June Quarterly Activities Report 2025

Commenting on the June quarter of 2025, Core CEO Paul Brown said:

“Completion of the Restart Study work programs and release of the study to the market was a standout highlight in the June quarter.

We achieved our objective of demonstrating a pathway for Finniss to produce significantly higher margin volumes of spodumene concentrate by adopting a revised mine plan and processing strategy with reduced capital investment relative to the previous operating model.

Finniss has many positive attributes that have been leveraged through our restart plan – established infrastructure, high-grade ore bodies well suited to low-cost underground mining and a proven processing plant with opportunity for performance optimisation.

Following the release of the Restart Study, Core hosted a group of equity analysts and investors at Finniss to showcase the value creation opportunity. We were encouraged by the positive feedback as we undertake a strategic funding process with our advisors, Morgan Stanley.

Over the financial year, Core took steps to simplify its contractual position, which has been key in reducing liabilities and strengthening our financial position. These strategic decisions have enhanced our balance sheet flexibility, positioning the business for a more resilient restart.

Notably, expenditure, excluding the one-off payment to Yahua, decreased by 67% from the March quarter. We are well positioned to advance the restart of Finniss, with a capital-efficient plan, a cleansed balance sheet and the right strategic funding process underway.”

Read the full ASX announcement