Nice write up by Barry FitzGerald. Really looking forward to the maiden resource estimate for BP33.
Posting the first part below. Just google the title for the whole article.
"Lithium play Core Exploration could be due for a re-rating with a soon-to-be released maiden resource estimate writes Barry FitzGerald in his weekly Garimpeiro column
The speed and scale of Western Australian lithium project developments has meant Northern Territory lithium specialist Core Exploration has spent the last couple of years in the shadows.
But Core (ASX:CXO) is out to change that in coming months with a strong newsflow set to confirm it’s on its way to becoming a producer from its Finniss project — all of 80km by road from Darwin, or 25km as the jabiru flies.
The near-Darwin location, with all of its attendant logistics and infrastructure, means Core is well-positioned to make the transition to producer status as early as mid-2019 — and at a low capital and operating cost.
Confirmation of that capability in coming months could trigger a re-rating of Core which last traded at 5.2c for a market cap of $32 million.
The ball on a potential re-rating starts rolling with the soon-to-be released maiden resource estimate for the BP33 prospect where Core recent returned an impressive 55m hit grading 2 per cent lithium.
It will be the second resource estimate for the Finniss project, following on as it will from the previously announced 2mt at 1.5 per cent lithium estimate for the Grants deposit."
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