Global Lithium Resources (ASX:GL1) announces that an additional reverse circulation (RC) drilling rig has been mobilised at its Manna Lithium Project located 100km east of Kalgoorlie in Western Australia.
The emerging multi-asset West Australian lithium company notes that contractor K-Drill was commissioned to undertake the infill RC drilling program, which will complement the ongoing 20,000m drilling program at Manna.
K-Drill is a Western Australian-based drilling services company which specialises in RC mineral exploration drilling and other mining services.
The addition of another RC rig will greatly increase the drilling information available to Global Lithium ahead of the updated Mineral Resource, expected to be announced in December 2022.
Addressing the drill program, Global Lithium Head of Geology Stuart Peterson commented: “Drilling at the Manna Lithium Project has now surpassed the amount of historic drilling performed previously.
“Drilling at the Manna Lithium Project has now surpassed the amount of historic drilling performed previously”
With the addition of the second RC rig from K-Drill, along with the double shifting Diamond rig the geological information flow from the Manna Lithium Project is the highest it’s ever been. This will allow the Company to pull from a large database of drilling information to build the upgraded resource from in December.
“K-Drill is a highly experienced drilling contractor and we are confident they will be a valued addition to the Manna Lithium Project. We look forward to updating the market and shareholders of progress at Manna during drilling and as further results from this program become available.”
The Manna Lithium Project hosts a maiden Inferred Mineral Resource of 9.9Mt @ 1.14% Li₂O (100% basis). The Company anticipates a Mineral Resource update to follow the drilling program along with additional metallurgical test work in Q4 2022.
Global Lithium is a diversified West Australian focused mining exploration company with multiple assets in key lithium branded jurisdictions with a primary focus on the 100%-owned Marble Bar Lithium Project (MBLP) in the Pilbara region and the 80%-interest in the Manna Lithium Project in the Goldfields.
The company has now defined a total Inferred Mineral Resource of 18.4Mt @ 1.06% Li2O at its MBLP and Manna Lithium projects.
Global Lithium’s major shareholders include Suzhou TA&A Ultra Clean Technology Co. (Suzhou TA&A), a controlling shareholder of Yibin Tianyi Lithium, a joint venture between Suzhou TA&A (SZSE:300390) (75%) and CATL (SZSE:300750) (25%), the world’s largest EV battery producer, and ASX listed Mineral Resources Limited (ASX:MIN).
Images: Global Lithium Resources Ltd
