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Global Lithium commences RC drilling at Manna Lithium Project

2 May 2024 12:41

Global Lithium Resources (ASX:GL1), after a period of data consolidation and interpretation of a successful 2023 drill campaign, has recommenced Reverse Circulation (RC) drilling at its wholly owned Manna Lithium Project, located 100km east of Kalgoorlie in Western Australia’s Goldfields region.

RC drill campaign

Global’s exploration team has returned to Manna with plans to execute a 6000m RC drill campaign, where they will test for extensions of the significant Manna Lithium Project resource that stands at 36Mt @ 1.13% Li2O2.

Following on from the success of last years campaign, which intersected 21m @ 0.99% Li2O from 91m in MBRC0312, the RC drill rig will target pegmatite extensions southwest along strike from the Manna Resource.

The targeted area is undercover and extends over 5km along the Manna Fault, which will be undertaken by the experienced drilling contractor Profile Drilling, who previously helped Global conduct its 2022 and 2023 drill programs.

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Figure 1: Manna Lithium Project exploration program overview highlighting existing and proposed drilling. The interpreted Manna Fault structural corridor is shown along with the Cardunia Granite and areas of transported cover.

Manna developments

Alongside the Manna drill program, Global also has a Program Of Works (POW) in progress, focusing on water exploration drilling, which aims to secure a prominent water supply solution for the operation of the Manna mine and processing facility.

Global is working on completing its Manna Definitive Feasibility Study (DFS), whilst simultaneously updating its Manna Mineral Resources Estimate (MRE), which is scheduled for release later this quarter.

Global Lithium Resources General Manager of Geology, Logan Barber, expects the MRE and drill program results will be released shortly.

“The Company expects the initial CY24 drilling program will span approximately two months with results to be announced next quarter,” he said.

“With GL1 also due to release an update to the Manna Mineral Resource Estimate (MRE) in the current quarter, it is shaping up as an exciting period for the Company and its exploration team.”

Whether further drilling will be conducted after this campaign depends on the results of the CY24 drill program.

Todays announcement follows the recent news of the company’s successful application in round 29 of WA’s Exploration Initiative Scheme (EIS) Co-Funded grant, expected to help streamline productivity at its highly prospective Marble Bar Lithium Project in WA’s Pilbara region and provide funds for the drilling of gold, silver and copper.

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Figure 2: Profile RC rig on-site at the Manna Lithium Project.

Company Commentary

According to Mr Barber, the testing of extensional areas at Manna poses great opportunities for significant resource growth.

“It is great the GL1 exploration team is back on the ground at the Manna Lithium Project after a period of data consolidation, interpretation, and target generation,” he said.

“This drill campaign is testing extensional areas undercover with any intersection of spodumene-bearing pegmatite potentially leading to significant resource growth.

“GL1 will use this year’s drilling program to further unlock the exploration upside which still exists across our extensive Manna landholding and expand on the successes we have delivered to date drilling the primary Manna Resource area.”

GL1’s Australian Security Exchange-listed share price is currently trading at $0.395 (12:30 pm UTC+ 8 hours).

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