CXO Price sensitive 19 Oct 2026, 9:15 AM

Thick High-Grade Lithium Intersections at Blackbeard

Core Lithium Ltd

Thick High-Grade Lithium Intersections at Blackbeard

Key points

  • NMRD104 returned 92m @ 1.25% Li2O, including 73m @ 1.45% Li2O
  • NMRD108 intersected 29m @ 1.35% Li2O from 209m
  • Results confirm continuity of high-grade mineralisation at Blackbeard
  • Ongoing drilling to refine understanding of mineralisation

Full summary

Core Lithium Ltd (ASX:CXO) has reported significant high-grade lithium intersections from diamond drilling at the Blackbeard prospect, part of the Finniss Lithium Operation. The standout result is from NMRD104, which intersected 92m @ 1.25% Li2O from 92m, including 73m @ 1.45% Li2O from 110m. This represents the longest downhole mineralised intersection recorded at Blackbeard to date and is located approximately 80m up-dip of the previously reported 63m @ 1.67% Li2O intersection in NRC2691, providing further evidence of the continuity of high-grade mineralisation. Partial results from NMRD108 returned 29m @ 1.35% Li2O from 209m, with assays for the remainder of the hole pending. Drilling is ongoing at the Blackbeard prospect, with results to be released progressively as they become available.

Outlook

Core Lithium Ltd anticipates further assay results from ongoing drilling at Blackbeard, which may support the potential to increase production scale over time while leveraging capital already invested at Finniss.

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