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Core Lithium Ltd.
Summary
| Project: | Finniss | |
|---|---|---|
| Deposit: | BP33 | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 3/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 27-3-2019: Core Lithium Ltd. announces an Exploration/Drilling Update report for its BP33 deposit at the Finniss project. Drilling results incl. 76.0m @ 1.78% Li2O from 149.0m. Emerging Australian lithium developer, Core Lithium Ltd (ASX: CXO) (“Core” or | |
| Resources: | (Resource, Total): 8.85Mt @ 1.3% Li2O for 119.7Kt Li2O contained at Finiss project | |
| CP/QP: | [Overall Report]: Stephen Biggins (Internal) | |
| ABSTRACT: | Emerging Australian lithium developer, Core Lithium Ltd (ASX: CXO) (“Core” or the “Company”), is pleased to announce new high-grade lithium results from drilling at the BP33 deposit within the wholly-owned Finniss Lithium Project (“Finniss”), located near Darwin in the Northern Territory. Drill intersections include outstanding lithium grades approximating 1.8% Li2O over broad intersections exceeding 70m in length, confirming the consistent and high-grade nature of the BP33 lithium orebody. These exciting new results are from a short RC and diamond drilling campaign carried out last month at BP33. These last results from BP33 are important to increasing the high level of confidence in the orebody and the accuracy of the input and outcomes of the DFS. Core is in final stages of studies to enable completion of the DFS. These last stages of work will be completed over coming weeks, to enable the Company to be in a position to release the DFS report before the end of April. The Finniss Project comprises over 500km2 of granted tenements over the Bynoe Pegmatite Field, near Darwin. Exploration and Mineral Resource drilling to date have confirmed that potential ore-grade lithium mineralisation is widespread within the Finniss Project, and Core’s drilling in 2018 and into early 2019 has the potential to substantially grow the Mineral Resource base to underpin a potential long-life lithium mining and production operation | |
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