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Why are Core Lithium stocks gaining market attention?

Apr 01, 2022

Key Takeaways:

  • Core Lithium announced lithium drill assay outcomes from the new Bilatos Prospect.
  • The results showed promising thickness and grade of Li2O.
  • CXO is scheduling an active exploration program at Finniss over the upcoming months.

On 31 March 2022, Core Lithium Ltd (ASX: CXO) provided an update related to the exploration and drilling from the Finniss Lithium Project. Post which the Company has gained further investor attention.

Core Lithium is into lithium, copper, and uranium exploration and development. The Company is in the process of developing the country’s latest and most advanced lithium project on the ASX, the Finniss Project in the Northern Territory (NT). Further, this project has been given Major Project Status by the Australian Federal Government. This project is amongst the most capital effective lithium projects and has perhaps the top logistics chain to markets of any Australian lithium project.

In the announcement, the Company provided the outcomes from drill assays obtained for drilling assumed at several prospects as well as early-phase regional exploration targets within the southern tenements of the project area. The Company highlighted that lithium drill assay results from the new Bilatos Prospect showed promising thickness and grade. It includes

  • 24 metres @ 2.24% Li2O in SRC068
  • 30 metres @ 1.11% Li2O in SRC065
  • 12 metres @ 1.09% Li2O in SRC067
  • 15 metres @ 0.80% Li2O in SRC063

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