News: CXO Core Lithium Ltd - Global Institutions Back Core Lithium $40 Million Placement, page-2

Core raises $40 million to advance development of the Finniss Lithium Project
in placement to global institutional investors

• Project substantially de-risked with funding through to construction,
anticipated to commence prior to year-end, subject to FID

• Core well capitalised to accelerate resource drilling,
further increase mine life,
advance spodumene project development and
preliminary LiOH design

• Shares placed to a select group of high-quality global institutional investors, primarily in North America, Europe and Australia

Demand for the Placement well exceeded the shares to be issued
to a select group of new high-quality institutional investors,
primarily located in North America, Europe and Australia,
aligned with the Company’s vision of soon becoming Australia’s next lithium producer.