Global Lithium Resources is moving forward with the development of its Manna Lithium project after being granted mining license M28/414 by the Western Australian Minister for Mines, Petroleum and Exploration.
The Manna Lithium project concession
The extended license granted for a period of 21 years under the Mining Act 1978(as amended), which marks a decisive step towards the consolidation of the project as one of the pillars of the critical minerals sector. critical minerals sector in the region.
[post_relacionado]This development comes on the heels of the signing of the native title mining agreement with theKakarra Part B Native Title Group, strengthening Global Lithium ‘s commitment to responsible development and respect for indigenous communities.
The concession de-risks the project and accelerates its path towards a final investment decision(FID), expected by the end of 2025, once the optimization of the definitive feasibility study is completed.
Global Lithium CEO Dr. Dianmin Chen hailed the announcement as a “transformational moment” for the company and its shareholders. “This achievement validates our focused strategy and the diligent work of our team and partners. We are now fully focused on finalizing the feasibility study and moving forward with discussions with potential development partners. “, he claimed.
The Manna Lithium project is located in the prolific Eastern Goldfields region, has an estimated mineral resource of 51.6 million tons with a concentration of 1.0% lithium oxide(Li₂O), making it the third largest lithium resource in the area. In addition, it is estimated to become an important producer of spodumene concentrate.
Source and photo: Global Lithium