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Core Lithium Ltd ( (AU:CXO) ) has issued an announcement.
Core Lithium Ltd has repositioned its Finniss Lithium Project as a low-cost, high-margin underground mining operation with a 20-year life span, following the completion of a Restart Study. The company has simplified its process flowsheet, reduced operating costs by 33%, and increased production by 7%, while also finalizing the acquisition of its crushing plant to reduce future costs. Core ended the financial year with $23.5 million in cash, having reduced liabilities and strengthened its financial position. The company is progressing with a strategic funding process to advance the Finniss project, aiming to minimize shareholder dilution and enhance balance sheet 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 an Australian company operating in the lithium industry. It focuses on the production of lithium concentrate, primarily through its Finniss Lithium Project, which is positioned as a low-cost underground mining operation with a 20-year lifespan.
Average Trading Volume: 14,465,163
Technical Sentiment Signal: Sell
Current Market Cap: A$235.7M
See more insights into CXO stock on TipRanks’ Stock Analysis page.