 6ix AI

Core Lithium Ltd has released an update on the Ore Reserve at its Carlton deposit, which is part of the Finniss Lithium Project, highlighting a significant increase in total Ore Reserves. The updated estimate shows a substantial rise in the total Ore Reserves, now totaling a specific amount of lithium ore, which enhances the project's viability and supports future expansion plans. This update is expected to de-risk the Restart Study mine schedule and indicates a higher confidence level in the project's operational timeline. The announcement emphasizes the potential for further exploration to extend the Carlton deposit, which remains open at depth.

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