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2026-11-06
◂ Monitor GL1 ASX

Global Lithium Resources Limited

DFS Unfunded Developer · Lithium · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.9
1D
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1M
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YTD
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1Y
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Upside
Locked: sign in to view
Mkt cap
A$249.7M
EV
A$223.5M
Cash
A$26.2M
Debt
A$0
3 newer ASX announcements not yet reflected in this valuation

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory28 documents
Issuer management page observed 26 September 2026Leadership · MediumExtracted

Undated issuer management page observed at cutoff; publication date is unavailable, so the observation date is used as the ledger date.

Document ID
issuer-20260926-management
Published UTC
2026-09-26T20:59:30.014813Z
Projects
—
Commodities
—
Open original source ↗
Eligible local GL1 closing-price observationMarket Data · HighExtracted

Latest eligible local closing price from repository market database: A$1.005 on 25 September 2026, 2,122,792 shares traded.

Document ID
market-local-20260925
Published UTC
2026-09-25T08:00:00Z
Projects
—
Commodities
—
Open original source ↗
Nova Acquisition now unconditional following ACCC waiverTransaction · HighPartial

Issuer says ACCC notification waiver removes final condition precedent to Nova acquisition; completion remains to occur after IGO cessation.

Document ID
asx-20260923-nova-waiver
Published UTC
2026-09-23T00:41:00Z
Projects
nova-operation · manna
Commodities
lithium
Open original source ↗
Global Lithium enters into binding Scheme Implementation Deed with TitanTransaction · HighExtracted

Binding A$1.15/share all-cash scheme, conditional on shareholder, court and regulatory approvals and independent expert; Titan group provides up to A$120m development bridge.

Document ID
asx-20260922-titan-sid
Published UTC
2026-09-22T01:18:00Z
Projects
manna
Commodities
lithium
Open original source ↗
Manna-Nova Integration Study increases post-tax NPV by 100%Study · HighPartial

Issuer Manna-Nova study reports A$945.7m post-tax NPV8, A$180.1m pre-production funding, 20.96Mt probable reserve, and May 2027 first DSO target. Study PDF was accessible as a release but long-form extraction remained partial.

Document ID
asx-20260916-manna-nova-study
Published UTC
2026-09-16T00:59:00Z
Projects
manna · nova-operation
Commodities
lithium
Open original source ↗
Manna Clearing Permit and Groundwater Licence securedPermitting · HighExtracted

NVCP effective with no appeals; groundwater technical support covers current operating plan; works approval remained outstanding.

Document ID
asx-20260820-manna-permits
Published UTC
2026-08-20T00:59:00Z
Projects
manna
Commodities
lithium
Open original source ↗
Manna Lithium Project MDCP now approvedPermitting · HighExtracted

Manna Mining Development and Closure Proposal approved by Western Australian regulator; FID still targeted in December quarter.

Document ID
asx-20260804-mdcp
Published UTC
2026-08-04T00:21:00Z
Projects
manna
Commodities
lithium
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted

June 2026 quarterly reported A$26.231 million cash, 25.47 quarters of runway, Lopal funding terms, pending Manna permits and the Marble Bar sale agreement.

Document ID
asx-20260731-quarterly
Published UTC
2026-07-30T23:23:24Z
Projects
manna · marble-bar-lithium
Commodities
lithium
Open original source ↗
Investor Presentation - July 2026Presentation · HighExtracted

Investor presentation set out the accelerated Manna-Nova pathway, approximate dilution, funding bridge and near-term milestones.

Document ID
asx-20260728-investor-presentation
Published UTC
2026-07-27T22:47:39Z
Projects
manna · nova-operation · marble-bar-lithium
Commodities
lithium
Open original source ↗
Application for quotation of securities - GL1Financing · HighExtracted

Appendix 2A confirmed 67,605 shares issued on exercise of employee performance rights and 277,494,839 ordinary shares after quotation.

Document ID
asx-20260717-share-quotation
Published UTC
2026-07-17T06:47:19Z
Projects
—
Commodities
—
Open original source ↗
Proposed issue of securities - GL1Financing · HighExtracted

Appendix 3B proposed up to 13,333,333 GL1 shares as Nova acquisition consideration; the shares were not yet issued.

Document ID
asx-20260715-proposed-issue
Published UTC
2026-07-15T02:56:10Z
Projects
nova-operation
Commodities
—
Open original source ↗
GL1 to acquire Nova OperationTransaction · HighExtracted

Binding A$7 million Nova acquisition would add a 1.8 Mtpa concentrator and infrastructure; completion remains conditional and GL1 assumes rehabilitation liabilities.

Document ID
asx-20260715-nova-acquisition
Published UTC
2026-07-15T02:56:00Z
Projects
manna · nova-operation
Commodities
lithium
Open original source ↗
Appointment of CFO and Change of Company SecretaryLeadership · MediumExtracted

Issuer announced Brian Thorpe as CFO effective 15 August 2026 and Emma Wates as company secretary effective 3 July, following Daniel Coletta resignation.

Document ID
asx-20260703-leadership
Published UTC
2026-07-03T00:32:00Z
Projects
—
Commodities
—
Open original source ↗
Application for quotation of securities - GL1Financing · MediumExtracted

Appendix 2A confirmed 625,000 shares issued on exercise of performance rights and 277,427,234 ordinary shares after quotation.

Document ID
asx-20260701-share-quotation
Published UTC
2026-07-01T08:06:56Z
Projects
—
Commodities
—
Open original source ↗
Application for quotation of securities - GL1Financing · HighExtracted

Appendix 2A confirmed issue of 13,840,111 placement shares at A$0.52875 and 276,802,234 ordinary shares after quotation.

Document ID
asx-20260528-share-quotation
Published UTC
2026-05-28T09:16:20Z
Projects
—
Commodities
—
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted

March 2026 quarterly reported permitting applications, A$19.8 million cash and completion of the MB Gold spin-out.

Document ID
asx-20260424-quarterly
Published UTC
2026-04-23T23:24:36Z
Projects
manna · marble-bar-lithium · talga-gold
Commodities
lithium · gold · copper
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted

December 2025 quarterly reiterated DFS outcomes, reported A$19.855 million available cash and launched the MB Gold spin-out.

Document ID
asx-20260123-quarterly
Published UTC
2026-01-23T07:22:47Z
Projects
manna · marble-bar-lithium · talga-gold
Commodities
lithium · gold · copper
Open original source ↗
Manna Lithium Project Robust DFS ResultsStudy · HighExtracted

Optimised Manna DFS reported a 14.3-year greenfield project with A$472.4 million post-tax NPV8, 25.7% IRR and A$439.1 million initial capex.

Document ID
asx-20251204-manna-dfs
Published UTC
2025-12-03T22:34:31Z
Projects
manna
Commodities
lithium
Open original source ↗
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted

September 2025 quarterly reported the Manna mining lease, Native Title agreement and A$21 million cash.

Document ID
asx-20251030-quarterly
Published UTC
2025-10-29T22:40:38Z
Projects
manna · marble-bar-lithium · talga-gold
Commodities
lithium · gold · copper
Open original source ↗
Annual Report to shareholdersResults · HighExtracted

FY2025 annual report provided audited cash, issued capital, option and performance-right balances and project status.

Document ID
asx-20251029-annual-report
Published UTC
2025-10-29T07:18:02Z
Projects
manna · marble-bar-lithium · talga-gold
Commodities
lithium · gold · copper
Open original source ↗
Takeovers Panel Releases Reasons for DecisionGovernance · MediumExtracted

The Takeovers Panel review declined to conduct proceedings and the issuer described the resulting board composition.

Document ID
asx-20250328-takeovers-panel
Published UTC
2025-03-28T06:57:29Z
Projects
manna
Commodities
lithium
Open original source ↗
Half Yearly Report and AccountsResults · MediumExtracted

Half-year accounts recorded A$18.9 million cash and the temporary pause of several DFS components during the lithium downturn.

Document ID
asx-20250306-half-year
Published UTC
2025-03-06T08:15:37Z
Projects
manna · marble-bar-lithium · talga-gold
Commodities
lithium · gold · copper
Open original source ↗
Completion of Talga Project AcquisitionTransaction · MediumExtracted

Talga acquisition completed for cash and 1,144,237 GL1 shares.

Document ID
asx-20241231-talga-completion
Published UTC
2024-12-30T22:50:22Z
Projects
talga-gold
Commodities
gold · copper
Open original source ↗
Supplementary Announcement - Acquisition Talga ProjectTransaction · LowExtracted

Supplementary disclosure provided context and caution around historical Talga exploration results.

Document ID
asx-20241205-talga-supplement
Published UTC
2024-12-05T07:53:37Z
Projects
talga-gold
Commodities
gold · silver
Open original source ↗
Acquisition Consolidates Large Gold and Base Metal TargetTransaction · MediumExtracted

GL1 announced acquisition terms for the Talga gold and base-metal exploration project.

Document ID
asx-20241204-talga-acquisition
Published UTC
2024-12-03T22:56:33Z
Projects
talga-gold
Commodities
gold · copper · silver · lead · zinc
Open original source ↗
Manna DFS Metallurgical Testwork Program CompletedStudy · HighExtracted

Completed DFS testwork locked the flowsheet and achieved 78% lithia recovery in direct-feed testing.

Document ID
asx-20240830-manna-metallurgy
Published UTC
2024-08-29T23:48:12Z
Projects
manna
Commodities
lithium
Open original source ↗
43% Increase in Manna Lithium Deposit Mineral ResourceResource Update · HighExtracted

JORC Manna resource update increased the deposit to 51.6 Mt at 1.00% Li2O, including 32.9 Mt Indicated.

Document ID
asx-20240612-manna-resource
Published UTC
2024-06-11T22:34:19Z
Projects
manna
Commodities
lithium
Open original source ↗
Manna DFS and Metallurgical Test Work UpdateStudy · MediumExtracted

Early DFS metallurgical update selected whole-of-ore flotation and reported initial recovery outcomes.

Document ID
asx-20231116-manna-testwork
Published UTC
2023-11-15T22:40:25Z
Projects
manna
Commodities
lithium
Open original source ↗
Evidence facts91
june2026-cashCash and cash equivalents

26231000 AUD

2026-06-30
june2026-security-depositSecurity deposit included in cash

251000 AUD

2026-06-30
june2026-runwayEstimated quarters of funding

25.47 quarters

2026-06-30
lopal-placement-proceedsLopal placement gross proceeds

7317959 AUD

2026-05-28
marble-sale-completionMarble Bar sale completion payment

11850000 AUD

2026-07-31
marble-sale-contingentMarble Bar contingent mining-lease payment

3000000 AUD

2026-07-31
manna-nvcp-pendingNative Vegetation Clearing Permit pending

True None

2026-07-31
manna-mdcp-pendingMining Development and Closure Proposal pending

True None

2026-07-31
presentation-sharesApproximate shares on issue

277500000 shares

2026-07-27
presentation-dilutive-securitiesApproximate options and performance rights

6500000 securities

2026-07-27
presentation-manna-resource-headlineManna resource stated on section divider

36.0 Mt

2026-07-28
presentation-manna-resource-tableManna resource stated in detailed investment summary

51.6 Mt

2026-07-28
manna-offtake-contractedManna production contracted

70 %

2026-07-28
manna-lopal-prepaymentMaximum Lopal offtake prepayment

75000000 USD

2026-07-28
manna-fid-targetFID targeted in December quarter 2026

True None

2026-07-28
manna-dso-targetDSO production targeted March quarter 2027

True None

2026-07-28
manna-sc-targetSpodumene concentrate production targeted mid-2027

True None

2026-07-28
july16-rights-sharesShares issued on employee performance rights

67605 shares

2026-07-16
current-ordinary-sharesOrdinary shares after quotation

277494839 shares

2026-07-16
current-options-exactUnquoted options expiring 30 June 2028

605050 options

2026-07-16
nova-proposed-sharesMaximum proposed Nova consideration shares

13333333 shares

2026-07-15
nova-total-considerationNova total consideration

7000000 AUD

2026-07-15
nova-cash-considerationNova cash consideration

5000000 AUD

2026-07-15
nova-share-considerationNova scrip consideration

2000000 AUD

2026-07-15
nova-max-sharesMaximum Nova consideration shares

13333333 shares

2026-07-15
nova-concentrator-capacityNova commissioned concentrator capacity

1.8 Mtpa

2026-07-15
nova-rehab-liabilityGL1 assumes Nova rehabilitation liabilities from completion

True None

2026-07-15
july1-rights-sharesShares issued on performance rights

625000 shares

2026-07-01
shares-after-july1Ordinary shares after quotation

277427234 shares

2026-07-01
lopal-placement-sharesLopal placement shares issued

13840111 shares

2026-05-28
lopal-placement-priceLopal placement issue price

0.52875 AUD/share

2026-05-28
shares-after-lopalOrdinary shares after quotation

276802234 shares

2026-05-28
mar2026-cashCash position

19830000 AUD

2026-03-31
manna-nvcp-lodgedNative Vegetation Clearing Permit lodged

True None

2026-02-10
manna-mdcp-lodgedMining Development and Closure Proposal lodged

True None

2026-03-03
talga-spinout-completedGold asset spin-out into MB Gold completed

True None

2026-02-06
dec2025-cashCash excluding MB Gold IPO trust funds

19855000 AUD

2025-12-31
dfs-post-tax-npv8Post-tax NPV8

472400000 AUD

2025-12-04
dfs-post-tax-irrPost-tax IRR

25.7 %

2025-12-04
dfs-capexPre-production capital expenditure

439074133 AUD

2025-12-04
dfs-study-priceSC6.0 CIF price assumption

1400 USD/t

2025-12-04
dfs-fxAUD:USD exchange rate assumption

0.67 USD per AUD

2025-12-04
dfs-mine-lifeLife of mine

14.3 years

2025-12-04
dfs-productionNominal annual SC5.5 production

236470 dry tonnes/year

2025-12-04
dfs-lom-productionLOM SC5.5 production

2763000 dry tonnes

2025-12-04
dfs-recoveryLOM processing recovery

72.8 %

2025-12-04
dfs-aiscLOM AISC excluding sea freight and insurance

1101 AUD/t SC5.5

2025-12-04
dfs-reserveManna combined Ore Reserve

19.4 Mt

2025-12-04
dfs-breakevenSC6.0 EBITDA breakeven price

784 USD/t

2025-12-04
manna-mining-leaseManna Mining Lease M28/414 granted

True None

2025-08-25
sep2025-cashCash position

21000000 AUD

2025-09-30
fy2025-cashCash and cash equivalents

16041880 AUD

2025-06-30
fy2025-sharesOrdinary shares on issue

261732123 shares

2025-06-30
fy2025-optionsOptions on issue

605050 options

2025-06-30
fy2025-performance-rightsPerformance rights on issue

737574 rights

2025-06-30
half-year-cashCash and cash equivalents

18912186 AUD

2024-12-31
half-year-dfs-pauseSeveral Manna DFS components paused

True None

2024-12-31
talga-shares-issuedShares issued for Talga acquisition

1144237 shares

2024-12-31
talga-considerationTalga acquisition consideration

400000 AUD

2024-12-04
manna-testwork-recoveryLocked-cycle direct-feed lithia recovery

78.0 %

2024-08-30
manna-testwork-concentrate-gradeDirect-feed concentrate grade

5.67 % Li2O

2024-08-30
manna-resource-totalManna total Mineral Resource

51.6 Mt

2024-06-12
manna-resource-total-gradeManna total Mineral Resource grade

1.0 % Li2O

2024-06-12
manna-resource-indicatedManna Indicated Mineral Resource

32.9 Mt

2024-06-12
manna-resource-inferredManna Inferred Mineral Resource

18.7 Mt

2024-06-12
marble-resource-totalMarble Bar total Mineral Resource

18.0 Mt

2024-06-12
manna-2023-initial-recoveryInitial overall lithia recovery

70 %

2023-11-16
thorpe-cfoBrian Thorpe CFO start

2026-08-15 date

2026-08-15
wates-secretaryEmma Wates company secretary start

2026-07-03 date

2026-07-03
mdcp-approvedManna MDCP approved

2026-08-04 date

2026-08-04
nvcp-grantNative Vegetation Clearing Permit effective

2026-08-20 date

2026-08-20
nvcp-areaMaximum vegetation clearing

875 hectares

2026-08-20
nvcp-expiryNVCP expiry

2031-08-19 date

2026-08-20
nova-study-npvManna-Nova post-tax NPV8

945700000 AUD

2026-09-16
nova-study-capexPre-production funding requirement

180100000 AUD

2026-09-16
nova-study-reserveProbable Ore Reserve

20.96 Mt

2026-09-16
nova-study-dsoFirst DSO shipment target

2027-05 month

2026-09-16
titan-offer-priceTitan scheme cash consideration

1.15 AUD/share

2026-09-22
titan-ordinary-sharesOrdinary shares on issue

277494839 shares

2026-09-22
titan-optionsOptions on issue

605050 options

2026-09-22
titan-rightsPerformance rights on issue

8737920 rights

2026-09-22
titan-proposed-rightsDirector rights proposed

2550000 rights

2026-09-22
titan-bridge-limitTitan development bridge maximum

120000000 AUD

2026-09-22
titan-interestTitan bridge interest rate

7 % per annum

2026-09-22
titan-meetingScheme meeting guided

2026-12 month

2026-09-22
scheme-year-proseScheme implementation indicated timing

2026-01 month

2026-09-22
scheme-year-timetableScheme implementation indicated timing

2027-01 month

2026-09-22
nova-unconditionalNova acquisition condition status

unconditional status

2026-09-23
current-management-namesNamed management

Dianmin Chen; Liaoliang Leon Zhu; Logan Barber; Wei Xie; Kim Petrich; Guy Simpson; Nicole Stein; Phoebe Yan names

2026-09-26
price-20260925GL1 ordinary-share close

1.005 AUD/share

2026-09-25
volume-20260925GL1 session volume

2122792 shares

2026-09-25
Conflicts requiring judgment2
  • projects.manna.resources.total.quantity

    The detailed presentation tables and the primary 12 June 2024 JORC release support 51.6 Mt; the 36.0 Mt section-divider figure is superseded legacy text.

  • scheme implementation target year

    Announcement prose says mid January 2026, an impossible past date. The same announcement timetable gives January 2027 and the late December 2026 shareholder meeting; use January 2027 as intended timing.