Global Lithium Resources is an Australian Securities Exchange (ASX) listed mining exploration company, trading under the code GL1. The company focuses on developing lithium assets in Western Australia, with two significant projects: the Manna Lithium Project in the Goldfields region and the Marble Bar Lithium Project in the Pilbara region. Since its establishment, Global Lithium has built a substantial resource base of 69.6 million tonnes across its projects, positioning itself as a vital contributor to the lithium supply chain. The company’s strategic location in Western Australia, combined with its growing resource portfolio, makes it an important player in meeting the increasing global demand for lithium resources.
Battery Technology
Global Lithium Resources contributes to the battery industry through its exploration and development of high-grade lithium deposits. The company’s Manna Lithium Project features significant spodumene and lepidolite-bearing pegmatites, essential minerals for lithium extraction. These minerals are processed into lithium compounds crucial for manufacturing lithium-ion batteries used in electric vehicles and energy storage systems.
The company’s Marble Bar Lithium Project, situated in the North Pilbara Craton, shares geological characteristics with notable lithium operations like Wodgina and Pilgangoora. This project’s location within one of the world’s major lithium provinces enhances its potential to supply high-quality lithium materials for battery production. Through extensive drilling programs and resource development, Global Lithium ensures a steady supply of raw materials necessary for advancing battery technology manufacturing.
Recent Projects
In June 2024, Global Lithium achieved a significant milestone by upgrading the Manna Lithium Deposit’s mineral resource by 43% to 51.6 million tonnes at 1.0% Li2O. This advancement established Manna as the second-largest lithium resource in Western Australia’s Eastern Goldfields region. The company is currently progressing with its Definitive Feasibility Study, which includes updated mineral resource estimates and detailed mine scheduling. Additionally, Global Lithium filed a Mining Lease application for the Manna Project in April 2023, marking substantial progress toward production.
Investors
Global Lithium has secured backing from notable strategic investors. Canmax (formerly Suzhou TA&A Ultra Clean Technology Co) holds 9.66% of shares, while Mineral Resources Limited (ASX: MIN) maintains a 9.64% stake. Other significant investors include Lithium Resources Operations Pty Ltd (9.48%) and Sincerity Development Pty Ltd (6.89%). These partnerships demonstrate strong industry confidence in Global Lithium’s projects and future potential.
Business Details
Location: Level 1, 16 Ventnor Avenue, West Perth WA 6005, Australia
Website: https://globallithium.com.au
LinkedIn: https://www.linkedin.com/company/global-lithium-resources/
