Core Lithium Ltd. announced that it has defined an additional Exploration Target (ET) of 9.8 to 16.2 million tonnes at a grade of between 0.8 to 1.4% Li2O across seven different prospects within its Finniss Lithium Project near Darwin in the Northern Territory. The ET is supported by historical drilling, trenching and exploration results. The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. Core is aiming to convert a high proportion of the ET at Finniss to Mineral Resources in 2021. Core has defined an Exploration Target of 9.8 to 16.2 million tonnes at a grade of between 0.8 to 1.4% Li2O across seven different prospects. Exploration Targets have been defined at the existing Core prospects of Ah Hoys and Far West Central (both on EL29698) and at several Leviathan and Annie group pegmatites, within MLN1148 and ML31654, that are part of the current option agreement for Core to acquire. The Exploration Target has been determined after a review of existing exploration results, especially on the tenure associated with the Option Agreement. Based on these results the process was to use the interpreted geology and outline the extent of pegmatite along a series of sections at each prospect. These sectional interpretations were joined along strike, when they were considered to be continuous, and extended at depth to create a 150m vertical section of fresh pegmatite. A depth considered to be within the realms of open pit mining methods. Three dimensional wireframed shapes representing a fresh volume of pegmatite was created and considered as part of the Exploration Target. The tonnage range at each prospect was determined by applying a specific gravity of 2.72 g/cm3 to the volume and then assuming a 25% variability above and below this result. The specific gravity used is typical of mineralisation at existing mineral resources within the region such as Grants and BP33. The Centurion prospect has been the subject of extensive previous exploration, including trenching and shallow RC drilling by Julia Corp. in 2001. This drilling was undertaken on 50m spaced sections. A total of 10 RC holes, with a maximum vertical depth of 60m, together with mapping from trenches, define a very continuous zone of weathered pegmatite over a strike length of 220m, dipping steeply to the east. At the time the holes were assayed for tin and tantalum but not for lithium. Subsequent sampling of a limited number of pulps from this drilling (stored at the Northern Territory Geological Survey Core Library), returned assays up to 1.79% Li2O, despite the slightly weathered nature of the material sampled. Therefore, It Is likely that the Centurion pegmatite is prospective for economic grades of spodumene and the grade range for this target reflects that.