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Core Lithium

ASX:CXO
No current share price held for this company.
No price history held for this listing yet.
Market cap
—
Shares on issue
—
Story beats
258 since 2010
Last event
19 Oct 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

18 Mar 2026debt financing▲ GoodMajor

Board approved FID to restart Finniss, backed by US$120M (A$170M) strategic funding: a US$70M Glencore/InfraVia convertible note and US$50M Nebari secured loan, plus an intended A$120M equity raise. Glencore also gets a marketing arrangement. This resolves the long-running funding and FID threads.

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2 Mar 2026director officer appointment▲ GoodMajor

CEO Paul Brown is appointed Managing Director, joining the Board, with no change to his responsibilities or pay. Mark Hine, an experienced mining engineer, joins as independent non-executive director, bringing underground mining expertise ahead of FID.

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27 Feb 2026half year report● Neutral

Half-year report to 31 December 2025 reviews the Grants open-pit-first plan and the Carlton reserve, with total Finniss Ore Reserve at 15.6Mt @ 1.27% Li2O. The extract shows no financial results; the operational points repeat earlier announcements.

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26 Feb 2026material agreement▲ GoodMajor

Core signed an unconditional fixed-price sale of its ~5,100dmt spodumene concentrate stockpile to Glencore at a SC6 equivalent of ~US$2,023/t, over 50% above the restart study price. Payment is due in the June quarter 2026; ~75,000dmt of fines remains unsold.

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8 Jan 2026price query● Neutral

ASX queried a share price rise from A$0.29 to A$0.345 on heavy volume. Core replied it knew of no unannounced information explaining the trading and confirmed it is complying with disclosure rules.

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23 Dec 2025asset acquisition disposition● Neutral

Elevate Uranium announces it has acquired Core's former uranium subsidiary, including the Napperby inferred resource of 8.03Mlb U3O8, plus Fitton and Entia. This is the buyer's side of Core's sale, which Core announced the same day.

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23 Dec 2025asset acquisition disposition▲ GoodMajor

Core sold its Napperby, Fitton and Entia uranium projects to Elevate Uranium for A$5M (A$2.5M cash, A$2.5M in Elevate shares), plus a 1% royalty on Napperby. The sale is complete, with proceeds for working capital and focus on the Finniss restart.

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22 Dec 2025security holder rights change● Neutral

The small share sale facility completed: 35.1M shares (about 1.3% of capital) from 21,817 holders sold at A$0.2375. About 4,364 holders kept their shares. This resolves the facility opened in October.

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14 Nov 2025investor presentation● Neutral

AGM slide deck for 14 November 2025, mainly disclaimers and competent person statements referencing prior reserve and resource announcements. The extract shows no new figures; the substance repeats known points.

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14 Nov 2025other● Neutral

AGM chair's address repeats known points: the restart study is complete, and the Board is not yet at a point to consider restarting, which depends on market conditions and project financing. It notes the August raising and the Carlton and Grants reserve updates.

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10 Nov 2025resource reserve update▲ GoodMajor

Grants will be mined first as an open pit, moving underground later, cutting Grants pre-production capital by A$35-45M and bringing first ore within a month of mobilisation. Grants Ore Reserve rises 33% to 1.53Mt @ 1.42% Li2O. This revises the May underground-only plan.

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31 Oct 2025security holder rights change● Neutral

Core set up a free share sale facility for holders of parcels worth under A$500 (4,545 shares or fewer). That covers 27,279 holders and 1.7% of shares. Holders can opt out by 16 December 2025.

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23 Oct 2025remuneration report● Neutral

CEO Paul Brown's fixed pay rises with CPI to A$625,125, effective 1 July 2025. His maximum short-term bonus rises to A$562,612 and long-term incentive to A$937,687, both weighted toward performance.

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29 Sept 2025capital raising announcement● Neutral

The share purchase plan raised about A$4.3M at A$0.105, issuing 41.3M shares, well short of the ~A$10M targeted. Combined with the A$50M placement, this completes the August raising apart from placement Tranche 2.

What it means for a shareholder

41.3m new shares at about A$0.1041 to raise about A$4.3m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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26 Sept 2025other● Neutral

Annual corporate governance statement and Appendix 4G, covering the year to 30 June 2025. Compliance filing with no new business information.

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26 Sept 2025annual report● Neutral

FY25 annual report (year to 30 June 2025). The text provided covers the chair's letter: the restart study is complete, but the Board says it is not yet at a point to consider restarting, as that depends on project financing and market conditions. No new figures in the extract.

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25 Sept 2025material agreement termination▲ GoodMajor

Core terminated its final offtake agreement, with Ganfeng, for a one-off US$2M payment. With Yahua already settled in May, all future Finniss spodumene is unencumbered and available to funding partners or spot sales. This resolves the open Ganfeng thread.

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10 Sept 2025resource reserve update▲ GoodMajor

Maiden Carlton Ore Reserve of 4.5Mt @ 1.19% Li2O lifts total Finniss Ore Reserves 42% to 15.2Mt @ 1.26% Li2O (192kt contained, up from 138kt). The restart mine schedule is now 87% backed by reserves, up from 61%.

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4 Sept 2025capital raising announcement● Neutral

The share purchase plan opened for eligible shareholders to buy up to A$30,000 of shares at A$0.105, the same price as the placement, targeting about A$10M. It closes 24 September 2025. Proceeds go to working capital.

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28 Aug 2025investor presentation● Neutral

Equity raising presentation supporting the A$50M placement at A$0.105 and share purchase plan announced the same day. The text provided is mostly disclaimers and adds no new figures.

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28 Aug 2025capital raising announcement▲ GoodMajor

Core raised A$50M at A$0.105 per share (about 476.2M shares) in a two-tranche placement run by Argonaut and Canaccord, with cornerstone investors led by Fourth Sail Capital, plus a planned A$10M share purchase plan. Tranche 2 (~A$20.8M) needs shareholder approval.

What it means for a shareholder

476m new shares at about A$0.105 to raise about A$50.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

Create a free account to see this worked out for your own holding.

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14 May 2025investor presentation● Neutral

Slides accompanying the restart study released the same day. The text provided is mostly disclaimers and competent person statements, and adds no new figures beyond the study announcement.

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14 May 2025other▲ GoodMajor

Restart study outlines a 20-year underground operation: unit costs A$690-785/t, pre-production capex A$175-200M (down 29%), ~205ktpa concentrate, A$1.2B free cash flow at US$1,330/t. Morgan Stanley is advising on funding. A final investment decision remains subject to market conditions and funding.

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14 May 2025other● Neutral

Administrative notice of an investor webcast and call at 2pm AEST on 14 May 2025 to discuss the restart study results. It carries no new business information.

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14 May 2025resource reserve update▲ GoodMajor

Total Finniss Ore Reserve rose to 10.73Mt @ 1.29% Li2O, from 9.25Mt, with Grants doubling to 1.15Mt via a switch to underground mining. Mineral Resource edged up 0.6% to 48.5Mt @ 1.26% Li2O after adding tailings and stockpile material.

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12 May 2025material agreement termination● NeutralMajor

Core terminated the legacy Yahua offtake agreement (signed 2019) for a US$2M cash payment. Core says this gives more scope to secure strategic funding for a restart. This settles the pending Yahua true-up thread.

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27 Mar 2025material agreement termination● NeutralMajor

Core ended its last operating contracts from the Finniss production period, taking 100% ownership of all site infrastructure for a total A$19.5M payable over four months. It says this cuts care-and-maintenance costs. The restart study stays on track for the June quarter.

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12 Mar 2025drilling result▲ Good

Final Shoobridge assays include 46m @ 0.75g/t gold from 3m and 34m @ 0.97g/t from 49m, suggesting a large shallow oxide gold system over 800m of strike. Core will assess low-cost bulk open-pit potential, while keeping the lithium restart study as its focus.

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28 Feb 2025half year report● Neutral

Half-year accounts to 31 December 2024 show a comprehensive loss of A$17.2M, far below the prior half's A$167.6M loss that included an impairment. The restart study is on track for Q4 FY25, and restart is subject to market conditions and raising funds.

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23 Jan 2025investor presentation● Neutral

Slides for the December quarterly report released the same day, repeating known points such as the cash balance and restart study timing. The text provided is mainly disclaimers and adds nothing new.

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