Manna Drilling Delivers Positive Assays

The Manna Lithium Project hosts a maiden Inferred Mineral Resource of 9.9Mt @ 1.14% Li2O (100% basis)¹. After acquiring an 80% interest in Manna from Breaker Resources (ASX: BRB) in December 2021, GL1 engaged Snowden Optiro to undertake a Mineral Resource estimate using data compiled by Breaker Resources, including RC and DD results.

Highlights

• Significant intervals of lithium mineralisation intersected from early reverse circulation (RC) drilling at the Manna Lithium Project (Manna)
• The program validates previous drilling and resource information, further extending the orebody at depth which remains open (refer Figure 2.).
  
• Drilling intercepts across the same Pegmatite shows continuity with depth:
  • MRC0028 returned 12m @ 0.75% Li₂O from 41m
    • inc. 4m @ 1.41% Li₂O from 41m
  • MRC0029 returned 11m @ 0.83% Li₂O from 123m
    • inc. 4m @ 1.29% Li₂O from 126m
    • and 1m @ 1.12% Li₂O from 133m
  • MRC0035 returned 15m @ 0.91% Li₂O from 221m
    • inc. 3m @ 1.39% Li₂O from 221m
    • and 2m @ 1.16% Li₂O from 229m
    • and 1m @ 1.02% Li₂O from 234m
  • Additional pegmatite intercepts showing continuity with depth:
    • MRC0034 returned 13m @ 0.84% Li₂O from 46m
    • MRC0035 returned 6m @ 1.09% Li₂O from 172m
  • Manna East Pegmatite showing increasing width with depth:
    • MRC0032 9m @ 1.29% Li₂O from 110m
  • Ongoing drilling will further target lithium mineralised pegmatites both along strike and at depth
  • Experienced drilling contractor, Mt Magnet Drilling (Mt Magnet), commences diamond drilling (DD) program at Manna
  • Initial 4,000m program will be GL1’s first DD campaign at Manna since acquisition of project in December 2021
  • The diamond core drilling is specifically targeting the Pegmatites at depths below the RC drilling program currently underway

Growing multi-asset West Australian lithium company Global Lithium Resources Limited (ASX: GL1, “Global Lithium” or “the Company”) is pleased to announce the first lithium assay results from its initial RC drilling program at the Manna Lithium Project, located 100km east of Kalgoorlie.

Whilst they are early-stage results from this program, the assays provide GL1 with significant confidence in the Manna Lithium Project and confirm the findings from previous drilling undertaken by Breaker in 2018.

The assay results highlighted above are the first to be reported from the Company’s maiden 20,000m RC program at Manna, which commenced in May and is being undertaken by experienced contractor Profile Drilling Services.

Figure 1 – Showing the resource expansion drilling plan.

Figure 2 – Cross Section A-B showing the interpreted pegmatites projected against assay results along the drill trace line.

Diamond Drilling Commences at MannaIn addition, the Company is pleased to report that diamond drilling (DD) has commenced at the Manna Lithium Project on schedule. Earlier this year, experienced contractor Mt Magnet Drilling was appointed to undertake the DD program which will initially comprise 4,000m of drilling. Mt Magnet is a Western Australian-based drilling services company which specialises in DD mineral exploration drilling.

The DD program has been designed to test and expand the deposit at depth below the RC program. GL1 will progress the DD program in parallel with ongoing RC drilling program and intends to update shareholders with further results in Q3, 2022. A geotechnical logging program of the core will run in parallel with the metallurgical test program to enable the potential commencement of feasibility study work on the deposit.

The Company anticipates a Mineral Resource update at the Manna Lithium Project to follow the completion of the RC and DD programs along with additional metallurgical test work in Q4 2022.

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