Brief: Core Lithium Ltd Updates On Strategic Review

Core Lithium

05/01/2024 01:04

Jan 5 (Reuters) - Core Lithium Ltd  CXO.AX :
    * STRATEGIC REVIEW UPDATE
    * STRATEGIC REVIEW TO PRESERVE BUSINESS VALUE IN LIGHT OF
WEAK
MARKET CONDITIONS IS CONTINUING
    * DECIDED TO CONTINUE PROCESSING OF ESTABLISHED ORE
STOCKPILES AND
TEMPORARILY SUSPEND MINING OPERATIONS IN GRANTS OPEN PIT
    * PROCESSING OPERATIONS WILL CONTINUE FROM EXISTING
STOCKPILES AND
MINING IN GRANTS OPEN PIT WILL BE TEMPORARILY SUSPENDED
    * LIKELY TO RECORD AN IMPAIRMENT OF CARRYING VALUE OF
FINNISS
OPERATION IN COMPANY'S 31 DEC 2023 HY RESULTS
    * DISCRETIONARY SPENDING INCLUDING STUDIES, EXPLORATION AND
CORPORATE COSTS WILL BE REDUCED
    * REVISED OPERATING COSTS, EXPLORATION, STUDIES AND CAPITAL
EXPENDITURE GUIDANCE FOR 2024 WILL BE PROVIDED IN DEC QUARTERLY
REPORT
    * BP33 EARLY WORKS PROJECT TO BE PLACED IN CARE AND ALL
CONSTRUCTION AND INFRASTRUCTURE MATERIAL DELIVERED TO SITE TO BE
SECURED

Source text for Eikon:  ID:nASX4s5gl 
Further company coverage:  CXO.AX