Global Lithium Resources Increases Manna Lithium Deposit Mineral Resource
THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) has increased the Mineral Resource Estimate (MRE) and contained lithium oxide content for the company’s 100 per cent-owned Manna lithium project near Kalgoorlie in Western Australia.
Global Lithium Resources reported the updated Manna lithium deposit MRE to now stand at 51.6 million tonnes at 1 per cent lithium oxide (Li2O).
Numbers associated with the update are compelling with the MRE positioning the project as the 2nd largest lithium resource in the Eastern Goldfields.
These numbers include a 43 per cent increase in the Manna lithium project Mineral Resource tonnes to 51.6 million tonnes, a 26 per cent increase in total contained Li2O from 406,000 tonnes to 515,000 tonnes, contained lithium carbonate equivalent (LCE) of 1.276 million tonnes, and a 63 per cent increase in the higher confidence indicated JORC classification to 32.9 million tonnes at 1.04 per cent Li2O.
“The company is pleased with this significant Mineral Resource upgrade at our 100 per cent-owned Manna lithium project, a great outcome following the extensive and safely executed exploration program our team undertook during 2023,” Global Lithium Resources managing director Ron Mitchell said in the company’s ASX announcement.
“The 63 per cent increase in the indicated resource classification is particularly important as we continue to advance our geological understanding of the deposit.
“I am delighted to report this increase in the overall tonnage and contained lithium mineralisation within the Manna lithium deposit.
“This growing resource demonstrates that Manna has potential to become one of the most important near-term lithium development projects in Western Australia, a proven low risk mining jurisdiction.
“This Mineral Resource upgrade will be included in the mine schedule and planning for the Manna DFS which is now well advanced.
“Coupled with the positive technical results in relation to our commercial scale ore sorting trials and ongoing metallurgical test work, our confidence in the robustness of the Manna deposit has grown.
“The Global Lithium team is now heavily focussed on executing several parallel project related activities including the near-term completion of all material project approvals, our CY24 exploration campaign and the conclusion of the Manna DFS.
“We look forward to updating shareholders in the coming months as these milestones are delivered.”
Global Lithium Resources managing director Ron Mitchell at RIU Sydney Resources Round-up
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
