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Core Lithium Ltd (CXO) Report Analysis

Corporate Events

Positive

Core Lithium Ltd Provides an Update on the Late...

2022-06-20 23:21:00

Core Lithium Ltd. provided an update on the latest development activities at its Finniss Lithium Project (Project) near Darwin in the Northern...

Positive

Core Lithium Ltd(ASX:CXO) added to S&P/ASX 200 Index

2022-06-17 00:00:00

Core Lithium Ltd(ASX:CXO) added to S&P/ASX 200 Index

Positive

Core Lithium Ltd(ASX:CXO) added to S&P/ASX 200 ...

2022-06-17 00:00:00

Core Lithium Ltd(ASX:CXO) added to S&P/ASX 200 Materials Sector Index

Positive

Core Lithium Ltd. Announces Finniss Project Dev...

2022-05-16 23:14:00

Core Lithium Ltd. provided an update on the latest development activities at its Finniss Lithium Project (Project) near Darwin in the Northern...

Positive

Core Lithium Ltd Announces Final 2021 Lithium D...

2022-05-09 23:36:00

Core Lithium Ltd. provided an update on exploration activities and results from the Finniss Lithium Project (Finniss Project) near Darwin in t...

Positive

Core Lithium Ltd Receives Environmental Approval

2022-05-02 22:59:00

Core Lithium Ltd. announce the grant of environmental approval for the BP33 Underground Mine. The decision to grant the environmental approval...

Neutral

Core Lithium Ltd Announces the Execution of A C...

2022-05-01 23:12:00

Core Lithium Ltd. announced the execution of a Crushing Services Contract with CSI Mining Services (CSI) for the Finniss Lithium Project (Proj...

Positive

Core Lithium Ltd Enters into Binding Tenement S...

2022-04-10 23:22:00

Core Lithium Ltd. advised that it has entered into a binding Tenement Sale and Purchase Agreement ("the Agreement") with Newmont Exploration P...

Positive

Core Lithium Ltd Provides an Exploration and Dr...

2022-03-30 22:18:00

Core Lithium Ltd. provided an exploration and drilling update from the Finniss Lithium Project near Darwin in the Northern Territory. During t...

Neutral

Mines and Money Events Ltd, Mines and Money @ I...

2022-01-14 04:00:00

Mines and Money Events Ltd, Mines and Money @ IMARC, Jan 31, 2022 through Feb 02, 2022.

Neutral

Core Lithium Ltd Presents at Mines and Money @ ...

2022-01-14 04:00:00

Core Lithium Ltd Presents at Mines and Money @ IMARC, Jan-31-2022 . Speakers: Stephen Richard Biggins, MD & Director.

Neutral

Core Lithium Ltd Moves to New Corporate Headqua...

2021-12-17 04:11:00

Core Lithium Ltd. announced that it has moved to a new corporate office in the heart of the Adelaide CBD. The transition to the larger premise...

Positive

Core Lithium Ltd Provides an Exploration and Dr...

2021-12-12 23:54:00

Core Lithium Ltd. provided an exploration and drilling update from the Finniss Lithium Project near Darwin in the Northern Territory. The comp...

Neutral

Core Lithium Ltd Announces Binding Offtake Agre...

2021-10-22 02:21:00

Australia's next lithium producer, Core Lithium Ltd. announced that its binding offtake agreement (Offtake) with a subsidiary of Jiangxi Ganfe...

Negative

Core Lithium Ltd has completed a Follow-on Equi...

2021-10-22 00:00:00

Core Lithium Ltd has completed a Follow-on Equity Offering in the amount of AUD 34 million. Security Name: Ordinary Shares Security Type: ...

Neutral

Core Lithium Ltd, Annual General Meeting, Nov 25, 2021

2021-10-21 23:00:00

Core Lithium Ltd, Annual General Meeting, Nov 25, 2021, at 10:00 AUS Central Standard Time. Location: Offices of Grant Thornton Australia Limi...

Positive

Core Lithium Ltd Approves Finniss Lithium Project FID

2021-09-29 23:05:00

Core Lithium Ltd. announced a Final Investment Decision (FID) to commence development of the company's wholly owned Finniss Lithium Project, l...

Neutral

Core Lithium Ltd Signs Mining Services Contract...

2021-09-22 23:34:00

Core Lithium Ltd. announced it has signed a Mining Services Agreement (`Mining Contract') with Lucas Total Contract Solutions (`Lucas') for th...

Positive

Core Lithium Ltd(ASX:CXO) added to S&P Global BMI Index

2021-09-20 00:00:00

Core Lithium Ltd(ASX:CXO) added to S&P Global BMI Index

Negative

Core Lithium Ltd has completed a Follow-on Equi...

2021-09-02 00:00:00

Core Lithium Ltd has completed a Follow-on Equity Offering in the amount of AUD 25.000265 million. Security Name: Common Stock Security Ty...

Neutral

Core Lithium Ltd Presents at Broker Briefing In...

2021-08-23 22:32:00

Core Lithium Ltd Presents at Broker Briefing Investor Webinar, Aug-26-2021 .

Neutral

BROKER BRIEFING, Broker Briefing Investor Web...

2021-08-23 22:03:00

BROKER BRIEFING, Broker Briefing Investor Webinar, Aug 26, 2021.

Neutral

Core Lithium Ltd, Special/Extraordinary Shareho...

2021-08-19 06:25:00

Core Lithium Ltd, Special/Extraordinary Shareholders Meeting, Sep 17, 2021, at 12:30 AUS Central Standard Time. Location: Offices of Grant Tho...

Negative

Core Lithium Ltd has completed a Follow-on Equi...

2021-08-11 00:00:00

Core Lithium Ltd has completed a Follow-on Equity Offering in the amount of AUD 90.875464 million. Security Name: Ordinary Shares Security...

Negative

Core Lithium Ltd has filed a Follow-on Equity O...

2021-08-09 00:00:00

Core Lithium Ltd has filed a Follow-on Equity Offering in the amount of AUD 15 million. Security Name: Common Stock Security Type: Common ...

Negative

Core Lithium Ltd has filed a Follow-on Equity O...

2021-08-08 00:00:00

Core Lithium Ltd has filed a Follow-on Equity Offering in the amount of AUD 34 million. Security Name: Ordinary Shares Security Type: Comm...

Neutral

Core Lithium Ltd - Special Call

2021-07-27 01:38:00

Core Lithium Ltd - Special Call

Positive

Core Lithium Ltd Announces Scoping Study Identi...

2021-07-25 23:46:00

Core Lithium Ltd. announced the results of a Scoping Study which has identified a potential value improvement opportunity to the Finniss Lithi...

Positive

Core Lithium Ltd Announces Extension Scoping St...

2021-07-25 23:42:00

Core Lithium Ltd. announced a Mining Extension Scoping Study (Study) has outlined lithium production over 10 years from the Company's wholly o...

Positive

Core Lithium Ltd Announces Stage 1 Definitive F...

2021-07-25 23:39:00

Advanced Northern Territory lithium developer, Core Lithium Ltd. announced an upgraded Definitive Feasibility Study (DFS), underpinned by a si...

Neutral

Core Lithium Ltd Receives $6 Million Modern Man...

2021-07-22 01:05:00

Core Lithium Ltd. announced it has been successful in its application for a $6 million grant under the Federal Government's Modern Manufacturi...

Neutral

Core Lithium Ltd Signs Agreement with Power and...

2021-07-19 23:34:00

Advanced Australian lithium developer, Core Lithium Ltd. to announced the execution of a power connection agreement with Power and Water Corpo...

Positive

Core Lithium Ltd Provides an Update on the Latest Development Activities at its Finniss Lithium Project Near Darwin in the Northern Territory

2022-06-20 23:21:00

Core Lithium Ltd. provided an update on the latest development activities at its Finniss Lithium Project (Project) near Darwin in the Northern Territory. The Finniss project is progressing well and remains on track to ship first spodumene concentrate by the end of CY 2022, subject to the successful ramp-up of the Grants open pit, DMS plant and crusher and no further COVID-19 or weather-related delays. Mining has accelerated with the arrival of the dry season and the commissioning of an additional excavator and trucks to site. Early-stage mining operations at the Grants open pit were impacted by materially higher rainfall and an extended wet season resulting in a temporary increase in fuel consumption and delays in open pit mining. However, the arrival of the dry season and the commissioning of the additional excavator and trucks to the site has allowed mining to accelerate. CSI Mining Services (CSI) commenced mobilisation to the site as planned, following the award of a Crushing Services Contract for the crushing of run of mine ore at the Finniss Project. The DMS site handover to Primero is now complete, and construction activities have commenced. The DMS plant structural steel was sourced from Shanghai and, due to COVID-19 restrictions in Shanghai, delays were experienced with the manufacture and delivery of the structural steel. Primero has now successfully facilitated the export of the steel and all DMS components are now on the water, or located in WA or NT, and ready for transport to Finniss. Completion of the Finniss site administration and IT complex will allow staff to relocate from the temporary facilities at Tumbling Waters, located about 20km from Finniss. Moving staff to the site based administration building will lead to reduced costs, greater efficiencies and higher productivity. Core has received initial environmental approval for the BP33 mine and submitted the BP33 Mining Management Plan (MMP). NT Government approval for the BP33 Underground Mine is a two-stage process, and formal approval is anticipated in the September 2022 quarter. The Grants open pit will be the initial source of ore for the DMS plant until BP33 and other mines are bought online. The Company has received all outstanding drill assays from the BP33 and Carlton deposits, and early indications show the potential for substantial resource increases. Core expects to announce a Finniss resource and reserve upgrade in the coming weeks. Core has successfully employed all staff necessary for Finniss, with approximately 80% of staff living in Darwin. Similar percentages of locally based personnel are being achieved by major contractors. The NT Government's decision to scrap COVID-19 mandates for workers and the lifting of COVID-19 travel restrictions has made it easier to fill critical roles for mining and construction activities, but has also led to an increase in COVID-19 related staff absences.

Positive

Core Lithium Ltd(ASX:CXO) added to S&P/ASX 200 Index

2022-06-17 00:00:00

Core Lithium Ltd(ASX:CXO) added to S&P/ASX 200 Index

Positive

Core Lithium Ltd(ASX:CXO) added to S&P/ASX 200 Materials Sector Index

2022-06-17 00:00:00

Core Lithium Ltd(ASX:CXO) added to S&P/ASX 200 Materials Sector Index

Positive

Core Lithium Ltd. Announces Finniss Project Development Update

2022-05-16 23:14:00

Core Lithium Ltd. provided an update on the latest development activities at its Finniss Lithium Project (Project) near Darwin in the Northern Territory. As recently announced to the market, CSI Mining Services (CSI) has been awarded aCrushing Services Contract for the crushing of run of mine ore at the Finniss Project.The crushed ore will then be stockpiled before being processed by the Dense MediaSeparation (DMS) plant. CSI is scheduled to begin mobilising to the Project nextmonth. Earthworks for the DMS plant are nearing completion with that area of the site to behanded over to Primero Group at the end of the week. The DMS plant will processthe crushed ore to make spodumene concentrate, which will be ready for export. The recent grant of environmental approval for the BP33 Underground Mine was asignificant milestone and marks the end of the Environmental Impact Assessmentprocess for this proposed component of the Finniss Project. In the coming weeks,Core intends to lodge a Mining Management Plan (MMP) to the Department ofIndustry, Tourism & Trade (DITT) for assessment. The Grants open pit will be the initial source of ore for the DMS plant until BP33 andother mines are bought online.

Positive

Core Lithium Ltd Announces Final 2021 Lithium Drilling Assays Received

2022-05-09 23:36:00

Core Lithium Ltd. provided an update on exploration activities and results from the Finniss Lithium Project (Finniss Project) near Darwin in the Northern Territory. This update provides the final results and assays from lithium exploration drilling undertaken at the Finniss Project throughout the 2021 field season, during which 22,454m of RC drilling and 6,619.8m of diamond drilling was completed. Assay results are from drilling undertaken to test for a southern extension to the pegmatite hosting mineralisation at BP33, resource extensions to the north of Hang Gong and to the north of Lees as well as a number of regional targets. Drilling Results: BP33 South: A total of seven RC holes and two diamond holes were drilled during the 2021 field season to test for southern extensions to the BP33 mineralised system. Drilling confirmed that a spodumene bearing pegmatite extends to the south and beyond the limits of the current Mineral Resource estimate and remains open at depth and to the south. This is now supported by assay results with the best intersections shown: 35m @ 0.84% Li2O in NMRD015; including 10m @ 1.44% Li2O; 8m @ 1.01% Li2O in FRC272; 12m @ 0.82% Li2O in FRC277. The southern BP33 pegmatite dips steeply to the east and strikes in a north-south direction and is interpreted to extend further beyond current drilling on a southerly plunge. True thickness of the body varies between 4 to 10m. Drilling is planned for the coming field season to further evaluate the distribution and grade continuity of the southern and main pegmatite at BP33. Given the proximity to the main high grade BP33 mineralisation, even a pegmatite with modest grade and tonnes could have a significant positive impact on the Mineral Resource estimate. Hang Gong: Nineteen RC drill holes and one diamond hole have been completed at Hang Gong. The RC holes were drilled targeting the down dip northerly extension of multiple stacked pegmatite bodies. The drilling was successful in identifying and delineating several shallow pegmatite bodies up to 9m in width as they gently dip to the north. With many of the intersections outside of current resource envelopes. Visible spodumene mineralisation was identified in some of the larger intersections. The best mineralised intersections, that represent approximate true widths, are as follows: 8m @ 1.50% Li2O in FRC242; 6m @ 1.43% Li2O in FRC240; 9m @ 1.06% Li2O including 5m @ 1.51% Li2O in FRC258; 6m @ 1.20% Li2O in FRC261; 4m @ 1.25% Li2O in FRC264. The diamond hole intersected several small pegmatite zones to 5m in width with the best intersection of 1.6m @ 2.55% Li2O. Lees and Yan Yam: Four RC drill holes and a diamond hole have been completed at Lees, and three RC holes at Yan Yam. The RC holes at Lees were drilled to test for an extension of the main Lees mineralisation to the NW. Most holes intersected good thicknesses of the targeted mineralised pegmatite. The best results are shown: 11m @ 1.07% Li2O in FRC256; Incl 2m @ 1.88% and 2m @ 1.77% Li2O; and 6m @ 1.04% Li2O and 2m @ 1.39% Li2O in FRC253. A single diamond drill hole was drilled under the main Lees pit to a depth of 252m targeting the down dip extension of the Lees Extended mineralisation that outcrops further to the south. The hole intersected approximately 6m of spodumene bearing pegmatite at the target depth. The best interval is shown: 3.1m @ 1.53% Li2O in NMRD014. The three RC holes at Yan Yam intersected partially weathered to fresh pegmatite that dips moderately to the east and with a true thickness of approximately 8m. Although significant intersections were not encountered, single metre assay above 1% Li2O were recorded in both of the deeper holes when fresher pegmatite was drilled (Figure 3). This degree of fertility is considered encouraging and the prospect warrants further deeper drill testing.

Positive

Core Lithium Ltd Receives Environmental Approval

2022-05-02 22:59:00

Core Lithium Ltd. announce the grant of environmental approval for the BP33 Underground Mine. The decision to grant the environmental approval under the NT Environment Protection Act 2019 was made by the Northern Territory Minister for Renewables and Energy; Minister for Infrastructure, Planning and Logistics; Minister for Environment; Minister for Water Security; Minister for Climate Change; Minister for Essential Services the Hon. Eva Lawler MLA. The grant of the environmental approval, completes the Environmental Impact Assessment process for the proposed BP33 Underground Mine and paves the way for the Company to submit a Mining Management Plan (MMP) to the Department of Industry, Tourism & Trade (DITT) for assessment. Core will make the MMP application in accordance with the requirements of the NT Mining Management Act 2001 and recommendations from the NT Environmental Protection Authority regarding the BP33 Underground Mine.

Neutral

Core Lithium Ltd Announces the Execution of A Crushing Services Contract with CSI Mining Services for the Finniss Lithium Project Near Darwin in the Northern Territory

2022-05-01 23:12:00

Core Lithium Ltd. announced the execution of a Crushing Services Contract with CSI Mining Services (CSI) for the Finniss Lithium Project (Project) near Darwin in the Northern Territory. Run of mine ore will be stockpiled prior to feeding into the CSI crusher circuit. The crushed ore will then be stockpiled before being processed by the Dense Media Separation plant to make spodumene concentrate for export. The crusher civil works are nearing completion with CSI expected to start mobilizing to the Project during June 2022.

Positive

Core Lithium Ltd Enters into Binding Tenement Sale and Purchase Agreement with Newmont Exploration Pty Ltd to Acquire the Shoobridge Project

2022-04-10 23:22:00

Core Lithium Ltd. advised that it has entered into a binding Tenement Sale and Purchase Agreement ("the Agreement") with Newmont Exploration Pty Ltd, a subsidiary of gold producer Newmont Corporation, to acquire the Shoobridge Project (EL31407) ("Shoobridge Project"). The Project is located approximately 80km south-southeast of the Company's 100%- owned Finniss Lithium Project ("Project") near Darwin in the Northern Territory. Completion of the sale and purchase of the Shoobridge Project is subject to NT Ministerial consent. The Shoobridge Project is located in the Pine Creek Orogen in the NT and lies within the Tipperary pegmatite district, including the Shoobridge pegmatite field and the Plateau Point pegmatite field. The Shoobridge pegmatites have been exploited for their tin and tantalum, and are the site of the first discovery of tin- bearing pegmatites in the NT in 1882 (Frater, 2005). Importantly, the pegmatites are considered analogous to those in the Bynoe pegmatite district and are therefore complementary to the Company's lithium portfolio in the Northern Territory. Core will be the first company to explore and drill these prospective, potentially lithium-rich pegmatite systems for economic spodumene lithium mineralisation.

Positive

Core Lithium Ltd Provides an Exploration and Drilling Update from the Finniss Lithium Project

2022-03-30 22:18:00

Core Lithium Ltd. provided an exploration and drilling update from the Finniss Lithium Project near Darwin in the Northern Territory. During the last drilling season, the company's exploration team focused on Mineral Resource growth and conversion and regional exploration to extend mine life and lay the foundation for production expansion within the broader Finniss Lithium Project over the medium term. This update provides the results from drill assays received for drilling undertaken at a number of prospects and early-stage regional exploration targets within the southern tenements of the project area. Bilatos Prospect: Ten RC drill holes were completed at Bilatos within and adjacent to newly acquired MLN813 and the company's surrounding EL30012. Excitingly, most holes intersected significant lithium grades and consistent thicknesses of pegmatite in the first drilling undertaken by Core at Bilatos. Assay results have been received for all holes, with the best intersections including: 24m at 2.24% Li2O in SRC068 Incl. 10m at 3.18% Li2O; 30m at 1.11% Li2O in SRC065 Incl. 10m at 2.31% Li2O; 12m at 1.09% Li2O in SRC067; 15m at 0.80% Li2O in SRC063. The Bilatos pegmatite dips steeply to the east and has a true width of between 13m to 30m. An initial interpretation of the Bilatos pegmatite is that it is a very large single body over 800m in length that remains open to the north, south and at depth. Although spodumene has been positively identified, it is likely that a complex association of lithium bearing minerals is present, based on assay results and visual inspection of the RC chips. Further work is currently underway to determine the range of lithium bearing minerals present.

Neutral

Mines and Money Events Ltd, Mines and Money @ IMARC, Jan 31, 2022 through Feb 02, 2022

2022-01-14 04:00:00

Mines and Money Events Ltd, Mines and Money @ IMARC, Jan 31, 2022 through Feb 02, 2022.

Neutral

Core Lithium Ltd Presents at Mines and Money @ IMARC, Jan-31-2022

2022-01-14 04:00:00

Core Lithium Ltd Presents at Mines and Money @ IMARC, Jan-31-2022 . Speakers: Stephen Richard Biggins, MD & Director.

Neutral

Core Lithium Ltd Moves to New Corporate Headquarters, effective 20 December 2021

2021-12-17 04:11:00

Core Lithium Ltd. announced that it has moved to a new corporate office in the heart of the Adelaide CBD. The transition to the larger premises will allow Core to cater for its growing workforce, in line with the growing corporate demands of the business as it makes a year-long transition from explorer to producer at the Company's wholly-owned Finniss Lithium Project, located near Darwin in the Northern Territory. Core anticipates this new space will be required as new roles are created to keep the business running efficiently and smoothly, as it transitions into a larger entity. The new registered office and principal administrative office is located at Level 5, 149, Flinders Street, Adelaide, South Australia, 5000 effective 20 December 2021.

Positive

Core Lithium Ltd Provides an Exploration and Drilling Update from the Finniss Lithium Project

2021-12-12 23:54:00

Core Lithium Ltd. provided an exploration and drilling update from the Finniss Lithium Project near Darwin in the Northern Territory. The company's recent exploration and Mineral Resource drilling has intersected lithium-rich spodumene pegmatite at a number of prospects. During the current drilling season, the company's exploration team has focused on Mineral Resource growth and conversion, as well as regional exploration, to extend mine life and lay the foundation for production expansion within the broader Finniss Lithium Project. This update provides the results from drill assays received for the more advanced prospects of Ah Hoy and Far West as well as for some of the first pass regional exploration targets. The company will update the market with significant drill results and Mineral Resource growth progress as results continue to arrive over coming weeks and months. Ah Hoy Prospect: Eleven RC drill holes have been completed at Ah Hoy with most holes intersected consistent thicknesses of spodumene mineralization within the Western Pegmatite. Assay results have been received for all holes at Ah Hoy with the best intersections as follows: 11m at 1.42% Li2O in SRC053; 19m at 1.21% Li2O in SRC054; 14m at 1.37% Li2O in SRC055; 11m at 1.28% Li2O in SRC056. These drill intersections are of a similar thickness and grade to previous drilling results at Ah Hoy, which include 10m at 1.57% Li2O in FRC208 and 12m at 1.19% Li2O in FRC074. These results are very encouraging and likely to support a maiden Mineral Resource Estimate at Ah Hoy in coming months. Earlier this year an Exploration Target was published for the Ah Hoy prospect. The Ah Hoy region also remains extremely prospective, as lithium-rich pegmatites within the area have demonstrated fertility with a number of significant pegmatite intersections up to 37m downhole in addition to the Western Pegmatite at Ah Hoy. Far West Belt: Fourteen RC drill holes were completed across Far West Central and Far West North. Pegmatite intersections were variable in thickness and grade with a number of holes recording no significant intersection. Assay results have been received for all holes with the best intersections as follows: 13m at 1.01% Li2O in NRC161; 6m at 1.79% Li2O in NRC163; 11m at 1.23% Li2O in FRC232; 7m at 1.24% Li2O in FRC233. These intersections continue to highlight the variability in the distribution, thickness, and grade of the numerous pegmatites within the Far West area.

Neutral

Core Lithium Ltd Announces Binding Offtake Agreement with Subsidiary of Jiangxi Ganfeng Lithium Co., Ltd (Ganfeng) for the Supply of 75,000 Tonnes of Li2o

2021-10-22 02:21:00

Australia's next lithium producer, Core Lithium Ltd. announced that its binding offtake agreement (Offtake) with a subsidiary of Jiangxi Ganfeng Lithium Co., Ltd. (Ganfeng) for the supply of 75,000 tonnes of Li2O spodumene concentrate per annum over 4 years and an associated $34 million equity issue have become unconditional following receipt of all necessary regulatory approvals in China. his announcement follows the Company's announcement that the Board had taken a Final Investment Decision (FID) to commence development of Core's wholly owned Finniss Lithium Project (Finniss), located near Darwin in the Northern Territory. Core is fully funded for Finniss' development through to first lithium concentrate production, scheduled for Fourth Quarter 2022. The Offtake is for the supply and delivery of 300,000 dry metric tonnes of spodumene concentrate at 75,000tpa from Finniss over 4 years. The Offtake provides for pricing referenced to the market price for 6.0% Li2O spodumene concentrate, adjusted for actual Li2O content, and includes an agreed floor price. The Offtake adds to the previously announced binding offtake agreement with Yahua for 75,000tpa over 4 years. Together, these agreements account for approximately 80% of Finniss' production over the first 4 years of mine life. The Offtake commences on the effective date of commercial production at Finniss and will cease on the date that is 4 years after commencement of supply. The Offtake can be terminated by Ganfeng if the effective date of commercial production does not occur by 1 December 2023. The Offtake otherwise contains provisions considered standard for agreements of this nature. The Offtake is now unconditional following satisfaction of the following conditions precedent: Chinese regulatory approvals; Approval of the share placement by Core shareholders (received on 17 September 2021); and Core entering binding arrangements for a minimum total financing of no less than $80 million, which was satisfied by an institutional placement in August 2021.

Negative

Core Lithium Ltd has completed a Follow-on Equity Offering in the amount of AUD 34 million.

2021-10-22 00:00:00

Core Lithium Ltd has completed a Follow-on Equity Offering in the amount of AUD 34 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 100,591,715 Price\Range: AUD 0.338 Discount Per Security: AUD 0.01352 Transaction Features: Subsequent Direct Listing

Neutral

Core Lithium Ltd, Annual General Meeting, Nov 25, 2021

2021-10-21 23:00:00

Core Lithium Ltd, Annual General Meeting, Nov 25, 2021, at 10:00 AUS Central Standard Time. Location: Offices of Grant Thornton Australia Limited Level 3, 170 Frome Street Adelaide South Australia Australia Agenda: To receive, consider and discuss the Company's annual financial report including the Directors' Declaration for the year ended 30 June 2021 and the accompanying Directors' Report, Remuneration Report and Auditor's Report; to consider adoption of remuneration report; to consider re-election of directors; to consider increase in non-executive Directors' fee pool; and to consider issue of and change to Director Performance Rights to Mr. Stephen Biggins.

Positive

Core Lithium Ltd Approves Finniss Lithium Project FID

2021-09-29 23:05:00

Core Lithium Ltd. announced a Final Investment Decision (FID) to commence development of the company's wholly owned Finniss Lithium Project, located near Darwin in the Northern Territory. The company is committed to delivering one of the most capital efficient and cost competitive lithium projects in Australia. FID marks a milestone for both Core and the Northern Territory - Finniss is the first ever lithium mine in the Northern Territory and the first new significant mine in more than a decade. FID follows award over the past week of the Finniss mining services contract to Lucas Total Contract Solutions and the process plant EPC contract to Primero Group. The company has commenced project execution immediately with mobilization underway. A range of site establishment works will commence during October. Lucas will support site establishment activities in the coming weeks in preparation for the commencement of mining followed by Dense Media Separation (DMS) process plant construction by Primero commencing in March 2022. Commissioning of the DMS plant and the first production of lithium concentrate are scheduled for fourth quarter 2022. The construction-ready Finniss Project lies within 25 km of port, power station, gas, rail and one hour by sealed road to workforce accommodated in Darwin and, importantly, to Darwin Port - Australia's nearest port to Asia.

Neutral

Core Lithium Ltd Signs Mining Services Contract with Lucas Total Contract Solutions for Finniss Lithium Project

2021-09-22 23:34:00

Core Lithium Ltd. announced it has signed a Mining Services Agreement (`Mining Contract') with Lucas Total Contract Solutions (`Lucas') for the provision of open pit mining and associated services at the Company's wholly owned Finniss Lithium Project (`Finniss Project'), located near Darwin in the Northern Territory. The Mining Contract represents another major step on Core's path towards commencing construction at the Finniss Project in 2021. Lucas is engaged for the 3-year open pit mining services agreement for the Grants open pit. The Grants open pit is the first mine that will be developed at the Finniss Lithium Project, with first lithium production expected in late 2022. The scope of work covers the construction and mining of the Grants Open Pit Mine including clear and grub, topsoil management, pads, roads, dumps, dams, bunds and water controls and open pit mining (load and haul plus drill and blast). The execution of the Mining Contract closely follows the completion of a $91 million institutional placement and a $25 million share purchase plan, in conjunction with a $34 million equity investment subject to Chinese Government approvals and an offtake agreement with a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd. (Ganfeng), one of the world's large lithium producers by production capacity, for 75,000 tonnes per annum of spodumene concentrate from the Finniss Project over 4 years. Core is fully financed, has construction and operation approvals already in place and on-track to commence construction at the Finniss Project before the end of 2021, with a Final Investment Decision (FID) expected in the coming weeks. Core expects to ramp-up construction at the Finniss Project over the course of 2022, with first spodumene production anticipated in late 2022.

Positive

Core Lithium Ltd(ASX:CXO) added to S&P Global BMI Index

2021-09-20 00:00:00

Core Lithium Ltd(ASX:CXO) added to S&P Global BMI Index

Negative

Core Lithium Ltd has completed a Follow-on Equity Offering in the amount of AUD 25.000265 million.

2021-09-02 00:00:00

Core Lithium Ltd has completed a Follow-on Equity Offering in the amount of AUD 25.000265 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 80,646,015 Price\Range: AUD 0.31

Neutral

Core Lithium Ltd Presents at Broker Briefing Investor Webinar, Aug-26-2021

2021-08-23 22:32:00

Core Lithium Ltd Presents at Broker Briefing Investor Webinar, Aug-26-2021 .

Neutral

BROKER BRIEFING, Broker Briefing Investor Webinar, Aug 26, 2021

2021-08-23 22:03:00

BROKER BRIEFING, Broker Briefing Investor Webinar, Aug 26, 2021.

Neutral

Core Lithium Ltd, Special/Extraordinary Shareholders Meeting, Sep 17, 2021

2021-08-19 06:25:00

Core Lithium Ltd, Special/Extraordinary Shareholders Meeting, Sep 17, 2021, at 12:30 AUS Central Standard Time. Location: Offices of Grant Thornton Australia Limited Level 3, 170 Frome Street Adelaide South Australia Australia Agenda: To consider the issue of 100,591,715 Ganfeng Shares; to consider the ratification of 293,146,659 Placement Shares issued on or about 17 August 2021; and to consider the ratification of 306,123 Consideration Shares issued on 11 March 2021.

Negative

Core Lithium Ltd has completed a Follow-on Equity Offering in the amount of AUD 90.875464 million.

2021-08-11 00:00:00

Core Lithium Ltd has completed a Follow-on Equity Offering in the amount of AUD 90.875464 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 293,146,659 Price\Range: AUD 0.31 Discount Per Security: AUD 0.01085 Transaction Features: Subsequent Direct Listing

Negative

Core Lithium Ltd has filed a Follow-on Equity Offering in the amount of AUD 15 million.

2021-08-09 00:00:00

Core Lithium Ltd has filed a Follow-on Equity Offering in the amount of AUD 15 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 48,387,097 Price\Range: AUD 0.31

Negative

Core Lithium Ltd has filed a Follow-on Equity Offering in the amount of AUD 34 million.

2021-08-08 00:00:00

Core Lithium Ltd has filed a Follow-on Equity Offering in the amount of AUD 34 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 100,591,715 Price\Range: AUD 0.338 Discount Per Security: AUD 0.01352 Transaction Features: Subsequent Direct Listing

Neutral

Core Lithium Ltd - Special Call

2021-07-27 01:38:00

Core Lithium Ltd - Special Call

Positive

Core Lithium Ltd Announces Scoping Study Identifies Potential for Lithium Fines

2021-07-25 23:46:00

Core Lithium Ltd. announced the results of a Scoping Study which has identified a potential value improvement opportunity to the Finniss Lithium Project through production and sale of a Lithium Fines (LF) by-product grading approximately 1.0% Li2O. This is in addition to the "Stage 1 DFS and Updated Ore Reserves" (DFS) and "Scoping Study Confirms 10 Year Lithium Production" (ESS) releases announced earlier today. Pursuant to the Stage 1 DFS and ESS, the Finniss Project will comprise a low risk, standard open pit and underground mining operation and simple Dense Media Separation (DMS) processing plant, treating 1.0Mtpa of crushed ROM ore, to produce an average of approximately 175ktpa of 5.8% Li2O spodumene concentrate over a 10-year mine life The DMS flowsheet proposed in the Stage 1 DFS also produces a lithium fines content (<0.5mm) grading around 1.0% Li2O. Metallurgical test work undertaken to-date indicates that the partial recovery of lithia from this tailings stream is possible efficiently and economically with limited additional processing steps. Further work is required to better define the impact of mine dilution, the lithia deportment and grade by size fraction, but pending negligible mine dilution presenting to ROM ore and a similar crushed product particle size distribution to the test work sample, Core believes there is an opportunity to produce approximately 110,000 tonnes per annum of LF by-product grading circa 1.0% (w/w) Li2O. In the Stage 1 DFS, the lithium fines are assumed to be stored with other tailings. However, in response to a forecast shortage of primary lithium supply and expressions of interest in offtake for the LF by-product, there is a strong opportunity for Core to capture the value of this by-product from existing Ore Reserves and Mineral Resources with no incremental mining cost and minimal incremental processing cost. The economics of this opportunity are further assisted by the fact that Core's Finniss Project is located within a 1 hour drive of the Port of Darwin, which is Australia's closest port to Asian markets, keeping transport and logistics costs to a minimum. Highlights: Core Lithium, in conjunction with consultant Primero Group, has successfully completed a Scoping Study on the potential for lithium fines (LF) to become a saleable by-product from the Finniss Lithium Project. The Study finds that Core could potentially produce and sell approximately 110,000tpa of LF grading approximately 1.0% Li2O, with no incremental mining activities required. Low incremental capital cost of AUD 8.4 million and marginal operating costs for processing, storage, haulage to port and ship loading of USD 21/t of LF Core has received non-binding interest from potential offtake partners for LF by-product, with indicative pricing between USD 75- USD 85/t (CFR) As a by-product credit, LF production potentially reduces life-of- mine average C1 operating costs by USD 23/t of spodumene concentrate (versus Stage 1 DFS estimate) Potential to also reduce tailings stream and waste impact on the environment.

Positive

Core Lithium Ltd Announces Extension Scoping Study Confirms 10 Year Lithium Production

2021-07-25 23:42:00

Core Lithium Ltd. announced a Mining Extension Scoping Study (Study) has outlined lithium production over 10 years from the Company's wholly owned Finniss Lithium Project in the Northern Territory (Finniss Project). The Study, which is primarily underpinned (69%) by the Ore Reserves detailed in the Definitive Feasibility Study, also includes Measured, Indicated & Inferred material (31%) that cannot be defined as an Ore Reserve and hence cannot provide assurance of an economic development case at this stage, or to provide certainty that the conclusions of the Scoping Study will be realised. The Study demonstrates the Project's economics with the inclusion of inferred material to be compelling, with low capital costs and competitive operating costs that result in high operating margins and rapid payback. Highlights: Finniss Lithium Project Mining Extension Scoping Study (Study) confirms that Core Lithium is well positioned to become a long-term lithium producer in Australia Study builds on and adds to the outstanding economics of the Stage 1 Definitive Feasibility Study (DFS) Excellent Study economics reflected in pre-tax IRR of 56% and pre-tax NPV8 of AUD 259 million and life-of-mine EBITDA of AUD 694 million from revenue of AUD 1.6 billion1 Finniss Project's Study 10 Year production and mine plan comprises open pit production from Reserves and Resources at Grants and Hang Gong and underground at Grants, BP33 and Carlton prospects Low initial capital expenditure of AUD 89 million remains unchanged from DFS C1 Operating Cost (FOB) of USD 372/t concentrate generate a robust average operating margin of more than USD 350/t Further potential for production expansion and increases in Mineral Resources and Ore Reserves underway, with a substantial drilling budget for 2021 and 2022 Targeting FID for the start of construction before the end of 2021.

Positive

Core Lithium Ltd Announces Stage 1 Definitive Feasibility Study Sets Scene for Australia's Next Lithium Producer

2021-07-25 23:39:00

Advanced Northern Territory lithium developer, Core Lithium Ltd. announced an upgraded Definitive Feasibility Study (DFS), underpinned by a significant increase in Ore Reserves and Life of Mine (LOM), for the Company's wholly owned Finniss Lithium Project in the NT (Finniss Project). The DFS demonstrates the Project's economics to be compelling, with low capital costs and competitive operating costs that result in strong operating margins and rapid payback. Highlights: Stage 1 Finniss Lithium Project updated Definitive Feasibility Study (DFS) confirms that Core Lithium is well positioned to be the next lithium producer in Australia. 30% increase in Ore Reserves to 7.4Mt @ 1.3% Li2O prepared using the JORC Code 2012, underpinning a 8-year Life of Mine (LOM), with additional Mineral Resource inventory to potentially further increase LOM. Stage 1 mine plan comprises open pit production from Grants and Hang Gong and underground at Grants, BP33 and Carlton prospects. High lithium grade and exceptional spodumene geo-metallurgy enable Core to produce high quality, coarse concentrate using simple DMS processing. Excellent DFS economics reflected in Reserves-backed pre-tax IRR of 53% and pre-tax NPV8 of AUD 221 million and life-of-mine EBITDA of AUD 561 million from revenue of AUD 1.3 billion. Low initial capital expenditure of AUD 89 million (including pre-production mining costs) enables a 2-year payback and confirms Finniss as one of Australia's lowest capital intensity lithium projects Life-of-mine average C1 Operating Cost (FOB) of USD 364/t concentrate generate a robust average operating margin of more than USD 370/t Further potential for Stage 2 production expansion and increases in Mineral Resources and Ore Reserves underway, with a substantial drilling budget for 2021 and 2022 Completion of the DFS now paves the way for the Company to progress debt finance opportunities and finalise other customer and equity financing discussions Targeting FID for the start of Stage 1 construction, which is scheduled to commence before the end of 2021.

Neutral

Core Lithium Ltd Receives $6 Million Modern Manufacturing Initiative Grant from Australian Federal Government

2021-07-22 01:05:00

Core Lithium Ltd. announced it has been successful in its application for a $6 million grant under the Federal Government's Modern Manufacturing Initiative ("Grant"). The Australian Federal Government has awarded the Grant in recognition of the future commercial potential for Core to produce battery-grade lithium hydroxide ("LiOH") near the Finniss Lithium Project ("Finniss Project"). This is a highly encouraging early step in Core's path to assessing the longer-term potential of the Finniss Project, through local downstream processing of Finniss lithium concentrate. Core's immediate goal is to export spodumene concentrate from the Finniss Project, located 25km from Darwin Port, and is on track to commence construction before the end of this year, with first production by the end of next year (subject to financing). Core is completing a Scoping Study that examines the potential to capture more ofthe lithium value chain through downstream processing of this concentrate to produce LiOH. This Scoping Study will be followed up with the undertaking of Feasibility Studies which are being supported by the Grant. Core notes that these studies are being carried out in parallel with the Company's primary focus of developing the Finniss Project in line with its production timeframe.

Neutral

Core Lithium Ltd Signs Agreement with Power and Water Corporation to Connect Finniss to the Grid

2021-07-19 23:34:00

Advanced Australian lithium developer, Core Lithium Ltd. to announced the execution of a power connection agreement with Power and Water Corporation ("Agreement") in the Northern Territory. The two-year agreement allows Core to construct a physical link between the Finniss Lithium Project ("Project"), located near Darwin in the Northern Territory and the PWC Electricity System so that electricity can flow between the Project and the PWC Electricity System, securing physical capacity of 5,000 kVA which is sufficient to meet the needs of the Project. The signing of the PWC agreement ticks another box on Core's list of objectives to complete in the lead-up to the commencement of construction at the Project, which is expected to commence before the end of 2021. Power and Water is an NT government-owned corporation that transmits and distributes electricity, and provides water services, across the Northern Territory. The connection agreement is considered a Simple Connections agreement by PWC which allows Core to finalise the connection design and select a PWC approved contractor to construct the connection. Once the grid connection is constructed the infrastructure is transferred (gifted) to PWC after which PWC will provide the Project with a connection service. The transferred works are to be constructed in accordance with the PWC approved design, specifications provided by PWC, and all applicable laws and applicable Australian Standards. Once the connection is established, the Project will then be connected to low-cost power and Core will have the right to choose an electricity supplier, as well as the opportunity to utilise low-emission renewable and gas generated power.

Fundamental Summary

At a high level, the metrics from Core Lithium's Q4 financial report release were demonstrably positive. Their growth, value, and income factors performance indicate that company management is focused on the right targets and executing well. This relative strength should allow Core Lithium to continue to perform well even in a tough market. We gave Core Lithium a 76 rating and a HOLD recommendation.

Core Lithium. announced earnings results for the full year ended June 30, 2021. For the full year, the company announced net loss was AUD 2.912 million compared to AUD 4.386 million a year ago. Basic loss per share from continuing operations was AUD 0.0027 compared to AUD 0.0055 a year ago.

Business Description

Core Lithium engages in the exploration and development of lithium and various metal deposits in Northern Territory and South Australia. The company primarily explores for copper, gold, iron, silver, uranium, lead, and zinc deposits. Its flagship project is the Finniss Lithium project located to the south of Darwin port in the Northern Territory. The company was formerly known as Core Exploration Limited and changed its name to Core Lithium in November 2018. Core Lithium was incorporated in 2010 and is based in Adelaide, Australia.

Sector Overview

Core Lithium is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Core Lithium's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 238.9 226.4% 55
Liabilities 18.4 878.0% 37
Price to Book 9.2 133.3% 66
Cash & Equivalents 157.1 312.2% 94
Equity 220.5 209.2% 82
EBITDA -5.4 -89.5% 47
Total Revenues 0.0 0.0% 87
Parameter Value Change Score
Return on Equity -4.2 25.2% 81
Net Cashflow 152.6 417.8% 61
Capital Expenditure -31.4 -292.5% 76
Asset Turnover 0.0 0.0% 72
Free Cashflow -0.0 -188.8% 69

* All values are TTM

The below chart reflects Core Lithium's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Core Lithium's peer average final assessment score stands on 63.0, Core Lithium's score is 76.

  •  CXO
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 26 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 27 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 28 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 29 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 30 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 31 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 32 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 33 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 34 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 35 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 36 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 37 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 38 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 39 1
Equigold NL 854.0M 50 65 87
Hold
67
67 40 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 41 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 42 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 43 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 44 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 45 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 46 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 47 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 48 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 49 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Core Lithium's stock is now priced above its 5-day and 200-day, but below its 50-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Core Lithium's stock indicates that it's likely oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 62.

Neutral 62
Close Price 1.04
52W Low 0.22
52W High 1.6
5D MA 0.93
50D MA 1.23
200D MA 0.85
MACD -0.08
RSI 0.75
STOCH 47.62

Balance Sheet Analysis

Overall, Core Lithium's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Core Lithium reported a positive trendline in their cash and cash equivalents metrics. Specifically, they reported that cash and cash equivalents were 157.1, representing 312.2% change from the last report. Its impressive cash and cash equivalents metrics should support upward pressure on its's stock price. The company's cash and cash equivalents movement, therefore, received a grade of 94. Also, Core Lithium produced great equity metrics for this filing, demonstrating management's skill in increasing shareholder value. Core Lithium's equity was reported as 220.5, which represents a 209.2% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. These equity changes appear exceptionally balanced and impressive objectively compared to their peers. Consequently, their equity movement received a grade of 82. However, one discouraging result, Liabilities, stood out. In terms of liabilities, Core Lithium published uninspiring results. Their reported liabilities were 18.4, representing a 878.0% change from the previous report. These liabilities metrics show that management has been unsuccessful in encouraging healthy growth while managing liabilities. Therefore, we rated their liabilities movement with a score of 37. Their balance sheet received an overall score of 83.

Parameter Value Change Score
Assets 238.9 226.4% 55
Liabilities 18.4 878.0% 37
Price to Book 9.2 133.3% 66
Cash & Equivalents 157.1 312.2% 94
Equity 220.5 209.2% 82
* All values are TTM

The below chart describes Core Lithium's performance as reflected on its balance sheet with respect to its peers. While Core Lithium received a balance sheet score of 83, the average of its peers stands on 62.0.

  •  CXO
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 26 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 27 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 28 1
West African Resources Limited 1.3B 92 56 81 92 42 87 29 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 30 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 31 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 32 1
Lake Resources NL 1.2B 78 74 55 64 78 66 33 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 34 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 35 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 36 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 37 1
ioneer Ltd 867.9M 98 56 80 86 52 85 38 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 39 1
Equigold NL 854.0M 57 46 86 50 45 50 40 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 41 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 42 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 43 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 44 1
Imdex Limited 796.9M 59 69 83 61 75 71 45 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 46 1
St Barbara Limited 701.5M 80 69 51 49 61 53 47 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 48 1
Red 5 Limited 671.6M 49 45 39 55 96 47 49 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 50 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 51 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 52 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 53 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 54 1
Neometals Ltd 531.9M 97 77 46 50 97 60 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Core Lithium appears likely to maintain its strong income statement metrics and momentum going forward. Core Lithium's financials reveal an interesting trend for their revenue efficiency. This characteristic can affect companies in the same industry and market capitalization by up to 24.0%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. The company's revenue efficiency, therefore, received a grade of 87. Also, Return factors metrics and ratios were exceptional in this report. Core Lithium reported a return on equity (ROE) ratio of -4.2, representing a change of 25.2% from the last report. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. Therefore, its return factors component earned a score of 81. On the other hand, EBITDA, jumped out as looking problematic. Core Lithium reported concerning EBITDA this period. At filing, EBITDA was reported as -5.4, representing -89.5% change from the previous period. This metric might have a 20.0 percent impact on companies in the same industry and with the same market capitalization. Their EBITDA metrics are even more problematic when compared to their peers. Its EBITDA movement, therefore, received a grade of 47. Its income statement, therefore, earned a score of 70.

Parameter Value Change Score
EBITDA -5.4 -89.5% 47
Total Revenues 0.0 0.0% 87
Return on Equity -4.2 25.2% 81
* All values are TTM

The below chart describes Core Lithium's performance as reflected on its income statement with respect to its peers. While Core Lithium received a income statement score of 70 , the average of its peers stands on 67.0.

  •  CXO
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Chalice Mining Limited 1.5B 99 65 76 81 26 1
Grange Resources Limited 1.5B 74 61 61 64 27 1
Capricorn Metals Ltd 1.3B 37 98 97 69 28 1
West African Resources Limited 1.3B 43 84 63 59 29 1
Silver Lake Resources Limited 1.2B 95 42 41 63 30 1
De Grey Mining Limited 1.2B 44 45 76 47 31 1
Gold Road Resources Limited 1.2B 94 48 49 67 32 1
Lake Resources NL 1.2B 87 62 66 73 33 1
Sayona Mining Limited 1.2B 87 62 66 73 34 1
Regis Resources Limited 1.1B 65 50 45 53 35 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 36 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 37 1
ioneer Ltd 867.9M 87 55 60 69 38 1
Syrah Resources Limited 856.9M 38 67 62 50 39 1
Equigold NL 854.0M 79 44 91 65 40 1
Ramelius Resources Limited 828.4M 94 51 48 68 41 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 42 1
Jervois Global Limited 813.1M 37 94 93 71 43 1
Mincor Resources NL 808.9M 98 57 59 77 44 1
Imdex Limited 796.9M 77 60 56 56 45 1
Bellevue Gold Limited 722.0M 87 44 83 69 46 1
St Barbara Limited 701.5M 93 56 53 70 47 1
Emerald Resources NL 679.4M 37 96 94 68 48 1
Red 5 Limited 671.6M 95 58 66 75 49 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 50 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 51 1
Westgold Resources Limited 575.3M 84 58 43 65 52 1
OM Holdings Limited 563.6M 50 96 97 75 53 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 54 1
Neometals Ltd 531.9M 87 66 56 72 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Overall, Core Lithium's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Core Lithium's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -31.4, which represents a -292.5% change from the last period. This performance is all the more impressive relative to their peers and competitors. Consequently, their CapEx movement received a grade of 76. Also, Core Lithium's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Core Lithium recorded asset turnover of 0.0, which represents a 0.0% change from the previous report. This metric might have a 2.7 percent impact on companies in the same industry and with the same market capitalization. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. Therefore, its asset turnover movement earned a score of 72. That said, one metric, Net Cash Flow, stood out as strongly negative. Core Lithium's management was not successful in meaningfully improving their cash flow metrics. As of the current filing, they were reported as 152.6 and represented a 417.8% change from the previous period. As demonstrated by these concerning net cash flow metrics, their priorities seem to be headed in the wrong direction. Hence, their net cash flow earned a score of 61. Consequently, the company's cash flow earned a score of 69.

Parameter Value Change Score
Net Cashflow 152.6 417.8% 61
Capital Expenditure -31.4 -292.5% 76
Asset Turnover 0.0 0.0% 72
Free Cashflow -0.0 -188.8% 69
* All values are TTM

The below chart describes Core Lithium's performance as reflected on its cash flow with respect to its peers. While Core Lithium received a cash flow score of 69, the average of its peers stands on 68.0.

  •  CXO
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Chalice Mining Limited 1.5B 53 62 84 38 55 26 1
Grange Resources Limited 1.5B 75 79 76 62 73 27 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 28 1
West African Resources Limited 1.3B 73 84 42 58 66 29 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 30 1
De Grey Mining Limited 1.2B 80 69 76 61 73 31 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 32 1
Lake Resources NL 1.2B 68 69 76 60 68 33 1
Sayona Mining Limited 1.2B 68 69 76 60 68 34 1
Regis Resources Limited 1.1B 65 76 68 69 69 35 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 36 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 37 1
ioneer Ltd 867.9M 47 57 54 51 51 38 1
Syrah Resources Limited 856.9M 59 58 43 98 69 39 1
Equigold NL 854.0M 91 69 72 84 87 40 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 41 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 42 1
Jervois Global Limited 813.1M 43 51 38 82 54 43 1
Mincor Resources NL 808.9M 63 63 72 45 57 44 1
Imdex Limited 796.9M 71 72 79 73 74 45 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 46 1
St Barbara Limited 701.5M 54 46 71 55 56 47 1
Emerald Resources NL 679.4M 84 81 80 81 84 48 1
Red 5 Limited 671.6M 68 49 48 59 59 49 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 50 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 51 1
Westgold Resources Limited 575.3M 59 69 71 59 63 52 1
OM Holdings Limited 563.6M 75 90 90 75 82 53 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 54 1
Neometals Ltd 531.9M 62 54 71 52 60 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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