The Global Lithium Resources Ltd (ASX: GL1) share price is having a solid session.
In morning trade, the ASX All Ords lithium share is up 5% to $1.46.
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Why is this ASX lithium share charging higher?
Investors have been bidding this ASX lithium share higher today after the company released an update on its 100% owned Manna project in Western Australia.
According to the release, Global Lithium has completed the first stage of ore sorting trials at the project. This program is part of the wider scope of work that will progress the definitive feasibility study (DFS) towards completion by December.
The good news is that the ore sorting trials have resulted in a 90% increase in the lithium grade (Li2O) that was reported in the preliminary test work. In addition, there was an impressive 93% reduction in iron (Fe2O3) from the mixed waste and pegmatite sample.
Looking ahead, the company notes that bulk PQ diamond drill core has been collected for the 2023 metallurgical and DFS program. Two large samples will be generated to further test ore sorting technology and to confirm the overall lithium recovery and impurities that can be achieved through a larger representative sample.
Global Lithium's project director, Tony Chamberlain, commented:
The Manna Lithium Project has the distinct advantage of having great visual control between ore, which is predominantly white in colour, and surrounding waste rock which appears dark grey to black. Initial ore sorting results have shown the technology is a perfect fit for Manna with this impressive upgrade in lithium content.
Additional bulk diamond core has been obtained from Manna and further samples are being prepared for larger scale trials. Ore sorting technology will ultimately provide greater operational flexibility within the mining operation and increase head grade to the mill. We look forward to updating the market with further results from these trials as activities continue towards completion of the Manna DFS by December 2023.
