6 Aug 2021other● Neutral
Core lodged an updated Securities Trading Policy under Listing Rule 12.10. It includes trading blackout periods for directors and staff. Administrative; no impact on operations or finances.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Aug 2021investor presentation● Neutral
Re-lodged copy of the 26 July DFS investor presentation, identical except for updated comparative data on slide 16. No new project results or announcements.
6 Aug 2021security holder rights change● Neutral
Notice that 21,739,130 shares held under voluntary escrow will be released after 18 August 2021, as required by the listing rules. These shares become freely tradable; administrative notice.
30 July 2021quarterly activities report● Neutral
June quarter report recaps the Stage 1 DFS and Extension Scoping Study (released after quarter end), the restarted Finniss drilling campaign and the Darwin port agreement. Share count unchanged at 1,174,117,254. Cash figures are not visible in the text.
27 July 2021investor presentation● Neutral
Invitation to an investor webinar on 28 July 2021, where the Managing Director will walk through the Stage 1 DFS presentation released 26 July. Administrative notice with no new information.
26 July 2021other▲ Good
A scoping study (preliminary) finds Core could sell about 110,000tpa of lithium fines at ~1.0% Li2O as a by-product, for A$8.4M extra capital. Potential offtakers have shown non-binding interest at US$75-85/t. It could cut concentrate C1 costs by US$23/t.
26 July 2021other▲ Good
A scoping study (preliminary, ±30% accuracy) adds inferred material to give a 10-year mine life, with pre-tax NPV8 of A$259M and 56% IRR. Capex stays at A$89M. 31% of production is not Ore Reserve; about A$5M extra funding would be needed.
26 July 2021resource reserve update▲ GoodMajor
Updated Stage 1 DFS lifts Ore Reserves 30% to 7.4Mt @ 1.3% Li2O, supporting an 8-year mine life. It shows initial capex of A$89M (up from US$50M in the 2019 DFS), pre-tax NPV8 of A$221M, 53% pre-tax IRR and 2-year payback. FID is targeted before end-2021 construction start.
26 July 2021investor presentation● Neutral
Investor presentation on the Stage 1 DFS and scoping studies released the same day. The visible text is cautionary notes only; it repeats the DFS and extension study results and adds nothing new.
22 July 2021material agreement▲ GoodMajor
Core won a $6M federal Modern Manufacturing Initiative grant to assess a lithium hydroxide plant at Darwin's Middle Arm precinct, following April's hydroxide test work. A feasibility study will follow a scoping study. Construction of the mine is still on track to start before end-2021, subject to financing.
20 July 2021material agreement▲ GoodMajor
Core signed a two-year grid connection agreement with Power and Water Corporation, securing 5,000 kVA of capacity for Finniss. This closes the open grid power thread. Construction is expected to start before end-2021, with first exports in 2022.
29 June 2021other▲ Good
Consultant ERM completed a greenhouse gas assessment of Finniss over its 7.5-year life. Core says Scope 1 and 2 emissions are lower than Western Australian peers on average, and concentrate transport emissions the lowest of any Australian lithium project. ERM will now do a life cycle analysis. No financial impact.
24 June 2021drilling result▲ Good
Gold nuggets found at the new Toolebuc prospect extend the Far East gold trend at Bynoe from 1,600m to 2,500m. Core won a $134,810 NT grant, covering 50% of two ~350m diamond holes at Far East, and set up a dedicated gold team. Lithium remains the main focus.
22 June 2021investor presentation● Neutral
Site visit presentation for Finniss, 22/23 June 2021, in Darwin. Visible text is cautionary notes and restates the 20 May Exploration Target of 9.8-16.2Mt at 0.8-1.4% Li2O. No new information is visible.
2 June 2021investor presentation● Neutral
Managing Director's Paydirt battery minerals conference presentation, titled 'Australia's Next Lithium Producer'. The visible text is mostly cautionary notes and repeats known resource, reserve and Exploration Target figures; no new results are visible.
1 June 2021drilling spud▲ Good
Diamond drilling started at Finniss, with RC and RAB rigs to follow in June, as the start of Core's largest lithium campaign. Gold exploration at Bynoe has also restarted. No results yet.
26 May 2021material agreement▲ GoodMajor
Core signed a 5-year Port Operating Agreement for Darwin Port facilities, covering truck dump, ship loader and conveyor. It converts the non-binding 2017 Heads of Agreement into a binding deal. Core targets first exports in 2022 after an FID expected in coming months.
20 May 2021resource reserve update▲ GoodMajor
Core set a new Exploration Target of 9.8-16.2Mt at 0.8-1.4% Li2O across seven prospects, on top of the existing 15Mt @ 1.3% resource. It is conceptual only, not a resource. NT approval to drill the acquisition leases was received.
14 May 2021other● Neutral
Core was added to the MSCI Australia Micro Cap Index from 27 May 2021. No operational or financial change for the company.
6 May 2021agm notice● Neutral
General meeting ratified the February placement: 162,007,000 shares (94% for) and 81,003,467 options (92% for). Both resolutions passed on a poll. Administrative follow-up to the capital raising.
5 May 2021drilling scheduled▲ Good
Core signed drilling contracts for what it calls its largest exploration and resource campaign, with RC and diamond rigs due on site later in May. It aims to more than double resources and mine life; Leviathan drilling approval is still awaited.
29 Apr 2021quarterly activities report● Neutral
March quarter report recapping the $40M placement, battery-grade hydroxide, Major Project Status, BP33 lease, Leviathan option and Bynoe gold results. Issued shares were 1,174,117,254. Cash figures are not visible in the truncated text.
28 Apr 2021other▲ Good
Yahua, Core's largest shareholder, plans to lift its lithium hydroxide output from 20,000tpa to 50,000tpa. Core restates its binding offtake of 75,000tpa concentrate to Yahua, about 40% of proposed Finniss output. No new agreement; a restatement of known terms.
23 Apr 2021drilling result▲ Good
A co-funded gravity survey with the NT Government mapped a 20km 'Grants Belt' of lithium pegmatites, running from Kings Table in the north to the Leviathan acquisition in the south. Core plans a large drilling campaign from May and says FID is targeted next quarter.
6 Apr 2021other▲ GoodMajor
Scoping-level ANSTO test work turned Finniss concentrate into battery-grade lithium hydroxide, with over 95% lithium extraction. Core is now considering downstream processing; FID is now targeted for Q3 2021, with offtake deals still being negotiated.
15 Mar 2021regulatory community update▲ GoodMajor
Federal Government awarded Finniss Major Project Status for three years, giving a single entry point for federal approvals. Core says construction is anticipated in H2 2021, subject to conditions including FID, with the updated DFS due in H1 2021.
10 Mar 2021half year report● Neutral
Half-year to 31 Dec 2020: net loss $914,980 (prior year $1.65M). Notes the Feb placement (reported as $40.5M, 162M shares) and the March option on six leases: exercisable to 31 Dec 2021, extendable twice for $250,000 each, plus $25,000 a year to the landowner.
4 Mar 2021asset acquisition disposition▲ GoodMajor
Core signed an option to acquire six granted mineral leases next to Finniss, holding over 30 pegmatites historically mined for tin and tantalum. Aim is to complete the acquisition in 2021 and add resource and mine life; drilling needs approvals, expected next quarter.
3 Mar 2021listing compliance notice● Neutral
ASX paused trading in Core's shares pending a further announcement. Administrative notice with no detail; the reason came the next day with the Finniss-adjacent mineral lease option deal.
17 Feb 2021security holder rights change● Neutral
600,000 performance rights and 1,000,000 unquoted options lapsed under their terms. Issued shares now stand at 1,164,437,321, with 81,003,467 new $0.45 options expiring 12 February 2023 listed among the unquoted options.