• Open pit mining commenced at Grants with first shipment on track for December.
• Underground decline development at BP33 started, with first ore expected mid-2027.
• Agreements executed for the sale of ~45kt of lithium fines, providing near-term cash flow.
• Logistics chain fully operational, with first shipment completed.
• Exploration program started to target a maiden Mineral Resource Estimate.

Core Lithium Ltd reported substantial progress in its Finniss Lithium Operation during the June quarter. Key developments included the commencement of open pit mining at Grants, with the first shipment of newly produced product expected in the December quarter. Underground decline development at BP33 also began, with the portal cut completed in June. The company executed agreements for the sale of approximately 45,000 tonnes of lithium fines, providing near-term cash generation. The logistics chain was fully operational, with the first shipment of stockpiled lithium fines and spodumene concentrate completed through Darwin Port. An exploration program was initiated to target a maiden Mineral Resource Estimate at the Blackbeard prospect. Additionally, the company strengthened its tenement package through the acquisition of the Bynoe Lithium tenement. Core also completed Tranche 2 of its A$120 million equity raising and received Tranche 1 of the US$26 million Convertible Note funding. The company's cash balance increased to A$181.8 million at the end of June 2026.