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- Global Lithium Resources (GL1) accelerates progress at its Western Australian Marble Bar and Manna lithium projects as it seeks to update its mineral resource
- At the Marble Bar project, the company has completed 7789 metres of reverse circulation (RC) drilling, with 1400 drill samples sent for assaying
- It plans to complete diamond drilling at the project in the third quarter of this year in order to test and expand the deposit at depth
- Meanwhile, at the Manna project, the company has secured drilling contractor Profile Drilling to undertake a 20,000 metre RC drilling program
- Shares are trading 4.45 per cent lower today at $2.36 each
Global Lithium Resources (GL1) has accelerated progress at its Western Australian Marble Bar and Manna lithium projects as it seeks to update its mineral resource.
The Marble Bar project has seen 7789 metres of reverse circulation (RC) drilling to date, with a total of 60,000 metres planned.
The company has sent 1400 drill samples from the project for assaying, with results expected in the second quarter.
It plans to complete diamond drilling at the project in the third quarter of this year in order to test and expand the deposit at depth.
Meanwhile, at the Manna project, the company has secured drilling contractor Profile Drilling to undertake a 20,000 metre RC drilling program.
A mobile camp is being prepared with drilling expected to start next month.
Drilling results from both projects will be used in an updated mineral resource later in the year.
Combined, the projects currently have an inferred mineral resource of 18.4 million tonnes at 1.06 per cent lithium oxide.
Head of Geology Stuart Peterson said drilling is progressing according to plan at Marble Bar.
“Over at Manna, planning for our 20,000 metre RC drill program continues and we anticipate drilling to commence in early April, following the establishment of the mobile camp to house both the geology and drilling teams,” he said.
“It is our intention to follow this up with 6,000 metre diamond drilling prior to the release of an updated Mineral Resource later this year.”
Shares were trading 4.45 per cent lower today at $2.36 each at 11:13 am AEDT.
