September Quarterly Investor Call Recording

On 24 October 2024, Core Lithium CEO Paul Brown and CFO James Virgo hosted a conference call and webcast for investors to discuss the Company's quarterly activities report for the period ended 30 September 2024.

To view the presentation, please follow the link: here

To listen to the recording, please follow the link: here.

Quarterly summary

• Significant expansion in the BP33 Ore Reserve to 8.7Mt @ 1.38% Li2O, providing a robust basis for ongoing restart studies

• Restart studies remain on track for completion in the second half of FY25, with Finniss maintained in a state of operational readiness. The newly appointed Chief Operating Officer will oversee this work

• RC drilling at Shoobridge has delivered encouraging results, confirming multi-commodity potential:

  • Shallow high-grade gold mineralisation has been intersected over 1km of strike, including 2m at 12.9g/t Au from 54m at Mount Shoobridge

  • Lithium mineralisation confirmed, with grades of up to 1.41% Li2O at Barretts

• Investment in Charger Metals and conditional acquisition of Lithium Australia’s 30% free carried interest in Charger’s Bynoe Lithium Project

• Cash balance at 30 September 2024 of $61.3 million after settling various one-off payments related to operating suspension cost at Finniss, royalty payments and exploration expenditure

• 5,178wmt of spodumene concentrate and 75,000wmt of lithium fines available for sale

Commenting on the quarter, Core CEO Paul Brown said:

"We are pleased with the progress made across various areas of the business during the September quarter. It was an important time for the Company, during which we addressed and resolved several key outstanding issues. Safety remains our top priority, and I am pleased to report that no recordable injuries or environmental incidents occurred during the quarter. Our commitment to maintaining a safe and compliant operating environment continues to be central to our approach as we prepare for the future resumption of operations.

A key highlight was Core's delivery of a strong Ore Reserve estimate for Finniss, now standing at 9.25Mt at 1.38% Li2O. This solid foundation underpins our ongoing restart studies and aligns with our strategy to resume operations at Finniss.

Exploration activities have yielded positive results, particularly with the discovery of shallow, high-grade gold mineralisation at Shoobridge, opening new growth opportunities for Core. Furthermore, our strategic investment in Charger Metals and the Bynoe Lithium Project enhances our land position around the Finniss infrastructure, providing a strong platform for future development.

Despite some one-off costs in the quarter, our balance sheet remains robust. We will continue prudently managing our resources as we advance our growth strategy. Additionally, we are excited to welcome several seasoned professionals to the Core team, who will play pivotal roles as we progress with the Finniss restart plan."

View the quarterly report here