CXO 6.67% 9.8¢ core lithium ltd

Ann: Finniss Lithium Project Update, page-45

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  1. 7,509 Posts.
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    Alright, having let out my frustrations I thought I'd try to pick out some positive-sounding statements from the announcement and then let the negativity rest, since other than sell at a loss there's not much else to do.

    DFS update aimed to maximise Project outcome without delaying Core’s capability to achieve target FID

    ...and can be ready if the world economy recovers sooner than expected.

    Optimising open pit and underground mining has the potential to minimise the prestrip start-up capex and overall stripping ratio.
    Extending mining of the Grants orebody also has the potential to push back
    development capex needed to develop the BP33 orebody.

    A focused resource drilling campaign is expected to commence next month, including at BP33 (September I assume)

    The power supply costs for the Finniss Project are expected to decrease as a result as
    well as benefit the community with potential for additional future grid connections
    along Cox Peninsula Road.

    Core continues to receive growing interest from new parties and is close to completing additional binding offtake and customer project finance agreements.



 
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