A Video Update from our CEO.

Core Lithium Ltd (ASX: CXO) is making significant progress with the Finniss Lithium Project, moving towards a low-cost underground mining operation with a 20-year life.

The Company has received firm commitments for a $50 million Placement and $4.3 million through a Share Purchase Plan. Additionally, an updated Ore Reserve at Carlton has increased total reserves by 42%. With strong interest in funding, all future spodumene production is unencumbered. Cash balance at the end of September was $35.9 million, with approval for a $20.8 million Placement. CEO Paul Brown highlighted the positive results from the Restart Study, including a 42% uplift in Ore Reserves. The Company is well-capitalized and focused on advancing Finniss towards a Final Investment Decision. No recordable injuries or environmental incidents were reported during the quarter, and the Company is actively managing its financial position. Core has completed a capital raising to accelerate operations and strengthen its balance sheet.