CXO: September Quarterly Report Presentation
Original announcement by asx on
- Company
- Core Lithium Ltd
- Ticker
- CXO
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Lithium
- Secondary commodities
- None reported
- Document categories
- Other, Drill results, Resource update
- Extracted
- 2026-10-13 22:18:13 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Core Lithium's September Quarterly Report highlights significant operational progress at its Finniss Lithium Operation, including the achievement of first spodumene concentrate production and continued development of the BP33 underground mine. The company also reported high-grade lithium drill results from BP33, previously announced in August 2026, which reinforce confidence in the orebody's continuity and potential for resource growth. The report provides an overview of the company's strong financial position and includes detailed historical Mineral Resource and Ore Reserve estimates.
Reasoning: The quarterly report highlights strong operational progress, including first concentrate production and on-schedule development. While the high-grade drill results are positive, they were previously announced, reducing their novelty in this document. The detailed resource and reserve tables are also historical, serving as background information.
Positive factors
- High-grade lithium drill results reinforce confidence in resource growth potential
- Plant commissioning and first concentrate production achieved
- BP33 underground development progressing on schedule
- Strong financial position with significant cash balance
Negative factors
- Drill results are a re-statement of previously announced information, limiting novelty
- Resource and reserve estimates are historical, not new updates
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 32
Extracted facts
Stored fact records: 32. Some facts used in scoring do not have a stored record.
Drill Results (2)
NMRD100BP33 · lithiumGrade: 2.09Grade Unit: %Intercept: 34.08 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- NMRD100
- Project
- BP33
- Commodity
- lithium
- 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
- Program
- exploration
- Sample Type
- drill
- Group ID
- NMRD100:578.7-612.78
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-11T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This high-grade and continuous intercept from exploration drilling at BP33 is very positive, reinforcing confidence in the orebody's potential for growth. However, its novelty is low as it was previously announced.
Positive factors
- High-grade intercept (2.09% Li2O is exceptional for lithium)
- Significant intercept length (34.08m is continuous)
- Grade x width product (71.23 Li2O%*m) is exceptional
- Extends mineralisation beyond current Mineral Resource Estimate
Negative factors
- Result is historical, previously announced on 11 August 2026
- Apparent width only, true width not stated
Evidence · text
“34.08m @ 2.09% Li₂O from 578.7m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: Grade of 2.09% Li2O exceeds the exceptional threshold of 1.8% Li2O for lithium.
Evidence · text
“2.09% Li₂O”
Exceptional GTRejected · positive · Story-specific tag
No canonical definition is currently available.
Reason: Grade-thickness product of 71.23 Li2O%*m exceeds the exceptional threshold of 40 Li2O%*m for lithium.
Evidence · text
“34.08m @ 2.09% Li₂O”
Continuous IntervalRejected · positive · Story-specific tag
No canonical definition is currently available.
Reason: Intercept length of 34.08m exceeds the continuous threshold of 50m, indicating good width.
Evidence · text
“34.08m”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole width with no true width or drill orientation disclosed.
Evidence · text
“34.08m”
Stale Data Re-releaseRejected · negative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Reason: The drill results were previously announced on 11 August 2026, indicating low genuine novelty in this document.
Evidence · text
“Refer to ASX announcement New High-Grade Lithium Drill Results at BP33” on 11 August 2026”
NMRD100BP33 · lithiumGrade: 2.44Grade Unit: %Intercept: 3.43 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- NMRD100
- Project
- BP33
- Commodity
- lithium
- Ticker
- CXO
Geometry
- Grade
- 2.44
- Grade Unit
- %
- Intercept
- 3.43 m
- From
- 616.5 m
- To
- 619.93 m
- Intercept Depth
- 616.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- NMRD100:616.5-619.93
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-11T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This very high-grade intercept, while narrow, further reinforces the quality of the BP33 orebody. Its novelty is low as it was previously announced.
Positive factors
- Very high-grade intercept (2.44% Li2O is exceptional for lithium)
- Extends mineralisation beyond current Mineral Resource Estimate
Negative factors
- Narrow intercept length (3.43m is narrow)
- Result is historical, previously announced on 11 August 2026
- Apparent width only, true width not stated
Evidence · text
“3.43m @ 2.44% Li₂O from 616.5m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: Grade of 2.44% Li2O exceeds the exceptional threshold of 1.8% Li2O for lithium.
Evidence · text
“2.44% Li₂O”
Weak GTRejected · negative · Story-specific tag
No canonical definition is currently available.
Reason: Grade-thickness product of 8.37 Li2O%*m is below the weak threshold of 10 Li2O%*m for lithium.
Evidence · text
“3.43m @ 2.44% Li₂O”
Narrow IntervalRejected · negative · Story-specific tag
No canonical definition is currently available.
Reason: Intercept length of 3.43m is below the moderate threshold of 8m, indicating a narrow interval.
Evidence · text
“3.43m”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole width with no true width or drill orientation disclosed.
Evidence · text
“3.43m”
Stale Data Re-releaseRejected · negative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Reason: The drill results were previously announced on 11 August 2026, indicating low genuine novelty in this document.
Evidence · text
“Refer to ASX announcement New High-Grade Lithium Drill Results at BP33” on 11 August 2026”
Resource Estimates (30)
measuredFinniss Lithium Operation · lithiumTonnes: 1340000Grade: 1.48Grade Unit: % Li2OContained Metal: 19.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Measured resource for Grants provides a high-confidence estimate with a strong lithium grade, supporting project viability. However, it is a historical estimate.
Positive factors
- Highest confidence category (Measured)
- JORC compliant and QP signed
- Good grade for lithium (1.48% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.48”
Context: 1.34
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedFinniss Lithium Operation · lithiumTonnes: 610000Grade: 1.49Grade Unit: % Li2OContained Metal: 9.1Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Indicated resource for Grants provides a good confidence estimate with a strong lithium grade. However, it is a historical estimate.
Positive factors
- Good confidence category (Indicated)
- JORC compliant and QP signed
- Good grade for lithium (1.49% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.49”
Context: 0.61
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredFinniss Lithium Operation · lithiumTonnes: 370000Grade: 1.27Grade Unit: % Li2OContained Metal: 4.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Inferred resource for Grants provides an early-stage estimate with a strong lithium grade, but its lower confidence category means it requires further drilling to upgrade. It is a historical estimate.
Positive factors
- JORC compliant and QP signed
- Economic grade for lithium (1.27% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
- Lowest confidence category (Inferred)
Evidence · table
“1.27”
Context: 0.37
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
measuredFinniss Lithium Operation · lithiumTonnes: 2850000Grade: 1.44Grade Unit: % Li2OContained Metal: 41Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Measured resource for BP33 provides a high-confidence estimate with a strong lithium grade, supporting project viability. However, it is a historical estimate.
Positive factors
- Highest confidence category (Measured)
- JORC compliant and QP signed
- Good grade for lithium (1.44% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.44”
Context: 2.85
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedFinniss Lithium Operation · lithiumTonnes: 6510000Grade: 1.55Grade Unit: % Li2OContained Metal: 101Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Indicated resource for BP33 provides a good confidence estimate with a strong lithium grade. However, it is a historical estimate.
Positive factors
- Good confidence category (Indicated)
- JORC compliant and QP signed
- Good grade for lithium (1.55% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.55”
Context: 6.51
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredFinniss Lithium Operation · lithiumTonnes: 1140000Grade: 1.59Grade Unit: % Li2OContained Metal: 18.1Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Inferred resource for BP33 provides an early-stage estimate with a strong lithium grade, but its lower confidence category means it requires further drilling to upgrade. It is a historical estimate.
Positive factors
- JORC compliant and QP signed
- Good grade for lithium (1.59% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
- Lowest confidence category (Inferred)
Evidence · table
“1.59”
Context: 1.14
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
measuredFinniss Lithium Operation · lithiumTonnes: 2140000Grade: 1.33Grade Unit: % Li2OContained Metal: 28.5Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Measured resource for Carlton provides a high-confidence estimate with a strong lithium grade, supporting project viability. However, it is a historical estimate.
Positive factors
- Highest confidence category (Measured)
- JORC compliant and QP signed
- Good grade for lithium (1.33% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.33”
Context: 2.14
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedFinniss Lithium Operation · lithiumTonnes: 3430000Grade: 1.32Grade Unit: % Li2OContained Metal: 45.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Indicated resource for Carlton provides a good confidence estimate with a strong lithium grade. However, it is a historical estimate.
Positive factors
- Good confidence category (Indicated)
- JORC compliant and QP signed
- Good grade for lithium (1.32% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.32”
Context: 3.43
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredFinniss Lithium Operation · lithiumTonnes: 780000Grade: 1.14Grade Unit: % Li2OContained Metal: 8.9Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Inferred resource for Carlton provides an early-stage estimate with a strong lithium grade, but its lower confidence category means it requires further drilling to upgrade. It is a historical estimate.
Positive factors
- JORC compliant and QP signed
- Economic grade for lithium (1.14% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
- Lowest confidence category (Inferred)
Evidence · table
“1.14”
Context: 0.78
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedFinniss Lithium Operation · lithiumTonnes: 4160000Grade: 1.18Grade Unit: % Li2OContained Metal: 49.1Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Indicated resource for Lees provides a good confidence estimate with a strong lithium grade. However, it is a historical estimate.
Positive factors
- Good confidence category (Indicated)
- JORC compliant and QP signed
- Good grade for lithium (1.18% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.18”
Context: 4.16
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredFinniss Lithium Operation · lithiumTonnes: 7080000Grade: 1.12Grade Unit: % Li2OContained Metal: 79.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Inferred resource for Lees provides an early-stage estimate with a strong lithium grade, but its lower confidence category means it requires further drilling to upgrade. It is a historical estimate.
Positive factors
- JORC compliant and QP signed
- Economic grade for lithium (1.12% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
- Lowest confidence category (Inferred)
Evidence · table
“1.12”
Context: 7.08
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedFinniss Lithium Operation · lithiumTonnes: 1710000Grade: 1.2Grade Unit: % Li2OContained Metal: 20.5Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Indicated resource for Ah Hoy provides a good confidence estimate with a strong lithium grade. However, it is a historical estimate.
Positive factors
- Good confidence category (Indicated)
- JORC compliant and QP signed
- Good grade for lithium (1.20% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.20”
Context: 1.71
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredFinniss Lithium Operation · lithiumTonnes: 2930000Grade: 1.38Grade Unit: % Li2OContained Metal: 40.4Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Inferred resource for Ah Hoy provides an early-stage estimate with a strong lithium grade, but its lower confidence category means it requires further drilling to upgrade. It is a historical estimate.
Positive factors
- JORC compliant and QP signed
- Good grade for lithium (1.38% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
- Lowest confidence category (Inferred)
Evidence · table
“1.38”
Context: 2.93
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedFinniss Lithium Operation · lithiumTonnes: 1840000Grade: 0.99Grade Unit: % Li2OContained Metal: 18.2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Indicated resource for Booths provides a good confidence estimate with a moderate lithium grade. However, it is a historical estimate.
Positive factors
- Good confidence category (Indicated)
- JORC compliant and QP signed
- Economic grade for lithium (0.99% Li2O is moderate)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“0.99”
Context: 1.84
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredFinniss Lithium Operation · lithiumTonnes: 1400000Grade: 1.06Grade Unit: % Li2OContained Metal: 14.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Inferred resource for Booths provides an early-stage estimate with a strong lithium grade, but its lower confidence category means it requires further drilling to upgrade. It is a historical estimate.
Positive factors
- JORC compliant and QP signed
- Economic grade for lithium (1.06% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
- Lowest confidence category (Inferred)
Evidence · table
“1.06”
Context: 1.40
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedFinniss Lithium Operation · lithiumTonnes: 650000Grade: 1.25Grade Unit: % Li2OContained Metal: 8.1Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Indicated resource for Penfolds provides a good confidence estimate with a strong lithium grade. However, it is a historical estimate.
Positive factors
- Good confidence category (Indicated)
- JORC compliant and QP signed
- Good grade for lithium (1.25% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.25”
Context: 0.65
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredFinniss Lithium Operation · lithiumTonnes: 710000Grade: 1.24Grade Unit: % Li2OContained Metal: 8.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Inferred resource for Penfolds provides an early-stage estimate with a strong lithium grade, but its lower confidence category means it requires further drilling to upgrade. It is a historical estimate.
Positive factors
- JORC compliant and QP signed
- Good grade for lithium (1.24% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
- Lowest confidence category (Inferred)
Evidence · table
“1.24”
Context: 0.71
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedFinniss Lithium Operation · lithiumTonnes: 1510000Grade: 1.18Grade Unit: % Li2OContained Metal: 17.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Indicated resource for Hang Gong provides a good confidence estimate with a strong lithium grade. However, it is a historical estimate.
Positive factors
- Good confidence category (Indicated)
- JORC compliant and QP signed
- Good grade for lithium (1.18% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.18”
Context: 1.51
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredFinniss Lithium Operation · lithiumTonnes: 1950000Grade: 1.14Grade Unit: % Li2OContained Metal: 22.2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Inferred resource for Hang Gong provides an early-stage estimate with a strong lithium grade, but its lower confidence category means it requires further drilling to upgrade. It is a historical estimate.
Positive factors
- JORC compliant and QP signed
- Economic grade for lithium (1.14% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
- Lowest confidence category (Inferred)
Evidence · table
“1.14”
Context: 1.95
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedFinniss Lithium Operation · lithiumTonnes: 1170000Grade: 0.92Grade Unit: % Li2OContained Metal: 10.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Indicated resource for Sandras provides a good confidence estimate with a moderate lithium grade. However, it is a historical estimate.
Positive factors
- Good confidence category (Indicated)
- JORC compliant and QP signed
- Economic grade for lithium (0.92% Li2O is moderate)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“0.92”
Context: 1.17
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredFinniss Lithium Operation · lithiumTonnes: 570000Grade: 0.82Grade Unit: % Li2OContained Metal: 4.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Inferred resource for Sandras provides an early-stage estimate with a moderate lithium grade, but its lower confidence category means it requires further drilling to upgrade. It is a historical estimate.
Positive factors
- JORC compliant and QP signed
- Economic grade for lithium (0.82% Li2O is moderate)
Negative factors
- Estimate is historical, not a new update
- Lowest confidence category (Inferred)
Evidence · table
“0.82”
Context: 0.57
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredFinniss Lithium Operation · lithiumTonnes: 1920000Grade: 1.03Grade Unit: % Li2OContained Metal: 19.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Inferred resource for Bilatos provides an early-stage estimate with a strong lithium grade, but its lower confidence category means it requires further drilling to upgrade. It is a historical estimate.
Positive factors
- JORC compliant and QP signed
- Economic grade for lithium (1.03% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
- Lowest confidence category (Inferred)
Evidence · table
“1.03”
Context: 1.92
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredFinniss Lithium Operation · lithiumTonnes: 1410000Grade: 1.18Grade Unit: % Li2OContained Metal: 16.6Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-05-14T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Inferred resource for Seadog provides an early-stage estimate with a strong lithium grade, but its lower confidence category means it requires further drilling to upgrade. It is a historical estimate.
Positive factors
- JORC compliant and QP signed
- Economic grade for lithium (1.18% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
- Lowest confidence category (Inferred)
Evidence · table
“1.18”
Context: 1.41
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
provenFinniss Lithium Operation · lithiumTonnes: 2600000Grade: 1.27Grade Unit: %Contained Metal: 32Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:d5800850f0eab20f28a3
- Deposit or zone
- BP33 Underground
Resource Data
- Category
- proven
- Tonnes
- 2600000
- Grade
- 1.27
- Grade Unit
- %
- 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
- 2026-10-13T00:00:00.000Z
Reasoning: This Proven reserve for BP33 Underground provides a high-confidence estimate with a strong lithium grade, supporting economic viability. However, it is a historical estimate.
Positive factors
- Highest confidence reserve category (Proven)
- JORC compliant and QP signed
- Economic grade for lithium (1.27% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.27”
Context: 2.6
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
probableFinniss Lithium Operation · lithiumTonnes: 6700000Grade: 1.32Grade Unit: %Contained Metal: 89Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ec77db599a7e9528fc44
- Deposit or zone
- BP33 Underground
Resource Data
- Category
- probable
- Tonnes
- 6700000
- Grade
- 1.32
- Grade Unit
- %
- 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
- 2026-10-13T00:00:00.000Z
Reasoning: This Probable reserve for BP33 Underground provides a good confidence estimate with a strong lithium grade, supporting economic viability. However, it is a historical estimate.
Positive factors
- Good confidence reserve category (Probable)
- JORC compliant and QP signed
- Good grade for lithium (1.32% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.32”
Context: 6.7
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
provenFinniss Lithium Operation · lithiumTonnes: 1200000Grade: 1.43Grade Unit: %Contained Metal: 17Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9528b9c8c8c98a04f1f7
- Deposit or zone
- Grants
Resource Data
- Category
- proven
- Tonnes
- 1200000
- Grade
- 1.43
- Grade Unit
- %
- Contained Metal
- 17
- Contained Unit
- kt
- Cutoff Grade
- 0.8
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2025-10-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-30T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Proven reserve for Grants provides a high-confidence estimate with a strong lithium grade, supporting economic viability. However, it is a historical estimate.
Positive factors
- Highest confidence reserve category (Proven)
- JORC compliant and QP signed
- Good grade for lithium (1.43% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.43”
Context: 1.2
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
probableFinniss Lithium Operation · lithiumTonnes: 300000Grade: 1.41Grade Unit: %Contained Metal: 5Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:48cc2d69cbfc3b5fb775
- Deposit or zone
- Grants
Resource Data
- Category
- probable
- Tonnes
- 300000
- Grade
- 1.41
- Grade Unit
- %
- Contained Metal
- 5
- Contained Unit
- kt
- Cutoff Grade
- 0.8
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2025-10-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-30T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This Probable reserve for Grants provides a good confidence estimate with a strong lithium grade, supporting economic viability. However, it is a historical estimate.
Positive factors
- Good confidence reserve category (Probable)
- JORC compliant and QP signed
- Good grade for lithium (1.41% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.41”
Context: 0.3
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
provenFinniss Lithium Operation · lithiumTonnes: 1700000Grade: 1.19Grade Unit: %Contained Metal: 20Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:7ba6149174cfe7fd5588
- Deposit or zone
- Carlton
Resource Data
- Category
- proven
- Tonnes
- 1700000
- Grade
- 1.19
- Grade Unit
- %
- 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
- 2026-10-13T00:00:00.000Z
Reasoning: This Proven reserve for Carlton provides a high-confidence estimate with a strong lithium grade, supporting economic viability. However, it is a historical estimate.
Positive factors
- Highest confidence reserve category (Proven)
- JORC compliant and QP signed
- Economic grade for lithium (1.19% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.19”
Context: 1.7
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
probableFinniss Lithium Operation · lithiumTonnes: 2800000Grade: 1.19Grade Unit: %Contained Metal: 34Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9f307ced128c00f0908b
- Deposit or zone
- Carlton
Resource Data
- Category
- probable
- Tonnes
- 2800000
- Grade
- 1.19
- Grade Unit
- %
- 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
- 2026-10-13T00:00:00.000Z
Reasoning: This Probable reserve for Carlton provides a good confidence estimate with a strong lithium grade, supporting economic viability. However, it is a historical estimate.
Positive factors
- Good confidence reserve category (Probable)
- JORC compliant and QP signed
- Economic grade for lithium (1.19% Li2O is strong)
Negative factors
- Estimate is historical, not a new update
Evidence · table
“1.19”
Context: 2.8
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
probableFinniss Lithium Operation · lithiumTonnes: 300000Grade: 0.68Grade Unit: %Contained Metal: 2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Finniss Lithium Operation
- Commodity
- lithium
- Ticker
- CXO
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ab487e08685ce4b35cb7
- Deposit or zone
- TSF/Stockpiles
Resource Data
- Category
- probable
- Tonnes
- 300000
- Grade
- 0.68
- Grade Unit
- %
- 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
- 2026-10-13T00:00:00.000Z
Reasoning: This Probable reserve for TSF/Stockpiles provides a good confidence estimate with a weak lithium grade, supporting economic viability. However, it is a historical estimate.
Positive factors
- Good confidence reserve category (Probable)
- JORC compliant and QP signed
- Economic grade for lithium (0.68% Li2O is weak)
Negative factors
- Estimate is historical, not a new update
- Lower grade compared to other deposits
Evidence · table
“0.68”
Context: 0.3
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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.