Australia's Core Lithium eyes best day in 1 week on funding for new mine

Core Lithium

19/05/2023 02:24

** Shares of Core Lithium  CXO.AX  rise as much as 3.6% to
A$1.145, post their biggest intraday percentage gain since May
12
    ** The lithium miner says its board has approved early works
funding of between A$45-50 mln ($30.52-33.92 mln) for its BP33
mine at its Finiss tenement in the Northern Territory
    ** Says Final Investment Decision for BP33 is expected by
end Q1 FY24
    ** Stock up 7.8% YTD, as of last close 
    

     ($1 = 1.4743 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))