Global Lithium Resources

Latest report on Global Lithium from Shaw and Partners Senior Research Analyst Peter Kormendy, Head of Research Andrew Hines and Analyst Dorab Postmaster – following the completion of our Manna DFS metallurgical testwork program. "The completion of metallurgical testwork for the Manna DFS has resulted in a Li2O recovery of 78% and an eminently saleable grade above 5.5% spodumene concentrate," the Shaw & Partners team writes. "We highlight outstanding value on offer in GL1 and expect production curtailments to result in a lithium market rebound throughout the balance of 2024 and into 2025."

Global Lithium had the privilege of hosting Kakarra Traditional Owners Travis Tucker, Anita Hogan and Tarra Velickovic at the Diggers & Dealers Mining Forum in Kalgoorlie last month. The group joined our Community Relations Manager Nicole Stein, and other key Company executives, at the event over three days, and were provided with full delegate passes including tickets to the Gala Ball on the final evening. During the forum they were provided with opportunities to expand their knowledge of mining in Western Australia, gain valuable insights into lithium and the spodumene concentration process, as well as lithium’s importance in delivering a sustainable clean energy future. The event also featured a fun photo opportunity with some former AFL stars including West Coast Eagles former Captain and Coach John Worsfold, Chris Judd, and former AFL player Nyoongar-Yamatji Des Headland, adding a memorable touch to the occasion! Attending the conference together aimed to strengthen relationships between Global Lithium and the Kakarra Traditional Owners, integrating them into the mining community and providing valuable networking opportunities and new connections. Our Community Relations Manager Nicole Stein said: "We had a fantastic few days at Diggers hosting Travis, Anita and Tarra on behalf of Global Lithium. We are committed to respecting and appreciating the Indigenous communities we collaborate with, and look forward to our continued work together into the future.”

Global Lithium Resources (ASX:GL1) has announced the completion of metallurgical testwork for the Manna Project, achieving a 78% Li2O recovery, an 8% increase since beginning the optimisation process. ✅ "This increase in overall lithia recovery and finalisation of the spodumene beneficiation flow sheet design fundamentally de-risks Manna and is a terrific result by the Project Development team as we near completion of the Project DFS. "The 78% lithia recovery delivered through this extensive metallurgical testwork program is testament to the unique characteristics of the Manna ore body and is expected to have a positive impact on the overall project economics of Manna, through extra spodumene concentrate production and additional revenue." - Global Lithium Executive Chairman Ron Mitchell #ASX #ASXNews #Investing #Mining #Lithium Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/gfgPmPwe

We're pleased to announce the completion of the DFS metallurgical testwork program for our 100% owned Manna Lithium Project in Western Australia. Our Executive Chair Ron Mitchell said: “This increase in overall lithia recovery and finalisation of the spodumene beneficiation flow sheet design fundamentally de-risks Manna and is a terrific result by the Project Development team as we near completion of the Project DFS. “The current Manna resource stands at 51.6Mt @ 1.0% Li2O which positions the Project as the second largest lithium resource in the Kalgoorlie Lithium province. The 78% lithia recovery delivered through this extensive metallurgical testwork program is testament to the unique characteristics of the Manna ore body and is expected to have a positive impact on the overall project economics of Manna, through extra spodumene concentrate production and additional revenue.” Read more: https://loom.ly/u19EMQA

Our Executive Chairman Ron Mitchell is quoted in the below Stockhead article, providing insights into what's ahead for the lithium market and Australian spodumene. “The market, when it does tighten up, it’ll be projects like ours that will be first and foremost on the radar for development,” Ron told delegates last Wednesday at the Diggers & Dealers Mining Forum in Kalgoorlie. Read the full article below:

Global Lithium is discussed in the below article from Australian Resources & Investment 🗞️ "When GL1 announced a a 43% resource increase for its Manna Lithium Deposit in June, it solidified the project as a truly world-class asset," the publication writes. Our Executive Chairman Ron Mitchell discusses our robust financial position, planned activities at Manna and the 'crucial' six months ahead, plus current market conditions.

Great to be back at the Diggers & Dealers Mining Forum for the 3rd successive year. With a 51.6Mt @ 1.0% Li2O resource, a DFS, metallurgical test work program and material approvals all well advanced, Global Lithium Resources and our Manna Lithium Project is well positioned for the market rebound.

Our Executive Chairman Ron Mitchell presented at the Diggers & Dealers Mining Forum this week. Missed the update? You can watch it here: https://loom.ly/JJ5nbBc

Our Executive Chairman Ron Mitchell is interviewed in the below article from Mining.com, discussing activities underway at our Manna Project, and lithium market outlook. Ron highlights that GL1 remains focused on the work at hand, despite challenging market conditions. “Importantly, by the end of this year, we’ll be one of only a handful of companies on the planet that has completed a DFS, with a mineral reserve, that has a mining lease in hand, and that is going to position our company wonderfully well as we move towards FID, with the market rebounding in 2025,” he said. Read more: https://loom.ly/WTW0z6M

Uber and BYD have partnered to accelerate the global EV transition 🚗 The multi-year strategic partnership will bring 100,000 new BYD electric vehicles onto the Uber platform across key global markets. Beginning first in Europe and Latin America, the partnership will offer drivers access to best-in-class pricing and financing for BYD vehicles on the Uber platform, and will expand to include markets across the Middle East, Canada, Australia, and New Zealand. “Uber and BYD share a commitment to innovate towards a cleaner, greener world, and I am excited to work together towards that future,” said Chuanfu Wang, Chairman and President of BYD. Read the press release here: https://loom.ly/dIPw26I