• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Fat Tail Daily

Investment Ideas From the Edge of the Bell Curve

  • Menu
    • Commodities
      • Resources and Mining
      • Copper
      • Gold
      • Iron Ore
      • Lithium
      • Silver
      • Graphite
      • Rare Earths
    • Technology
      • AI
      • Bitcoin
      • Cryptocurrency
      • Energy
      • Financial Technology
      • Bio Technology
    • Market Analysis
      • Latest ASX News
      • Dividend Shares
      • ETFs
      • Stocks and Bonds
    • Macro
      • Australian Economy
      • Central Banks
      • World Markets
    • Small Caps
    • More
      • Investment Guides
      • Premium Research
      • Editors
      • About
      • Contact Us
  • Latest
  • Fat Tail Series
  • About Us
Market Analysis Latest ASX News

Core Lithium Shares Lift On ‘Outstanding’ Yields

Like 0

By Kiryll Prakapenka, Monday, 01 August 2022

Australia’s self-proclaimed ‘newest lithium miner’ Core Lithium [ASX:CXO] was up more than 2% Monday afternoon after the company broadcast that one of its deposits yielded outstanding results in the quarter.

Australia’s self-proclaimed ‘newest lithium miner’ Core Lithium [ASX:CXO] was up more than 2% Monday afternoon after the company broadcast that one of its deposits yielded outstanding results in the quarter.

The lithium developer also published a presentation detailing Finnis Lithium Project updates, targets, and overall business strategies.

Core Lithium has risen 12% in the last week and is up 100% for trading year-to-date.

Lithium mining peer Arizona Lithium has crashed 10% in the week and month, after hitting all-time highs three months ago.

While Sayona has moved in a more modest parallel to Arizona, it’s up 7% this week and 28% in the last month:

ASX:CXO core lithium stock prices chart

www.TradingView.com

Core lithium: outstanding BP33 drilling results

Core Lithium had positive results to share on Monday morning for its BP33 high-grade lithium drilling at its Finniss Lithium Project near Darwin, which began in May.

The lithium miner reported the following highlights having now received assay results:

  • ‘World-class high-grade lithium found at 66.88m1 at 1.78% Li2O:

o 16m @ 2.27% Li2O; and

o 9m @ 2.24% Li2O

  • ‘Multiple drill intersections below southern BP33 pegmatite with the orebody open at depth
  • ‘Spodumene bearing pegmatite extends at depth to the south with indications that thickness and grade improve with depth
  • ‘Intersections outside of the current Mineral Resource at BP33 expected to deliver substantial orebody extensions
  • ‘Trial Geophysical (ANT) survey at BP33 successfully images pegmatite to 500m depth’

Core reported that five more diamond holes with varying thickness have been mineralising as pegmatites at intersections at the southern BP33 site, 420 metres below the surface.

The properties for these spodumene discoveries are below:

ASX:CXO C:\Users\Berx Er Trecks\Desktop\ASX CXO finnis lithium projects map

Source: CXO

Core’s Chairman Greg English commented on the results:

‘The BP33 orebody appears to be getting better at depth with 66.88m @ 1.78 Li2O, an outstanding result. We are in the middle of our largest ever drill campaign and these latest results more than justify our decision to expand our exploration efforts.

‘BP33 south is open at depth with the Ambient Noise Tomography (“ANT”) survey identifying additional targets at the deposit. The timing of these outstanding results could not have been better, with the final mining approval for BP33 expected in the coming weeks.

‘These new world-class lithium drilling results reflect the confidence Core has in delivering significant resource growth from Finniss that will add to our life of mine and our capacity to materially increase lithium production from northern Australia in the future to keep up with rapidly growing global demand.’

The ANT Geophysical Trial was a survey commissioned by Core to test BP33 pegmatite detection techniques.

It’s now been proven that Finniss’ geophysical identifying techniques are successful.

Core said:

‘The now proven ability to detect subsurface pegmatites at considerable depths (at least 500m) will be a major boost for future exploration. ANT technology is a cost-effective method of informing drilling targets.’

ASX:CXO lithium projects

Source: CXO

 

The race is on

It’s full steam ahead for lithium companies pushing for efficient strategies and supply offtake deals as the lithium-ion battery market ramps up.

On average, Core says it has invested $1.8 million for each year of Finniss’ life in the current plan.

Core has now secured customers in Gardeng Lithium, Yahua, and Tesla to date — all that’s left is to get the product on the move.

The electric vehicle (EV) market is rapidly expanding, boosted further by government initiatives and funding programs supporting production across the globe.

Joe Biden has been publicly campaigning a production boost in the US, Australia has been tightening strategies as it pursues China’s monopoly, and the EU is also chasing its own targets by 2035, desperate to sort its ongoing energy crisis.

But our energy expert, Selva Freigedo, says the global transition to EVs means the industry faces a supply crunch, sending battery materials into a new type of frenzy.

If you’d like to know more, and ensure you’re prepared for the inevitable, we suggest checking out Selva’s report for free here.

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

Kiryll Prakapenka

Kiryll’s Premium Subscriptions

Publication logo
Fat Tail Investment Research

Latest Articles

  • The rock hunters are back in the game
    By Callum Newman

    Expect more capital raisings and drilling campaigns from the junior gold sector. It’s another example of things heating up.

  • The ‘Rich Dad, Poor Dad’ of Mining
    By James Cooper

    Former geologist, James Cooper, outlines his ‘Rich Dad, Poor Dad’ experience as a geologist by contrasting two companies he worked for.

  • America’s next Vietnam begins
    By Callum Newman

    I remember George W Bush on a US carrier declaring ‘Mission Accomplished’ when it came to Iraq in the second Gulf war. That was in 2003. The war was still going in 2011. Iraq became a failed state, instead of a flourishing democracy. The Iranians aren’t stupid.

Primary Sidebar

Latest Articles

  • The rock hunters are back in the game
  • The ‘Rich Dad, Poor Dad’ of Mining
  • America’s next Vietnam begins
  • Are we at war with China?
  • Looking for the Catalyst: European Rearmament

Footer

Fat Tail Daily Logo
YouTube
Facebook
x (formally twitter)
LinkedIn

About

Investment ideas from the edge of the bell curve.

Go beyond conventional investing strategies with unique ideas and actionable opportunities. Our expert editors deliver conviction-led insights to guide your financial journey.

Quick Links

Subscribe

About

FAQ

Terms and Conditions

Financial Services Guide

Privacy Policy

Get in Touch

Contact Us

Email: support@fattail.com.au

Phone: 1300 667 481

All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.

Fat Tail Logo

Fat Tail Daily is brought to you by the team at Fat Tail Investment Research

Copyright © 2025 Fat Tail Daily | ACN: 117 765 009 / ABN: 33 117 765 009 / ASFL: 323 988