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Core Lithium Ltd (ASX:CXO)

ALERT: Price-sensitive ASX Announcement for CXO
Current share price for CXO : $0.205 -0.1 (-32.79%)+
Announcement
Release
11 Aug 2026 8:36AM
Price at Release
$0.305
Full Release
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Summary
Core Lithium Ltd has announced new high-grade lithium drill results from the BP33 project, part of their Finniss Lithium Operation. The NMRD100 drill hole revealed a wide high-grade zone with significant lithium oxide content, reinforcing confidence in the orebody's potential. The BP33 project has a resource estimate of 10.5 million tonnes at 1.53% Li2O, and the ongoing drilling aims to explore additional extensions. The project features a unique, continuous pegmatite deposit favorable for underground mining. Additional exploration is planned at the Blackbeard site.
Key Points
  • Excellent new high-grade lithium results from extensional drilling at the BP33 project.
  • NMRD100 drill hole intersected a wide high-grade zone of mineralised pegmatite.
  • 34.08m at 2.09% Li2O from 578.70m, including several higher-grade intervals.
  • Ongoing drilling at BP33 with additional holes planned to explore further extensions.
  • BP33 project is part of Core Lithium's 100% owned Finniss Lithium Operation.
  • BP33 hosts a Mineral Resource Estimate of 10.5Mt at 1.53% Li2O.
  • The exploration target is between 3.9Mt and 6.5Mt at a grade of 1.5% to 1.6% Li2O.
  • Initial results reinforce confidence in the orebody's quality and continuity.
  • BP33 is characterized by a large, continuous, sub-vertical pegmatite suitable for underground mining.
  • Exploration drilling is also underway at the Blackbeard prospect.
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.