** Core Lithium CXO.AX falls as much as 6.8% to A$205, lowest since February 23

** Stock marks biggest intraday pct drop since March 9

** Lithium miner raises A$120 mln ($84.4 mln) via placement

** Offer price of A$0.21/share represents 4.5% discount to last close

** Co says placement funds to advance its Finniss Lithium Operation in Australia

** YTD, CXO down 22.7%

($1 = A$1.4213)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))