Core Lithium Intersects High-Grade Lithium at Northern Territory Prospect

MT Newswires Live10:01

Core Lithium (ASX:CXO) said diamond drilling at the Blackbeard prospect, which is part of the company's Finniss lithium operation in the Northern Territory, returned thick, high-grade lithium intersections, according to a Monday filing with the Australian bourse.

The results include 92 meters at 1.25% lithium oxide from 92 meters for the NMRD104 hole, and 29 meters at 1.35% lithium oxide from 209 meters for the NMRD108 hole, per the filing.

The company said NMRD104 delivered the longest mineralized intersection recorded at Blackbeard to date.

It added that drilling at Blackbeard is ongoing, with results to be released progressively as they become available.

Shares of Core Lithium fell 1% in recent Monday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment