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Core Lithium Ltd ( (AU:CXO) ) just unveiled an update.
Core Lithium Ltd has announced an update to the Ore Reserve and Mineral Resource Estimate for its Finniss Lithium Project, with a significant increase in the Grants Reserve and a move to underground mining to access more material and reduce costs. The updated Ore Reserve, which now totals 10.73 million tonnes at 1.29% Li2O, underpins the first ten years of production and supports the potential for a longer mine life, highlighting the significant resource potential across the company’s tenement package.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.11 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 mining industry, focusing on the exploration and development of lithium projects. Its primary product is lithium, and the company is primarily focused on the Finniss Lithium Project located in the Northern Territory, Australia.
Average Trading Volume: 7,028,264
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$156.4M
See more data about CXO stock on TipRanks’ Stock Analysis page.