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Please find attached information relating to more exciting infill and extensional drilling results from a 20,000m program of reverse circulation drilling currently being undertaken by Global Lithium Resources Limited (GL1), at the Manna Lithium Project within Breaker Resources NL’s 1.7Moz# Lake Roe Gold Project.
A maiden Inferred JORC Mineral Resource of 9.9Mt @ 1.14% Li2O and 49 Ta2O5 ppm^ was previously announced on 17 February 2022. The 5km x 1.5km pegmatite system at Manna is open in all directions. A Mineral Resource update for the Manna Lithium Project is expected following the drilling program and metallurgical test work in Q4 2022.
Breaker retains a 20% free-carried interest in the Manna Lithium Project with Global Lithium carrying all costs and expenditure to completion of a positive bankable feasibility study (BFS). Breaker is also entitled to milestone payments of up to $20 million.
On behalf of the Board of Directors,
Tom Sanders
Managing Director
Click here for the full ASX Release
This article includes content from Breaker Resources NL, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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