Core Lithium in trading halt pending release of exploration results

Core Lithium Ltd (ASX:CXO) has been granted a trading halt by the ASX pending the release of exploration results. The company’s securities will remain in trading halt until the beginning of trade on Monday, September 28, or when an announcement is released to the market, whichever occurs earliest. Approvals process advancing Core’s application for an Environmental Impact Assessment (EIA) for the proposed BP33 underground lithium mine is being progressed by the Northern Territory Environment Protection Authority (EPA). NT EPA has advised Core that the environmental impact assessment for the underground mine within the Finniss project will be via a supplementary environmental report (SER). The EPA made the decision under newly introduced environmental protection regulations and after making a thorough and extensive study of the company’s Environmental Impact Statement (EIS) of its proposed mine and processing facility. Managing director Stephen Biggins said: “The newly re-elected NT Government is to be congratulated on hitting the ground running and meeting timeframes scheduled in the recently implemented EIA process, as well as setting the standard for diligent and timely future assessment.”