• Restart study for Finniss lithium project progressing as planned
• Outstanding drilling results at Blackbeard lithium prospect
• Encouraging gold drill results at Shoobridge

Core Lithium Ltd (ASX: CXO) provided its quarterly activities report for the quarter ended 31 December 2024. The company reported that the restart study for the Finniss lithium project is progressing as planned and is on track for completion in the June quarter. The company ended the quarter with $49.7 million in cash. Key highlights include outstanding drilling results at the Blackbeard lithium prospect, with intercepts of up to 63m @ 1.67% Li2O, and encouraging gold drill results at the Shoobridge project, including 12m @ 2.93g/t Au. The company also reported on ongoing operational readiness activities at the Finniss site, including geotechnical monitoring, water management preparations, and weed control. The restart study is focused on mining optimisation and processing enhancements to deliver a more efficient, lower-cost operation at Finniss. Exploration activities during the quarter also included testing early-stage targets, with further drilling planned to test the scale of mineralisation discovered.

Core Lithium remains focused on progressing the Finniss lithium project restart study, which is expected to be completed in the June quarter. The company will seek to align its strategy with prevailing market conditions once the study is concluded.