CXO core lithium ltd

11.2%

9.9¢

Ann: New High-grade Lithium Drill Results within 20km of Grants, page-37

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manny100

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08/11/24

03:30

Post #: 76508688
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Originally posted by RedRooster2: ↑

The Charger Managing Director got my attention with his comments in the announcement they released today regarding the company exercising its pre-emptive rights to acquire the remaining 30% of the Bynoe Project.
"We are very pleased to move to 100% of our Bynoe Project. Covering an area of 63km2 and with more than 20 prospective lithium targets yet to be drill tested, we believe it's the largest underexplored area of the Finniss pegmatite field that is both inside the lithium-prospective structure corridor and within 20km of Core's spodumene beneficiation plant at Grants.
Last quarter, Core was actively drilling directly along trend from some of our priority target areas, such as at their central Blackbeard Prospect as well as regional targets surrounding the Ah Hoy Prospect to the northeast of our Bynoe tenement.
In particular, Core announced yesterday excellent intersections at Blackbeard."
(I put in the bold)
Those Blackbeard results are starting to sink in with me, they are impressive and just so important for company in this stage.
I know he has to be positive to shareholders after spending half a million dollars, but I get the distinct impression with his cordial references to Core that there may be an understanding between the two companies going forward and that makes sense given the position of the tenements both companies have in the NT.
If there is a mutual understanding, I would dearly love to know how both managements perceive how it could all play out, especially with Core holding a big chunk of Charger shares and already having infrastructure in place in the area and obviously a far, far more advanced story on the ground and in the bank account?
Like this situation for Core you would think that they hold the cards at this point and if I held shares in Charger (I might soon) that you would be feeling a little uncertain just now, interesting setup on the map and on the market - anticipating some action in near term or after Charger completes further exploration of Bynoe.
My opinion and GLAH.

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One sure thing is that those managing Charger for a living have a better knowledge of lithium and lithium in the NT than punters on these threads.
Charger is excited by Blackbeard's drilling results and is backing in nearology.

CXO Price at posting: 10.5¢ Sentiment: None Disclosure: Held
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