Global Lithium Resources (GL1) investor relations material

Project integration and economic highlights

• Integration of Manna mine and Nova processing plant boosts post-tax NPV to A$946M, a 100% increase over the previous DFS, with a post-tax IRR of 120% and payback in 11 months.

• Total pre-production capex reduced to A$180M, 59% lower than the standalone Manna project, with a 13-year mine life and nameplate production of 250ktpa SC5.5.

• All-in sustaining cost is A$1,185/t SC5.5, with a break-even SC6 price of US$870/t and LOM average price assumption of US$1,647/t.

• Capital savings achieved by acquiring Nova’s established infrastructure, enabling early DSO production and accelerating spodumene concentrate output by mid-2027.

• Sensitivity analysis shows robust project economics across key variables, with post-tax NPV remaining strong under various scenarios.

Resource, operations, and logistics

• Manna project holds a 51.6Mt @ 1.0% Li₂O resource and 21Mt @ 0.9% Li₂O reserve, ranking third largest in the Kalgoorlie region.

• Fully permitted for mining, with a 21-year lease and all key approvals secured; mining targeted to start March 2027.

• Open-pit followed by underground mining, with ore trucked 135km to Nova for processing; initial DSO sales provide early cash flow.

• Nova plant features 1.8Mtpa capacity, 26.6MW power, and full site infrastructure; first concentrate production expected July 2027.

• Export logistics leverage the Port of Esperance, with advanced agreements for shipping DSO and concentrate.

Strategic partnerships, funding, and corporate overview

• Strategic offtake agreements in place: Lopal (40%) and Canmax (30%) cover 70% of production, with Lopal providing a US$75M prepayment facility.

• Nova acquisition secured for A$7M, delivering significant capex savings and accelerating production timeline.

• Market capitalisation is approximately A$175M, with c.277.5M shares on issue and A$22M cash as of September 2026.

• Board and management have extensive mining and corporate experience, supporting project execution and stakeholder engagement.

• Active community engagement and indigenous partnerships established in the Goldfields region.