March Quarterly Activities Report 2025

Commenting on the March quarter of 2025, Core CEO Paul Brown said:

“The March quarter saw strong momentum across our core priorities of progressing the Restart Study, maintaining site readiness and delivering high-impact exploration results.

Operationally, we completed the transition to full ownership of all site infrastructure. This reduces care and maintenance costs and gives us full control over future restart execution. Wet season stewardship also remained a priority, with proactive site maintenance, water management, and equipment servicing all progressing according to plan. No environmental incidents were recorded.

Exploration continued to deliver. At Shoobridge, final assays confirmed a large-scale shallow gold system with standout intercepts. Only 20% of the main anomaly has been drilled, pointing to significant potential upside. At Finniss, drilling plans are underway to test the exciting Blackbeard discovery.

Importantly, we stayed financially disciplined. Operating cash outflows were reduced, which was in line with expectations.

Our Restart Study is being finalised and remains on track for completion in the June quarter. Work this period focused on optimising the BP33 mine plan and improving plant efficiency. We're seeing real upside opportunities to simplify the design, cut costs and boost recovery without needing a flotation circuit. With $250 million already invested, we’re setting the foundation for a more competitive and resilient lithium operation.” 

Read the full ASX announcement