New Ore Reserve Increase Significantly Extends Finniss Project Life
Advanced Northern Territory lithium developer, Core Lithium Ltd (ASX: CXO) (Core or
Company), is pleased to announce a significant increase in the Ore Reserves and, as a
result, Life of Mine (LOM) for the Company’s wholly owned Finniss Lithium Project in the
Northern Territory (Finniss Project).
Total Ore Reserves now stand at 5.7 million tonnes (Mt), which supports a 7-year LOM
assuming open pit mining methods at the Grants deposit and underground mining
methods at the BP33 and Carlton deposits (Table 1).
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