The total ore reserve for Core Lithium’s BP33 lithium project has increased by 223 per cent, providing a strong footing for the project’s restart.
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Core Lithium has revealed assay results from 21 of 28 recently completed drill holes, which includes a standout intercept of 2m at 12.9 grams per tonne (g/t) gold from 54m.
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Core Lithium has changed tack after its initial bid for Charger Metals was rejected, and will now acquire a portion of the company through a deal with Charger’s joint venture partner.
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Core Lithium has been busy as its Napperby uranium deposit in the Northern Territory, with approvals underway to extend the resource even further.
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Core Lithium has started drilling at its Finniss lithium project in the Northern Territory, with a focus on expanding the project through the discovery of new resources.
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Charger Metals has received an unsolicited non-binding takeover offer from Core Lithium, with the latter keen on Charger’s Bynoe lithium project in the Northern Territory.
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Core Lithium has closed out the June 2024 quarter with its run of mine (ROM) stockpile fully depleted and all processing activities completed in line with expectations.
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Core Lithium has begun drilling at its 100 per cent owned Shoobridge project in the Northern Territory, the first company to explore and drill for lithium in the area.
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Core Lithium has experienced a “challenging” quarter, following the suspension of early works at the BP33 project and mining activities at the Grants open pit.
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Core Lithium produced 49,529 tonnes (t) of spodumene concentrate during the first half of the 2023–24 financial year (H1 FY24), amid the global lithium downturn and the resignation of its chief executive officer (CEO).
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Core Lithium welcomed a 39 per cent increase in spodumene concentrate production for the final quarter of 2023 as it prepares its BP33 and Grants projects in the Northern Territory for shutdown.
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