Global Lithium Resources Ltd. (AU:GL1) has released an update.
Global Lithium Resources Ltd. reports strong progress on its Manna Lithium Project, with the Definitive Feasibility Study (DFS) including an updated Mineral Resource Estimate set for release in the second quarter of 2024. The company has completed extensive assay results from 2023 drilling, which will inform the DFS, and plans to commence further exploration in the second quarter. With a healthy cash reserve of $29.9 million, ongoing testwork has enhanced lithium recovery rates, and key approvals are nearing completion, Global Lithium is poised to capitalize on the expected market upturn later in the year.
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