Core Lithium's Blackbeard Prospect Delivers

Core Lithium (ASX:CXO) has reported significant high-grade lithium drill results from its Blackbeard prospect, part of the Finniss Lithium Project in Northern Territory, Australia. Highlights include a drill intersection of 63 meters at 1.67% Li2O, with a higher-grade section of 20 meters at 2.09% Li2O, located within 20 kilometers of the Grants Processing Facility.

Summary of Core Lithium's Latest Drill Findings

Core Lithium has announced impressive drill results from its Blackbeard prospect, indicating substantial lithium mineralisation. The results include 63 meters at 1.67% Li2O, with 20 meters at 2.09% Li2O, and are poised to bolster the company's resource base. Blackbeard, along with the adjacent Centurion prospect, forms a 600-meter mineralised trend, highlighting its potential scale. The strategic location near the Grants Processing Facility enhances the feasibility of integrating this resource into existing operations. Core Lithium's 2024 exploration strategy targets large-scale pegmatite formations to support cost-effective production. The company plans further drilling in early 2025 to explore depth extensions and gather metallurgical samples, continuing to focus on high-priority targets near the processing facilities. Core Lithium remains committed to environmental and safety standards while advancing its development plans.

Executive Commentary on Drill Results

The recent drill results from Blackbeard are very encouraging and underline the potential of the Finniss Project to deliver significant lithium resources. These high-grade intersections reinforce our confidence in the prospectivity of the area and the strategic advantage of its proximity to our processing facilities.