CXO: Core Lithium 2026 Annual Report to Shareholders

Original announcement by asx on

Company
Core Lithium Ltd
Ticker
CXO
Exchange
ASX
Region
Northern Territory
Primary commodity
Lithium
Secondary commodities
None reported
Document categories
Resource update, Drill results, Agreement transaction
Extracted
2026-09-24 00:16:39 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Core Lithium successfully restarted its Finniss Lithium Operation in FY26, securing a fully funded restart package and commencing mining at Grants and underground development at BP33. The company is on track for its first spodumene concentrate shipment in December CY26, supported by updated Ore Reserve estimates showing a 3% increase in total Finniss Ore Reserves to 15.6Mt @ 1.27% Li2O. Exploration efforts continue, yielding high-grade drill results at BP33 and advancing the Blackbeard prospect towards a maiden Mineral Resource Estimate.

Reasoning: Core Lithium successfully restarted its Finniss Lithium Operation, securing significant funding and commencing mining activities. The report highlights strong drill results extending mineralization at BP33 and an increase in Ore Reserves, positioning the company for production despite ongoing market volatility.

Positive factors

  • Successful restart of Finniss Lithium Operation
  • Fully funded restart package secured
  • Commencement of mining at Grants and underground development at BP33
  • First spodumene concentrate shipment targeted for December CY26
  • High-grade lithium drill results at BP33 extending mineralization
  • Increase in Grants Ore Reserve and total Finniss Ore Reserves
  • Strategic partnerships and marketing agreement with Glencore
  • Strong cash balance of A$182 million

Negative factors

  • Lithium market near-term volatility
  • Significant portion of total Mineral Resource remains Inferred
  • No new drilling for Mineral Resources since September 2025

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 73

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The drill intercept of 34.08m @ 2.09% Li2O is an exceptionally high-grade zone for lithium, well above the deposit-type norm.

Evidence · text

“34.08m @ 2.09% Li2O”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release states that Core relies on drilling results from accredited laboratories and conducts all data collection activities to industry standards based on quality assurance and quality control protocols.

Evidence · text

“Core relies on drilling results from accredited laboratories in providing assay data used for Exploration to estimate Mineral Resources and Ore Reserves. All data collection activities are conducted to industry standards based on a framework of quality assurance and quality control protocols covering all aspects of sample collection, topographical and geophysical surveys, drilling, sample preparation, physical and chemical analysis and data and sample management.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The Mineral Resource estimate is based on information compiled by Mr Jeremy Clark, a member of the Australian Institute of Geoscientists and a Competent Person as defined by JORC Code. The Ore Reserve estimate is based on information compiled by Mr Ben Darkwa, a Member of the Australasian Institute of Mining and Metallurgy and a Competent Person.

Evidence · text

“The information in this report that relates to the estimation and reporting of Mineral Resources at Finniss is based on, and fairly represents information compiled by Mr Jeremy Clark. Mr Clark is Managing Director of Lily Valley International and acts as a consultant to Core. Mr Clark is a member of the Australian Institute of Geoscientists. He has sufficient experience with the style of mineralisation, deposit type under consideration and the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (The JORC Code).”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The Mineral Resource and Ore Reserve estimates are stated to be in accordance with the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (The JORC Code).

Evidence · text

“The information in this report that relates to the estimation and reporting of Mineral Resources at Finniss is based on, and fairly represents information compiled by Mr Jeremy Clark. Mr Clark is Managing Director of Lily Valley International and acts as a consultant to Core. Mr Clark is a member of the Australian Institute of Geoscientists. He has sufficient experience with the style of mineralisation, deposit type under consideration and the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (The JORC Code).”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The in situ Mineral Resource is estimated at a cut-off grade of 0.5% Li2O, and Ore Reserve cut-off grades are also disclosed (e.g., 0.8% for Grants Open Pit).

Evidence · text

“The in situ Mineral Resource is estimated at a cut-off grade of 0.5% Li2O.”

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: The Mineral Resource Estimate is consistent with those previously reported by Core, with an effective date of 14 May 2025, which is over a year old.

Evidence · text

“Accordingly, there has been no material change to the Mineral Resource Estimate and the in situ Mineral Resources are consistent with those previously reported by Core. In situ Mineral Resources for the Finniss Lithium Operation comprise the Grants, BP33, Carlton, Hang Gong, Lees, Booths, Ah Hoy, Sandras, Penfolds, Bilatos and Seadog deposits.”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The total Finniss Mineral Resource includes a significant Inferred component of 20.3 Mt at 1.18% Li2O, which is a speculative category.

Evidence · table

“20.3”

Context: Finniss

Tonnage Growthpositive

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: The Grants Ore Reserve Estimate increased by 33.0% to 1.53Mt @ 1.42% Li2O.

Evidence · text

“An updated Grants Ore Reserve Estimate was announced on 10 November 2025, increasing by 33.0% to 1.53Mt @ 1.42% with a 44% increase in contained metal to 22kt Li2O.”

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: The Grants Ore Reserve Estimate showed a 44% increase in contained metal to 22kt Li2O.

Evidence · text

“An updated Grants Ore Reserve Estimate was announced on 10 November 2025, increasing by 33.0% to 1.53Mt @ 1.42% with a 44% increase in contained metal to 22kt Li2O.”

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document provides an updated Ore Reserve Estimate for Grants and overall Finniss, reflecting changes from prior estimates.

Evidence · text

“An updated Grants Ore Reserve Estimate was announced on 10 November 2025, increasing by 33.0% to 1.53Mt @ 1.42% with a 44% increase in contained metal to 22kt Li2O.”

Extracted facts

Stored fact records: 70. Some facts used in scoring do not have a stored record.

Drill Results (2)

NMRD100Finniss Lithium Operation · lithiumGrade: 2.09Grade Unit: %Intercept: 34.08 mView all details
Link to this fact

Identity

Hole ID
NMRD100
Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
australia_nt
Ticker
CXO

Geometry

Grade
2.09
Grade Unit
%
Intercept
34.08 m
From
578.7 m
To
612.78 m
Intercept Depth
578.7 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
NMRD100:578.7-612.78

QA/QC

QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The drill hole NMRD100 returned a high-grade lithium intercept of 34.08m at 2.09% Li2O, which is an exceptional grade for lithium and extends mineralization at the BP33 deposit, indicating strong potential for resource growth.

Positive factors

  • Bonanza Intercept
  • High-grade lithium result
  • Significant intercept length
  • Extends known mineralization at BP33
  • QA/QC Disclosed

Evidence · text

“NMRD100, including 34.08m @ 2.09% Li2O from 578.70m”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

NMRD100Finniss Lithium Operation · lithiumGrade: 2.44Grade Unit: %Intercept: 3.43 mView all details
Link to this fact

Identity

Hole ID
NMRD100
Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
australia_nt
Ticker
CXO

Geometry

Grade
2.44
Grade Unit
%
Intercept
3.43 m
From
616.54 m
To
619.97 m
Intercept Depth
616.54 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
NMRD100:616.54-619.97

QA/QC

QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: A high-grade sub-interval of 3.43m at 2.44% Li2O within NMRD100 further confirms the strong lithium mineralization at BP33, contributing positively to exploration potential.

Positive factors

  • Bonanza Intercept
  • Very high-grade lithium result
  • Extends known mineralization at BP33
  • QA/QC Disclosed

Evidence · text

“and 3.43m @ 2.44% Li2O from 616.54m”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Resource Estimates (68)

measuredFinniss Lithium Operation · lithiumTonnes: 1340000Grade: 1.48Grade Unit: % Li2OContained Metal: 19.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:d84a74827098d472eeb7
Deposit or zone
Grants

Resource Data

Category
measured
Tonnes
1340000
Grade
1.48
Grade Unit
% Li2O
Contained Metal
19.8
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Grants deposit has a Measured Resource of 1.34 Mt at 1.48% Li2O, indicating high confidence in a good grade, though this is a restatement of a prior estimate.

Positive factors

  • Measured Resource
  • High-grade resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.48”

Context: 1.34

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

measuredFinniss Lithium Operation · lithiumTonnes: 1340000Contained Metal: 49Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:d84a74827098d472eeb7
Deposit or zone
Grants

Resource Data

Category
measured
Tonnes
1340000
Contained Metal
49
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Grants deposit has a Measured Resource of 49 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • Measured Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“49”

Context: 1.34

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 610000Grade: 1.49Grade Unit: % Li2OContained Metal: 9.1Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:076ea990253d787fae69
Deposit or zone
Grants

Resource Data

Category
indicated
Tonnes
610000
Grade
1.49
Grade Unit
% Li2O
Contained Metal
9.1
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Grants deposit has an Indicated Resource of 0.61 Mt at 1.49% Li2O, providing reasonable geological confidence, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • High-grade resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.49”

Context: 0.61

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 610000Contained Metal: 22Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:076ea990253d787fae69
Deposit or zone
Grants

Resource Data

Category
indicated
Tonnes
610000
Contained Metal
22
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Grants deposit has an Indicated Resource of 22 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“22”

Context: 0.61

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 370000Grade: 1.27Grade Unit: % Li2OContained Metal: 4.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:72d1549a917d0f824170
Deposit or zone
Grants

Resource Data

Category
inferred
Tonnes
370000
Grade
1.27
Grade Unit
% Li2O
Contained Metal
4.7
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Grants deposit includes an Inferred Resource of 0.37 Mt at 1.27% Li2O, which is a speculative category with lower confidence, and is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“1.27”

Context: 0.37

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 370000Contained Metal: 12Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:72d1549a917d0f824170
Deposit or zone
Grants

Resource Data

Category
inferred
Tonnes
370000
Contained Metal
12
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Grants deposit includes an Inferred Resource of 12 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“12”

Context: 0.37

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

measuredFinniss Lithium Operation · lithiumTonnes: 2850000Grade: 1.44Grade Unit: % Li2OContained Metal: 41Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:a6c81a7f4c44859fdfbd
Deposit or zone
BP33

Resource Data

Category
measured
Tonnes
2850000
Grade
1.44
Grade Unit
% Li2O
Contained Metal
41
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The BP33 deposit has a Measured Resource of 2.85 Mt at 1.44% Li2O, indicating high confidence in a good grade, though this is a restatement of a prior estimate.

Positive factors

  • Measured Resource
  • High-grade resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.44”

Context: 2.85

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

measuredFinniss Lithium Operation · lithiumTonnes: 2850000Contained Metal: 101Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:a6c81a7f4c44859fdfbd
Deposit or zone
BP33

Resource Data

Category
measured
Tonnes
2850000
Contained Metal
101
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The BP33 deposit has a Measured Resource of 101 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • Measured Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“101”

Context: 2.85

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 6510000Grade: 1.55Grade Unit: % Li2OContained Metal: 101Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:23fe263040c8fe497ede
Deposit or zone
BP33

Resource Data

Category
indicated
Tonnes
6510000
Grade
1.55
Grade Unit
% Li2O
Contained Metal
101
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The BP33 deposit has a significant Indicated Resource of 6.51 Mt at 1.55% Li2O, providing strong geological confidence, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • High-grade resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.55”

Context: 6.51

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 6510000Contained Metal: 249Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:23fe263040c8fe497ede
Deposit or zone
BP33

Resource Data

Category
indicated
Tonnes
6510000
Contained Metal
249
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The BP33 deposit has a significant Indicated Resource of 249 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“249”

Context: 6.51

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 1140000Grade: 1.59Grade Unit: % Li2OContained Metal: 18.1Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:83b80a84c996969aea2d
Deposit or zone
BP33

Resource Data

Category
inferred
Tonnes
1140000
Grade
1.59
Grade Unit
% Li2O
Contained Metal
18.1
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The BP33 deposit includes an Inferred Resource of 1.14 Mt at 1.59% Li2O, which is a speculative category with lower confidence, and is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“1.59”

Context: 1.14

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 1140000Contained Metal: 45Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:83b80a84c996969aea2d
Deposit or zone
BP33

Resource Data

Category
inferred
Tonnes
1140000
Contained Metal
45
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The BP33 deposit includes an Inferred Resource of 45 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“45”

Context: 1.14

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

measuredFinniss Lithium Operation · lithiumTonnes: 2140000Grade: 1.33Grade Unit: % Li2OContained Metal: 28.5Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:0c324d490bbd9cd15021
Deposit or zone
Carlton

Resource Data

Category
measured
Tonnes
2140000
Grade
1.33
Grade Unit
% Li2O
Contained Metal
28.5
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Carlton deposit has a Measured Resource of 2.14 Mt at 1.33% Li2O, indicating high confidence in a good grade, though this is a restatement of a prior estimate.

Positive factors

  • Measured Resource
  • High-grade resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.33”

Context: 2.14

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

measuredFinniss Lithium Operation · lithiumTonnes: 2140000Contained Metal: 70Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:0c324d490bbd9cd15021
Deposit or zone
Carlton

Resource Data

Category
measured
Tonnes
2140000
Contained Metal
70
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Carlton deposit has a Measured Resource of 70 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • Measured Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“70”

Context: 2.14

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 3430000Grade: 1.32Grade Unit: % Li2OContained Metal: 45.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:94270cd646c3ee35ab33
Deposit or zone
Carlton

Resource Data

Category
indicated
Tonnes
3430000
Grade
1.32
Grade Unit
% Li2O
Contained Metal
45.3
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Carlton deposit has an Indicated Resource of 3.43 Mt at 1.32% Li2O, providing reasonable geological confidence, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • High-grade resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.32”

Context: 3.43

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 3430000Contained Metal: 119Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:94270cd646c3ee35ab33
Deposit or zone
Carlton

Resource Data

Category
indicated
Tonnes
3430000
Contained Metal
119
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Carlton deposit has an Indicated Resource of 119 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“119”

Context: 3.43

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 780000Grade: 1.14Grade Unit: % Li2OContained Metal: 8.9Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:6a513cc5da5278ace86c
Deposit or zone
Carlton

Resource Data

Category
inferred
Tonnes
780000
Grade
1.14
Grade Unit
% Li2O
Contained Metal
8.9
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Carlton deposit includes an Inferred Resource of 0.78 Mt at 1.14% Li2O, which is a speculative category with lower confidence, and is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“1.14”

Context: 0.78

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 780000Contained Metal: 22Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:6a513cc5da5278ace86c
Deposit or zone
Carlton

Resource Data

Category
inferred
Tonnes
780000
Contained Metal
22
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Carlton deposit includes an Inferred Resource of 22 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“22”

Context: 0.78

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 1510000Grade: 1.18Grade Unit: % Li2OContained Metal: 17.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:8580f57ac477778c37ac
Deposit or zone
Hang Gong

Resource Data

Category
indicated
Tonnes
1510000
Grade
1.18
Grade Unit
% Li2O
Contained Metal
17.8
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Hang Gong deposit has an Indicated Resource of 1.51 Mt at 1.18% Li2O, providing reasonable geological confidence, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.18”

Context: 1.51

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 1510000Contained Metal: 44Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:8580f57ac477778c37ac
Deposit or zone
Hang Gong

Resource Data

Category
indicated
Tonnes
1510000
Contained Metal
44
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Hang Gong deposit has an Indicated Resource of 44 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“44”

Context: 1.51

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 1950000Grade: 1.14Grade Unit: % Li2OContained Metal: 22.2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:d7d9365eaa7308bf9954
Deposit or zone
Hang Gong

Resource Data

Category
inferred
Tonnes
1950000
Grade
1.14
Grade Unit
% Li2O
Contained Metal
22.2
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Hang Gong deposit includes an Inferred Resource of 1.95 Mt at 1.14% Li2O, which is a speculative category with lower confidence, and is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“1.14”

Context: 1.95

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 1950000Contained Metal: 55Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:d7d9365eaa7308bf9954
Deposit or zone
Hang Gong

Resource Data

Category
inferred
Tonnes
1950000
Contained Metal
55
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Hang Gong deposit includes an Inferred Resource of 55 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“55”

Context: 1.95

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 4160000Grade: 1.18Grade Unit: % Li2OContained Metal: 49.1Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:82bb96199b41a0cbfb24
Deposit or zone
Lees

Resource Data

Category
indicated
Tonnes
4160000
Grade
1.18
Grade Unit
% Li2O
Contained Metal
49.1
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Lees deposit has an Indicated Resource of 4.16 Mt at 1.18% Li2O, providing reasonable geological confidence, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.18”

Context: 4.16

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 4160000Contained Metal: 121Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:82bb96199b41a0cbfb24
Deposit or zone
Lees

Resource Data

Category
indicated
Tonnes
4160000
Contained Metal
121
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Lees deposit has an Indicated Resource of 121 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“121”

Context: 4.16

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 7080000Grade: 1.12Grade Unit: % Li2OContained Metal: 79.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:bdad71c14d96a2b80fa2
Deposit or zone
Lees

Resource Data

Category
inferred
Tonnes
7080000
Grade
1.12
Grade Unit
% Li2O
Contained Metal
79.3
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Lees deposit includes an Inferred Resource of 7.08 Mt at 1.12% Li2O, which is a speculative category with lower confidence, and is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“1.12”

Context: 7.08

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 7080000Contained Metal: 196Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:bdad71c14d96a2b80fa2
Deposit or zone
Lees

Resource Data

Category
inferred
Tonnes
7080000
Contained Metal
196
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Lees deposit includes an Inferred Resource of 196 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“196”

Context: 7.08

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 1840000Grade: 0.99Grade Unit: % Li2OContained Metal: 18.2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:8e4b03e51e0767ed84ae
Deposit or zone
Booths

Resource Data

Category
indicated
Tonnes
1840000
Grade
0.99
Grade Unit
% Li2O
Contained Metal
18.2
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Booths deposit has an Indicated Resource of 1.84 Mt at 0.99% Li2O, providing reasonable geological confidence, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“0.99”

Context: 1.84

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 1840000Contained Metal: 45Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:8e4b03e51e0767ed84ae
Deposit or zone
Booths

Resource Data

Category
indicated
Tonnes
1840000
Contained Metal
45
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Booths deposit has an Indicated Resource of 45 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“45”

Context: 1.84

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 1400000Grade: 1.06Grade Unit: % Li2OContained Metal: 14.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:828d3ebc297379bcc320
Deposit or zone
Booths

Resource Data

Category
inferred
Tonnes
1400000
Grade
1.06
Grade Unit
% Li2O
Contained Metal
14.8
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Booths deposit includes an Inferred Resource of 1.40 Mt at 1.06% Li2O, which is a speculative category with lower confidence, and is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“1.06”

Context: 1.40

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 1400000Contained Metal: 37Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:828d3ebc297379bcc320
Deposit or zone
Booths

Resource Data

Category
inferred
Tonnes
1400000
Contained Metal
37
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Booths deposit includes an Inferred Resource of 37 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“37”

Context: 1.40

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 1710000Grade: 1.2Grade Unit: % Li2OContained Metal: 20.5Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:3a9dd263ce4b3dccbf4b
Deposit or zone
Ah Hoy

Resource Data

Category
indicated
Tonnes
1710000
Grade
1.2
Grade Unit
% Li2O
Contained Metal
20.5
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Ah Hoy deposit has an Indicated Resource of 1.71 Mt at 1.20% Li2O, providing reasonable geological confidence, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.20”

Context: 1.71

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 1710000Contained Metal: 51Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:3a9dd263ce4b3dccbf4b
Deposit or zone
Ah Hoy

Resource Data

Category
indicated
Tonnes
1710000
Contained Metal
51
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Ah Hoy deposit has an Indicated Resource of 51 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“51”

Context: 1.71

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 2930000Grade: 1.38Grade Unit: % Li2OContained Metal: 40.4Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:ac770b8eeaeb1dac7ccb
Deposit or zone
Ah Hoy

Resource Data

Category
inferred
Tonnes
2930000
Grade
1.38
Grade Unit
% Li2O
Contained Metal
40.4
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Ah Hoy deposit includes an Inferred Resource of 2.93 Mt at 1.38% Li2O, which is a speculative category with lower confidence, and is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“1.38”

Context: 2.93

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 2930000Contained Metal: 100Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:ac770b8eeaeb1dac7ccb
Deposit or zone
Ah Hoy

Resource Data

Category
inferred
Tonnes
2930000
Contained Metal
100
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Ah Hoy deposit includes an Inferred Resource of 100 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“100”

Context: 2.93

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 1170000Grade: 0.92Grade Unit: % Li2OContained Metal: 10.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:04214930d887863f8748
Deposit or zone
Sandras

Resource Data

Category
indicated
Tonnes
1170000
Grade
0.92
Grade Unit
% Li2O
Contained Metal
10.8
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Sandras deposit has an Indicated Resource of 1.17 Mt at 0.92% Li2O, providing reasonable geological confidence, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“0.92”

Context: 1.17

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 1170000Contained Metal: 27Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:04214930d887863f8748
Deposit or zone
Sandras

Resource Data

Category
indicated
Tonnes
1170000
Contained Metal
27
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Sandras deposit has an Indicated Resource of 27 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“27”

Context: 1.17

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 570000Grade: 0.82Grade Unit: % Li2OContained Metal: 4.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:1edc6cd32d5a16463da3
Deposit or zone
Sandras

Resource Data

Category
inferred
Tonnes
570000
Grade
0.82
Grade Unit
% Li2O
Contained Metal
4.7
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Sandras deposit includes an Inferred Resource of 0.57 Mt at 0.82% Li2O, which is a speculative category with lower confidence, and is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.82”

Context: 0.57

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 570000Contained Metal: 12Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:1edc6cd32d5a16463da3
Deposit or zone
Sandras

Resource Data

Category
inferred
Tonnes
570000
Contained Metal
12
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Sandras deposit includes an Inferred Resource of 12 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“12”

Context: 0.57

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 650000Grade: 1.25Grade Unit: % Li2OContained Metal: 8.1Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:83d64cc6736325b99fb5
Deposit or zone
Penfolds

Resource Data

Category
indicated
Tonnes
650000
Grade
1.25
Grade Unit
% Li2O
Contained Metal
8.1
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Penfolds deposit has an Indicated Resource of 0.65 Mt at 1.25% Li2O, providing reasonable geological confidence, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.25”

Context: 0.65

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 650000Contained Metal: 20Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:83d64cc6736325b99fb5
Deposit or zone
Penfolds

Resource Data

Category
indicated
Tonnes
650000
Contained Metal
20
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Penfolds deposit has an Indicated Resource of 20 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“20”

Context: 0.65

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 710000Grade: 1.24Grade Unit: % Li2OContained Metal: 8.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:4a983f8f339d63dae69d
Deposit or zone
Penfolds

Resource Data

Category
inferred
Tonnes
710000
Grade
1.24
Grade Unit
% Li2O
Contained Metal
8.8
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Penfolds deposit includes an Inferred Resource of 0.71 Mt at 1.24% Li2O, which is a speculative category with lower confidence, and is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“1.24”

Context: 0.71

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 710000Contained Metal: 22Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:4a983f8f339d63dae69d
Deposit or zone
Penfolds

Resource Data

Category
inferred
Tonnes
710000
Contained Metal
22
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Penfolds deposit includes an Inferred Resource of 22 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“22”

Context: 0.71

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 1920000Grade: 1.03Grade Unit: % Li2OContained Metal: 19.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:74e9c1d2a18b2b7a8b62
Deposit or zone
Bilatos

Resource Data

Category
inferred
Tonnes
1920000
Grade
1.03
Grade Unit
% Li2O
Contained Metal
19.8
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Bilatos deposit includes an Inferred Resource of 1.92 Mt at 1.03% Li2O, which is a speculative category with lower confidence, and is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“1.03”

Context: 1.92

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 1920000Contained Metal: 49Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:74e9c1d2a18b2b7a8b62
Deposit or zone
Bilatos

Resource Data

Category
inferred
Tonnes
1920000
Contained Metal
49
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Bilatos deposit includes an Inferred Resource of 49 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“49”

Context: 1.92

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 1410000Grade: 1.18Grade Unit: % Li2OContained Metal: 16.6Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:ae2cf537ea47dac82046
Deposit or zone
Seadog

Resource Data

Category
inferred
Tonnes
1410000
Grade
1.18
Grade Unit
% Li2O
Contained Metal
16.6
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Seadog deposit includes an Inferred Resource of 1.41 Mt at 1.18% Li2O, which is a speculative category with lower confidence, and is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“1.18”

Context: 1.41

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 1410000Contained Metal: 41Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:ae2cf537ea47dac82046
Deposit or zone
Seadog

Resource Data

Category
inferred
Tonnes
1410000
Contained Metal
41
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Seadog deposit includes an Inferred Resource of 41 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“41”

Context: 1.41

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

measuredFinniss Lithium Operation · lithiumTonnes: 6300000Grade: 1.41Grade Unit: % Li2OContained Metal: 89Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:3ceced2bb4061cbb5ea4
Deposit or zone
Finniss

Resource Data

Category
measured
Tonnes
6300000
Grade
1.41
Grade Unit
% Li2O
Contained Metal
89
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The overall Finniss Lithium Operation has a Measured Resource of 6.3 Mt at 1.41% Li2O, indicating high confidence in a good grade, though this is a restatement of a prior estimate.

Positive factors

  • Measured Resource
  • High-grade resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.41”

Context: 6.3

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

measuredFinniss Lithium Operation · lithiumTonnes: 6300000Contained Metal: 221Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:3ceced2bb4061cbb5ea4
Deposit or zone
Finniss

Resource Data

Category
measured
Tonnes
6300000
Contained Metal
221
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The overall Finniss Lithium Operation has a Measured Resource of 221 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • Measured Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“221”

Context: 6.3

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 21900000Grade: 1.29Grade Unit: % Li2OContained Metal: 283Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:774f35b2e02281175c70
Deposit or zone
Finniss

Resource Data

Category
indicated
Tonnes
21900000
Grade
1.29
Grade Unit
% Li2O
Contained Metal
283
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The overall Finniss Lithium Operation has a significant Indicated Resource of 21.9 Mt at 1.29% Li2O, providing strong geological confidence, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.29”

Context: 21.9

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 21900000Contained Metal: 698Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:774f35b2e02281175c70
Deposit or zone
Finniss

Resource Data

Category
indicated
Tonnes
21900000
Contained Metal
698
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The overall Finniss Lithium Operation has a significant Indicated Resource of 698 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“698”

Context: 21.9

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 20300000Grade: 1.18Grade Unit: % Li2OContained Metal: 239Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:05918a581a1ea4c7bf1f
Deposit or zone
Finniss

Resource Data

Category
inferred
Tonnes
20300000
Grade
1.18
Grade Unit
% Li2O
Contained Metal
239
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The overall Finniss Lithium Operation includes a large Inferred Resource of 20.3 Mt at 1.18% Li2O, which is a speculative category with lower confidence, and is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“1.18”

Context: 20.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredFinniss Lithium Operation · lithiumTonnes: 20300000Contained Metal: 592Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:05918a581a1ea4c7bf1f
Deposit or zone
Finniss

Resource Data

Category
inferred
Tonnes
20300000
Contained Metal
592
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The overall Finniss Lithium Operation includes a large Inferred Resource of 592 kt LiCO3, providing additional detail on the contained metal, though this is a restatement of a prior estimate.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“592”

Context: 20.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 310000Grade: 0.66Grade Unit: % Li2OContained Metal: 2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:4c0015f235f450c97c7f
Deposit or zone
TSF/Stockpiles

Resource Data

Category
indicated
Tonnes
310000
Grade
0.66
Grade Unit
% Li2O
Contained Metal
2
Contained Unit
kt

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The TSF/Stockpiles have an Indicated Resource of 0.31 Mt at 0.66% Li2O, representing material from production records, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.66”

Context: 0.31

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedFinniss Lithium Operation · lithiumTonnes: 310000Contained Metal: 4.9Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Jeremy Clark
Resource group id
resource:4c0015f235f450c97c7f
Deposit or zone
TSF/Stockpiles

Resource Data

Category
indicated
Tonnes
310000
Contained Metal
4.9
Contained Unit
kt

Prior Estimate

Resource Date
2025-05-14

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-14T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The TSF/Stockpiles have an Indicated Resource of 4.9 kt LiCO3, representing material from production records, though this is a restatement of a prior estimate.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“4.9”

Context: 0.31

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

provenFinniss Lithium Operation · lithiumTonnes: 2600000Grade: 1.27Grade Unit: % Li2OContained Metal: 32Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ben Darkwa
Resource group id
resource:d5800850f0eab20f28a3
Deposit or zone
BP33 Underground

Resource Data

Category
proven
Tonnes
2600000
Grade
1.27
Grade Unit
% Li2O
Contained Metal
32
Contained Unit
kt
Cutoff Grade
110
Cutoff Unit
$/t NSR

Prior Estimate

Resource Date
2025-04-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-04-30T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The BP33 Underground deposit has a Proved Ore Reserve of 2.6 Mt at 1.27% Li2O, indicating high confidence in economic viability, though this is a restatement of a prior estimate.

Positive factors

  • Proven Reserve
  • High-grade resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.27”

Context: 2.6

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableFinniss Lithium Operation · lithiumTonnes: 6700000Grade: 1.32Grade Unit: % Li2OContained Metal: 89Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ben Darkwa
Resource group id
resource:ec77db599a7e9528fc44
Deposit or zone
BP33 Underground

Resource Data

Category
probable
Tonnes
6700000
Grade
1.32
Grade Unit
% Li2O
Contained Metal
89
Contained Unit
kt
Cutoff Grade
110
Cutoff Unit
$/t NSR

Prior Estimate

Resource Date
2025-04-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-04-30T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The BP33 Underground deposit has a significant Probable Ore Reserve of 6.7 Mt at 1.32% Li2O, indicating strong economic viability, though this is a restatement of a prior estimate.

Positive factors

  • Probable Reserve
  • High-grade resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.32”

Context: 6.7

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

provenFinniss Lithium Operation · lithiumTonnes: 1200000Grade: 1.43Grade Unit: % Li2OContained Metal: 17Contained Unit: ktView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ben Darkwa
Resource group id
resource:643ee1a46bec9ad19523
Deposit or zone
Grants Open Pit and Underground

Resource Data

Category
proven
Tonnes
1200000
Grade
1.43
Grade Unit
% Li2O
Contained Metal
17
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-10-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Grants Open Pit and Underground deposit has a new Proved Ore Reserve of 1.2 Mt at 1.43% Li2O, representing a significant increase in tonnage and contained metal, enhancing project economics.

Positive factors

  • Proven Reserve
  • High-grade resource
  • Tonnage Growth
  • Contained Metal Growth
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“1.43”

Context: 1.2

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableFinniss Lithium Operation · lithiumTonnes: 400000Grade: 1.41Grade Unit: % Li2OContained Metal: 5Contained Unit: ktView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ben Darkwa
Resource group id
resource:d2171e7374e4ae0b9065
Deposit or zone
Grants Open Pit and Underground

Resource Data

Category
probable
Tonnes
400000
Grade
1.41
Grade Unit
% Li2O
Contained Metal
5
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2025-10-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Grants Open Pit and Underground deposit has a new Probable Ore Reserve of 0.4 Mt at 1.41% Li2O, contributing to the overall increase in reserves and supporting project viability.

Positive factors

  • Probable Reserve
  • High-grade resource
  • Tonnage Growth
  • Contained Metal Growth
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Evidence · table

“1.41”

Context: 0.4

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

provenFinniss Lithium Operation · lithiumTonnes: 1700000Grade: 1.19Grade Unit: % Li2OContained Metal: 20Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ben Darkwa
Resource group id
resource:7ba6149174cfe7fd5588
Deposit or zone
Carlton

Resource Data

Category
proven
Tonnes
1700000
Grade
1.19
Grade Unit
% Li2O
Contained Metal
20
Contained Unit
kt
Cutoff Grade
125
Cutoff Unit
$/t NSR

Prior Estimate

Resource Date
2025-09-05

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-09-05T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Carlton deposit has a Proved Ore Reserve of 1.7 Mt at 1.19% Li2O, indicating high confidence in economic viability, though this is a restatement of a prior estimate.

Positive factors

  • Proven Reserve
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.19”

Context: 1.7

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableFinniss Lithium Operation · lithiumTonnes: 2800000Grade: 1.19Grade Unit: % Li2OContained Metal: 34Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ben Darkwa
Resource group id
resource:9f307ced128c00f0908b
Deposit or zone
Carlton

Resource Data

Category
probable
Tonnes
2800000
Grade
1.19
Grade Unit
% Li2O
Contained Metal
34
Contained Unit
kt
Cutoff Grade
125
Cutoff Unit
$/t NSR

Prior Estimate

Resource Date
2025-09-05

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-09-05T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Carlton deposit has a Probable Ore Reserve of 2.8 Mt at 1.19% Li2O, indicating strong economic viability, though this is a restatement of a prior estimate.

Positive factors

  • Probable Reserve
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.19”

Context: 2.8

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableFinniss Lithium Operation · lithiumTonnes: 300000Grade: 0.68Grade Unit: % Li2OContained Metal: 2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ben Darkwa
Resource group id
resource:ab487e08685ce4b35cb7
Deposit or zone
TSF/Stockpiles

Resource Data

Category
probable
Tonnes
300000
Grade
0.68
Grade Unit
% Li2O
Contained Metal
2
Contained Unit
kt

Prior Estimate

Resource Date
2025-04-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-04-30T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The TSF/Stockpiles have a Probable Ore Reserve of 0.3 Mt at 0.68% Li2O, representing economically viable material, though this is a restatement of a prior estimate.

Positive factors

  • Probable Reserve
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.68”

Context: 0.3

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

provenFinniss Lithium Operation · lithiumTonnes: 2600000Grade: 1.27Grade Unit: % Li2OContained Metal: 32Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ben Darkwa
Resource group id
resource:d5800850f0eab20f28a3
Deposit or zone
BP33 Underground

Resource Data

Category
proven
Tonnes
2600000
Grade
1.27
Grade Unit
% Li2O
Contained Metal
32
Contained Unit
kt
Cutoff Grade
110
Cutoff Unit
$/t NSR

Prior Estimate

Resource Date
2025-04-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-04-30T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The BP33 Underground deposit had a Proved Ore Reserve of 2.6 Mt at 1.27% Li2O in the prior estimate, providing a baseline for comparison.

Positive factors

  • Proven Reserve
  • High-grade resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.27”

Context: 2.6

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableFinniss Lithium Operation · lithiumTonnes: 6700000Grade: 1.32Grade Unit: % Li2OContained Metal: 89Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ben Darkwa
Resource group id
resource:ec77db599a7e9528fc44
Deposit or zone
BP33 Underground

Resource Data

Category
probable
Tonnes
6700000
Grade
1.32
Grade Unit
% Li2O
Contained Metal
89
Contained Unit
kt
Cutoff Grade
110
Cutoff Unit
$/t NSR

Prior Estimate

Resource Date
2025-04-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-04-30T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The BP33 Underground deposit had a Probable Ore Reserve of 6.7 Mt at 1.32% Li2O in the prior estimate, providing a baseline for comparison.

Positive factors

  • Probable Reserve
  • High-grade resource
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.32”

Context: 6.7

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

provenFinniss Lithium Operation · lithiumTonnes: 900000Grade: 1.29Grade Unit: % Li2OContained Metal: 11Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ben Darkwa
Resource group id
resource:b35da5b286094c083a62
Deposit or zone
Grants Underground

Resource Data

Category
proven
Tonnes
900000
Grade
1.29
Grade Unit
% Li2O
Contained Metal
11
Contained Unit
kt
Cutoff Grade
110
Cutoff Unit
$/t NSR

Prior Estimate

Resource Date
2025-04-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-04-30T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Grants Underground deposit had a Proved Ore Reserve of 0.9 Mt at 1.29% Li2O in the prior estimate, providing a baseline for comparison.

Positive factors

  • Proven Reserve
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.29”

Context: 0.9

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableFinniss Lithium Operation · lithiumTonnes: 300000Grade: 1.36Grade Unit: % Li2OContained Metal: 4Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ben Darkwa
Resource group id
resource:3f2ea83f39a29b48aee4
Deposit or zone
Grants Underground

Resource Data

Category
probable
Tonnes
300000
Grade
1.36
Grade Unit
% Li2O
Contained Metal
4
Contained Unit
kt
Cutoff Grade
110
Cutoff Unit
$/t NSR

Prior Estimate

Resource Date
2025-04-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-04-30T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Grants Underground deposit had a Probable Ore Reserve of 0.3 Mt at 1.36% Li2O in the prior estimate, providing a baseline for comparison.

Positive factors

  • Probable Reserve
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.36”

Context: 0.3

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

provenFinniss Lithium Operation · lithiumTonnes: 1700000Grade: 1.19Grade Unit: % Li2OContained Metal: 20Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ben Darkwa
Resource group id
resource:7ba6149174cfe7fd5588
Deposit or zone
Carlton

Resource Data

Category
proven
Tonnes
1700000
Grade
1.19
Grade Unit
% Li2O
Contained Metal
20
Contained Unit
kt
Cutoff Grade
125
Cutoff Unit
$/t NSR

Prior Estimate

Resource Date
2025-09-05

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-09-05T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Carlton deposit had a Proved Ore Reserve of 1.7 Mt at 1.19% Li2O in the prior estimate, providing a baseline for comparison.

Positive factors

  • Proven Reserve
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.19”

Context: 1.7

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableFinniss Lithium Operation · lithiumTonnes: 2800000Grade: 1.19Grade Unit: % Li2OContained Metal: 34Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ben Darkwa
Resource group id
resource:9f307ced128c00f0908b
Deposit or zone
Carlton

Resource Data

Category
probable
Tonnes
2800000
Grade
1.19
Grade Unit
% Li2O
Contained Metal
34
Contained Unit
kt
Cutoff Grade
125
Cutoff Unit
$/t NSR

Prior Estimate

Resource Date
2025-09-05

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-09-05T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The Carlton deposit had a Probable Ore Reserve of 2.8 Mt at 1.19% Li2O in the prior estimate, providing a baseline for comparison.

Positive factors

  • Probable Reserve
  • JORC Compliant
  • QP/CP Signed
  • Cut-off Disclosed

Negative factors

  • Stale Estimate

Evidence · table

“1.19”

Context: 2.8

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableFinniss Lithium Operation · lithiumTonnes: 300000Grade: 0.68Grade Unit: % Li2OContained Metal: 2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Finniss Lithium Operation
Commodity
lithium
Region
australia_nt
Reported Region
Northern Territory
Ticker
CXO

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ben Darkwa
Resource group id
resource:ab487e08685ce4b35cb7
Deposit or zone
TSF/Stockpiles

Resource Data

Category
probable
Tonnes
300000
Grade
0.68
Grade Unit
% Li2O
Contained Metal
2
Contained Unit
kt

Prior Estimate

Resource Date
2025-04-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-04-30T00:00:00.000Z

Dates

Event date
2026-09-23T00:00:00.000Z

Reasoning: The TSF/Stockpiles had a Probable Ore Reserve of 0.3 Mt at 0.68% Li2O in the prior estimate, providing a baseline for comparison.

Positive factors

  • Probable Reserve
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate

Evidence · table

“0.68”

Context: 0.3

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.