The Finniss Lithium project is near Darwin in the Northern Territories in Australia The plan to deliver a DFS by the end of 2021. The FS numbers are impressive. They have binding agreement in place for +40% of the resource. And several MOUs and off-take partners in place too. All in all impressive. They have been battling against the negative sentiment about lithium in Australia. Biggins believes that the lithium story is starting to gain traction against globally though. That has restricted the recognition for the significant and critical work carried out by the management team in the last couple of years.

Core has been exploring some gold assets too as they had some time on their hands. Biggins says these are non-core though and the company is looking to keep their options open as to how the monetise those assets in the future. It does give them access to a water storage facility that Liontown Resources had built. Some stellar grades have caught the eye of retail investors and potential partners and buyers will be watching to see what they show in terms of an understanding of the ore body.

At these prices, retail investors are keen to see the company getting terms for the funding of their low capex project post the DFS. If this happens, it will signal a major move. 

Company Page: https://corelithium.com.au/

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