Core 继续储备约 5,000 吨锂辉石精矿 75,000 吨锂粉，Finniss 锂矿未来所有产量均不受任何限制

Investment Rating - The report provides a recommendation for the industry [5] Core Insights - Core company currently holds approximately 5,000 tons of lithium concentrate and 75,000 tons of lithium powder in inventory, which are available for sale. The company aims to capitalize on potential commercial opportunities to monetize this inventory as market conditions improve [3][6] - The Finniss lithium project, including the Grants deposit, has undergone significant operational planning improvements, leading to a reduction in pre-production capital costs by an estimated AUD 35 million to AUD 45 million. The updated mining plan indicates a 33% increase in total ore reserves and a 44% increase in metal content [6][8] - The company has successfully resolved all purchase agreements, contingent liabilities, and adverse contracts related to the Finniss project, ensuring that future production is not restricted [18] Financial Status and Capital Management - As of the end of the quarter, Core's cash balance was AUD 48.7 million, an increase from AUD 35.9 million as of September 30, 2025 [1] - The company generated a one-time cash inflow of AUD 2.5 million from the sale of non-core uranium assets to Elevate Uranium [2] - The company has made strategic decisions to significantly reduce debt and enhance financial strength, improving its balance sheet [2] Exploration Activities - The diamond drilling program at the Blackbeard project is ongoing, aimed at testing geological conditions and lithium mineralization at depth for the fiscal year 2026 [10] - The Shoobridge gold project, strategically located near major infrastructure, is being explored with surface geochemical sampling to assess regional targets, complementing the company's focus on lithium exploration [12] Strategic Financing and Agreements - The company has initiated a financing plan through a two-phase placement and a share purchase plan, raising AUD 50 million at a price of AUD 0.105 per share [4] - Core has entered into a binding settlement agreement with Tesla, formally terminating negotiations regarding a purchase agreement, which resolves all related obligations and ensures unrestricted future production from the Finniss lithium project [18]