23 Apr 2020security holder rights change● Neutral
1,000,000 unquoted performance rights lapsed under their terms, leaving 27.55M performance rights, 44.27M options and 792.5M shares. Administrative notice only; no new commercial information.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Apr 2020drilling result▲ Good
Final BP33 gravity test work produced concentrate at 6.0% Li2O with 71% recovery and 0.42% iron. The 2019 feasibility study assumed 5.5% at 72% recovery. Results feed the feasibility study update due this quarter.
7 Apr 2020investor presentation● Neutral
Non-deal investor presentation titled 'Front of the Line'. The text provided is mainly disclaimers repeating the 2019 feasibility study basis; no new information shown.
3 Apr 2020regulatory community update▲ GoodMajor
The NT Government approved Core's Mine Management Plan for Finniss, which Core calls the final regulatory hurdle to start site activities. This resolves the delayed approval flagged in December. Core aims to be construction-ready in 2020, ahead of sourcing debt and equity.
2 Apr 2020admin correction● Neutral
1,269,905 shares held in voluntary escrow will be released after 15 April 2020. Administrative notice only; no new commercial information.
1 Apr 2020security holder rights change● Neutral
1,300,000 unquoted performance rights lapsed under their terms. Share structure now shows 792.5M shares, 28.55M performance rights and 44.27M options. Administrative notice only.
26 Mar 2020regulatory community update● Neutral
Core says COVID-19 will delay its next round of resource drilling in 2020, but the resource upgrade, mine plan and feasibility study updates need no fieldwork and stay on track for H1 2020. Cash was $4M at 31 December. Offtake and financing talks continue.
10 Mar 2020investor presentation▲ Good
New BP33 test work produced concentrate at 6% Li2O with under 0.5% iron and 65-72% recovery, using simple gravity processing. Further test work is due in April. Resource estimates are expected in coming weeks, ahead of the feasibility study update in Q2 2020.
28 Feb 2020half year report● Neutral
Half-year to 31 December 2019: net loss $1.65M (prior period $1.07M). Cash rose to $4.0M from $2.39M, helped by $6.875M of royalty funding from Lithium Royalty Corp and a $0.35M placement. No debt is shown; total liabilities are $0.88M.
13 Feb 2020asset acquisition disposition● NeutralMajor
Core announces a new gold project, Adelaide River (application EL31886), 25km from Finniss, based on historic rock chips up to 170g/t gold. Results are unverified and not JORC-reported. Fieldwork is planned for Q2 2020; Core says lithium remains its focus.
4 Feb 2020investor presentation● Neutral
Corporate presentation at a mining investment event. The text provided is mainly disclaimers and cautionary notes repeating the 2019 feasibility study basis; no new information shown.
30 Jan 2020quarterly activities report● Neutral
December quarter report: drilling continued at Finniss, results at BP33 and Carlton were reported, and the Walabanba lithium project was acquired. Issued capital is 792.5M shares. Cash isn't shown in the text provided; the half-year report later shows $4.0M at 31 December.
23 Jan 2020drilling result▲ GoodMajor
Carlton assays include 35m @ 1.32% Li2O and 32m @ 1.52% Li2O, outside the current resource. At least two pegmatite bodies are confirmed, open to the south and at depth. Core says a significant Carlton resource expansion and maiden reserve are due this quarter.
20 Jan 2020admin correction● Neutral
Share registry provider changed from Security Transfer Australia to Automic Group from 20 January 2020. Administrative notice only; no commercial impact.
16 Jan 2020drilling result▲ GoodMajor
BP33 assays: 107m @ 1.70% Li2O (106.6m, estimated 40m true width), plus 19m @ 1.35% and 14m @ 1.02%, all outside the current resource. Confirms the December visual estimate. BP33 resource upgrade now planned for February; the updated feasibility study is due in the first half of 2020.
17 Dec 2019asset acquisition disposition▲ Good
Core completes the Walanbanba (EL 26848) purchase from Todd River Resources, issuing 1.32M shares (about $0.038, $50,000) escrowed to 30 June 2020. It adds to the Anningie/Barrow Creek holding, now over 3,250km2. Rock chips up to 4.63% Li2O are Todd River's unverified results.
12 Dec 2019drilling result● NeutralMajor
BP33 hole intersected 119m of pegmatite (105m strongly mineralised), outside the current resource and open at 400m depth. Resource and reserve upgrade is now planned for the March 2020 quarter. Mining Management Plan approval is taking longer than expected, and Core now aims to be development-ready as markets improve in 2020.
28 Nov 2019investor presentation● Neutral
AGM presentation. The text provided is mainly disclaimers and cautionary notes repeating the DFS basis; no new information shown.
28 Nov 2019agm notice● Neutral
All 16 resolutions passed on a poll at the 2019 AGM, including McComas's re-election as director and the director option and performance right grants. Lowest support was about 69% for the share plan resolutions. Administrative outcome.
28 Nov 2019other● Neutral
Chairman's AGM address: says the lithium price is weak and notes Alita Resources' receivership, but stays positive long term. Resources are nearing 10Mt at about 1.3% Li2O. Mentions the death of CFO Erik Palmbachs. No new project figures in the text provided.
25 Nov 2019drilling result▲ GoodMajor
All six completed deep RC holes at Carlton hit spodumene pegmatite over 31m wide (up to 44m), extending it about 100m deeper and 100m south, plus a second body. Assays are due in about 3 weeks; core expects a maiden Carlton reserve and larger resource.
28 Oct 2019drilling scheduled▲ Good
Core identifies two new pegmatite prospects at Finniss, Hendersons West (2km from Grants, 240m long) and McGrants (700m from Grants, 150m long). Deep RC drilling is planned in coming weeks. Early-stage targets only; no grades reported.
24 Oct 2019quarterly activities report● Neutral
September quarter report: resource-growth drilling began at Finniss and hit high-grade spodumene. Unconditional FIRB approval received for Lithium Royalty Corp's $8.12M for a 2.5% royalty. Issued capital is 790.3M shares. Cash figures not shown in the text provided.
17 Oct 2019director officer appointment● Neutral
Malcolm McComas, a former investment banker (head of investment banking at County NatWest, director at Grant Samuel), joins as non-executive director. Core says it is strengthening the board as it moves toward development. Ratification vote is at the 28 November 2019 AGM.
15 Oct 2019asset acquisition disposition● Neutral
Core acquires from Lithium Plus the rights to apply for an ancillary mineral lease at Finniss for $50,000 in shares (1.27M). The lease would add water availability; existing tenements cover 70% of water needs. The 11 October share price is corrected to $0.038.
15 Oct 2019admin correction● Neutral
Re-release of the 14 October BP33 drilling announcement. Text is identical except for an updated Figure 2; no new information.
14 Oct 2019drilling result▲ GoodMajor
Thick high-grade BP33 results, including 52m @ 1.28% Li2O and 56.75m @ 1.81% in a deep diamond hole, with grade rising at depth. Core expects a substantial BP33 Ore Reserve increase and sees potential for bulk underground mining; no new resource figure yet.
11 Oct 2019asset acquisition disposition● Neutral
Core agrees to buy two NT lithium tenements, Walabanba and Soldiers Creek, from Todd River Resources for $50,000 in shares each (2.64M shares in total), subject to due diligence. Both are near existing projects; small, early-stage additions.
9 Oct 2019drilling result▲ GoodMajor
First assays from the Finniss resource-growth drilling include 47.4m @ 1.53% Li2O at Grants, 31m @ 1.13% at Carlton and 13m @ 1.56% at Hang Gong. Core expects part of the Hang Gong target to convert to resource, though hole collapses limit tonnage.
25 Sept 2019annual report● Neutral
2019 Annual Report restates known facts: DFS (A$73M capex, A$114M NPV, 3.5-year life), $8.125M LRC royalty, US$20M Yahua prepayment. Management says it is working on a material mine-life increase and is considering equity and debt for project financing. Financial figures not shown in text.