FLEET SPACE ANNOUNCES 1 YEAR EXOSPHERE CONTRACT WITH CORE LITHIUM
Fleet Space Technologies is delighted to announce a major new contract with Core Lithium. The 12-month agreement, signed [12th October] by Fleet Space co-founder & CEO Flavia Tata Nardini and Gareth Manderson, CEO at Core Lithium. The contract, which comes into effect in May 2023, will see Fleet’s pioneering satellite-based mineral exploration system, ExoSphere, deployed across Core’s tenements in the Northern Territory. Core was also successful in applying for the co-funding of a tenement-wide deployment of Exosphere at its Shoobridge Project in 2022, under round 15 of the Geophysics and Drilling Collaborations program. . This follows successful results of a collaborative trial between Core Lithium and Fleet Space Technologies at the BP33 prospect.
Core is using ExoSphere to accelerate its lithium exploration activities, in line with its vision to provide high-grade lithium for electric vehicle (EV) and renewable energy storage applications worldwide. The successful discovery of lithium, cobalt, copper and nickel is therefore essential to the global transition to clean-air mobility. Global EV demand cannot be met unless the pace of discoveries dramatically increases. The World Economic Forum states that