CORE LITHIUM LIMITED (CXO)
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CXO

CXO - CORE LITHIUM LIMITED

FNArena Sector : New Battery Elements
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.14
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.25

03 Feb
2026

0.020

OPEN

$0.23

8.70%

HIGH

$0.25

16,162,417

LOW

$0.23

TARGET
$0.35 40.0% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
CXO: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 1.1 N/A xxx
DPS (cps) xxx 0.0 N/A xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
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Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-1.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx10.9
Net Operating Cash Flow xxxxxxxxxxxxxxx-43.9 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-9.52 %
Return on Invested Capital xxxxxxxxxxxxxxx-9.41 %
Return on Assets xxxxxxxxxxxxxxx-7.89 %
Return on Equity xxxxxxxxxxxxxxx-9.52 %
Return on Total Capital xxxxxxxxxxxxxxx-8.57 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-55.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx2 M
Total Debt xxxxxxxxxxxxxxx3 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx24 M
Price To Book Value xxxxxxxxxxxxxxx0.90

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx19.4 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx1 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx20 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

29/01/2026

1

Buy

$0.35

40.00%

Ord Minnett brought forward its commodity price review (last done on December 12) after over 20% spike in key minerals, lifting 2026 forecasts. Silver led the gain, with 90% rise in the forecast to US$105/oz, gold up 19% and copper up 14%.

Lithium spodumene and copper remain the broker's key pick for 2026, supported by supply tightness and electrification demand, while iron ore and lithium forecasts are unchanged. A modest AUD appreciation only partly offsets the stronger outlook, with forecasts generally above market expectations.

In lithium, the broker's top picks are IGO Ltd and PLS Group. No change to forecasts for Core Lithium.

Buy retained, with target price lifted to 35c from 30c.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Petra Capital

05/09/2025

1

Buy

$0.13

-48.00%

Core Lithium has raised $50m at 10.5c per share, with a further $10m expected from a share purchase plan (SPP), to accelerate the BP33 development at the Finniss Lithium Project in the Northern Territory.

Funds will restart the box-cut and decline at what is intended to be the backbone of the mine plan, explains Petra Capital. Around -$25m will go toward dewatering and box-cut completion at BP33, with -$6m for long-lead items.

The Grants underground deposit could be developed within six months, with BP33 to follow 12 months later. Management may even advance BP33 as the start-up mine before the Grants deposit 

Commentary highlights mM\anagement is seeking non-dilutive funding through a strategic partner, joint venture, prepayments or debt to meet restart capex of -$175-200m, with $120m of equity assumed versus $160m previously.

A final investment decision is targeted by late 2025, with first concentrate expected in FY27. Petra Capital retains a Buy rating with a reduced 13c target from 14c.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents.
Access Extra Coverage Research History >

CXO STOCK CHART

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