Completion of Tranche 2 of Finniss Equity Funding

Commenting on the funding completion, Core's Managing Director Paul Brown said:

“Core now has received around A$157 million (net of costs) in new funding for advancement of the Finniss project, representing the majority of the fully funded package we announced in March 2026. A further US$69 million (~A$98 million) will be available from the second tranche of the Convertible Notes, upon FIRB approval, and the first tranche of the Senior Debt, which will be drawn down at the Company’s election.

“In conjunction with the recent sale of concentrate stockpiles and lithium fines, Core is well positioned from a liquidity perspective. Haulage of this material has commenced this week and the Company is also assessing further lithium fines sales options. Finniss operations are progressing well, with interim open pit activities underway at Grants and box cut works advancing at BP33. The Company is also close to awarding the underground mining contract for BP331.

“I would like to take the opportunity to thank Core shareholders for supporting the Finniss Funding package at this week’s Meeting. With funding secured and execution underway, Core is in a strong position to deliver the project with discipline and momentum. We continue to be focused on delivery and milestone execution.”

Read the full ASX announcement