Core Lithium Ltd (AU:CXO) has released an update.
Core Lithium Ltd has reported a substantial 223% increase in the BP33 Ore Reserve at the Finniss Lithium Project, marking a pivotal advancement in the company’s operational strategy with an anticipated nine-year project lifespan at the current processing rate. The update includes a slight decrease in the Grants Open Pit Reserve and the exclusion of smaller deposits due to revised market and cost assumptions. Core Lithium continues to aim for a simplified, cost-effective operation, with ongoing drilling to expand resources and restart studies in progress.
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