• Strong balance sheet with $50M cash and no debt
• Restart study progressing well, on track for June quarter 2025
• Highly encouraging lithium drilling results at Blackbeard prospect

Core Lithium Ltd has released its quarterly update, providing details on the company's operational and financial performance. The key highlights include a strong balance sheet with $49.7 million in cash and no debt, progress on the Finniss Lithium Project restart study, and outstanding lithium drilling results from the Blackbeard prospect. The restart study is advancing well and remains on track for completion in the June quarter of 2025, with a focus on optimizing mining and processing operations to deliver a more efficient, lower-cost operation. The company also reported highly encouraging lithium drilling results from the Blackbeard prospect, located 20km from the Grants processing facility, including intercepts of up to 63m at 1.67% Li2O. Additionally, the company provided an update on its sustainability performance, with no lost-time injuries or significant environmental incidents during the quarter. The company also reported progress on its gold exploration activities at the Shoobridge prospect, with drilling confirming the presence of shallow, high-grade gold zones. Overall, the quarterly update demonstrates Core Lithium's strong financial position, operational progress, and ongoing exploration efforts to unlock further value from its Finniss Lithium Project.

The company is focused on delivering a more efficient, lower-cost operation at the Finniss Lithium Project through the ongoing restart study. The study aims to optimize mining and processing operations, with the goal of positioning the project for a successful restart aligned with evolving market conditions.