Ann: Core Completes 2020 Lithium Resource Drilling, page-2

ASX:CXO Announcement 16 December 2020 Core Completes 2020 Lithium Resource Drilling Highlights • Core’s 2020 resource drilling program at the Grants Lithium Deposit in the Northern Territory has been successfully completed • Drilling intersections of up to 37m of spodumene pegmatite • High-grade lithium assays from the only hole received to date are in line with resource grade and width: o 17m @ 1.51% Li2O from 295m and o 6.6m @ 1.37% Li2O from 268.4m • Intersections in the Inferred-Indicated transition are of excellent width (+20m) and quality, in line with surrounding drill holes and resource model • New drilling results expected to deliver high conversion of Inferred Resource to Indicated Resource • Grants Mineral Resources and Ore Reserves expected to grow in early 2021 and add to bankable Life of Mine (LOM) • The resource remains open and further underground mining potential at depth • Geological and geotechnical logging of drill core underway with further drill assays to be received in January 2021 ahead of an updated Mineral Resource Estimate at Grants