View our Blog
Felix Gold
Far East Gold
Far East Gold
Wellnex Limited
Propell Holdings Ltd
Prescient Theraputics
Site
TRIBE
MDF Global Limited Q&A
MDF Global Limited Q&A

Australia’s next big lithium producer?

At a time when the sale of electric vehicles are growing, one only needs to look at Tesla share prices to see where global car markets are headed and how key businesses stand to benefit greatly. One Australian company well positioned to take advantage of this growing market is Core Lithium (ASX: CXO), which represents a high quality lithium opportunity.
At a time when the sale of electric vehicles are growing, one only needs to look at Tesla share prices to see where global car markets are headed and how key businesses stand to benefit greatly. One Australian company well positioned to take advantage of this growing market is Core Lithium (ASX: CXO), which represents a high quality lithium opportunity. In the past 12 months Core Lithium has been one of the best performing lithium stocks on the ASX, after delivering on their lithium project in the Northern Territory.  Core Lithium’s share price has increased 300%, since getting the approval from the Northern Territory government to commence construction in a new location near Darwin. The company has since signed their first european uptake and prolonged the project’s Life of Mine to 7 years, contributing to their $40 million Enterprise Value (EV).  
“We will be drilling and undertaking further resource and reserve growth later this year and optimising and updating our feasibility study as we present the project later this year to finance markets to become Australia’s next lithium producer” Core Lithium’s Managing Director Stephen Biggins said in a live investor briefing yesterday.
  Project Highlights
  • High-grade lithium Resources
  • 6.0 % Li2O conc. produced at high lithium recovery +70%
  • Simple DMS processing (no flotation)
  • Significantly decreases capex, finance cost, risk and opex
  • Low start-up capex (~A$75M) producing high revenues (~A$160M-A$170M/y)
  • Production 175,000tpa high-quality lithium concentrate with low iron
  • Mine Location 25km from Australia’s closest port to Asia and nearby Darwin capital city infrastructure
  Yesterday, Core Lithium’s CEO, Stephen Biggins joined us for our fornightlighty “Meet the CEO”  Webcast to tell us more about the company and the future.  Watch the full webcast recording with Stephen Biggins below. Join the upcoming  ‘Meet The CEOs’ webcast – Click here to book your spot. Recorded 29 July 2020 at 12pm.   

This Week’s News

News

31st May 2024

Top geo backed by leading resources funds believes he has discovered a potential new gold-copper district

News

8th May 2024

BHP Xplor winner coming to the ASX

News

4th May 2024

AI Industrial Revolution: Aussie company unlocking AI for multinationals

General Advice Warning

Any advice provided by Reach Markets including on its website and by its representatives is general advice only and does not consider your objectives, financial situation or needs, and you should consider whether it is appropriate for you. This might mean that you need to seek personal advice from a representative authorised to provide personal advice. If you are thinking about acquiring a financial product, you should consider our Financial Services Guide (FSG)

including the Privacy Statement and any relevant Product Disclosure Statement or Prospectus (if one is available) to understand the features, risks and returns associated with the investment.

Please click here to read our full warning.

Close
Search

Hit enter to search or ESC to close

cookie By using this website, you agree to our cookie policy. Close