BUZZ-Australia's Global Lithium Resources rises on spin-off plans for gold assets** Shares of Global Lithium Resources GL1.AX rise as much as 9.9% to A$0.50, their highest level since April 12
** Mining explorer launches IPO process to spin off its Marble Bar gold assets into a new entity, MB Gold Ltd
** Co targeting Q1 2026 to list on Australian Securities Exchange under ticker MBG
** MB Gold to seek to raise a minimum of A$6 million ($3.89 million) at A$0.20 per share
** More than 700,000 shares change hands, vs the 30-day average of 514,742 shares
** Stock has more than doubled in value this year, including the day's move
($1 = 1.5432 Australian dollars)
(Reporting by Shivangi Lahiri in Bengaluru)
((shivangi.lahiri@thomsonreuters.com))
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