Global Lithium Resources Upsizes Manna Lithium Project Resource
THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) reported an update to the Manna Mineral Resource Estimate (MRE) and contained lithium oxide content for the company’s 100 per cent-owned Manna lithium project located just outside Kalgoorlie in Western Australia.
Global Lithium Resources has re-estimated the MRE to include approximately 5,000 assay results from the company’s 2022 exploration program that missed out on inclusion before release of the previous MRE in December 2022.
The new data along with an improved internal resource domaining program has led to an increase in both lithium oxide grade and tonnage over and above the earlier Manna MRE.
The new MRE has resulted in:
A 24.1 per cent increase in total contained lithium oxide (Li2O) from 327,000 tonnes to 406,000 tonnes Li2O;
A 13 per cent increase in the Manna lithium project Mineral Resource grade to 1.13 per cent Li2O; and
A 10 per cent increase in the Manna lithium project Mineral Resource tonnes to 36 million tonnes.
“The company is excited with this significant Mineral Resource upgrade at our 100 per cent-owned Manna lithium project and it’s a great outcome following the extensive exploration program we undertook safely during 2022,” Global Lithium Resources managing director Ron Mitchell said in the company’s ASX announcement.
“I am delighted to report this increase in the overall tonnage and grade in the Manna Mineral Resource Estimate.
“This growing resource demonstrates that Manna has great potential to become one of the most important near-term lithium projects in Western Australia.
“The Mineral Resource upgrade at Manna provides us with a compelling base to further progress various studies for the project, with an additional Mineral Resource update expected in H1 CY2024, which will include the results of a 50,000 metres drilling campaign soon to get underway.
“2023 is shaping as another transformative year in the development of Global Lithium”.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
