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Core Exploration granted 2 lithium exploration licenses in Australia

Core Exploration Ltd. has been granted two exploration licenses covering 120 square kilometers within the Finniss lithium project in the Northern Territory, Australia.

The company said Sept. 27 that it now holds the largest lithium tenure position in the state, including the highest grade lithium drill intersections.

Recent drilling at Finniss confirmed it as a major new lithium pegmatite field, with highlights from results including 34 meters at 1.60% lithium oxide and 14 meters at 1.42% lithium oxide.

The company noted that it plans to focus on the Zola prospect as a priority area, where the outcrop of decomposed pegmatite and quartz blows extend for up to 1,500 meters.

In mid-August, Core exercised its option to acquire exploration license EL 29698, which added 25 historically producing tin-tantalum mines in the Northern Territory to the Finniss project.