Global Lithium Resources (ASX:GL1) has signed a non-binding memorandum of understanding with Southern Ports Authority to progress export arrangements for spodumene concentrate from its flagship Manna Lithium Project near Kalgoorlie.
The agreement establishes a framework to assess commercial and technical options for exporting up to 240,000 tonnes per year through the Port of Esperance, including the use of existing port infrastructure, in-loading by truck, temporary undercover storage and vessel loading at Berth 3.
The MOU follows the release of the project's definitive feasibility study, which confirmed the Manna Project’s robust economics and long-life potential.
GL1 Managing Director Dr Dianmin Chen said the agreement was an important step in securing efficient and reliable logistics as the company advances toward a final investment decision on the project next year.
At the time of reporting, Global Lithium Resources' share price was $0.54.