Strategic Acquisition Consolidates a Large-Scale Gold and Base Metal Target Area

Global Lithium Resources Limited (ASX: GL1) has announced the acquisition of seven key tenements near its Marble Bar Gold Project, strategically consolidating a significant gold and base metal target area. This acquisition secures full coverage of a gold-in-soil geochemistry anomaly linked to a highly altered granite formation. Ron Mitchell, Executive Chairman, highlighted the low-risk potential of the Talga Project to expand the company's footprint in the growing region. With favorable market conditions for gold and base metals, Global Lithium is well-positioned to unlock the projects' potential.

The acquisition from Octava Minerals, valued at AU$400,000 (AU$200,000 in cash and AU$200,000 in shares), strengthens its portfolio. The surge in corporate activity, including nearby acquisitions by the Creasy Group and Northern Star, reflects the region's promising prospects. To capitalize on this, Global Lithium is seeking partners and additional funding, including through its application for the Exploration Incentive Scheme, positioning itself for future growth.

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