CXO 3.33% 15.5¢ core lithium ltd

Banter and general comments, page-24855

  1. 4,322 Posts.
    lightbulb Created with Sketch. 1285
    Apologies for the above post.
    Im looking forward to theses guys kicking off next month

    • satellite-based mineral exploration services to Core Lithium
    • 12-month partnership effective from May 2023
    • Partnership follows Core’s recent opening of the Finniss Lithium Mine, and capital raising with a strong focus on exploring its lithium projects
    • Follows completion of successful large-scale survey trials at Core’s Finniss Project (NT)
    • ExoSphere sustainably accelerates critical mineral exploration by scanning the Earth with advanced, low-impact sensors, Geodes, connected to the cloud through Fleet’s low-power satellite network.
    Fleet Space Technologies announce a major new contract with Core Lithium. The 12-month agreement, signed [12th October] by Fleet Space co-founder & CEO Flavia Tata Nardini and Gareth Manderson, CEO  at Core Lithium.
    The contract, which comes into effect in May 2023, will see Fleet’s pioneering satellite-based mineral exploration system, ExoSphere, deployed across Core’s tenements in the Northern Territory. Core was also successful in applying for the co-funding of a tenement-wide deployment of Exosphere at its Shoobridge Project in 2022, under round 15 of the Geophysics and Drilling Collaborations program.
    This follows successful results of a collaborative trial between Core Lithium and Fleet Space Technologies at the BP33 prospect. In August 2022 the company jointly announced the successful conclusion of survey trials. In a statement to the ASX (1st August 20223), Core Lithium described the results of the trial as ‘an outstanding success’, noting an ‘excellent correlation with the pegmatite body interpreted from drilling to depths in excess of 500m’ and stating that ‘a number of previously unknown targets have emerged – a major boost for exploration.’
    Core is using ExoSphere to accelerate its lithium exploration activities, in line with its vision to provide high-grade lithium for electric vehicle (EV) and renewable energy storage applications worldwide.
    The successful discovery of lithium, cobalt, copper and nickel is therefore essential to the global transition to clean-air mobility. Global EV demand cannot be met unless the pace of discoveries dramatically increases. The World Economic Forum states that the world’s battery capacity must grow 40 times larger than today to meet capacity demands.
    Developed by Fleet Space at its headquarters in Adelaide, Australia, ExoSphere is a pioneering exploration system that delivers detailed, 3D subsurface images in days rather than months required using conventional techniques. An array of satellite-enabled geophones, called Geodes, use edge computing to analyse ambient seismic noise collected by Ambient Noise Tomography (ANT). Geodes are up to 10 times more sensitive than existing nodal geophones, increasing both accuracy and depth of results. This data is then rapidly processed and transmitted through Fleet’s low power satellite network.
    Crucially, what ExoSphere can do for Core, by enabling direct detection of pegmatites, is to increase the probability of success in drilling, resulting in less drilling, less cost, less time to discovery and less environmental disturbance.
    The contract includes the Geodes, planning and deployment support, and real-time processing and delivery of 3D shear velocity models for one year.
 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
(20min delay)
Last
15.5¢
Change
0.005(3.33%)
Mkt cap ! $331.2M
Open High Low Value Volume
15.0¢ 15.5¢ 14.8¢ $951.9K 6.267M

Buyers (Bids)

No. Vol. Price($)
35 2108694 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 525255 13
View Market Depth
Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
15.3¢
  Change
0.005 ( 0.33 %)
Open High Low Volume
15.0¢ 15.5¢ 14.8¢ 3704716
Last updated 15.59pm 16/05/2024 ?
CXO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.