The lithium junior is currently doing exploration works at their two assets in WA with strong results coming through from the drilling campaigns. The $400m market cap company has shown signs the sites could turn out to be tier 1 assets in a great jurisdiction for resources companies in general, and specifically for lithium given Australia is the world’s largest producer as we mentioned earlier. While first production is not expected until 2025, they are likely on the radar of a number of companies given the location of their resources, though we are yet to see signs a potential takeover bid is in the works.
- MM believes GL1 has world class assets which will see plenty of interest down the track
MM is long and bullish GL1 in the Emerging Companies Portfolio
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