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Core Lithium Ltd (ASX:CXO)

ALERT: Price-sensitive ASX Announcement for CXO
Current share price for CXO : $0.375 0.085 (29.31%)+
Announcement
Release
22 Jan 2026 9:15AM
Price at Release
$0.290
Full Release
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Summary
Core Lithium Ltd has released its quarterly activities report for the quarter ending 31 December 2025. Significant highlights include an optimized mine plan for the Grants deposit, which is expected to deliver first ore within a month from operations, reducing pre-production capital by $35 to $45 million. An updated Ore Reserve Estimate for the Finniss Lithium Project has increased the total reserve to 15.6 million tonnes at 1.27% Li2O. The company is advancing technical studies to support a positive Final Investment Decision for the Finniss Project, with a focus on final engineering design and operational readiness. Core completed the divestment of non-core uranium assets for $5 million and reported a cash balance increase to $48.7 million. The report emphasizes substantial progress in de-risking the Finniss Project, enhancing market conditions, and improving investor sentiment.
Key Points
  • Optimized mine plan for Grants to deliver first ore swiftly.
  • Reduction in pre-production capital by $35 to $45 million.
  • Updated Ore Reserve Estimate increased to 15.6Mt at 1.27% Li2O.
  • Technical studies for Final Investment Decision are ongoing.
  • Successful divestment of non-core uranium assets for $5 million.
  • Increased cash balance to $48.7 million at the end of the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.