GLOBAL LITHIUM RESOURCES LIMITED — Investor Presentation 2021

Nov 2, 2021

GROWING PILBARA-FOCUSED LITHIUM EXPLORER Invest or Present a t ion N ovember 2021

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ASX: GL1
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Important notice & disclaimer

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Important Notice and Disclaimer

• These presentation materials and the accompanying verbal presentation (together, the Presentation Materials ) have been prepared by Global Lithium Resources Limited ( Global Lithium or Company ). By receiving the Presentation Materials, you acknowledge and represent to the Company that you have read, understood and accepted the terms of this disclaimer.

• You must read this important notice before you attempt to access the Presentation Materials. The information on this page is not part of the Presentation Materials. If you do not understand it, you should consult your professional adviser without delay.

NOT AN OFFER

• These Presentation Materials are for information purposes only. The Presentation Materials do not comprise a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission) or any other law.

• The Presentation Materials also do not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities nor shall they or any part of them form the basis of or be relied upon in connection therewith or act as any inducement to enter into any contract or commitment with respect to securities. In particular, these Presentation Materials do not constitute an offer to sell or a solicitation to buy, securities in the United States of America.

• NOT INVESTMENT ADVICE

• The Presentation Materials are not investment or financial product advice (nor tax, accounting or legal advice) and are not intended to be used for the basis of making an investment decision. Recipients should obtain their own advice before making any investment decision.

SUMMARY INFORMATION

• The Presentation Materials do not purport to be all inclusive or to contain all information about the Company or any of the assets, current or future, of the Company.

• The Presentation Materials contain summary information about the Company and its activities which is current as at the date of the Presentation Materials. The information in the Presentation Materials is of a general nature and does not purport to contain all the information which a prospective investor may require in evaluating a possible investment in the Company or that would be required in a prospectus or product disclosure statement or other offering document prepared in accordance with the requirements of Australian law or the laws of any other jurisdiction, including the United States of America.

• The Company does not undertake to provide any additional or updated information whether as a result of new information, future events or results or otherwise.

FORWARD LOOKING STATEMENTS

• Certain statements contained in the Presentation Materials, including information as to the future financial or operating performance of the Company and its business operations, are forward looking statements. Such forward looking statements:

• are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies;

• involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements; and

• may include, among other things, statements regarding estimates and assumptions in respect of prices, costs, results and capital expenditure, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions.

• The Company disclaims any intent or obligation to publicly update any forward-looking statements, whether as a result of new information, future events or results or otherwise.

• The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward looking statements.

• All forward looking statements contained in the Presentation Materials are qualified by the foregoing cautionary statements. Recipients are cautioned that forward looking statements are not guarantees of future performance and accordingly recipients are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein.

NO LIABILITY

• The Company has prepared the Presentation Materials based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information, opinions and conclusions contained in the Presentation Materials. To the maximum extent permitted by law, the Company, its related bodies corporate (as that term is defined in the Corporations Act 2001 (Cth) ( Corporations Act )) and the officers, directors, employees, advisers and agents of those entities do not accept any responsibility or liability including, without limitation, any liability arising from fault or negligence on the part of any person, for any loss arising from the use of the Presentation Materials or its contents or otherwise arising in connection with it.

COMPLIANCE STATEMENTS

• The Company confirms that it is not aware of any new information or data that materially affects the information in the relevant market announcements, and that the form and context in which the Competent Persons findings are presented have not been materially modified from the original announcements.

• Where the Company refers to Mineral Resources in this announcement (referencing previous releases made to the ASX), it confirms that it is not aware of any new information or data that materially affects the information included in that announcement and all material assumptions and technical parameters underpinning the Mineral Resource estimate with that announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons findings are presented have not materially changed from the original announcement.

• Information on historical exploration results and Mineral Resources presented in this Announcement, together with JORC Table 1 information, is contained in the Independent Geologists Report within the Company’s Prospectus dated 22 March 2021, which was released as an announcement on 4 May 2021.

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Introduction

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• Focused on growing the Marble Bar Lithium Project ( MBLP )

• Located in the infrastructure rich Pilbara, excellent access to services

• Similar geological setting as nearby Pilgangoora[1] & Wodgina[2] deposits

• Archer Deposit ( Archer ) is a new discovery containing an Inferred Mineral Resource of 10.5Mt @ 1.0% Li2O

• Large prospective area: lithium mineralisation confirmed >6km strike

• Step-change transaction with Yibin Tianyi becoming a cornerstone shareholder as part of a $13.6m capital raising[3]

• Lithium chemical arm of CATL – the world’s largest EV battery producer

• Active exploration programs – ongoing news flow

• RC Program underway at MBLP and Twin Veins

• Diamond core studies underway

• Sector & ESG momentum driving prices

• Lithium market surging – spodumene concentrate prices up +500% to date CY2021[4]

• Well funded with approx. $20.9 million in cash post completion of the raising[5] to drive exploration targeting and drilling

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1. Owned by Pilbara Minerals (ASX: PLS).

2. Owned by the MARBL JV, 60% Albemarle, 40% Mineral Resources (ASX: MIN).

3. Refer ASX release titled “$13.6m raising – Yibin Tianyi Cornerstone Shareholder”, dated 1 November 2021.

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1. S&P Global Platts Metals Daily reports 6% Spodumene concentrate FOB Port Hedland at US$2,564/t on 29 October 2021.

2. Includes cash of $7.3m at 30 Sep 21. Before costs and subject to shareholder approval

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Step-change transaction + capital raising[1]

• Introduction of Yibin Tianyi as a 9.9% cornerstone shareholder

• Yibin Tianyi is a significant lithium hydroxide producer and is owned by Suzhou TA&A Ultra Clean Technology (68%) and CATL – the worlds largest EV battery producer (25%)

• $13.6m capital raising via a two-tranche placement at $0.37 per share:

• Tranche 1 - $7.3m via 19.8m shares under GL1’s existing 15% capacity

• Tranche 2 - $6.2m via 16.7m shares to Yibin Tianyi and $0.15m via 0.4m shares to Directors, subject to shareholder approval

• Proceeds of the raising to be used to accelerate exploration at the MBLP + consider complimentary growth opportunities

• Argonaut and Euroz Hartleys acted as Joint Lead Manager

Pro forma ca ital structure and cash p

	Shares (m) Cash (A$m)
	As at 30 Sep(unaudited) 131.8 7.3 Tranche 1 Placement 19.8 7.3
	Tranche 2 Placement 17.1 6.3
	Total post T2(before costs) 168.7 20.9

Indicative timetable

Raising announced 1 Nov 21 Settlement of Tranche 1 8 Nov 21 Shareholder meeting to Mid-Dec 21 approve Tranche 2

4 1. Refer ASX release titled “$13.6m raising – Yibin Tianyi Cornerstone Shareholder”, dated 1 November 2021.

Who we are

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Global Lithium at a Glance

• Lithium focused

• Established operational history prior to listing on ASX in May 2021

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Total Volume Traded Closing Price
Daily Traded Volume (m)
GL1 Share Price (A$/share)
6-May-21 13-May-21 20-May-21 27-May-21 3-Jun-21 10-Jun-21 18-Jun-21 25-Jun-21 2-Jul-21 9-Jul-21 16-Jul-21 23-Jul-21 30-Jul-21 6-Aug-21 13-Aug-21 20-Aug-21 27-Aug-21 3-Sep-21 10-Sep-21 17-Sep-21 24-Sep-21 1-Oct-21 8-Oct-21 15-Oct-21 22-Oct-21 29-Oct-21
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Corporate Structure

(subject to completion of the capital raising)

Share price (as at 1 Nov 2021) $0.65 Shares 131.8m Market Cap. (undiluted) $85.7m Cash $7.3m (30 September 2021) Options (May 2025, 30c strike) 4.8m Performance Rights 5.0m

Shareholder makeup (subject to completion of the capital raising)

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Board of Directors

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Jamie Wright Warrick Hazeldine Dr Dianmin Chen Managing Director Non-Exec Chair Non-Exec Director

Management

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Kevin Hart Joanne Day CFO & Co Sec Administration Manager

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Kim Petrich Bryan Bourke Dr Jayson Meyers Exploration Management Ian Shackleton Accountant Manager

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Sustainability

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v v v ENVIRONMENT SOCIAL GOVERNANCE Commitment to minimise Engage local suppliers ground disturbance, and recognition of Traditional Owners

Commitment to minimise ground disturbance, emissions and water usage

Integrate best practice social standards and environmental into corporate governance principles

• Consultation and discussions with traditional owners, including regarding protection measures for the Two Sisters hills

• Regulatory compliance as a minimum

• Board committed to establishing GL1 as a reputable, modern exploration and development company with strong ESG principles

• Rehabilitation of activities

• Sticking within defined boundaries

• Use of local businesses: civil, accommodation, media, services and meals

• Investigating our carbon footprint

• Regular engagement with the community, including update sessions

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Marble Bar Lithium Project (MBLP)

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Geology
Prospective Archer
Area
Deposit
Archer
Deposit
Significant
Upside
Lithium in
drilling 15km
from Archer
Infrastructure
Rich
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• Emerging hard rock lithium discovery

• Spodumene bearing pegmatite hosted in greenstone and granite contact

• Focus to date - discovering and exploring the Archer Deposit

• Now starting step out exploration

• More than 25km greenstone strike in highly prospective area

• Lithium mineralisation in drilling identified over 15km apart

• <10% of prospective area drilled

• Tier 1 jurisdiction

• Sealed road through tenement area

• 150km south east of Port Hedland

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Building momentum into CY2022

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CYQ4 CYQ1 CYQ2 2021 2022 2022 Programs completed • RC program – assays ✓ • ✓ Diamond program • First acquisition ✓

• First acquisition

Programs underway

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• Preliminary metallurgical testwork

• RC Drilling Program

• Assays – lithium and gold

Milestones to come

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• Potential Mineral Resource update

• CY2022 drilling program

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Figure: CY4Q Exploration Program 2021 RC drilling campaign underway Note: The timetable and exploration program is indicative and subject to change.

World-class location, logistics & infrastructure

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Easy Road Access
Port Hedland Town of
<2hrs <15mins
(export point) Marble Bar
Lithium projects nearby Borefield
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EV’s are now a global mega trend

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• Exponential EV[1] take-up driven by policy and consumer sentiment

• Global car companies are responding

• BMW Group Q3 sales of ‘plug in’ cars up 41% year on year – now 13% of total![2]

• Lithium is a key raw material for batteries - consequently prices are responding

• Spodumene concentrate prices now US$2,564/t FOB Australia[3 ] up +500% since the start of the year

• Having an uncommitted spodumene Mineral Resource is a strategic place to be

1. EV = Electric Vehicle

2. Source: https://insideevs.com/news/539156/bmw-group-plugin-sales-2021q3/

An insight on how rapidly the transition is taking place: BMW Group[2]

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3. Source: S&P Global Platts Metals Daily 29 October 2021

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Global Lithium: growing Pilbara lithium explorer

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Valuable position Maiden 10.5Mt @
Access to
in Tier-1 Pilbara 1.0% Li O Inferred
2 world-class
lithium province Mineral Resource
infrastructure
with clear growth
potential
Strong pipeline of
Resource Growth
news flow expected
and Exploration
over next 12-18
programs Strong team
months
continuing driven by ESG
fundamentals
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APPENDICES

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The Archer Deposit

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Geology
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Excellent intercepts Independent Mineral Resource[2]

• Multiple spodumene bearing pegmatites at surface

• Swarm appears to extend more than 6km along strike – remains open

• Opportunity to grow – previous drilling highly prospective – 16m @ 1.4% Li2O from 37m (MBRC0077)

• – 14m @ 1.5% Li2O from 64m (MBRC0114)

• – 19m @ 1.2% Li2O from 22m (MBRC0041)

• – 15m @ 1.3% Li2O from 30m (MBRC0035)

Mineral Material Li O SnO Ta O Fe O Resource[1] 2 2 2 5 2 3 (Mt) (%) (ppm) (ppm) (%) Category Inferred 10.5 1.0 49 53 1.2%

• Growth underway – results not in the Mineral Resource[3] – 28m @ 1.51% Li2O from 69m (MBRC0135) (not true width) – 9m @ 1.11% Li2O from 108m (MBRC0135) (not true width) – 8m @ 1.47% Li2O from 61m (MBRC0128)

• – 7m @ 1.24% Li2O from 30m (MBRC0136)

• Cut-off grade of 0.6% Li2O

14 2. Mineral Resource Estimate, dated June 2020, prepared by IHC Robbins and contained in the Independent Technical Assessment Report included in the prospectus lodged with ASX on 4 May 2021 3. Refer ASX release titled “Assays confirm lithium mineralisation extends over 6km”, 28 July

The Archer Deposit – 2021 program is demonstrating the potential

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• Recent RC drilling program[1] has delivered excellent results, confirming potential for Archer to extend along strike and at depth

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15 1. Refer ASX release titled “Assays confirm lithium mineralisation extends over 6km”, 28 July 2021.

[1]

The MBLP is emerging as a large system

Potential to extend to the north

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Archer Deposit
Potential to extend
to the south
TWO SISTERS
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• Recent program confirms lithium mineralisation >6km strike

• Large prospective area to explore

• Archer Deposit remains a core focus

• Exploration outside Archer has been limited

• Much of the area is covered by a thin layer of sediment

• Opportunity to systematically explore for further discoveries

• Strong potential for MBLP to be a large and fertile system

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16 1. Refer ASX release titled “Assays confirm lithium mineralisation extends over 6km”, 28 July 2021.

CY4Q Exploration Program[1]

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Archer Deposit
Partly
reviewed
Initial
area
reviewed
for
targeting
Partly
reviewed
TWO SISTERS
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• CY4Q Exploration Program underway, including ~10,000m RC drilling

• Focusing on areas outside of Archer

• Targeting exercise has identified more than 100 pegmatite trends so far:

• Drone photography

• Geochemical interpretation

• Desktop geology/structural interpretation

• Soil survey and reconnaissance mapping on southern tenements

Innovative use of drone photography

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1. Refer ASX release titled “10,000m RC Drilling Campaign Commenced to Test Highly Prospective Lithium Targets”, 22 September 2021

Emerging gold potential[1]

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• Multiple gold targets to the north of the MBLP

• Twin Veins prospect is emerging an exciting opportunity for discovery:

• 1km long soils and rock chips anomaly

• Quartz veining at surface

• Recent drilling returned:

• 12m @ 2.95g/t from 37m (MBRC0157)

• CY4Q Program has included RC drilling to follow up on this intersection

Global Lithium’s Gold Prospects

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1. Refer ASX release titled “12m @ 2.95g/t Gold Intercepted at Twin Veins Prospect”, 4 August 2021

CONTACT US

Jamie Wright Victoria Humphries Global Lithium MD Media and Investor Relations +61 8 6103 7488 +61 (0) 431 151 676 info@globallithium.com.au victoria@nwrcommunications.com.au

ASX: GL1 https://au.linkedin.com/company/ global-lithium-resources

@Global_Lithium

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