{"id":8807,"date":"2024-08-10T09:09:48","date_gmt":"2024-08-09T23:09:48","guid":{"rendered":"https:\/\/yinghuiinternational.com\/?p=8807"},"modified":"2024-08-10T09:10:13","modified_gmt":"2024-08-09T23:10:13","slug":"this-emerging-lithium-project-trumps-bald-hill-for-size","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2024\/08\/10\/this-emerging-lithium-project-trumps-bald-hill-for-size\/","title":{"rendered":"This emerging lithium project trumps Bald Hill for size"},"content":{"rendered":"\n

<\/h1>\n\n\n\n

\"\"Staff Writer<\/a><\/p>\n\n\n\n

\"Manna<\/figure>\n\n\n\n

Image: Henri Koskinen\/adobe.stock.come<\/p>\n\n\n\n

When Global Lithium Resources<\/a> announced a a 43 per cent resource increase for its Manna lithium deposit in June, it solidified the project as a truly world-class asset.<\/p>\n\n\n\n

This took Manna\u2019s mineral resource estimate (MRE) to 51.6 million tonnes (Mt) at one per cent lithium oxide, within arm\u2019s reach of Mineral Resources\u2019 (MinRes) 60.5Mt Mt Marion lithium operation located just down the road.<\/p>\n\n\n\n

Manna now well and truly trumps MinRes\u2019 26.5Mt Bald Hill mine for size, which is an operating lithium asset.<\/p>\n\n\n\n

Global Lithium managing director Ron Mitchell used his presentation at\u00a0Diggers and Dealers<\/strong><\/a>\u00a0this week to speak about how the MRE increase makes Manna the second largest lithium resource in the Kalgoorlie lithium province.<\/p>\n\n\n\n

\u201cWe did only list in May 2021, it\u2019s been quite a ride,\u201d Mitchell said of the company\u2019s robust financial position with $27 million in the bank as of June\u2019s end. This ensures the project is fully funded through the final investment decision and beyond.<\/p>\n\n\n\n

\u201cWe are really prudent on our spend given the current market conditions,\u201d he said.<\/p>\n\n\n\n

The Manna project, located approximately 100km east of Kalgoorlie,<\/strong> has shown remarkable progress over two-and-a-half years of drilling, with significantly more geological confidence in the asset.<\/p>\n\n\n\n

The metallurgical testwork predicts lithium recovery rates between 75 per cent and 78 per cent, confirming the project\u2019s viability.<\/p>\n\n\n\n

\u201cIn my 14 years in the lithium sector, I\u2019ve come across a lot of lithium projects, and not a lot are spodumene-dominant,\u201d Mitchell said.<\/p>\n\n\n\n

\u201cIt (Manna) is infrastructure rich, (and) there\u2019s an operating railway line about eight kilometres south of the project site.\u201d<\/p>\n\n\n\n

Global Lithium is working with authorities at the Port of Esperance to utilise the railway line, which offers the Manna project significant logistical advantages, reducing transportation costs and emissions.<\/p>\n\n\n\n

The company is also focused on community and environmental initiatives, working closely with Traditional Owner group, the Kakarra people, to finalise a native title mining agreement.<\/p>\n\n\n\n

The Manna definitive feasibility study (DFS) is nearing completion and expected by the end of the year.<\/p>\n\n\n\n

\u201cThe next six months are going to be crucial for us,\u201d Mitchell said, highlighting the ongoing metallurgical testwork and upcoming announcements regarding the DFS, mineral reserves and project approvals.<\/p>\n\n\n\n

Subscribe to <\/em>Australian Resources & Investment<\/em><\/a> and receive the latest news on commodity prices, resource developments, executive movements and more.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Staff Writer Image: Henri Koskinen\/adobe.stock.come When Global Lithium Resources announced a a 43 per cent resource increase for its Manna lithium deposit in June, it solidified the project as a truly world-class asset. This took Manna\u2019s mineral resource estimate (MRE) to 51.6 million tonnes (Mt) at one per cent lithium oxide, within arm\u2019s reach of Mineral Resources\u2019 … Continue reading “This emerging lithium project trumps Bald Hill for size”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[37,6],"tags":[],"class_list":["post-8807","post","type-post","status-publish","format-standard","hentry","category-clients","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-2i3","jetpack-related-posts":[{"id":8413,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/09\/01\/lithium-drives-historic-financial-results-for-igo\/","url_meta":{"origin":8807,"position":0},"title":"Lithium drives historic financial results for IGO","author":"yinghui","date":"September 1, 2023","format":false,"excerpt":"TIM BOND Greenbushes lithium mine. 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