How are Core (ASX:CXO) shares faring after Finniss mine opening?

October 11, 2022 04:27 PM AEDT | By Bhawna Gupta
 How are Core (ASX:CXO) shares faring after Finniss mine opening?
Image source: © Radius06 | Megapixl.com

Highlights

  • Core officially opened the Finniss lithium mine yesterday.
  • On the back of the news, the company’s shares closed at AU$1.14 apiece on October 10.
  • At 2.39 PM AEDT, Core’s shares were trading at AU$1.16 per share, up by 1.97%.

Shares of Core Lithium Ltd (ASX:CXO) were trading at AU$1.16 per share, up by 1.97%, on the ASX on Tuesday at 2:39 PM AEDT. The share price has gained a day after Core Lithium announced the official opening of its Finniss Lithium mine. This outperforms the ASX 200 Materials index, which was trading 0.74% higher at 15,981.50 points at 2.39 PM AEDT. On Monday, Core Lithium’s shares closed at AU$1.14 each on the ASX.

Finniss lithium mine’s official opening

Finniss plans to export direct shipping ore (DSO) lithium by the end of 2022. This comes after the spodumene DSO product's first sale, which was announced on 3 October 2022.

Image source: © 2022 Kalkine Media®

Data source: Company announcement dated 10 October 2022

Core awards Primero contract for Finniss project

Image source: © 2022 Kalkine Media®

Data source: Company announcement dated 10 October 2022

This agreement replaced the contract currently being carried out for engineering, procurement, and construction that Primero was awarded in September 2021.


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