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Core Lithium Ltd ( (AU:CXO) ) has shared an update.
Core Lithium has delivered an updated mine plan and Ore Reserve for the Grants deposit within its Finniss Lithium Project, lifting total project reserves to 15.6Mt at 1.27% Li2O and enabling first ore within a month of operations while cutting pre-production capital by an estimated $35–$45 million. Technical and engineering work to support a final investment decision and restart at Finniss is progressing alongside a strategic funding process with interested partners, underpinned by a strengthened balance sheet with $48.7 million in cash, resolution of all offtake and onerous contracts, divestment of non-core uranium assets for up to $5 million plus royalty exposure, and ongoing care-and-maintenance and dewatering preparations that position the project to respond quickly to improving lithium market conditions.
The most recent analyst rating on (AU:CXO) stock is a Buy with a A$0.40 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 an Australian lithium miner focused on the Finniss Lithium Project in the Northern Territory, producing and developing spodumene concentrate for the global battery and electric-vehicle supply chain. The company also manages a broader portfolio of exploration tenements and previously held non-core uranium assets, reflecting a strategic focus on lithium as its primary commodity exposure.
Average Trading Volume: 27,926,652
Technical Sentiment Signal: Hold
Current Market Cap: A$744.9M
For detailed information about CXO stock, go to TipRanks’ Stock Analysis page.