Core Lithium Ltd

ASX-listed Core Lithium Ltd (ASX: CXO) is well positioned to be Australia’s next lithium producer, developing one of Australia’s most capital efficient and lowest cost spodumene lithium projects located near Darwin Port in the Northern Territory, Australia.

Core’s 2019 Definitive Feasibility Study (DFS) highlights production of 175,000tpa of high-quality lithium concentrate at a C1 Opex of US$300/t and US$50M Capex through simple and efficient DMS (gravity) processing of some of Australia’s highest-grade lithium Mineral Resources.

Core is currently working toward increasing Mineral Resources, Ore Reserves and mine-life ahead of being shovel-ready at the Finniss Project in the second half of 2020, with first lithium production scheduled within 15-months of commencing construction.

The Finniss Lithium Project has arguably the best supporting infrastructure and logistics chain to Asia of any Australian lithium project. The Finniss Lithium Project is within 25km of port, power station, gas, rail and 1 hour by sealed road to workforce accommodated in Darwin and importantly to Darwin Port – Australia’s nearest port to Asia.

Core has already established binding offtake and is in the process of negotiating further agreements within the lithium battery supply chain and electric vehicle industry.

Core Lithium has an experienced and proven team of directors and management with excellent skill sets for driving value growth in the mining industry. They have worked together successfully both as a team and separately in a number of listed mining companies on the ASX.