Core Lithium Ltd (ASX:CXO) Announces Progress on Restart Study and Operational Changes
Restart Study Progress
Core Lithium Ltd (ASX:CXO) reports that the Restart Study for its Finniss Lithium Operation is on track for completion in the June quarter of 2025. The study aims to optimise infrastructure and enhance productivity while minimising operational complexities.
Operational Changes
The company has terminated its remaining operating contracts at Finniss, achieving 100% ownership of all infrastructure. This transition reduces current care and maintenance costs and is expected to lower future operating expenses under a revised model.
Financial Settlement
The total remaining consideration for these transactions amounts to $19.5 million, to be paid in instalments over four months. These actions are anticipated to enhance operational efficiency and reduce costs.
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