Global Lithium Resources (GL1) Q4 2025 TU earnings summary

Executive summary

• Focused on advancing the Manna Lithium Project, including DFS progress, NTMA negotiations, and mining lease preparations.

• Completed EIS co-funded drilling at Marble Bar targeting gold and base metals; results pending.

• Continued cost control measures, reducing cash burn and preserving a strong cash position.

• Finalised variation to offtake agreement with Canmax, maintaining long-term partnership.

Financial highlights

• Cash position at 30 June 2025 was $16 million, with listed equity investments of A$7.9 million.

• Net cash outflow from operating activities for the quarter was $1.4 million.

• Exploration expenditure for the quarter totaled approximately $1.2 million.

• Estimated 11.4 quarters of funding available at current cash burn rate.

Outlook and guidance

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

• Ongoing discussions with potential strategic partners for project development.

• Reviewing undervalued non-lithium assets for potential value realisation.