Core Lithium Ltd. announce new drill results from the Grants Deposit that are expected to strengthen the current Resource at the Company's wholly owned Finniss Lithium Project in the Northern Territory. The Grants Lithium Resource is the first spodumene pegmatite deposit Core plans to mine in the development schedule of the Finniss Lithium Project. Consequently, as a priority, over the last three months, Core has been undertaking a program of resource infill and expansion drilling at Grants. These new drill results from Grants are expected to strengthen the current resource model in regard to size and reserves., with a high conversion of Inferred Resources to Indicated Resources and add Reserves to life of mine (LOM). Inferred portions of the current resource model have been infilled to enable these parts of the orebody to be converted to the Indicated category. New Indicated Mineral Resources at Grants should then positively contribute to Ore Reserves and significantly increase the LOM in Core's updated Definitive Feasibility Study in Second Quarter 2021. In addition, recently completed drillhole FRCD022 intercepted a ~55m downhole interval of pegmatite, over half of which is strongly mineralised, and is located outside the current resource model. Once the final assay results have been received in the coming weeks, Core will complete a new Mineral Resource Estimate expected to be finalised next month. Core has had three drill rigs (1 RC and 2 diamond) operating over the past 3-months to intersect the Grants orebody to a maximum downhole depth of 375.8m. Drilling utilised either a mud rotary or reverse circulation precollar down to a maximum of 160m and then collected HQ drill core. Drilling achieving excellent core recovery throughout with a majority of the planned targets intersected as planned.