Close Menu

Share with your friends

Close

Core Exploration (ASX: CXO)

While most of the Aussie lithium exploration focus has been centred on Western Australia, one junior explorer is set to make its own mark in the underexplored Northern Territory.

Greenbushes, in the south of WA, is home to the highest grade and largest producing hard rock lithium mine in the world.

And whilst it is early days, Core Exploration (ASX: CXO), looks like it may have a similar prospect on its hands at its Finniss Lithium Project in the Northern Territory.

With a market capitalisation of just $32 million, there is significant upside for this well placed explorer, on the back of its significant lithium discovery last year.

With large scale pegmatites present, and high grade lithium discoveries, there are a number of parallels to CXO’s emerging story and the Greenbushes lithium mine.

And with $8 million in cash in the bank, CXO is well funded to fast track early stage development to see how it really stacks up against some of the much bigger WA lithium discoveries.

Having completed a successful Phase 1 and 2 RC and Diamond Drilling campaign, confirming several significant lithium discoveries, CXO will continue its aggressive drill programs in Q2 2017.

This campaign will be complemented by recent assays that have confirmed high grade spodumene pegmatite continuous over 300 metres in length and up to 30 metres wide.

The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

CXO is looking to tap into the exploding lithium market and put itself right in China’s lithium supply chain, having just signed a non-binding agreement with Darwin Ports to export its lithium.

Should CXO prove up a favourable lithium resource, its positioning as the closest Aussie port to Asian lithium markets could well put it on the global lithium map in future.

 

Latest Article

CXO’s Lithium Discovery in the NT May be About to Get Bigger

‘Oh Lithium, where art thou?’ That’s the collective thinking underpinning the activities of a peloton of early lithium explorers determined to commercialise this new-age, future-dependent metal with energy storage capabilities equal to that of a hibernating bear amidst a particularly harsh winter.

Mar 8, 2017 Continue Reading

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

[gravityform id="62" name="OM Popup NEW" title="false" description="false" ajax="true"]
  • This field is for validation purposes and should be left unchanged.
[gravityform id="62" name="OM Popup NEW" title="false" description="false" ajax="true"]
  • This field is for validation purposes and should be left unchanged.