Global Lithium Resources Limited announced its December 2022 quarterly report

Global Lithium Resources Limited (ASX: GL1) announced its December quarter report:

• The company attains a 148.5% increase in resource base across Western Australian hard-rock lithium projects from 20.4Mt to 50.7Mt @ 1.0% Li2O.
• The Manna Lithium Project’s Mineral Resource was increased by 230% to 32.7Mt @ 1.0% Li2O.
• The Marble Bar Lithium Project’s Mineral Resource was increased by 71% to 18.0Mt @ 1.0% Li2O.
• The company pays AU$60 million cash consideration for the acquisition of 100% interest in the Manna Lithium Project, excluding precious metals rights.
• Global Lithium Resources completed an underwritten institutional placement to raise approximately AU$111.4 million and a non-underwritten SPP for a further approximately AU$10.1 million, for total Equity Raising proceeds of about AU$121.5 million.

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