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Global Lithium Resources Limited (ASX:GL1)
ALERT: Price-sensitive ASX Announcement for GL1
Current share price for GL1 : $0.715 0.2 (38.83%)+
Announcement
Release
4 Aug 2026 8:21AM
Price at Release
$0.515
Full Release
Summary
Global Lithium Resources Limited has secured approval for its Mining Development and Closure Proposal (MDCP) for the Manna Lithium Project in Western Australia, marking a significant regulatory milestone. This approval allows for the development of multiple open pits and critical infrastructure, supporting the Manna-Nova strategy. The project is planned to operate for at least 14 years, with the first direct shipping ore expected by Q2 2027 and Spodumene Concentrate production by mid-2027. This advances the company's timeline towards becoming Australia's next lithium producer, with the final investment decision slated for Q4 2026.
Key Points
- Manna Lithium Project MDCP approval received.
- Located on Kakarra Country, Western Australia.
- Approval allows development of multiple open pits.
- 15-year operation plan with critical infrastructure development.
- First direct shipping ore expected by Q2 2027.
- First Spodumene Concentrate production by mid 2027.
- Strengthens Manna-Nova development plan.
- MDCP approval ahead of internal timelines.
- Final Investment Decision planned for Q4 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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