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Core Exploration expands Finniss lithium project area by 250%

Core Exploration Ltd. said Feb. 2 that it has been granted two exploration licenses which expand the granted tenure by 250% at the company's wholly owned Finniss lithium project in Australia's Northern Territory.

The two recently granted exploration licenses, EL 31271 and EL 31279, add another 240 square kilometers to the Finniss project, expanding the landholding to more than 400 square kilometers.

Additionally, the company said it has full approvals in place to start drilling at the Zola and Ringwood pegmatite targets, and will aggressively explore and advance development of its high-grade lithium discoveries this year.

Core is also planning to undertake exploration programs on the newly granted tenements, similar to its 2016 programs which led to the discovery of multiple high-grade lithium rich pegmatites, including the Grants, BP33 and Far West prospects.

The company noted that it now holds the largest lithium tenure position in the state.