EXPLORATION & DEVELOPMENT

Global Lithium points to large Manna extension

Major drilling this year to further assess

This article is 2 years old. Images might not display.

An updated resource is now being worked on with new drill hits reported including 17m at 1.76% lithium oxide from 341m downhole.

Recent scoping work outlined an operation east of Kalgoorlie featuring an open pit developed to 400m depth.

The current Manna resource is 32.7 million tonnes grading 1% lithium oxide, with Global Lithium looking at a circa A$400 million development processing two million tonnes per annum of ore and producing an average of about 220,000tpa of spodumene concentrate.

The financial metrics reported in the scoping work were outstanding, though critics of the study questioned the lithium price used.

Global Lithium plans to do 35,000m of drilling in 2023.

The company had $76 million cash at the end of December.

Shares in Global Lithium were down 2% to $1.57 in morning trade during a negative session for lithium stocks.

At that price Global Lithium is capitalised at $411 million.

The stock has been on downwards trend since reaching $2.94 last September.

Global Lithium's IPO two year ago priced new shares at 20c each.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Mining Company Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.