Home Sports Global Lithium Resources (ASX:GL1) receives metallurgical results from Marble Bar, WA –...

Global Lithium Resources (ASX:GL1) receives metallurgical results from Marble Bar, WA – The Market Herald

29
0

Sign up

Be the first with news that moves the market

  • Global Lithium Resources ( GL1 ) has received the second batch of metallurgical test results from its Marble Bar lithium project in Western Australia.
  • All previous flotation tests achieved a lithium oxide content of 5.76 percent with an 85 percent recovery.
  • Magnetic separation tests were also performed to reduce the iron content, yielding 5.92 percent lithium oxide and 0.96 percent iron for a total recovery of 78.66 percent.
  • Managing director Ron Mitchell says the results are “absolutely supportive” of Marble Bar’s prospect of becoming a stand-alone lithium
  • The company’s shares fell 5.12% to $2.78 at 11:51 a.m. EST

Global Lithium Resources ( GL1 ) has received a second batch of metallurgical test results from its Marble Bar lithium project in Western Australia.

Preliminary results of all floating tests are obtained from diamond core samples collected during drilling on the project.

The results include a 5.76 percent lithium oxide (Li2O) spodumene concentrate with a “very high” recovery rate of 85.28 percent in closed-loop flotation.

The company also conducted tests of magnetic separation of flotation concentrate to reduce the content of iron oxide (Fe2O3). The final flotation concentrate assayed 5.92 percent Li2O and 0.96 percent Fe2O3 and a total recovery of 78.66 percent Li2O.

GL1 managing director Ron Mitchell said he was impressed with the test results, which included ratings and recoveries that met industry expectations.

“Achieving 85 percent lithium recovery is definitely something we’re very excited about,” Mr Mitchell said.

“These results, along with the initial results released in August, strongly support the prospect of the Marble Bar lithium project becoming a stand-alone lithium company in the coming years.”

Metallurgical testing continues as the company focuses on optimizing the process flow to enhance the spodumene grade concentrate as well as lithium recovery.

The company’s shares fell 5.12 percent to $2.78 at 11:51 a.m. EST.

https://themarketherald.com.au/global-lithium-resources-asxgl1-gets-metallurgical-results-from-marble-bar-wa-2022-09-16/

Previous articleWallabies veteran Bernard Foley is still bewildered after the controversial Bledisloe Cup finish
Next articleManchester United v Reading: Women’s Super League – Live | Women’s Super League