# CXO: Core Lithium 2026 Annual Report to Shareholders

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03143219

Publisher: asx

Original announcement: 2026-09-23T23:16:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-24T00:16:38.832Z

Atlas analysis updated: 2026-09-24T00:16:38.832Z

- 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

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: Successful restart of Finniss Lithium Operation

- Positive factor: Fully funded restart package secured

- Positive factor: Commencement of mining at Grants and underground development at BP33

- Positive factor: First spodumene concentrate shipment targeted for December CY26

- Positive factor: High-grade lithium drill results at BP33 extending mineralization

- Positive factor: Increase in Grants Ore Reserve and total Finniss Ore Reserves

- Positive factor: Strategic partnerships and marketing agreement with Glencore

- Positive factor: Strong cash balance of A$182 million

- Negative factor: Lithium market near-term volatility

- Negative factor: Significant portion of total Mineral Resource remains Inferred

- Negative factor: 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 Intercept**

Polarity: positive

Definition: 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 Disclosed**

Polarity: positive

Definition: 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 Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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 Disclosed**

Polarity: positive

Definition: 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 Estimate**

Polarity: negative

Definition: 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 Resource**

Polarity: negative

Definition: 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 Growth**

Polarity: positive

Definition: 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 Growth**

Polarity: positive

Definition: 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 Update**

Polarity: neutral

Definition: 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)

### NMRD100

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-drill-facts-0)

Finniss Lithium Operation · lithium

#### 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 factor: Bonanza Intercept

- Positive factor: High-grade lithium result

- Positive factor: Significant intercept length

- Positive factor: Extends known mineralization at BP33

- Positive factor: QA/QC Disclosed

Evidence · text

> NMRD100, including 34.08m @ 2.09% Li2O from 578.70m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### NMRD100

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-drill-facts-1)

Finniss Lithium Operation · lithium

#### 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 factor: Bonanza Intercept

- Positive factor: Very high-grade lithium result

- Positive factor: Extends known mineralization at BP33

- Positive factor: QA/QC Disclosed

Evidence · text

> and 3.43m @ 2.44% Li2O from 616.54m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

## Resource Estimates (68)

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-2)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Measured Resource

- Positive factor: High-grade resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.48

Context: 1.34

#### Tags used in scoring

**Measured Resource**

Polarity: positive

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

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-3)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Measured Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 49

Context: 1.34

#### Tags used in scoring

**Measured Resource**

Polarity: positive

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

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-4)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: High-grade resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.49

Context: 0.61

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-5)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 22

Context: 0.61

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-6)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 1.27

Context: 0.37

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-7)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 12

Context: 0.37

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-8)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Measured Resource

- Positive factor: High-grade resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.44

Context: 2.85

#### Tags used in scoring

**Measured Resource**

Polarity: positive

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

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-9)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Measured Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 101

Context: 2.85

#### Tags used in scoring

**Measured Resource**

Polarity: positive

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

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-10)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: High-grade resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.55

Context: 6.51

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-11)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 249

Context: 6.51

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-12)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 1.59

Context: 1.14

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-13)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 45

Context: 1.14

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-14)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Measured Resource

- Positive factor: High-grade resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.33

Context: 2.14

#### Tags used in scoring

**Measured Resource**

Polarity: positive

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

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-15)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Measured Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 70

Context: 2.14

#### Tags used in scoring

**Measured Resource**

Polarity: positive

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

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-16)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: High-grade resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.32

Context: 3.43

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-17)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 119

Context: 3.43

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-18)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 1.14

Context: 0.78

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-19)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 22

Context: 0.78

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-20)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.18

Context: 1.51

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-21)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 44

Context: 1.51

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-22)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 1.14

Context: 1.95

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-23)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 55

Context: 1.95

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-24)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.18

Context: 4.16

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-25)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 121

Context: 4.16

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-26)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 1.12

Context: 7.08

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-27)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 196

Context: 7.08

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-28)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 0.99

Context: 1.84

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-29)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 45

Context: 1.84

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-30)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 1.06

Context: 1.40

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-31)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 37

Context: 1.40

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-32)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.20

Context: 1.71

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-33)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 51

Context: 1.71

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-34)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 1.38

Context: 2.93

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-35)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 100

Context: 2.93

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-36)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 0.92

Context: 1.17

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-37)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 27

Context: 1.17

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-38)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 0.82

Context: 0.57

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-39)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 12

Context: 0.57

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-40)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.25

Context: 0.65

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-41)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 20

Context: 0.65

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-42)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 1.24

Context: 0.71

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-43)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 22

Context: 0.71

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-44)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 1.03

Context: 1.92

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-45)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 49

Context: 1.92

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-46)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 1.18

Context: 1.41

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-47)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 41

Context: 1.41

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-48)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Measured Resource

- Positive factor: High-grade resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.41

Context: 6.3

#### Tags used in scoring

**Measured Resource**

Polarity: positive

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

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-49)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Measured Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 221

Context: 6.3

#### Tags used in scoring

**Measured Resource**

Polarity: positive

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

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-50)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.29

Context: 21.9

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-51)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 698

Context: 21.9

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-52)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 1.18

Context: 20.3

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-53)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

- Negative factor: Stale Estimate

Evidence · table

> 592

Context: 20.3

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-54)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Negative factor: Stale Estimate

Evidence · table

> 0.66

Context: 0.31

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-55)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Negative factor: Stale Estimate

Evidence · table

> 4.9

Context: 0.31

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-56)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Proven Reserve

- Positive factor: High-grade resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.27

Context: 2.6

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-57)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Probable Reserve

- Positive factor: High-grade resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.32

Context: 6.7

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-58)

Finniss Lithium Operation · lithium

#### 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 factor: Proven Reserve

- Positive factor: High-grade resource

- Positive factor: Tonnage Growth

- Positive factor: Contained Metal Growth

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 1.43

Context: 1.2

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-59)

Finniss Lithium Operation · lithium

#### 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 factor: Probable Reserve

- Positive factor: High-grade resource

- Positive factor: Tonnage Growth

- Positive factor: Contained Metal Growth

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 1.41

Context: 0.4

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-60)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Proven Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.19

Context: 1.7

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-61)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Probable Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.19

Context: 2.8

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-62)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Probable Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Negative factor: Stale Estimate

Evidence · table

> 0.68

Context: 0.3

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-63)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Proven Reserve

- Positive factor: High-grade resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.27

Context: 2.6

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-64)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Probable Reserve

- Positive factor: High-grade resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.32

Context: 6.7

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-65)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Proven Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.29

Context: 0.9

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-66)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Probable Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.36

Context: 0.3

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-67)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Proven Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.19

Context: 1.7

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-68)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Probable Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Stale Estimate

Evidence · table

> 1.19

Context: 2.8

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/cxo-core-lithium-2026-annual-report-to-shareholders--d3ccde73-b049-4fbb-90ca-01dc156272ce#fact-resource-facts-69)

Finniss Lithium Operation · lithium

Historical result

Needs review: historical\_restatement

#### 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 factor: Probable Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Negative factor: Stale Estimate

Evidence · table

> 0.68

Context: 0.3

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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.