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Global Lithium Resources Ltd. ( (AU:GL1) ) has issued an announcement.
Global Lithium Resources Limited has announced the results of an optimized Definitive Feasibility Study (DFS) for its Manna Lithium Project, confirming it as a long-life and economically robust lithium asset. The DFS highlights include a post-tax NPV8 of A$472 million, a post-tax IRR of 25.7%, and a payback period of 3.5 years. The project is positioned as the third largest lithium deposit in the Eastern Goldfields, with a significant resource confidence and long mine life. The company is now focusing on advancing key project development activities, including off-take discussions and securing project financing, as it targets a Final Investment Decision in 2026.
The most recent analyst rating on (AU:GL1) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Global Lithium Resources Ltd. stock, see the AU:GL1 Stock Forecast page.
More about Global Lithium Resources Ltd.
Global Lithium Resources Limited is a company operating in the mining industry, focusing on lithium extraction. Its primary product is lithium, a critical mineral essential for the electrification of global economies. The company is primarily focused on developing the Manna Lithium Project in the Eastern Goldfields region of Western Australia.
Average Trading Volume: 723,879
Technical Sentiment Signal: Buy
Current Market Cap: A$163.6M
See more insights into GL1 stock on TipRanks’ Stock Analysis page.