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Core Lithium Ltd ( (AU:CXO) ) has issued an update.
Core Lithium Ltd reports progress in its December quarterly activities, highlighting advancements in the Finniss lithium project’s Restart Study, which is on track for completion by June 2025. The company maintained a cash balance of $50 million while focusing on operational readiness, safety, and environmental management. Notable drilling results were obtained at the Blackbeard lithium prospect and Shoobridge gold exploration. Despite decreased cash balance from the previous quarter, Core Lithium remains committed to exploring mineralization potential and maintaining a strong balance sheet to support growth initiatives in 2025.
More about Core Lithium Ltd
Core Lithium Ltd is an Australian company operating in the lithium mining industry, primarily focusing on lithium production and exploration projects. The company is engaged in developing the Finniss lithium project and has interests in gold exploration at Shoobridge. Core Lithium is positioned to enhance operational readiness and exploration efforts, aiming to align its strategies with market demands.
YTD Price Performance: 38.00%
Average Trading Volume: 48,419
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $140.9M
Learn more about CXO stock on TipRanks’ Stock Analysis page.
