Core Lithium (ASX:CXO) - Managing Director, Stephen Biggins
Managing Director, Stephen Biggins
Sourced: Mines and Money
The Market Herald - At The Bell

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  • Core Lithium (CXO) has confirmed excellent lithium recoveries in its final phase of Dense Media Separation (DMS) test work
  • Results show a six per cent lithium oxide concentrate can be produced with very low impurities at an overall recovery of 71 per cent
  • These results prove the robust metallurgy of the BP33 deposit within Core’s Finniss Lithium Project in the Northern Territory
  • Core is developing a lithium mine and production facility to supply the lithium battery market with a cost-competitive, high-grade product
  • These results will be included in an upcoming Feasibility Study
  • Core Lithium is up 7.32 per cent and shares are trading for 4.4 cents each

Core Lithium (CXO) has seen a major improvement in metallurgical performance from final test work on the BP33 deposit within the Finniss Lithium Project.

Dense Media Separation (DMS) recoveries were significant and showed that a six per cent Li2O concentrate can be produced with very low impurities at an overall lithium recovery of 71 per cent and at a coarse 6.3-millimetre crush size.

These tests were conducted on bulk samples of spodumene pegmatite from diamond core drilling at BP33. Overall, these results demonstrate the robust metallurgy of the deposit.

Finniss Lithium Project

The Finniss Lithium Project is located near Darwin, in the Northern Territory. Just recently, Core received approval to develop this project into the first lithium mine and production facility to be built outside of Western Australia.

These latest results from BP33 improve on and confirm previous test work results that produced exceptional quality lithium concentrate at better lithium grades, lower iron content, at higher recovery and at a coarse crush size. Core believes the Finniss lithium concentrate could be a preferred source for the lithium battery and electric vehicle market.

Results also confirm the potential for producing large quantities of Lithium Fines and Feldspar by-products.

Importantly, producing high-quality lithium concentrate by DMS-only processes significantly saves costs, which positions Core to be a sustainable and cost-competitive lithium producer.

Core Lithium is up 7.32 per cent and shares are trading for 4.4 cents each at 11:08 am AEST.

CXO by the numbers
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