Brief: Core Lithium Announces 39% Increase In Quarterly Spodumene Concentrate Production

Core Lithium

24/01/2024 24:53

Jan 24 (Reuters) - Core Lithium Ltd  CXO.AX :
    * 39% INCREASE IN QUARTERLY SPODUMENE CONCENTRATE PRODUCTION
TO
28,837T
    * 30,718T OF SPODUMENE CONCENTRATE SHIPPED IN THE QUARTER
    * DUE TO TEMPORARY SUSPENSION OF MINING OPERATIONS AND BP33
EARLY
WORKS, ALL FY25 GUIDANCE IS WITHDRAWN
    * DUE TO SUSPENSION OF MINING AND BP33 EARLY WORKS, PREVIOUS
COMMENTARY IN RELATION TO FY25 IS WITHDRAWN.
    * CASH OPERATING UNIT COSTS ARE EXPECTED TO BE LOWER AND
EXPECTED
TO BE WITHIN A$800/T-A$900/T IN H2FY24
    * SEES FY2024 SPODUMENE CONCENTRATE PRODUCTION 90,000-95,000
TONNES
    * PLANNED EXPLORATION & STUDY EXPENDITURE FOR H2 FY24
SIGNIFICANTLY REDUCED TO CONSERVE CASH

Source text for Eikon:  ID:nASXbKnfTx 
Further company coverage:  CXO.AX 

 ((Reuters.Briefs@thomsonreuters.com;))