viewCore Lithium Ltd

Core Lithium enters trading halt pending news on capital raising

The company aims to increase its resource by 2-3 times, extend reserves and mine life to over 7 years and continue to make new exploration discoveries.

Core has increased Finniss’ resource base by more than 500% since the start of 2018

Core Lithium Ltd (ASX:CXO) has been granted a trading halt by the ASX pending an announcement on an upcoming capital raising.

The company’s shares will remain halted until the earlier of an announcement being released to market or the start of trade on Wednesday, June 5.

READ: Core Lithium reveals possible new revenue source from Finniss project

Core is focused on developing the Finniss Lithium Project in the Northern Territory, targeting annual production of 175,000 tonnes of lithium concentrate set to begin in 2020.

An additional 200,000-250,000 tonnes a year of fine lithium (FL) is forecast to be produced as a by-product of concentration at Finniss’ dense media separation plant.

Expressions of interest from a number of parties for the potential purchase of FL have been received, representing a new revenue source from Finniss.

The project hosts a JORC resource of 9.63 million tonnes grading 1.3% lithium across six deposits.

Quick facts: Core Lithium Ltd

Price: 0.032 AUD

Market: ASX
Market Cap: $25.29 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Core Lithium Ltd named herein, including the promotion by the Company of Core Lithium Ltd in any Content on the Site, the Company receives from...


2 min read