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Core Lithium Ltd
(Sydney:CXO)
Core Lithium Ltd (CXO) vs. iShares MSCI Australia ETF (EWA)
Core Lithium Ltd Business Overview & Revenue Model
Core Lithium Ltd Earnings Call Summary
Core Lithium Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -2.42M | -2.42M | 189.49M | 50.60M | 0.00 | 0.00 |
| Gross Profit | -3.01M | -3.01M | 30.90M | 30.61M | -116.13K | -136.81K |
| EBITDA | -14.38M | -14.38M | -163.06M | 15.56M | -7.25M | -2.77M |
| Net Income | -23.37M | -23.37M | -207.01M | 10.81M | -7.47M | -2.91M |
Balance Sheet | ||||||
| Total Assets | 268.44M | 268.44M | 323.96M | 503.14M | 261.85M | 73.19M |
| Cash, Cash Equivalents and Short-Term Investments | 24.06M | 24.06M | 88.18M | 152.95M | 135.39M | 38.19M |
| Total Debt | 2.91M | 2.91M | 3.53M | 22.94M | 2.09M | 102.34K |
| Total Liabilities | 34.16M | 34.16M | 67.09M | 148.22M | 23.13M | 1.88M |
| Stockholders Equity | 234.28M | 234.28M | 256.87M | 354.92M | 238.72M | 71.31M |
Cash Flow | ||||||
| Free Cash Flow | -63.34M | -63.34M | -165.17M | -74.80M | -75.44M | -10.34M |
| Operating Cash Flow | -43.93M | -43.93M | -77.94M | 90.81M | -6.22M | -2.34M |
| Investing Cash Flow | -19.85M | -19.85M | -88.64M | -171.62M | -70.56M | -8.37M |
| Financing Cash Flow | -626.00K | -626.00K | 102.39M | 97.79M | 173.87M | 40.20M |
Core Lithium Ltd Technical Analysis
Core Lithium Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | AU$431.89M | -28.85 | -5.18% | ― | ― | 47.15% | |
49 Neutral | AU$625.22M | -21.56 | -9.40% | ― | -100.00% | 89.10% | |
49 Neutral | AU$72.44M | -7.01 | ― | ― | ― | -268.97% | |
45 Neutral | AU$41.85M | -33.33 | ― | ― | ― | 96.00% | |
43 Neutral | AU$41.44M | -6.89 | -13.86% | ― | ― | -12.34% |
Core Lithium Ltd Corporate Events
Core Lithium Ltd has issued 2,000,000 new ordinary shares at A$0.224 per share following the exercise of previously unquoted options. The shares were issued without a prospectus under the Corporations Act’s disclosure exemptions, with the company confirming it remains compliant with its continuous and financial reporting obligations and that there is no excluded information that would need to be disclosed to the market, signalling a routine capital structure adjustment rather than a change in strategic direction.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium Ltd has applied to the ASX for quotation of 2,000,000 new ordinary fully paid shares, to be issued on 2 February 2026 following the exercise or conversion of existing options or other convertible securities. The modest increase in issued capital reflects ongoing equity-based activity and may incrementally enhance liquidity in CXO shares, though it does not signal a major change in the company’s capital structure or operational strategy at this stage.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium Ltd has notified the market that 2,775,238 performance rights (ASX code CXOAA) have lapsed after the conditions attached to these securities were not met or became incapable of being satisfied as of 24 January 2026. The cessation of these conditional rights slightly reduces the company’s potential future issued capital and may be seen as an adjustment to its equity-based incentive structures, with limited immediate impact on existing shareholders but some implications for management and staff whose incentives were tied to these performance hurdles.
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.
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.
Core Lithium Ltd has responded to an ASX price query, stating it is not aware of any undisclosed information that could explain recent volatility in its share price. The company says it has no additional explanation for the recent trading activity, confirms it is in full compliance with ASX Listing Rules, particularly continuous disclosure obligations, and notes its board has authorised the responses, seeking to reassure investors and regulators about the transparency of its market disclosures.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium has sold its non-core uranium assets, comprising the Napperby, Fitton and Entia projects in the Northern Territory and South Australia, to Elevate Uranium for a total consideration of $5 million in cash and shares, plus a 1.0% net smelter royalty over any production from the Napperby tenement. The divestment, which has now completed, frees up working capital and allows Core to sharpen its strategic focus on restarting its flagship Finniss Lithium Project while retaining some exposure to potential upside from the uranium portfolio via the royalty and its equity stake in Elevate Uranium.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Elevate Uranium has completed the acquisition of Uranium Generation Pty Ltd from Core Lithium, securing a portfolio of uranium assets in Australia’s Northern Territory and South Australia and lifting its global mineral resource inventory to 169 million pounds of U3O8. The deal delivers the Napperby project, which hosts an 8.03 million pound JORC 2012-compliant uranium resource just 25 kilometres from Elevate’s Minerva project, as well as the high‑grade Fitton and Entia exploration projects and four additional tenements, all regarded by the company as underexplored with significant upside. Elevate sees strong technical synergy between Napperby’s shallow, calcrete-hosted mineralisation and its U‑pgade™ process, supported by prior metallurgical test work suggesting the potential to produce a low‑mass, high‑grade concentrate, and argues that the transaction consolidates its Central Australian hub and strengthens its position as a leading ASX‑listed uranium developer in supportive jurisdictions.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium Ltd has announced the issuance of 22,965,389 performance rights and 1,000,000 options as part of an employee incentive scheme. This move is likely aimed at enhancing employee engagement and aligning their interests with the company’s long-term growth objectives, potentially strengthening its position in the competitive lithium market.
The most recent analyst rating on (AU:CXO) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium Ltd announced the results of its 2025 Annual General Meeting, where all resolutions were passed by poll. Notably, the resolution for the 7.1A Mandate was withdrawn due to the company’s market capitalization exceeding $300 million, making it ineligible under the ASX Listing Rule 7.1A. This development reflects Core Lithium’s growing market presence and financial strength, which may positively impact its stakeholders and industry positioning.
The most recent analyst rating on (AU:CXO) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium Ltd has announced updates regarding its Finniss Lithium Project, emphasizing its operational readiness and the associated risks of mineral exploration and development. The company has provided updates on its Mineral Resource and Ore Reserve estimates, which are crucial for stakeholders to understand the project’s potential economic viability. However, the company cautions that these estimates are subject to change and highlights the inherent risks and uncertainties in the mining industry.
The most recent analyst rating on (AU:CXO) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium Ltd’s 2025 AGM highlighted the company’s strategic efforts to revitalize its Finniss Lithium Operations amidst challenging industry conditions. The company completed a Restart Study aimed at reducing costs and enhancing operational efficiency, although a restart decision is pending favorable market conditions and financing. The company strengthened its leadership team and remains committed to community engagement and environmental stewardship. Despite current industry lows, Core Lithium is poised to benefit from future demand growth, maintaining a focus on financial discipline and resource enhancement.
The most recent analyst rating on (AU:CXO) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.
Core Lithium Ltd has announced an updated mine plan for its Grants deposit at the Finniss Lithium Project, which includes transitioning from an open pit to an underground mine. This plan reduces pre-production capital costs by $35-$45 million and increases the Ore Reserve by 33%, enhancing the project’s financial viability and supporting strategic funding efforts.
The most recent analyst rating on (AU:CXO) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Core Lithium Ltd stock, see the AU:CXO Stock Forecast page.