Australia’s next big lithium producer?
At a time when the sale of electric vehicles are growing, one only needs to look at Tesla share prices to see where global car markets are headed and how key businesses stand to benefit greatly. One Australian company well positioned to take advantage of this growing market is Core Lithium (ASX: CXO), which represents a high quality lithium opportunity.
At a time when the sale of electric vehicles are growing, one only needs to look at Tesla share prices to see where global car markets are headed and how key businesses stand to benefit greatly.
One Australian company well positioned to take advantage of this growing market is Core Lithium (ASX: CXO), which represents a high quality lithium opportunity.
In the past 12 months Core Lithium has been one of the best performing lithium stocks on the ASX, after delivering on their lithium project in the Northern Territory.
Core Lithium’s share price has increased 300%, since getting the approval from the Northern Territory government to commence construction in a new location near Darwin. The company has since signed their first european uptake and prolonged the project’s Life of Mine to 7 years, contributing to their $40 million Enterprise Value (EV).
“We will be drilling and undertaking further resource and reserve growth later this year and optimising and updating our feasibility study as we present the project later this year to finance markets to become Australia’s next lithium producer” Core Lithium’s Managing Director Stephen Biggins said in a live investor briefing yesterday.
- High-grade lithium Resources
- 6.0 % Li2O conc. produced at high lithium recovery +70%
- Simple DMS processing (no flotation)
- Significantly decreases capex, finance cost, risk and opex
- Low start-up capex (~A$75M) producing high revenues (~A$160M-A$170M/y)
- Production 175,000tpa high-quality lithium concentrate with low iron
- Mine Location 25km from Australia’s closest port to Asia and nearby Darwin capital city infrastructure
Yesterday, Core Lithium’s CEO, Stephen Biggins joined us for our fornightlighty “Meet the CEO” Webcast to tell us more about the company and the future. Watch the full webcast recording with Stephen Biggins below.
Join the upcoming ‘Meet The CEOs’ webcast – Click here to book your spot.
Recorded 29 July 2020 at 12pm.
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