CXO 5.10% 9.3¢ core lithium ltd

Ann: Finniss Lithium Resource increased by over 50%, page-3

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    Highlights • 52% increase to new Finniss Lithium Mineral Resource Estimate (MRE) to 15Mt at 1.3% Li2O; • Measured and Indicated Mineral Resource increased by 150% to 7.62Mt @ 1.41% Li2O to add significant potential to increase mine-life for the newly approved Finniss Lithium Project; • New MRE is expected to provide a material increase in the Ore Reserve classification when finalised later in June; • Mining studies targeting a 7-10 year mine-life are expected to be completed in June and will be used to update the Project Feasibility Study; • Further offtake negotiations and financing plans accelerating as markets continue to improve; • Additional reserves and resources can be added to the Finniss Project with further drilling in 2020; • Core at the front of the line of new global lithium production.
 
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