Core Exploration (ASX:CXO) found high-grade Lithium about 90km south of Darwin NT. The 100% CXO owned Finniss Lithium Project contains 3.45 Mt at 1.5% Li2O.
This is said to be one of the highest undeveloped Lithium deposits in Australia.
“Core is in the final stages of completing a Pre-Feasibility Study (“PFS”) for the development ofa spodumene concentrate and direct shipping ore operation from the Grants Lithium Depositand expects to deliver the PFS later this quarter”
Over half of the Grants Lithium Resource is now contained in the Indicated category.
“The Finniss Project has substantial infrastructure advantages; being close to grid power, gas and rail and within easy trucking distance by sealed road to Darwin Port – Australia’s nearest port to Asia.”