Finniss Definitive Feasibility Study and Maiden Ore Reserve Highlights
• Finniss Lithium Project (Project or Finniss) Definitive Feasibility Study (DFS) confirms that Core Lithium Ltd (Core) is well positioned to be the next lithium producer in Australia
• DFS focussed on the development of Ore Reserves within the first two orebodies at Finniss (Grants and BP33) over an initial 3.5 year period
• Mining high-grade Ore Reserves of 1.4% Li2O combined with exceptional spodumene metallurgy enable Core to produce high quality, coarse concentrate using simple gravity DMS processing
• Project comprises a low risk, open pit mining operation and DMS processing up to 180,000 tpa of high-quality lithium concentrate with robust margins
• Excellent DFS economics are reflected in the high Pre-Tax Nominal IRR of 80%, NPV of A$114 million and free cash flows of A$158 million from revenue of A$501 million
• Low start-up capital costs of A$73 million (including pre-production mining costs for Grants) and strong cash flows enable quick payback of 1.5 years and confirms Finniss as one of Australia’s lowest capital intensity projects
• C1 FOB Operating Costs of US$300/t concentrate (A$429/t) generates a robust operating margin of more than US$300/t on low case pricing assumptions
• Significant potential upside to economics remains through conversion of more Mineral Resources into Ore Reserves (including BP33) and through Core’s ongoing exploration in the broader Finniss Project
• Further Project expansion and increase of Mineral Resource category confidence and integration of the nearby Mineral Resources including Carlton, Hang Gong, Booths-Lees and regional exploration planned in 2019
• Financing discussions advancing with debt markets and strategic financiers • Over one third of Project Capex can be met with US$20 million pre-payment (A$29 million) commitment by Core’s largest shareholder - and major Chinese lithium producer - Yahua Group
• Regulatory approvals, Offtake and Finance discussions progressing to support rapid construction timetable commencing 2H 2019 toward ramping up commercial production 1H 2020
- Forums
- ASX - By Stock
- CXO
- Ann: Core Definitive Feasibility Study Presentation
Ann: Core Definitive Feasibility Study Presentation, page-2
-
- There are more pages in this discussion • 229 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CXO (ASX) to my watchlist
|
|||||
Last
9.4¢ |
Change
0.001(1.08%) |
Mkt cap ! $200.8M |
Open | High | Low | Value | Volume |
9.4¢ | 9.7¢ | 9.3¢ | $1.039M | 10.90M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 788327 | 9.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 42707 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 693221 | 0.094 |
28 | 1890077 | 0.093 |
25 | 1844773 | 0.092 |
37 | 2598885 | 0.091 |
62 | 4196782 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.096 | 331260 | 3 |
0.097 | 153609 | 3 |
0.098 | 641349 | 8 |
0.099 | 1475891 | 6 |
0.100 | 3341029 | 23 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online