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Global Lithium Resources Ltd. ( (AU:GL1) ) just unveiled an announcement.
Global Lithium Resources has released an optimised Definitive Feasibility Study for its Manna Lithium Project, confirming it as a long-life, economically robust operation with a post-tax NPV of A$472 million, a 25.7% IRR, and a projected mine life of more than 14 years underpinned by a maiden ore reserve of 19.4Mt at 0.91% Li2O. In parallel, the company has signed a non-binding memorandum of understanding with Southern Ports Authority to progress export logistics through the Port of Esperance and launched an IPO to spin out its Marble Bar gold assets into MB Gold Limited, while ending the quarter with A$19.8 million in cash, moves that collectively sharpen its strategic focus on lithium and strengthen its development pathway for Manna.
The most recent analyst rating on (AU:GL1) stock is a Hold with a A$0.56 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 is a multi-asset West Australian lithium company focused on the exploration and development of lithium projects, with its flagship Manna Lithium Project positioned as one of the largest deposits in the Eastern Goldfields region. The company operates in the critical minerals sector, targeting growing demand from the global electrification and battery supply chain markets.
Average Trading Volume: 755,814
Technical Sentiment Signal: Buy
Current Market Cap: A$146.6M
See more data about GL1 stock on TipRanks’ Stock Analysis page.