Australia's Core Lithium rises on higher estimate at onshore project

Core Lithium

11/04/2024 02:29

** Shares of Core Lithium  CXO.AX  rise as much as 9.7% to
A$0.170, hitting their highest level since March 22
    ** Stock on track for best day since March 20, if gains hold
    ** The diversified miner reports 58% increase in lithium ore
mineral resource estimate to 48.2 metric tons at onshore project
    ** Co says 2024 exploration programme will target both
larger standalone deposits and clusters of smaller deposits at
abovementioned project
    ** Stock has fallen 38% this year, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))