• Restart Study for Finniss Lithium Project on track for June quarter completion
• Transition to 100% ownership of site infrastructure to reduce costs and support lower-cost restart
• Exploration confirms potential for large, shallow gold system at Shoobridge

Core Lithium Ltd (ASX: CXO) has provided its quarterly activities report for the quarter ended 31 March 2025. The company's key achievements include: The Restart Study for the Finniss Lithium Project remains on track for completion in the June quarter, with optimisation work advancing across mining and processing. Core has also transitioned to 100% ownership of all site infrastructure, reducing care and maintenance costs and supporting a lower-cost restart model. The company ended the quarter with $29.8 million in cash. Exploration continued to deliver, with final assay results from Shoobridge confirming the potential for a large, shallow gold system, including standout intercepts of 14.2m @ 1.36g/t Au and 46m @ 0.75g/t Au. At Finniss, drilling plans are underway to test the Blackbeard lithium discovery. Core's CEO Paul Brown commented that the quarter saw strong momentum across the company's priorities, including progressing the Restart Study, maintaining site readiness, and delivering high-impact exploration results.

Core Lithium is finalizing its Finniss Lithium Project Restart Study, which is expected to be completed in the June quarter of 2025. The study is identifying opportunities to simplify the design, cut costs, and boost recovery without needing a flotation circuit, positioning the project for a more competitive and resilient lithium operation.