Core Exploration Ltd (ASX:CXO) has changed its name to Core Lithium Ltd to better reflect the company's focus on the key battery metal. The company has received a Certificate of Registration on Change of Name from ASIC and the new name will be updated in ASX records on Wednesday, November 14, 2018, with the ticker CXO retained. READ: Core Exploration adds lithium to name amid transition to battery metal producer Core's shareholders approved the change of name at the company's annual general meeting on November 8. The company is advancing the Finniss Lithium Project near Darwin and last month lodged an application for a mining lease at the Grants prospect with the NT Government. A definitive feasibility study is underway at Finniss and is on track for completion later this month. The study is focused on mining and production of high-grade lithium concentrate with development planned to start in 2019. READ: Core Exploration early drill results suggest large hidden pegmatite swarms Earlier today the company released pre-assay results from 10 step-out holes drilled at the Lees and Booth lithium prospects within the Finniss project. Drilling was testing whether the two prospects are linked and early indications support that theory. Pegmatite intersections were encountered in all 10 step-out holes across 1,000 metres of strike length. While the assays are yet to be received, visual estimates suggest mineralised spodumene within the pegmatites.
