Core Lithiums Finniss Project Sees Remarkable Resource Expansion

Highlights:

• Core Lithium Ltd announces a striking 58% increase in the Mineral Resource Estimate of its Finniss Lithium Project, now boasting 48.2 million tonnes at 1.26% Li2O.
• The combined Mineral Resource Estimate for the Lees & Booths areas has surged by 429% to 14.5 million tonnes at 1.11% Li2O, indicating the Finniss region's significant lithium potential.
• Introduction of a maiden Mineral Resource Estimate for the Seadog deposit, along with significant increases across existing deposits, underscores the project's expanding scope and the company's successful exploration strategy.

Unprecedented Growth in Lithium Resources

In an exciting development, Core Lithium Ltd (ASX: CXO) has announced a substantial 58% increase in the Mineral Resource Estimate (MRE) of its Finniss Lithium Project, located near Darwin, Northern Territory. The total MRE now stands at an impressive 48.2 million tonnes at 1.26% Li2O, marking a significant milestone for the company and the lithium industry at large.

Major Advances at Lees & Booths

The update reveals a staggering 429% increase in the combined MRE for the Lees & Booths areas, reaching 14.5 million tonnes at 1.11% Li2O. This growth underscores the potential of the Finniss region to host substantial lithium deposits, supporting Core's strategic exploration endeavors.

New Discoveries and Increased Confidence

The announcement also introduces a maiden MRE for the Seadog deposit, further bolstering the project's overall resource base. With updates across various deposits, the Finniss Project's MRE upgrade includes significant advancements in the Measured and Indicated Resource categories, which now account for 58% of the total MRE, emphasizing the increased confidence in the project's resource estimates.

Exploration Efforts Pay Off

Doug Warden, Core Lithium's interim CEO, expressed his enthusiasm for the results, attributing the success to the extensive exploration program conducted in 2023. He highlighted the potential for discovering more lithium deposits within the region, reinforcing the company's commitment to further exploration and development activities in 2024.

A Bright Future for Finniss

The Finniss Lithium Project's enhanced resource estimate is a testament to Core Lithium's diligent exploration efforts and strategic vision. With the lithium market's growing demand, the project is well-positioned to play a pivotal role in supporting the global transition to renewable energy and electric vehicles. As exploration continues, the potential for further resource expansions and new discoveries remains high, promising exciting developments for Core Lithium and its stakeholders.

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