Global Lithium Resources (GL1) Investor presentation summary

Investment highlights

• Project hosts 51.6Mt @ 1.0% Li₂O resource and 19.4Mt @ 0.91% Li₂O reserve, ranking third largest in Kalgoorlie province.

• Strategic location 100km east of Kalgoorlie with developed infrastructure and low-risk jurisdiction.

• Robust DFS: post-tax NPV8 of $472m, 25.7% IRR, 3.5-year payback, and 14.3-year mine life.

• 70% of production contracted via offtake agreements with Canmax and Lopal; Lopal provides $75m prepayment and 5% equity.

• Experienced board with proven mining project delivery track record.

Project and operational overview

• Manna Project is 100% owned, with FID targeted for December QTR 2026 and first export in June QTR 2028.

• Nameplate production of 236ktpa SC5.5, with average processing recovery of 72.8%.

• Multiple logistics pathways established, including bulk haulage to Port of Esperance.

• Mining lease granted in August 2025; environmental and works approvals advanced.

• Community engagement includes Native Title Mining Agreement and local sponsorships.

Market outlook and financials

• Lithium demand forecast to grow strongly, with $116 billion investment needed to meet high-case demand by 2030.

• DFS assumes US$1,400/t SC6.0 price; current spot price is US$2,500/t, offering significant NPV and IRR upside.

• Project free cashflow estimated at A$1.15B over 14.3-year mine life.

• Funding strategy includes strategic partnerships, debt, and equity.