What is the story about?
What's Happening?
Global Lithium has been granted a 21-year mining lease for its Manna lithium project in Western Australia. This approval follows a Native Title Mining Agreement with the Kakarra Part B Native Title Group. The lease de-risks the project and accelerates progress towards a final investment decision, expected by the end of 2025. The Manna deposit is poised to become a significant contributor to Australia's critical minerals supply chain.
Why It's Important?
The granting of the mining lease is a significant milestone for Global Lithium, enhancing its position in the critical minerals sector. The project is expected to contribute to Australia's supply of lithium, a key component in battery technology and renewable energy solutions. This development aligns with global efforts to secure sustainable and reliable sources of critical minerals, supporting the transition to a low-carbon economy.
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