Interesting drilling results - certainly a system that needs some work done to understand why the anomalous results are occurring. It is the sort of play that a major can spend the time and money exploring for as it may take a number of expensive DD holes to understand the system more fully. Alternatively is may turn out to be nothing in the long run. That is the risk of exploration.
The Next Steps summarise things succinctly "GL1 does consider the Marble Bar gold opportunity to have unrealised value, especially within the high gold price environment, and is currently considering several options to unlock this value." This indicates some sort of farm-down/out deal is being chased to get a bigger balance sheet to do the exploration required. What residual interest GL1 is left with is yet to be understood.
Focus remains on the Manna Lithium Project - and recent SC6 prices have come off bottom a little. Still a long way from incentive price levels to make Manna economic. Pain is still out there in the market.
Interesting discussion today on lithium market price dynamics - worth a read.
https://x.com/drauwsy/status/1946757254700769335
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- Ann: Company Presentation - March 2025
GL1
global lithium resources limited
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Ann: Company Presentation - March 2025, page-4
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Last
19.0¢ |
Change
-0.040(17.4%) |
Mkt cap ! $49.72M |
Open | High | Low | Value | Volume |
23.0¢ | 23.0¢ | 19.0¢ | $288.4K | 1.391M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6465 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 13000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6465 | 0.190 |
6 | 97724 | 0.185 |
3 | 150000 | 0.180 |
1 | 5714 | 0.175 |
3 | 205937 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 13000 | 2 |
0.220 | 14949 | 1 |
0.225 | 25238 | 1 |
0.230 | 52899 | 2 |
0.250 | 129116 | 4 |
Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
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