Adelaide -
Core Exploration Ltd. (ASX:CXO) provides the Company's latest presentation at Mines and Money Conference.
INVESTMENT HIGHLIGHTS
- CXO on a pathway to lithium production - targeting late 2019
- Preliminary Feasibility Study (PFS) nearing completion
o Considering low-capex production of spodumene concentrate, for export from Darwin port
o Development of the high grade (1.5%) Grants deposit initially
- Mining Lease Application and approvals processes commenced
- Binding offtake agreement with Yahua (one of China's largest lithium producers)
o Includes US$20 million prepayment facility
- Resource upgrade at Grants and maiden Mineral Resource at BP33 both imminent
- Significant potential to grow Resource base in 2018 across a number of high grade prospects
- Arguably the best logistics chain to Asia and supporting infrastructure of any Australian lithium project, providing significant strategic advantages
- Enterprise Value of less than $30 million offers significant leverage to the development of the Finniss Lithium Project and ongoing exploration programs
To view the full presentation, please visit:
http://abnnewswire.net/lnk/2ZIN4EXC
About Core Exploration Ltd:
Core Exploration Ltd. (ASX:CXO) aims to grow shareholder value through the exploration for and discovery of commercially robust base metal and uranium deposits in South Australia and the Northern Territory. Core Exploration's projects have been carefully acquired in geology which hosts world-class mines and within some of the most prospective geological terrains for base metals and uranium in Australia.
Contact
Stephen Biggins Managing Director
Core Exploration Ltd.
T: +61-8-7324-2987
E: info@coreexploration.com.au
For broker and media enquiries:
Warrick Hazeldine / Andrew Rowell
Cannings Purple
M: +61-417-944-616 / +61-400-466-226
