Global Lithium Resources (GL1) Q1 2026 TU earnings summary

Executive summary

• Native Title Mining Agreement signed for Manna Lithium Project, enabling project development and stakeholder benefits.

• Mining Lease granted for Manna Lithium Project, de-risking and accelerating progress toward Final Investment Decision.

• Ongoing optimisation of the Definitive Feasibility Study (DFS) for Manna, targeting reduced CAPEX and OPEX.

• Exploration drilling at Marble Bar Project extended the known mineralised system, with promising gold and base metal results.

• Sale of entire investment in Kairos Minerals Limited, realising $7.1m to be redirected to Manna Lithium Project.

Financial highlights

• Cash position of $21.46m at 30 September 2025, up from $16.04m in the previous quarter.

• Net cash outflow from operating activities was $1.56m for the quarter.

• Proceeds from investment disposal (Kairos Minerals) totaled $7.05m.

• Estimated 13.7 quarters of funding available at current expenditure rates.

Outlook and guidance

• Optimised DFS for Manna Lithium Project expected to be completed in December Quarter 2025.

• Focus remains on progressing Manna Lithium Project and realising value from non-lithium tenements.