21 Jan 2025other● Neutral
Administrative notice that the December quarterly report and investor webcast are scheduled for 23 January 2025. It contains no new business information.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Nov 2024investor presentation● Neutral
AGM slides; the text provided is only disclaimers and cautionary notes, with no new figures or announcements visible. It appears to repeat known information.
6 Nov 2024drilling result▲ GoodMajor
Finniss drilling hit 63m @ 1.67% Li2O from 166m at Blackbeard, inside Core's Mining Lease within 20km of the Grants plant. With Centurion, mineralisation spans over 600m. More drilling is planned after the wet season; it could feed restart studies and a future resource.
31 Oct 2024director officer appointment▲ Good
Alicia Sherwood joins the board as a non-executive director from 1 December 2024. She was most recently General Manager of Core's Finniss mine and previously held community roles at Rio Tinto. Adds Northern Territory stakeholder experience to the board.
24 Oct 2024investor presentation● Neutral
Slides accompanying the September quarterly report released the same day, repeating the A$61.3M cash position and restart-study timing already reported. The text provided is mostly disclaimers and adds no new figures.
22 Oct 2024other● Neutral
Administrative notice that the September quarterly report and investor webcast are scheduled for 24 October 2024. It contains no new business information.
21 Oct 2024drilling result▲ GoodMajor
Final Shoobridge holes returned 12m @ 2.93g/t gold from 56m (including 6m @ 5.12g/t), with a single-metre assay up to 19.76g/t. Less than 1km of the 4.5km trend is tested, and a 4,500m follow-up program has started, building on the September results.
27 Sept 2024annual report● Neutral
The 2024 Annual Report restates FY24 results: 95,020dmt produced, 97,423dmt sold, and A$1,396/dmt cash costs. The operation is on hold pending restart studies and lithium market conditions. Mining paused January 2024; the report adds no new headline figures in the text provided.
25 Sept 2024resource reserve update▲ GoodMajor
Finniss Ore Reserve is now 9.3Mt @ 1.38% Li2O (9.5-year notional life). BP33 reserve rose 223% to 8.7Mt, while Grants fell to 0.6Mt and no reserves are reported for smaller deposits such as Carlton. It supports restart studies; restart is not decided.
18 Sept 2024drilling result▲ GoodMajor
Shoobridge assays for 21 of 28 holes include 2m @ 12.9g/t gold from 54m, plus lithium up to 1.41% Li2O at Barretts. Core plans expanded drilling aimed at a maiden gold resource, adding a gold angle beyond lithium; remaining results are due this month.
9 Sept 2024asset acquisition disposition● NeutralMajor
After its Charger offer lapsed, Core agreed to buy 7.6M Charger shares (9.8%) from Lithium Australia for 6.08M new Core shares, and a 30% free-carried Bynoe interest for A$500k cash, subject to Charger's 60-day pre-emptive right. Core has no current intention to make a takeover offer.
9 Sept 2024asset acquisition disposition● Neutral
Lithium Australia's side of the deal: it sells its 7.6M Charger shares to Core for ~6.1M Core shares (A$541k) and its 30% Bynoe interest for A$500k cash, subject to Charger's pre-emptive rights. It keeps upside if Charger is taken over within 9 months.
6 Sept 2024other▼ Bad
S&P Dow Jones index notice: Core Lithium is removed from the S&P/ASX 300 effective 23 September 2024, following its earlier ASX 200 removal in March 2024. It carries no company operating news.
2 Sept 2024drilling scheduled● Neutral
Core has applied for approvals to drill at its 100%-owned Napperby uranium project, which holds an 8.03Mlb U3O8 inferred resource, with drilling expected later this year. It also flagged gold, niobium and rare earth style targets; Entia and Fitton uranium projects are being reassessed.
21 Aug 2024drilling spud● Neutral
Core finished the maiden Shoobridge drilling (3,535m) and has started a 12,000-15,000m Finniss program targeting new lithium within trucking distance of the Grants plant. Shoobridge assays are due in September and Finniss results in the December quarter.
19 Aug 2024business combination● NeutralMajor
Core confirms it offered Charger Metals a non-binding all-share scheme merger, 0.9 Core shares per Charger share, first proposed on 25 July 2024. The offer is subject to due diligence, and Core says Charger has not provided access. It would add Charger's Bynoe and Lake Johnston projects.
19 Aug 2024business combination● NeutralMajor
This is Charger Metals' announcement, not Core's. Charger says it received Core's unsolicited non-binding all-scrip offer of 0.9 Core share per Charger share (about A$6.5M, A$0.084 per share), and its board says the terms undervalue it. This is the first public sign of Core's bid.
19 Aug 2024other● Neutral
ASX temporarily paused trading in Core shares pending a further announcement. This is a procedural step; the Charger bid disclosed the same day is the likely context (inference).
7 Aug 2024investor presentation● Neutral
Diggers & Dealers presentation by CEO Paul Brown. Only the disclaimer pages are visible in the text provided, so no new information can be confirmed.
16 July 2024other● Neutral
Administrative notice of the timing of the June quarterly report (17 July) and investor webcasts (17 and 18 July). It contains no new business information.
11 July 2024drilling spud● Neutral
Drilling has started at Shoobridge, with a 2,800m scout reverse circulation program testing old tin-tantalum workings for lithium for the first time, plus a 4.5km gold trend. It is the first drilling of the FY25 exploration program, following the 2023 program.
8 July 2024production update● NeutralMajor
FY24 concentrate production was 95,020dmt, at the top of the 90,000-95,000dmt revised guidance, with sales of 97,423dmt. Processing has now stopped and Finniss is paused. Cash was A$87.6M with no debt; an NT royalty assessment of about A$6.4M for FY23 will be contested.
24 June 2024director officer appointment● Neutral
James Virgo, interim CFO since March 2024, is appointed permanent CFO from 24 June 2024. Outgoing CFO and interim CEO Doug Warden leaves at the end of the month. This settles the interim finance role.
20 May 2024director officer appointment▲ GoodMajor
Paul Brown, currently CEO of Hastings Technology Metals and formerly of Mineral Resources (CEO Lithium and Iron Ore), is appointed permanent CEO from 4 June 2024, ending the search after Gareth Manderson's departure. Interim CEO Doug Warden leaves in early July.
6 May 2024investor presentation● Neutral
Interim CEO presentation titled 'Preparing to Restart'. Only the disclaimer pages are visible in the text provided, so no new information can be confirmed beyond the title suggesting restart planning.
11 Apr 2024resource reserve update▲ GoodMajor
Finniss resource rises 58% to 48.2Mt @ 1.26% Li2O, from 30.6Mt @ 1.31%. Lees and Booths combined grow 429% to 14.5Mt, and Seadog gets a maiden resource. Measured and Indicated is 27.9Mt, about 58% of the total.
22 Mar 2024drilling result▲ Good
Final 2023 assays include 70m @ 1.40% Li2O at Ah Hoy and 78m @ 1.30% Li2O at Seadog, plus new regional targets. A resource update is expected next month, and a new exploration strategy and budget next quarter, focused on larger pegmatite targets.
12 Mar 2024director officer appointment▼ BadMajor
CEO Gareth Manderson, in the role since August 2022, steps down; CFO Doug Warden becomes interim CEO and James Virgo interim CFO from 18 March. An executive search is under way. Core also notes inbound enquiries about its Napperby and Fitton uranium projects.
12 Mar 2024half year report▼ BadMajor
Half-year to 31 Dec 2023: revenue A$134.8M but net loss A$167.6M, including A$119.6M impairment (confirming the flagged Finniss writedown) and A$27.6M onerous contract provisions. Cash was A$124.8M; 49,530t concentrate produced. The loss contrasts with the FY23 profit.
12 Mar 2024half year report▼ Bad
Results release for the half-year: net loss A$167.6M after a A$119.6M impairment and A$27.6M onerous contract provisions; revenue A$134.8M, cash A$124.8M. FY24 production guidance revised to 90,000-95,000t concentrate. Primero has been given notice that plant operations end once stockpiles are processed.