CXO 10.0% 11.0¢ core lithium ltd

Banter and general comments, page-38983

  1. 2,778 Posts.
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    "Bloody small MRE when compared to peers like WC8 or even DLI."
    Strange comment.

    Core's last released MRE was on 11 April 2024 being 48.2Mt @ 1.26% (11 separate deposits). Delta's last released MRE was a few months earlier on 27 Dec 2023 was 40.4Mt @ 1.1% (8 deposits split across two geographically separate sites).

    Core has a bigger MRE than the last release by Delta so I'm not sure what your game is in calling it "bloody small". Its hard to compare either to WC8 because they haven't yet released a JORC resource.

    The installed plant at Wildcat is - nothing. The installed plant at Mt Ida is - nothing. The installed plant at Yinnetharra is - nothing. Those projects are most likely years away from producing their first concentrate. Core if they wanted could be back in production of concentrate in a few months if they decided the time was right to be in production.

    The installed plant at Finniss is a fully working and commissioned DMS plant with a throughput of ~1Mtpa. There all the other facilities necessary for a company to enter production including site offices, tailings ponds, water management ponds, ROM pad etc. Some of these have been constructed for the 2nd deposit (BP33). The MRE of 48.2Mt is highly sufficient for the current installed capacity.
    Last edited by WhatsTheTip: Today, 19:27
 
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