Global adds to lithium resource
PERTH (miningweekly.com) – ASX-listed Global Lithium Resources has reported a 230% increase in the mineral resource at its Manna lithium project, and a 71% increase in the Marble Bar lithium project, both in Western Australia.
The Manna lithium project is now estimated to host a mineral resource of some 32.7-million tonnes at 1% lithium oxide, while the Marble Bar resource is estimated at 18-million tonnes at 1% lithium oxide.
“These game-changing mineral resource upgrades, at our 100%-owned Western Australian hard-rock lithium projects, are a great outcome for Global Lithium following the nearly 85 000 m exploration programs we have undertaken safely during 2022,” said MD Ron Mitchell.
“I am delighted to oversee such a significant increase in the mineral resource for the company across its portfolio. The Global Lithium geological team, drilling contractors, traditional owners and external advisors have all worked tirelessly over the last eleven months to deliver this result and I congratulate each and every one of them on the tremendous success of the campaign.
“The mineral resource upgrade at Manna provides us with a compelling base to progress scoping and feasibility studies for the project, with a further mineral resource update expected in 2023. We are now in the fortunate position to own 100% of Manna following the consolidation of Breaker Resources’ 20% stake in November 20221. This provides us with maximum control and flexibility to expedite these studies with the goal of bringing Manna into production as soon as practicable. We expect to announce the results of the scoping study for Manna in the first quarter next calendar year. As we look forward, 2023 is shaping up as another step-change year for Global Lithium.”
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