What this does show is that Core is not one of the companies that PLS is watching closely. Given the restart proposal involves additional investment in plant, Development is probably the best category for Core of the three categories they seem to be using of Production, Development and Exploration.
The fact you can create a list like this and not have Construction as a category is telling in itself as to the state of the market. You have 11 projects that range from modestly larger to a lot larger than Core's resource that are in Production. These are typically all the big deposits but the discovery rate for new big deposits is low. Most of the list PLS has compiled is medium, small and very small deposits. While these might come into production, they don't have the same impact on adding supply to market as when the big projects based on near 100Mt (or bigger) resources do. Lithium is entering a new phase.
If you go through the larger non-production projects, many are still yet to release DFS's and are clearly not FID ready yet. It will be at least several years before they are potentially adding supply to the system. Those with the quickest timeline are probably Core's Finniss and Rio's Whabouchi projects because both relate to existing operations having modifications before restart.
Note - this list is missing most African deposits and also the WA Andover deposit which will make an immediate appearance a long way up this list when a JORC is ultimately released.
CXO Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held
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