Finally a positive announcement from Core - well done management.
I'm excited about Seadog prospect 1.4 MT at 1.2% Li2O from only 17 RC holes with 3,226m of drilling. Compare this with Lees & Booths 30,853m of drilling. Seadog resource starts from 100m onwards (FRC387 64m @ 1.77% Li2O) , currently modelled at depth to 350m (reminder BP33 is 800m) and remains open down dip and to the east. Seadog is 600m from Ah Hoy as well.
Just to recap for newbies out there...
18/4/23: 2022 drilling MRE resource increase by 62% to 30.6 MT
11/4/24: 2023 drilling (todays announcement) - MRE resource increase by 58% to 48.2 MT
I reckon next year April 2025 will be key milestone for Core. Given exploration focus on larger standalone deposit, a similar drilling program can increase MRE resource by ~60% i.e. 75 MT+. This will be game changer. Based on Core's drilling history we know this will happen. There are not many 50 MT+ lithium resource in Australia right now that is producing. IMO Core has just become a likely take over target!
Finally a positive announcement from Core - well done...
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