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Global Lithium Resources Ltd. ( (AU:GL1) ) has provided an announcement.
Global Lithium Resources has signed a non-binding memorandum of understanding with Southern Ports Authority to investigate exporting up to 240,000 tonnes per year of spodumene concentrate from its flagship Manna Lithium Project via the Port of Esperance. The agreement sets a framework to assess port infrastructure, trucking and in-loading options, undercover stockpiling, and ship loading at Berth 3, and comes on the heels of a definitive feasibility study confirming strong economics and long-life potential for Manna. By moving to secure efficient export logistics ahead of a final investment decision expected next year, Global Lithium is reinforcing its pathway to production and strengthening its strategic position in Western Australia’s growing lithium supply chain.
The most recent analyst rating on (AU:GL1) stock is a Hold with a A$0.65 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 West Australian lithium exploration and development company focused on its 100%-owned Manna Lithium Project in the Goldfields and the Marble Bar Lithium Project in the Pilbara region. With a combined Indicated and Inferred Mineral Resource of 69.6Mt at 1.0% Li2O and an Ore Reserve of 19.4Mt at 0.91% Li2O at Manna, the company positions itself as a significant global lithium player targeting key battery materials markets.
Average Trading Volume: 764,984
Technical Sentiment Signal: Buy
Current Market Cap: A$140M
For a thorough assessment of GL1 stock, go to TipRanks’ Stock Analysis page.