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Core Lithium Ltd.
Summary
| Project: | Finniss | |
|---|---|---|
| Deposit: | Finniss | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 6/15/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 15-6-2020: Core Lithium Ltd. announces a Resource Estimation report for its Finniss deposit at the Finniss project. Updated Mineral Resource Estimate for Project. Advanced Australian lithium developer Core Lithium Ltd (Core or Company) (ASX: CXO) is pleas | |
| Resources: | (Resources, M+I+I): 14.72Mt @ 1.32% Li2O | |
| CP/QP: | [Resource] Graeme McDonald (Independent) | |
| ABSTRACT: | Advanced Australian lithium developer Core Lithium Ltd (Core or Company) (ASX: CXO) is pleased to announce that the new Mineral Resource Estimate (MRE) for the Company’s wholly owned Finniss Lithium Project in the Northern Territory (Finniss Project) has increased by over 50% to 15Mt @ 1.3% Li2O. (Table 1). The Measured and Indicated Resource categories have increased by 150% to 7.62Mt @ 1.41% Li2O. More than half of the MRE is now in the higher confidence Measured and Indicated categories. The increased proportion of Measured and Indicated Resources positions Core well for further conversion of these new Mineral Resources to Ore Reserves over the coming weeks. SRK Consulting was commissioned by Core to conduct an independent review of the MRE’s at BP33 and Carlton. SRK has concluded that the MRE’s are suitable representations of these deposits, and there are no material issues that impact the total tonnes and grades estimated. | |
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