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GL1, GLOBAL LITHIUM RESOURCES LIMITED
nipper
post Posted: May 8 2021, 03:16 PM
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Posts: 9,152
Thanks: 2749


In Reply To: nipper's post @ May 6 2021, 02:42 PM

rebounded on the following day to close above IPO, at 32c

Drill rig on site, less than 10% of prospective spodumene pegmatite has been tested/ drilled, as defined by outcropping geology, soil geochemistry, outcropping pegmatites and proximity to the likely source granite to the south-east.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: May 6 2021, 02:42 PM
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Posts: 9,152
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Global Lithium Resources Limited (GL1) raised $9million at 20c via an IPO, and listed today. It opened at 30c and, after two and a half hours trading, shares are changing hands at 27c

It is a Pilbara focussed, lithium exploration and development company. The Company owns 100% of the Marble Bar Lithium Project (MBLP), a hard-rock lithium project, located 180km south-east of Port Hedland in the Pilbara region of Western Australia - one of the worlds' major hard-rock lithium provinces. The geological setting of the MBLP is similar to that seen at other nearby hard rock lithium projects.


Global Lithium has defined a maiden Inferred Mineral Resource Estimate of 10.5Mt @ 1.0% Li20 at the Archer deposit, confirming the MBLP as a significant new greenfields Lithium discovery. Located within the established Pilbara province, the MBLP has access to world-class infrastructure, with a sealed road running directly through the Project. In addition to its existing resource which remains open in all directions and demonstrates significant growth potential, the company has identified a large prospective area to explore.

globallithium.com.au



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 



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