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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.

19 Oct 2026drilling result▲ GoodMajor

Blackbeard diamond hole NMRD104 hit 92m @ 1.25% Li2O (~45m true width), including 73m @ 1.45%, its longest intersection there, ~80m up-dip of earlier NRC269 (63m @ 1.67%). NMRD108 partial: 29m @ 1.35%; more assays pending. Supports the Exploration Target; no resource yet.

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14 Oct 2026quarterly activities report▲ Good

September quarter cash was A$200M, up from A$182M, helped by the Tranche 2 note funds. First concentrate was produced and the final fines sold to Glencore. First shipment is still on target for December quarter. Reflux classifier delivery is due March quarter 2027.

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14 Oct 2026investor presentation● Neutral

Presentation accompanying the September quarterly report. The extract shows only disclaimers and competent person statements, with no new figures; it appears to repeat the quarterly report.

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12 Oct 2026other● Neutral

Notice only: the September quarterly report is due 14 October 2026, with a webcast and Q&A. No new business information.

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6 Oct 2026agm notice● Neutral

Notice that the 2026 AGM is planned for 25 November 2026, with director re-elections. Director nominations close 13 October. Administrative only.

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24 Sept 2026director officer appointment● Neutral

Board lifted MD Paul Brown's fixed pay from $625,125 to $765,000 from 1 July 2026. It also proposes a one-off Finniss Payback Incentive (max $1.377M of rights), subject to shareholder approval. STI and LTI are unchanged.

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24 Sept 2026annual report● Neutral

Core's 2026 Annual Report recaps the restart: FID in March, mining under way, first Grants shipment targeted December quarter, BP33 first ore mid-2027 and steady state mid-2028. No lost time injuries in FY26. Mostly repeats known facts.

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24 Sept 2026annual report● Neutral

Annual corporate governance statement and Appendix 4G for FY26. Administrative compliance document; the extract says all directors except the MD are considered independent. No new business information.

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8 Sept 2026production update▲ GoodMajor

First spodumene concentrate was produced at the restarted Finniss plant, within six months of the March FID and on the September quarter target. The plant is still commissioning; first shipment of new concentrate stays targeted for the December quarter.

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4 Sept 2026other▲ Good

S&P Dow Jones index notice listing Core Lithium as an addition to the S&P/ASX 300 from 21 September 2026. No company-specific business news; it is an index inclusion rather than a company announcement.

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4 Sept 2026material agreement▲ GoodMajor

Core sold its last ~25kt of fines stockpile to Glencore at a base price of ~US$285/t (~A$400/t), with proceeds due in the December quarter. This is the third sale and takes 2026 stockpile sales to ~A$38.5M, completing stockpile monetisation.

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2 Sept 2026asset acquisition disposition● NeutralMajor

Axiant listed on the ASX on 2 September, completing the gold and non-lithium spinout. Its IPO raised $8M at $0.20 a share (minimum raise), so Core holds about 33%: 20M shares plus 20M performance rights, escrowed 24 months.

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11 Aug 2026drilling result▲ GoodMajor

First BP33 extension hole NMRD100 hit 34.08m @ 2.09% Li2O from 578.7m, outside the existing 10.5Mt @ 1.53% resource, next to earlier hole NMRD085 (90.17m @ 1.80%). Four more holes planned. Extra Blackbeard rig is on its way.

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4 Aug 2026debt financing▲ GoodMajor

FIRB approval was received and Core got the ~US$44M (A$62M) Tranche 2 convertible note funds, the last condition. This completes the A$120M equity, US$70M convertible note and US$50M loan package from 18 March; Core says Finniss is funded to steady state in 2028.

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3 Aug 2026other● Neutral

Reminder that the Axiant IPO priority offer for eligible Core shareholders closes 5pm AWST on 6 August 2026. Parcels run from $2,000 to $20,000 at $0.20 a share. No new information.

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24 July 2026director officer appointment● Neutral

Anna Neuling joins as independent non-executive director and will chair the Audit Committee. Heath Hellewell, a director since 2014, retires on 31 July. This continues the board renewal flagged when McComas became Chair.

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16 July 2026asset acquisition disposition● Neutral

Axiant lodged its prospectus for 40-50M shares at $0.20 to raise $8-10M. Core gets 20M shares plus 20M performance rights for the gold assets, and would hold about 33.33% at minimum or 28.57% at maximum raise, undiluted. Listing still needs ASX approval.

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15 July 2026investor presentation● Neutral

Presentation accompanying the June quarterly report. The extract shows only disclaimers and competent person statements, with no new figures; it appears to repeat the quarterly report.

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15 July 2026quarterly activities report▲ Good

June quarter cash was A$181.8M, up from A$91.6M. Grants mining, BP33 decline start, the Glencore fines sales (~45kt) and first shipment are recapped. New: Core began an offtake process to assess proposals and strategic options. Grants first shipment is still on track for December quarter.

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13 July 2026other● Neutral

Notice only: the June quarterly report is scheduled for 15 July 2026, with a webcast. No new business information.

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26 June 2026asset acquisition disposition● NeutralMajor

Core signed a share sale agreement to sell its gold and non-lithium tenements, including Shoobridge, to Axiant for 20M Axiant shares and up to 20M performance rights. Axiant plans an $8-10M IPO at $0.20 a share, with a priority offer to Core holders. This firms up the earlier spin-out plan.

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22 June 2026production update▲ GoodMajor

Portal cut at BP33 and Develop mobilised, so underground decline work has started; first BP33 ore is expected mid-2027 and nameplate mid-2028. The first shipment, 20kt of fines and 5kt of concentrate, left Darwin, with payment due before end of June quarter.

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19 June 2026drilling scheduled▲ GoodMajor

Drilling began at Blackbeard, Core's priority growth target at Finniss: up to 12,150m to support a first resource estimate, with completion expected in the September quarter. Core also agreed to acquire the Bynoe lithium tenement (EL 30897) from Charger Metals. Existing target is 7-10Mt at 1.5-1.7% Li2O (conceptual).

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11 June 2026director officer appointment● NeutralMajor

Core plans to spin its gold and non-lithium NT and SA tenements into Axiant Resources via an IPO, keeping a significant stake and all lithium rights. Chair Greg English retires 30 June after 16 years; director Malcolm McComas becomes Chair.

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10 June 2026material agreement▲ Good

Core agreed a second Glencore fines sale: 25kt at a base price of ~US$270/t (~A$375/t), shipping in June 2026. Total 2026 stockpile sales reach ~A$28.5M. About 30kt of fines remain unsold. BP33 decline is still on track to start in July.

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20 May 2026production update▲ GoodMajor

First blasting and excavation began at the Grants open pit, restarting mining at Finniss. Ore is expected to be processed in the September quarter, with first concentrate shipment in the December quarter. Core says this is in line with the FID schedule and cost expectations.

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13 May 2026contract award▲ GoodMajor

Core awarded Develop Global a ~A$274M, three-year underground mining contract at BP33, with a two-year extension option. Mobilisation is targeted for June 2026 and decline works for July 2026. BP33 is expected to supply 88% of ore feed in the first ten years.

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8 May 2026capital raising announcement▲ GoodMajor

Tranche 2 of the equity raise completed: ~320M new shares for ~A$67M before costs. Core has received about A$157M net of costs so far. The convertible note's second tranche still awaits FIRB approval, and the BP33 underground contract is near award.

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5 May 2026agm notice▲ Good

All seven resolutions passed on a poll at the 5 May general meeting, including Tranche 2 placement shares (79% for) and Tranche 2 convertible notes (98% for). Director share issues were also approved. This clears the shareholder hurdle for the funding package.

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30 Apr 2026material agreement▲ GoodMajor

Core agreed to sell ~20kt of lithium fines to Glencore at US$290/t (~A$405/t) CIF, shipping May 2026. About 55kt of fines remain unsold. With the February concentrate sale, the two sales are expected to bring about A$18M.

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