Australia's Core Lithium rises on plans to divest, list some gold assets
11/06/2026 06:07
BUZZ-Australia's Core Lithium rises on plans to divest, list some gold assets ** Shares of Core Lithium CXO.AX rise as much as 6.3% to A$0.255, their biggest intraday pct gain since June 1
** Company proposes to divest and spin out certain Northern Territory and South Australian exploration assets to create a new gold exploration firm named Axiant Resources
** The new venture will be divested via an initial public offering, and prospectus to be lodged with regulator ASIC in the third quarter
** Malcolm McComas appointed as Core Lithium Chairman as Greg English retires to become Axiant Chair
** YTD, Core Lithium shares down 7.3%
(Reporting by Nichiket Sunil in Bengaluru)
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