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Global Lithium Resources Drills Manna Lithium Deposit Extension

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THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) timed the release of new drilling results nicely with the annual Diggers and Dealers Conference a weekend away.

Global Lithium Resources announced results from recently completed exploration drilling undertaken at the company’s 100 per cent-owned Manna lithium project on the outskirts of Kalgoorlie in Western Australia.

The assay results came from some 6,261 metres of RC drilling, which the company declared to confirm an undercover Southwest extension to the Manna lithium deposit over a 600m strike length.

Drill results within this extension include:

MRC0468
13 metres at 0.96 per cent lithium oxide (Li2O) from 187m;

MRC0481
8m at 0.81 per cent Li2O from 86m; and

MRC0467
7m at 1.03 per cent Li2O from 78m.

Global Lithium acknowledged the grades achieved were lower compared to earlier results from the Manna Central area, but explained the CY24 drilling has highlighted potential to build on the current Mineral Resource Estimate (MRE) of 51.6 million tonnes at 1 per cent Li2O at Manna and delineate further open pit mineable mineral inventory.

“The 2024 exploration drill program at Manna has confirmed a new zone of spodumene hosting pegmatites and increased the team’s geological understanding of the project area,” Global Lithium Resources general manager – geology Logan Barber said in the company’s ASX announcement.

“The extension expands the footprint of the mineralised pegmatites at Manna and highlights the discovery upside that still exists following more than 100,000m of drilling completed to date.

“The results of this program have added further momentum for GL1’s exploration team following the recent increase of the Manna MRE.

“We look forward to further analysing the results and providing an update on planning regarding our next drill program at Manna.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Global Lithium Resources Increases Manna Lithium Deposit Mineral Resource

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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

 

Global Lithium Resources in Pole Position for Market Turnaround

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THE CONFERENCE CALLER: Global Lithium Resources (ASX: GL1) managing director Ron Mitchell says the company’s Manna project is ideally placed to capitalise on the looming improvement in the lithium market. By Kristie Batten

Spodumene prices dipped below US$1000 per tonne earlier this year after trading as high as US$6000/t in late 2022.

In recent weeks, producers Pilbara Minerals, Albemarle Corporation and Mineral Resources have reportedly sold spodumene cargoes at above spot prices.

“The floor is probably now 4-5 weeks behind us,” Mitchell told the Tribeca Future Facing Commodities Conference in Singapore last week.

“We’re seeing now sustained improvement and consistency in pricing and I’d expect that to continue to improve through the third quarter and leading into the back end [of the year].”

Global Lithium is working on a definitive feasibility study at Manna, 100 kilometres east of Kalgoorlie.
The DFS is advanced and is expected to be completed this year.

“We’re one of only a handful of companies on the planet in lithium at the DFS stage,” Mitchell said.

“This is a ripping project.”

Global Lithium is working with SRK Consulting and GR Engineering Services to review the key inputs to the DFS.

“When we do deliver this project to market it will be bullet-proof and competitive,” Mitchell said.

Manna has a resource of 36 million tonnes at 1.13 per cent lithium oxide, based on just one year of drilling.

A resource update, incorporating 60,000 metres of drilling, is due in the current quarter.

Most of the drilling has been infill.

“What we’ve found is the grade is lifting and we’re getting great continuity, and the resource is still open,” Mitchell said.

“The under cover part of the orebody to the south is showing great potential.”

The 2024 drilling program will begin this quarter alongside the DFS and permitting work.

Mitchell said the company is hoping to receive the “holy grail”, a mining lease, in the September quarter.

“It positions us perfectly for when we do see sustained improvement,” he said.

Mitchell said the company’s three main advantages was that it owned 100 per cent of its projects, had no royalties over the projects, and still had 70 per cent of its offtake uncommitted.

“We’re in no rush to do offtake – it’s a weapon for us,” he said.

Global Lithium also has strategic partnerships with Australian producer Mineral Resources and China’s Canmax, the latter which it has an offtake deal with.

“The reality is in this market, in the next 2-3 years, if you want to make money in the lithium industry, you have to have a toe in China,” Mitchell said.

Global Lithium has A$36 million in cash.

“We’re fully funded all the way through to the final investment decision in the next 24 months,” Mitchell said.

 

 

Global Lithium Resources Completes Ore Sorting Trial at Manna Lithium Project

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THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) has completed the second stage of ore sorting trials at the company’s 100 per cent-owned Manna lithium project east of Kalgoorlie in Western Australia.

The company explained the testwork forms part of a wider scope of work being undertaken to progress the Definitive Feasibility Study (DFS) at the Manna lithium project towards completion by Q1, CY24.

The recent work consisted of two trials, the first an initial ore sorting testwork program that established the ability of ore sorting technology to upgrade a low-grade pegmatite ore from 0.9 per cent to 1.5 per cent lithium oxide (Li2O).

The second ore sorting trial focussed on a high-grade pegmatite ore and demonstrated technology is also capable of generating a high-grade SOC product for which there is strong customer demand.

Further ore sorting variability testwork using bulk PQ diamond drill core will be performed to establish a grade recovery curve for proposed SOC production and over life-of-mine (LOM) for the Manna Processing Plant.

“Both trials have demonstrated that the Manna pegmatite ore body is highly suited to ore sorting,” Global Lithium project director Tony Chamberlain said in the company’s ASX announcement.

“This work will unlock further value for the Manna project through potential early production of a SOC product and increase spodumene production for the main concentrator.

“The high-grade SOC product will be a very attractive product for potential offtake partners.

“The company is nearing completion of a pre-feasibility study in relation to SOC and is in discussions with several potential partners.

“With ore sorting now being incorporated into the main flowsheet, this will enhance the economics of the project due to the expected generation of additional revenue.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Global Lithium Resources Gets Drilling Underway at Manna Lithium Project

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THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) is back doing what it does very well with the recommencement of drilling at the company’s Manna lithium project near Kalgoorlie in Western Australia.

Global Lithium Resources is undertaking a 50,000 metres combined RC and diamond drilling program with the aim to further expand the Manna lithium project resource that currently stands at 36 million tonnes at 1.13 per cent lithium oxide (Li20).

The company anticipates a con-current infill drilling campaign will also lead to considerable resources in the Measured classification to assist with mine planning.

Global lithium expects to update the Manna project Mineral Resource Estimate (MRE) after the current drilling campaign is completed and all assay results have been received.

This final resource estimate will be added to the completed DFS program potentially enhancing the projects economics and life of mine.

“I am pleased to see the drill rigs spinning again at the Manna lithium project after completing a significant amount of development and planning work throughout the first half of 2023,” Global Lithium Resources head of geology Stuart Peterson said in the company’s ASX announcement.

“To complete the heritage surveys over the entire mining lease application area is a big step forward for the further development of the project and I am looking forward to seeing how large this resource can grow now we have a clear path for exploration and resource expansion.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Global Lithium Resources Upsizes Manna Lithium Project Resource

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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

 

Global Lithium Resources (ASX: GL1) Exploration Manager Logan Barber

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Global Lithium Resources (ASX: GL1) exploration manger Logan Barber zoomed into The Resources Roadhouse to bring Wally Graham up to speed on the company’s new rare earths discovery.

Global Lithium Resources Kicks Off Exploration Season

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THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) will be eager to discuss its upcoming large-scale exploration activities to be conducted across the company’s two 100 per cent-owned lithium projects in Western Australia at next week’s RIU Sydney Resources Roundup.

At the Manna lithium project, Global Lithium will carry out reverse circulation (RC) and diamond drilling (DD) programs with the aim of extending the large, high grade lithium bearing pegmatites of the Manna deposit.

The company has already completed a range of activities, including a Light Detection and Ranging (LIDAR) and high-resolution Aerial Photography program; a close spaced, gravity survey, from which data processing and interpretation is underway; a project wide VTEM survey, again with data processing and interpretation underway; and a multi-element soil sampling program across the extended tenement holding with assays yet to be received.

The Marble Bar lithium project is to be subjected to a RC drilling program to test Corridor 2 lithium targets.

An IP Survey is planned across the Twin Veins target to highlight potential chargeability anomalies and further RC drilling will test gold and base metal geochemical anomalies located at the Twin Veins targets and any identified chargeability anomalies.

“The company is well placed to make further significant discoveries within its large tenement holding at both of its 100 per cent-owned lithium projects,” Global Lithium Resources general manager geology Stuart Peterson claimed in the company’s ASX announcement.

“The Manna project has demonstrated to be a very productive system with the large 32.7 million tonnes at one per cent lithium oxide deposit that was proven up late last year.

“Importantly, Manna still shows plenty of scope to extend this deposit along strike with this year’s exploration program.

“The additional technical programs and surveys should provide further Greenfields targets.”

 

TO READ THE FULL ANNOUNCMENT: CLICK HERE

 

Global Lithium Resources Delivers Increased Manna Deposit Exploration Upside

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THE DRILL SERGEANT: Global Lithium Resources (ASX: GL1) received further assay results from a 2022 drilling program at the company’s 100 per cent-owned Manna lithium project, located on the outskirts of Kalgoorlie in Western Australia.

Global Lithium Resources said the results have highlighted a large-scale lithium bearing pegmatite system extending to the Northeast.

The company explained it had identified the Northeast spodumene extension of the Manna deposit late last year but due to priority placed on the Manna Resource upgrade, the area was not drilled until late in the 2022 exploration program.

Global Lithium has now received the majority of the results from this prospective area that highlight an 800 metres long zone containing large high-grade intercepts of spodumene bearing pegmatites, that extend along strike and down dip in all directions.

The company considers this new prospective zone to be a direct extension of the Manna deposit.

An interim resource upgrade is currently underway using the remaining assay results from the 2022 drilling program, which Global Lithium expects will improve its level of confidence and add to the overall size of the resource.

Reverse Circulation (RC) drilling results include:

MRC0192
19 metres at 1.2 per cent lithium oxide (Li2O) from 263m;

MRC0232
17m at 1.76 per cent Li2O from 341m; and

MRC0182
15m at 1.72 per cent Li2O from 277.

“I am very pleased with these exceptional assay results within the new North-eastern extension of the Manna Lithium deposit,” Global Lithium Resources general manager exploration Stuart Peterson said in the company’s ASX announcement.

“These results have increased our confidence that this new area could potentially hold significant tonnes and the company will continue to build on the existing Manna Resource.

“The exploration team have planned a large scale, 35,000m drilling program that is targeted to drill out and define new prospective areas within Manna.

“Our team continues to work hard to understand the extent of the possible strike length of the deposit outside of our current resource estimate.”

The Manna lithium project currently hosts a Mineral Resource of 32.7 million tonnes at 1 per cent Li2O.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE