en.Wedoany.com Reported - Global Lithium Resources is shifting its focus from exploration to development, with its Manna Project, located 100 kilometers east of Kalgoorlie in Western Australia, being one of the top three outcropping hard-rock lithium projects in the province. The company has completed a feasibility study and plans to make a Final Investment Decision in Q4 2026. Following the divestment of the secondary Marble Bar project, Global Lithium is now fully focused on the Manna Project and advancing it towards production.
The Manna Project's Mineral Resource Estimate stands at 51.6 million tonnes @ 1% Li, supported by over 110,000 meters of drilling. The Ore Reserve is 19.4 million tonnes @ 0.91% Li2O, with further conversion potential expected as studies progress. The feasibility study completed in December 2025 demonstrates the project's economics: based on a price assumption of US$1,400 per tonne (SC6), the project has a post-tax Net Present Value of US$472 million at an 8% discount rate, free cash flow of US$1.15 billion, nominal spodumene concentrate production of 236,000 tonnes per annum (SC5.5), and a mine life of 14.3 years. Global Lithium's Executive Director, Zhu Liaoliang, stated: "The project plan is for a conventional open pit and underground mining operation. We are targeting a processing rate of approximately 1.8 million tonnes per annum, producing around 236,000 tonnes of spodumene concentrate per year."
Global Lithium recently entered into a binding term sheet with Jiangsu Lopal Tech Group, which includes a US$7.32 million equity investment and a US$75 million (A$104 million) prepayment. The term sheet is accompanied by a long-term offtake agreement covering approximately 40% of production, featuring an early-stage price support mechanism with a floor price of US$1,000 per tonne. The company also sold the Marble Bar Lithium Project, including non-core exploration tenements and lithium mineral rights, to Lopal's wholly-owned subsidiary, Lopal Perth, for US$14.85 million. Zhu Liaoliang said: "The market is becoming more disciplined and quality-focused. Development-ready projects are starting to stand out."
The company has signed a Native Title Mining Agreement with the Kakarra Part B Native Title group and was granted a 21-year mining lease by the Department of Mines, Industry Regulation and Safety in August 2025. The company has submitted environmental approval applications, completed flora and fauna surveys, submitted works approval and native vegetation clearing permit applications, and lodged a Mine Development and Closure Plan. Zhu Liaoliang stated: "As we transition from explorer to developer, and ultimately to producer, our goal is clear: to deliver a long-life, sustainable lithium operation that stands out in the Australian resources sector." Following the Final Investment Decision, the company plans to achieve practical completion in Q1 2028.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
