Each one in plain English, with the numbers worked through for a shareholder.
23 Apr 2026quarterly activities report▲ Good
March quarter cash was A$91.6M, up from A$48.7M, including Tranche 1 of the equity raise; a further ~A$37M of convertible note funds arrived after quarter end. First Grants ore is targeted in the June quarter and first concentrate in the September quarter. It largely recaps FID and funding.
Core received US$26M (~A$37M) from Tranche 1 of the Glencore/InfraVia convertible note. Tranche 2 needs FIRB and shareholder approval at the 5 May meeting. This is part of the funding package approved at FID.
Core awarded NRW a ~A$50M contract to mine the Grants open pit, with ore targeted from May 2026. Grants holds ~784kt of ore for ~134kt of SC5, with first concentrate shipment targeted early in the December quarter. BP33 boxcut works have also begun.
19 Mar 2026capital raising announcement▲ GoodMajor
The intended A$120M raise is fully committed at A$0.21 a share, a 4.5% discount to the last price of A$0.22. A$53M Tranche 1 is unconditional; A$67M Tranche 2 needs shareholder approval. About 571M new shares will be issued, diluting existing holders.
Presentation accompanying the 18 March 2026 FID and funding announcement, including the equity placement with unconditional and conditional parts. The extract is mostly disclaimers and shows no new figures; it repeats the FID and funding package already announced.
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.
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.
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.
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.
Cash rose to A$48.7M at 31 December 2025 from A$35.9M, helped by Tranche 2 and the A$2.5M uranium cash. Total Ore Reserve is 15.6Mt @ 1.27% Li2O. FID technical work is advancing and strategic funding talks continue.
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.
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.
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.
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.
All resolutions passed on a poll, including the remuneration report (92.1% for) and Alicia Sherwood's election. The 7.1A placement mandate was withdrawn because market capitalisation exceeded A$300M, making Core ineligible.
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.
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.
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.
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.
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.
Cash was A$35.9M at 30 September 2025, up from A$23.5M, before the ~A$20.8M Tranche 2 now approved. Outflows included the final A$9.5M crushing plant payment and A$3.0M Ganfeng settlement. The strategic funding process reports strong interest; FID is still pending.
Shareholders passed both placement resolutions on a poll, each with 94% support: ratifying Tranche 1 shares and approving the 198.1M Tranche 2 shares. This clears the ~A$20.8M second tranche of the A$50M raising.
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.
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.
Notice that the 2025 AGM will be held on 14 November 2025, with director nominations closing 2 October 2025. Administrative only, no new business information.
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.
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%.
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.
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.