Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

2 Pages (Click to Jump) V   1 2 >   
 
  
Reply to this topic

CXO, CORE EXPLORATION LIMITED
nipper
post Posted: Oct 17 2018, 08:14 AM
  Quote Post


Posts: 5,857
Thanks: 2125


QUOTE
Momentum is building to start the Northern Territory's first lithium mine and processing facility on the outskirts of Darwin. Resources company Core Exploration said it had struck high-grade lithium just 88 kilometres by road from the Port of Darwin, and expected to start mining next year.

Showing ABC Rural around the proposed mine site, Core managing director Stephen Biggins said the project's close proximity to Darwin meant it was close to power, gas, sealed roads and a local workforce.

"We're only 40 minutes' drive from the suburbs of Darwin and long-term it [the mine] should employ between 100 and 150 direct jobs," he said..........
https://www.abc.net.au/news/rural/2018-10-1...t-year/10377296

went on to say:
QUOTE
"Core is looking to be the first producer in the Northern Territory and are keen to do that as quickly as we can, because if we don't, the opportunity will go elsewhere."

The company will release its feasibility study before the end of the year and make a final investment decision early next year.

- sounds marginal



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jul 30 2018, 11:45 PM
  Quote Post


Posts: 6,104
Thanks: 2189


In Reply To: blacksheep's post @ Dec 1 2017, 10:13 AM

SP up 7.69% @ 5.6c on this news
30 July 2018
QUOTE
US$35M Pre-payment and Concentrate Offtake in Non-binding Term Sheet with Shandong RuiFu Lithium
HIGHLIGHTS
• Non-binding Term Sheet signed with Shandong RuiFu Lithium Co Ltd (“RuiFu”)a subsidiary of Shanghai-stock exchange listed Meidu Energy Co., Ltd providing for:
o Up to 150,000 tonnes lithium concentrate offtake per year from Core’s 100% owned Finniss Lithium Project;
o US$35 million conditional pre-payment facility to be provided by RuiFu; and
o Placement for approximately $3.0 million to RuiFu at 5 cents per share, resulting in RuiFu holding a 10% interest in Core.
• Ruifu is one of China’s largest lithium hydroxide and carbonate producers
• US$35M pre-payment from RuiFu, in addition to US$20M pre-payment from Yahua, expected to provide a non-dilutive finance solution to develop the proposed Grants mine and build the DMS concentrate plant
• PFS completed in June 2018 indicated total capital cost of A$53.5 million to develop the Grants deposit and DMS plant
• Core is currently completing a Feasibility Study for the development of the Finniss Lithium Project, targeting first deliveries in late 2019
• Core and Ruifu will now seek to establish Binding Agreements in the weeks ahead

Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 1 2017, 10:13 AM
  Quote Post


Posts: 6,104
Thanks: 2189


In Reply To: blacksheep's post @ Nov 28 2017, 10:55 AM

DSO Lithium Offtake Agreement and US$20 Million Prepayment
QUOTE
Agreement to Support Development of Finniss Lithium Project
HIGHLIGHTS
• Binding Offtake and Prepayment Agreements signed with Ya Hua International
Investment and Development Co. Ltd, a wholly owned subsidiary of Shenzhenstock
exchange listed Sichuan Yahua Industrial Group Co., Ltd (“Yahua”)
• Offtake Agreement provides for the supply of 1 million dry metric tonnes of
lithium DSO to be supplied from Core’s 100% owned Finniss Lithium Project in
the Northern Territory
• US$20 million conditional prepayment facility, to be repaid through the supply
of future DSO or Li2O concentrate production from the Finniss Lithium Project
• Core is currently undertaking a Pre-Feasibility Study for the development of the
Grants Mineral Resource, targeting first deliveries from mid-2019
• Yahua is one of China’s largest lithium hydroxide and carbonate producers




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 28 2017, 10:55 AM
  Quote Post


Posts: 6,104
Thanks: 2189


In Reply To: blacksheep's post @ Nov 23 2017, 01:12 PM

Wide High-Grade Lithium Drill Intersections at BP33
QUOTE
HIGHLIGHTS
• High-Grade Lithium drill assays received from BP33, including:
o 54m @ 1.42% Li2O from 101m in FRC103
o 46m @ 1.51%Li2O from 66m in FRC104
• The high grade lithium intersections represent some of the widest
spodumene intersections ever drilled in the Northern Territory
• Results confirm that BP33 spodumene pegmatite is open along strike both to
the north and to the south, and is thicker at depth than anticipated
• Awaiting assays for the next 25m drill interval in FRC104 (112m-137m) and
also FRC105
• Diamond Drilling has commenced immediately at BP33 to undertake followup
drilling and will continue to allow for an initial Resource estimate for BP33
• Additional drill assays from BP33 expected to be received over coming weeks
• BP33 located only 5km from the Grants Lithium Deposit
• Core expects BP33 to be added to the Company’s Lithium Resources at the
Finniss Lithium Project

Attached Image





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 23 2017, 01:12 PM
  Quote Post


Posts: 6,104
Thanks: 2189


In Reply To: blacksheep's post @ Nov 16 2017, 10:01 AM

Has requested a TH til 27/11..

QUOTE
the trading halt is requested pending the release of an announcement in relation to
significant drilling results;

Attached Image





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 16 2017, 10:01 AM
  Quote Post


Posts: 6,104
Thanks: 2189


In Reply To: blacksheep's post @ Oct 19 2017, 11:01 AM

Market responding to today's ann - SP up 19% currently @ 8.1c

16th November 2017
QUOTE
Widest Spodumene Pegmatite Intersections to date at BP33
in First Drillholes on Newly Acquired Bynoe Lithium Project
HIGHLIGHTS
• RC drilling commenced this week on the high-grade lithium BP33 Pegmatite
• Widest spodumene zones intersected to date returned by the initial drilling,
including:
• 65m aggregate interval of spodumene pegmatite from 59m-63m (4m) to
66m-118m (52m) and 128m-137m (9m)
• 55m intersection of spodumene pegmatite from 102-157m in FRC103
• Core’s previous best drilling at BP33 intersected high-grade lithium pegmatite
including 38m @ 1.5% Li2O
• Recent acquisition of adjacent tenements from Liontown is completed and
now Core owns 100% of BP33
• BP33 is highly complementary to Core’s Finniss Project, being close (5 km) to
Core’s Lithium Resource at Grants
• Core’s ongoing drilling aimed at defining continuity of grade and scale of BP33
• Assays expected within 4 weeks
• Drilling on Finniss and new Bynoe tenements to continue into 2018

Attached Image





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Oct 19 2017, 11:01 AM
  Quote Post


Posts: 6,104
Thanks: 2189


In Reply To: blacksheep's post @ Aug 29 2017, 08:36 PM

Up 25% this morning on this news

Core Applies for Mineral Lease to Develop Lithium Mine at Grants
QUOTE
HIGHLIGHTS
• Core has applied for a Mineral Lease over its 100 per cent owned Grants
Lithium Deposit
• Grants Lithium Deposit is one of highest grade Resources in Australia
• Development of Grants is also supported by one the best logistics chain to
China of any Australian Lithium Project in Australia
• The Mineral Lease is a key step in Core’s aspirations to develop the Grants
Lithium Project
• Preliminary Mining Study shows strongly positive outcomes for potential
development of DSO Spodumene Operations from Grants Resource
• Company is negotiating offtake agreement with leading Chinese lithium
producer Sichuan Yahua Industrial Group Co. Ltd

Attached Image





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 29 2017, 08:36 PM
  Quote Post


Posts: 6,104
Thanks: 2189


SP jumped 50% on this news. I'm always a little skeptical re Chinese MOU's, so DYOR. But from what I have read about Yahua, they appear legit.
QUOTE
$2M Placement to Yahua International to Advance Finniss
Lithium Project
HIGHLIGHTS
• Core and Ya Hua International Investment and Development Co. Ltd which is
wholly owned by Sichuan Yahua Industrial Group Co., Ltd have executed a
Framework Agreement and Subscription Agreement for a strategic placement and
negotiation of cooperation and spodumene offtake agreements
• Yahua has committed to subscribe for $2 million at 6 cents per share at a
substantial premium to Core’s recent market price

• Yahua Group is a A$2.2 billion A-share listed company on the Shenzhen Stock
Exchange, and is one of China’s largest lithium hydroxide and carbonate
producers, with significant expansion plans
• The parties have agreed to negotiate commercial offtake arrangements for DSO
lithium spodumene from Core’s lithium deposits located within the Finniss
Lithium Project
• Core and Yahua will work together to advance Finniss Lithium Project into
production, with a starter DSO open pit mining operation proposed from the
Grants deposit
• The signing of this Framework Agreement and Subscription Agreement with
Yahua reflects the strong level of interest from potential offtakers and
development partners for the high grade spodumene at the Finniss Lithium
Project near Darwin, Northern Territory

QUOTE
Yahua Lithium Profile
Yahua Lithium Industry mainly relates to two plates business, such as Lithium Resources Development and Lithium Salt Manufacture. For Lithium Resource Development, we have Lijiagou Lithium fai quarries, which has been proven to be the largest explored Lithium fai quarries in Asia,and we have the right of mining for it; it can be converted into 510,000 ton of resource for Lithium Hydroxide. For Lithium Salt Manufacture, we have the capacity for Lithium Hydroxide with 12,000 ton, Battery Grade Lithium Carbonate with 6000 ton, Lithium Dihydrogen Phosphate with 2500 ton, etc; we are the biggest manufacture enterprise for Lithium Hydroxide in the world, and our products have been used in all kinds of industries such as Batteries, Medicine, Metallurgy, Petrochemical, Glass, and Nuclear Industry.

http://www.scyahua.com/english/prooserv/industry/profile/
Attached Image





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
bemo
post Posted: Mar 9 2017, 03:07 PM
  Quote Post


Posts: 2


In Reply To: nipper's post @ Mar 9 2017, 01:05 PM

Seems like CXO is on a downward slide
I hold and hoping for improvement

 
nipper
post Posted: Mar 9 2017, 01:05 PM
  Quote Post


Posts: 5,857
Thanks: 2125


CXO touting Lithium .....in the NT. At least the Finness leases are close to Darwin.

This pumping article claims similarities to Greenbushes
http://www.nextsmallcap.com/cxos-lithium-d...may-get-bigger/



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


2 Pages (Click to Jump) V   1 2 >

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING