Core Lithium Ltd · ASX:CXO
Core Lithium — Q4 2024 Earnings Presentation
12 slides from Core Lithium's earnings presentation, Jan 23, 2025
Slide 1: December Quarter Update
ASX: CXO December Quarter Update 23 January 2025
Slide 2: Important and Cautionary Notes
Important and Cautionary Notes This presentation has been prepared by Core Lithium Ltd (“Core”, “Company”) and provides a general overview of the Company and its strategy. This presentation does not purport to be all-inclusive or to contain all the information that you or any other party may require
Slide 3: Quarterly Highlights
Quarterly Highlights Restart Study Strong Balance Sheet Sustainability Focus progressing well and remains on track for $50M cash balance maintained with no debt environmental June Quarter compliance during the quarter Outstanding Lithium Gold Prospectivity Drilling Results1 progressing at Shoobridge
Slide 4: Sustainability Performance
Sustainability Performance • No lost time injury or significant environmental incidents during the quarter. Two minor safety incidents occurred with our drilling contractor. • Preparatory works for wet season water management are in place: • Water storage at 52% capacity as planned • Repairs and ext
Slide 5: Restart Study – Mining
Restart Study – Mining • Restart study areas of focus BP33 and Grants underpin a simpler project with a notional operating life of 9.5 years at the rate of the existing 1Mtpa Finniss process infrastructure1 • Restart Study progressing well and remains on track for completion in June quarter 2025 • O
Slide 6: Restart Study – Processing
Restart Study – Processing • Ongoing work to date across mining and processing continues to align with our stated aim of delivering a more efficient, lower-cost operation at Finniss • Both mining and processing workstreams are supported by external engineering consultants • These efforts aim to ensu
Slide 7: Corporate – Balance Sheet
Corporate – Balance Sheet • Balance sheet remains strong with $49.7M in cash and no • Cash outflows in line with expectations, primarily relating to site debt maintenance, exploration, the Restart Study and corporate overheads • One-off non-recurring payment incurred from finalisation of • Stockpile
Slide 8: Outstanding Lithium Drilling Results
Outstanding Lithium Drilling Results • RC drilling of Lithium targets during the quarter targeted prospective zones adjacent to Finniss and Grants open pit • Highly encouraging results received from Blackbeard prospect1: ─ 63m @ 1.67% Li2O from 166m, including 20m @ 2.09% Li2O from 208m (NRC269) ─ 2
Slide 9: Growing Gold Potential at Shoobridge
Growing Gold Potential at Shoobridge • Mapping and sampling works previously identified a 4.5km long anomalous gold trend extending from north of Mount Shoobridge to the Old Company prospect. • A first phase of drilling totaling 11 RC holes for 1,456m was conducted in the September quarter, targetin
Slide 10: Value Proposition
Value Proposition Ideally placed to capture future value with infrastructure and key markets on our doorstep Strong cash balance and no debt provides stability The Northern Territory’s first and only lithium miner Disciplined approach to capital allocation and restart studies Restart study working t
Slide 11: Core Lithium Ltd Level 9, 2 Mill Street Perth, WA, 6000
Core Lithium Ltd Investor Enquiries Media Enquiries Level 9, 2 Mill Street Paul Brown Michael Vaughan Perth, WA, 6000 CEO Fivemark Partners info@corelithium.com.au +61 8 8317 1700 +61 422 602 720 Authorised for release by the Board of Core Lithium Ltd
Slide 12: Appendix: JORC Mineral Resource Estimate
Appendix: JORC Mineral Resource Estimate Mineral Resource Estimate for the Finniss Lithium Project 0.5% Li2O cut-off Resource Category Million tonnes (Mt) Li2O% Li2O Contained Metal (kt) Measured 6.33 1.41 89.3 Indicated 21.6 1.30 280 Inferred 20.3 1.18 239 Total 48.2 1.26 608 Note: Totals within th