Core Lithium (ASX:CXO) announced its first full-year profit as a lithium producer.
The company’s maiden financial year revenue stood at A$50.6 million.
It posted a net profit after tax of A$10.8 million for the financial year.
Core Lithium also provided the first production guidance of 90,000T-100,000T of spodumene concentrate sales for FY24.
Core Lithium (ASX:CXO) is a producer of lithium, catering to the growing demand in energy storage and advanced manufacturing sectors.