Core Lithium Ltd · ASX:CXO
Core Lithium — Core Exploration — RIU Conference and Investor Briefings Perth 2017
23 slides from Core Lithium's conference presentation, Feb 22, 2017
Slide 1: Finniss Lithium Project
For personal use only FINNISS LITHIUM PROJECT RIU Conference and Investor Briefings Perth Feb 2017 ASX code: CXO
Slide 2: Disclaimer
DISCLAIMER For personal use only 2 | LITHIUM | Feb 2017 | Core Exploration Ltd
Slide 3: Why Invest in CXO
WHY INVEST IN CXO • Multiple Thick High Grade Spodumene intersections from a number of prospects in 2016 drilling For personal use only confirms Finniss Lithium Project near Darwin as a significant new lithium discovery • $8M cash, no debt - well funded to fast-track early stage development • Core o
Slide 4: Finniss 2016 Lithium Drilling Results
FINNISS 2016 LITHIUM DRILLING RESULTS • Core’s first drill program at the Finniss Lithium Project in NT has hit multiple broad zones of high For personal use only grade lithium at a number of prospects confirming Finniss Project as a major new lithium discovery. • Recent RC drill results from Finnis
Slide 5: Company Information
COMPANY INFORMATION Share price For personal use only Shares Price A$ (21/02/2016) $0.086 Shares on issue ~374M Options ~114M Market cap (undil.) ~$32M Cash (31/12/2016) ~$8.3M Management EV ~$24M Liquidity (1Yr avg) ~9M shares/day Stephen Biggins – Managing Director ex SAU, IVR Greg English – Chair
Slide 6: ASX Lithium Sector Comparative Market Cap
ASX LITHIUM SECTOR COMPARATIVE MARKET CAP For personal use only 6 | LITHIUM | Feb 2017 | Core Exploration Ltd
Slide 7: CXO Dominant Position in NT Pegmatites
CXO DOMINANT POSITION IN NT PEGMATITES For personal use only Core has strong position in major Pegmatite Provinces in the NT: Finniss Building on Core’s expertise and experience in the NT, Core has identified and moved early to position the Company in pegmatite fields highly prospective for lithium
Slide 8: Finniss Lithium Project: Dominant Tenure with Large-Scale Upside
FINNISS LITHIUM PROJECT : Dominant Tenure with large-scale upside For personal use only Core’s dominant position in the Bynoe pegmatite field at the Finniss Lithium Project includes: • ~400km2 of granted tenure • High Grade Spodumene drill intersections at multiple prospects in first drill program •
Slide 9: High Grade Spodumene at Grants Over 300m Long, 200m Deep
HIGH GRADE SPODUMENE AT GRANTS OVER 300M LONG, 200M DEEP AND UP TO 30M WIDE For personal use only 9 | LITHIUM | Feb 2017 | Core Exploration Ltd
Slide 10: Diamond Core Drilling Reveals High Quality, Coarse Grain Spodumene
DIAMOND CORE DRILLING AT FIRST TWO PROSPECTS REVEALS HIGH QUALITY, COARSE GRAIN SPODUMENE For personal use only 10 | LITHIUM | Feb 2017 | Core Exploration Ltd
Slide 11: Diamond Core Drilling Reveals High Quality, Coarse Grain Spodumene
DIAMOND CORE DRILLING AT FIRST TWO PROSPECTS REVEALS HIGH QUALITY, COARSE GRAIN SPODUMENE For personal use only 11 | LITHIUM | Feb 2017 | Core Exploration Ltd
Slide 12: 2016 RC Regional Drilling Completed
2016 RC REGIONAL DRILLING COMPLETED For personal use only • Phase 2 RC drill program completed to test a range of pegmatite exploration targets at Finniss Lithium Project in late 2016 • Drilling to date has been restricted to the first granted licence EL 29698 (Core’s first granted EL at Finniss) •
Slide 13: High Grade Lithium Discovery at BP33
1st PROSPECT DRILLED BY CORE IN THE NT : HIGH GRADE LITHIUM DISCOVERY AT BP33 For personal use only 13 | LITHIUM | Feb 2017 | Core Exploration Ltd
Slide 14: Finniss Phase 2 RC Exploration Drilling: New Broad Pegmatite Intersections
FINNISS PHASE 2 RC EXPLORATION DRILLING : NEW BROAD PEGMATITE INTERSECTIONS For personal use only • Phase 2 RC identified a number of spodumene Far West North pegmatites on EL 29698 in 2016 • 6 of 7 pegmatites (almost all) were mineralised with lithium • 12m @ 1.22% Li2O from 67m including 2m @ 1.94
Slide 15: Pegmatites Comparable in Scale to Pilgangoora: Zola Prospect
Core’s work is discovering pegmatites comparable in scale to those at Pilgangoora. Example 1 : Zola Prospect For personal use only 15 | LITHIUM | Feb 2017 | Core Exploration Ltd
Slide 16: Pegmatites Comparable to Pilgangoora: Ringwood Prospect
Core’s work is discovering pegmatites comparable in scale to Pilgangoora. Example 2 : Ringwood Prospect For personal use only 16 | LITHIUM | Feb 2017 | Core Exploration Ltd
Slide 17: Finniss NT v Greenbushes WA
FINNISS NT v GREENBUSHES WA For personal use only Characteristics Greenbushes Finniss Tin production started in the 1880’s Early production from alluvials and then from primary pegmatites Tantalum production started in the mid 1900’s Large Scale Pegmatites Weathered near surface
Slide 18: Spodumene Concentrate Test Work Underway
FINNISS LITHIUM PROJECT NT Spodumence Concentrate Test Work Underway For personal use only • 400kg bulk sample from Grants at Nagrom to produce commercial +6% concentrates • Lithium-rich Pegmatites at Finniss are made up of Spodumene, Quartz and Feldspar that account for more than 90% of the rock •
Slide 19: Substantial Infrastructure Advantages
FINNISS LITHIUM PROJECT NT Substantial Infrastructure Advantages For personal use only • Core’s Finniss Lithium Project has substantial infrastructure advantages • Potentially best logistics chain to China of any Australian Lithium Project • Project is close to grid power, gas and rail infrastructur
Slide 20: Barrow Creek and Anningie Pegmatites Expand NT Lithium Focus
BARROW CREEK AND ANNINGIE PEGMATITES EXPANDS NT LITHIUM FOCUS For personal use only Core has Recently Acquired Large Granted Tenement Prospective for Lithium in Northern Arunta Pegmatite Province in NT • Barrow Creek is an early-stage look-alike to Core’s Finniss Lithium Project with a long history
Slide 21: Napperby Uranium Project
NAPPERBY URANIUM PROJECT For personal use only Core Secures Advanced NT Uranium Project • Napperby is an advanced uranium project with metallurgical and scoping studies completed (refer ASX 15/02/2017) • Only half of the historic mineralised area has been drilled out – obvious upside • Core also inh
Slide 22: Why Invest in CXO
WHY INVEST IN CXO • Multiple Thick High Grade Spodumene intersections from a number of prospects in 2016 drilling For personal use only confirms Finniss Lithium Project near Darwin as a significant new lithium discovery • $8M cash, no debt - well funded to fast-track early stage development • Core o
Slide 23: For personal use only
For personal use only The information in this report that relates to Exploration Results and Mineral Resources 21/02/2017 Wide High Grade Intersections at Finniss is based on information compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as 15/02/2017 Core Secures Napperby Uranium Resource Managing Di
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