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Please find attached an ASX release by Global Lithium Resources Limited (GL1) announcing the highest grade lithium intersections yet achieved from diamond drilling at the Manna Lithium Project, situated within Breaker Resources NL’s 1.7Moz# Lake Roe Gold Project. Mapping has also identified a new southwestern pegmatite target area up to 1.2km directly along strike from the main deposit.
A maiden Inferred JORC Mineral Resource of 9.9Mt @ 1.14% Li2O and 49 Ta2O5 ppm^ was previously announced on 17 February 2022. The pegmatite system at Manna is open in all directions with several mineralised trends extending over a 5km x 1.5km area.
A Mineral Resource update for the Manna Lithium Project is expected following ongoing drilling and planned metallurgical test work.
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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