Advanced Australian lithium developer, Core Lithium Ltd (Core or Company) (ASX: CXO), is pleased to provide an update on exploration activities and results from the Finniss Lithium Project (Finniss Project) near Darwin in the Northern Territory.


Highlights

  • Broad and high-grade lithium intersections continue to be delivered at the Finniss Lithium Project near Darwin in the NT
  • Two recent deep diamond drill holes at BP33 have produced high grade spodumene-rich intersections including:
    • 57.35m @ 1.83% Li2O in NMRD016
    • 51.0m @ 1.63% Li2O in FRCD023
  • Significant southern extension to spodumene bearing pegmatite at BP33 identified in additional reverse circulation and diamond drilling
  • Intersections outside of the current Mineral Resource at BP33 expected to deliver substantial extensions
  • Further drilling planned at BP33 for the coming field season
  • Expanded exploration and resource drilling to recommence and ramp-up in early Q2 2022 across the Finniss Project
This update provides results and assays for drilling undertaken at the BP33 deposit throughout the 2021 field season. Drilling included deep mineral resource extensional drilling below existing BP33 mineralisation, as well as two diamond holes drilled to collect samples for variability metallurgical testwork and a small program of reverse circulation (RC) drilling to test for a southern extension to the pegmatite hosting mineralisation at BP33.

This article includes content from Core Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

CXO:AU

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