Ann: Core Acquires New NT Lithium Project, page-4

ASX:CXO Announcement
11 April 2022
Core acquires new NT lithium project near Finniss
Highlights
• Core Lithium has entered into a binding agreement to acquire
the Shoobridge Project EL31407 ("Shoobridge"), located approx.
80km SSE of the Finniss Lithium Project
• Shoobridge contains historic pegmatite tin-tantalum surface
workings which have not been tested for their lithium potential
• The acquisition of Shoobridge is consistent with Core's
objective of continuing to increase lithium resources
Australia's next lithium producer, Core Lithium Ltd ("Core" or "Company") (ASX:
CXO), is pleased to advise that it has entered into a binding Tenement Sale and
Purchase Agreement ("the Agreement") with Newmont Exploration Pty Ltd, a
subsidiary of gold producer Newmont Corporation, to acquire the Shoobridge
Project (EL31407) ("Shoobridge Project").
The Project is located approximately 80km south-southeast of the Company's 100%-
owned Finniss Lithium Project ("Project") near Darwin in the Northern Territory.
Completion of the sale and purchase of the Shoobridge Project is subject to NT
Ministerial consent.
The Shoobridge Project is located in the Pine Creek Orogen in the NT and lies within
the Tipperary pegmatite district, including the Shoobridge pegmatite field and the
Plateau Point pegmatite field (Figure 1). The Shoobridge pegmatites have been
exploited for their tin and tantalum, and are the site of the first discovery of tin-
bearing pegmatites in the NT in 1882 (Frater, 2005).
Importantly, the pegmatites are considered analogous to those in the Bynoe
pegmatite district and are therefore complementary to the Company's lithium
portfolio in the Northern Territory.
Core will be the first company to explore and drill these prospective, potentially
lithium-rich pegmatite systems for economic spodumene lithium mineralisation.