Core Lithium (ASX:CXO) hit mineralization from a recent drill program at the Blackbeard prospect within the Finniss lithium project in the Northern Territory, according to a Wednesday filing with the Australian bourse.

The program yielded up to 63 meters at 1.7% lithium oxide from 166 meters, including 20 meters at 2.11% lithium oxide from 208 meters. The prospect is located within a 20-kilometer radius of the Grants processing facility, the miner said in the filing.

The company's shares were up almost 2% in recent Wednesday trade.

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