July 30 (Reuters) - Core Exploration Ltd CXO.AX :
* ENTERED INTO A NON-BINDING TERM SHEET WITH SHANDONG RUIFU LITHIUM TO SUPPLY UP TO 150,000TPA OF LITHIUM CONCENTRATE
* PLACEMENT FOR ABOUT $3.0 MILLION TO RUIFU AT 5 CENTS PER SHARE, RESULTING IN RUIFU HOLDING A 10% INTEREST IN CORE
* US$35 MILLION CONDITIONAL PRE-PAYMENT FACILITY TO BE PROVIDED BY RUIFU