Partial Relinquishment Report EL 31139 Anningie Lithium Project From 7 November 2016 to 6 November 2020

Abstract

This report details exploration conducted within the relinquished portion of EL 31139 by Core Lithium Ltd (CXO). The area is located around the historic Anningie Tin (Pegmatite) Field in the Northern Territory, approximately 225 km N-NW of Alice Springs. The pegmatite occurrences in the Anningie Tin (Pegmatite) Field have previously provided opportunities for the discovery of commodities such as Sn-Ta. However, prior to investigation by government geologist Frater (2005), no historical exploration or prospecting investigations had explored the potential for pegmatite-related lithium (Li) mineralisation. Due to ongoing commitments at CXO's Finniss Lithium Project area near Darwin, on-ground exploration activities by CXO were not conducted on the relinquished portion of EL 31139 during it's Tenure. The area was relinquished in November 2020 because it is covered granite. While progressing the Finniss Lithium Project has absorbed the majority of CXO's resources and funding over this reporting period, CXO believes there is an excellent strategic fit between the lithium potential of the Anningie Tin (Pegmatite) Field (also the nearby Barrow Creek Pegmatite Field), direct rail link to Darwin Port and the Finniss Lithium Project. This strategic fit in turn expands potential for Darwin to become long-term, central processing and transport hub for NT lithium and spodumene production for CXO.