Global Lithium Resources (GL1) Investor Presentation summary

Corporate overview

• Market capitalization stands at A$68.9 million with A$27 million in cash as of June 30, 2024.

• 260 million shares on issue, with major shareholders including Mineral Resources (10%), Canmax (9.6%), and Sincerity Development (6.9%).

• Board led by Executive Chair Ron Mitchell, supported by experienced directors and management.

• Holds a 10% equity stake in ASX:KA13 valued at A$2.4 million.

Project portfolio and resource base

• Owns 100% of both the Manna and Marble Bar Lithium Projects in Western Australia, a Tier 1 mining jurisdiction.

• Combined JORC-compliant Mineral Resource totals 69.6Mt at 1.0% Li₂O, with Manna at 51.6Mt and Marble Bar at 18Mt.

• Both projects are spodumene-dominant hard rock lithium deposits with strong infrastructure access.

Manna Lithium Project highlights

• Mineral Resource Estimate (MRE) increased by 43% to 51.6Mt at 1.0% Li₂O, making it the second largest in the Kalgoorlie Lithium Province.

• Indicated JORC classification rose 63% to 32.9Mt at 1.04% Li₂O; contained LCE now 1,276 Kt.

• Over 100,000m of drilling completed in 2022–2023, with a 6,000m RC drill program underway to test resource extensions.

• Definitive Feasibility Study (DFS) nearing completion, incorporating updated MRE and advanced metallurgical studies, with results expected in H2 CY24.

• Land access, mining lease, and environmental approvals are well advanced, with Native Title Mining Agreement negotiations close to finalization.