Australia’s next lithium producer, Global Lithium Resources Limited (“ASX: GL1”, “Global Lithium” or “the Company”) is pleased to announce the completion of the Manna–Nova Operation Integration Study (“Study”), undertaken following the Company’s 15 July 2026 announcement of a binding agreement to acquire the Nova Operations from IGO Limited (“IGO”).
The Study evaluated an integrated development in which ore mined at the Company’s 100%-owned Manna Lithium Project, 110km east of Kalgoorlie, will be hauled 135km (after upgrade) by road to the Nova processing facility, where it will be treated through a modified 1.8Mtpa flotation plant at Nova.
The Nova plant acquisition removes the requirement to construct a greenfield concentrator and associated infrastructure at the Manna Project, which was the single largest capital item in the DFS announced on 4 December 2025.
Commenting on the Study results, Global Lithium Managing Director, Dr Dianmin Chen, said:
“This Study confirms the assessment we made when we moved on Nova in July. Combining Manna’s lithium resources with existing, commissioned processing infrastructure has changed both the economics and the timeline of this project.”
“Converting an operating plant instead of building one from the ground up brings Manna into production sooner and with materially less capital at risk. Just as importantly, the value uplift here has not come from taking on more risk – it has come from removing it. Less capital deployed, a shorter path to first revenue, and infrastructure that is already built, commissioned and operating.”
“The Ore Reserve has also grown by 8%, with a processing life of 13 years. With FID on track for the December Quarter 2026, GL1 is well positioned to be producing lithium in 2027.”
“I want to thank our team, advisers, consultants and community partners for their continued support as we move towards becoming Australia’s next lithium producer.”
