Core Lithium Ltd ( (AU:CXO) ) has provided an update.
Core Lithium Ltd reported significant progress in its March 2025 quarterly activities, including the advancement of the Restart Study for the Finniss Lithium Project, which is on track for completion by June. The company transitioned to full ownership of site infrastructure, reducing care and maintenance costs and supporting a lower-cost restart model. Exploration efforts at Shoobridge revealed a large, shallow gold system, and plans are underway to test the Blackbeard discovery at Finniss. Financially, Core Lithium maintained discipline with cash outflows in line with expectations, ending the quarter with $29.8 million in cash. The acquisition of the crushing circuit and transition to full infrastructure ownership are expected to yield significant cost savings and operational flexibility, aligning with the company’s goals for a leaner and more resilient operation.
More about Core Lithium Ltd
Core Lithium Ltd is an Australian company operating in the lithium industry. The company focuses on lithium mining and exploration, with primary operations at the Finniss Lithium Project. Core Lithium aims to optimize its mining and processing capabilities to strengthen its market position and reduce operational costs.
YTD Price Performance: -22.00%
Average Trading Volume: 30,405
Technical Sentiment Signal: Buy
Current Market Cap: $98.48M
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