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Core Lithium Ltd ( (AU:CXO) ) has shared an announcement.
Core Lithium Ltd has announced an updated Ore Reserve Estimate for its Carlton deposit, part of the Finniss Lithium Project, which increases the total Finniss Ore Reserves by 42% to 15.2 million tonnes at 1.26% Li2O. This update enhances the company’s Restart Study mine schedule, now 87% backed by Ore Reserves, and supports potential future expansion, offering increased confidence in the project’s long-term viability and operational flexibility.
The most recent analyst rating on (AU:CXO) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
More about Core Lithium Ltd
Core Lithium Ltd is a company operating in the lithium industry, primarily focused on the exploration and development of lithium projects. Its main project, the Finniss Lithium Project, is located in the Northern Territory of Australia and is strategically positioned near the Darwin Port. The company is dedicated to expanding its lithium resources to support future operations and market demands.
Average Trading Volume: 11,318,902
Technical Sentiment Signal: Sell
Current Market Cap: A$254.2M
Learn more about CXO stock on TipRanks’ Stock Analysis page.