GLOBAL LITHIUM RESOURCES LIMITED — Investor Presentation 2021

Jul 20, 2021

GROWING LITHIUM EXPLORER Vertical Events’ Resources Roadhouse Presentation 2 1 J u l y 2 0 2 1

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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 released a prospectus dated 22 March 2021 ( Prospectus ) for an initial public offer of fully paid ordinary shares in the capital of the Company ( Shares ), a copy of which can be accessed from the Company’s website at www.globallithiumresources.com.au.

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

• 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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• Focussed 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 with clear opportunities for potential extensions

• Exploration program underway – ongoing news flow

• RC Drilling Program – assays pending

• Diamond core collected for studies, including preliminary metallurgical testwork

• Sector & ESG momentum driving prices

• Exponential take up of EV’s causing supply shortages in lithium

• Lithium market surging – spodumene concentrate prices up ~100% to date CY2021[3]

• Well funded, with $8.6m in cash at 30 June 2021

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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. S&P Global Platts Metals Daily reports 6% Spodumene concentrate FOB Port Hedland at US$850/t on 16 July 2021 compared with US$400-430/t in January 2021.

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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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0.4 8.0
0.35 7.0
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0.25 5.0
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0.15 3.0
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0 0.0
Total Volume Traded Closing Price
Daily Traded Volume (m)
GL1 Share Price (A$/share)
6-May-21 10-May-21 12-May-21 14-May-21 18-May-21 20-May-21 24-May-21 26-May-21 28-May-21 1-Jun-21 3-Jun-21 7-Jun-21 9-Jun-21 11-Jun-21 16-Jun-21 18-Jun-21 22-Jun-21 24-Jun-21 28-Jun-21 30-Jun-21 2-Jul-21 6-Jul-21 8-Jul-21 12-Jul-21 14-Jul-21 16-Jul-21 20-Jul-21
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Corporate Structure

Share price $0.265 (as at 20 July 2021) Shares 131.8m Market Cap. $35m (undiluted) Cash $8.6m (30 June 2021) O tions 4.8m p (May 2025, 30c strike) Performance Ri hts 5.0m g Shareholder makeup

Institutions & Corporate Investors (approx), 13%

Yongfang Guo, 12%

Other, 57%

Goldenstar Energy, 11% Directors & management, 7%

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Board of Directors

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Jamie Wright Warrick Hazeldine Managing Director Non-Exec Chair

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Dr Dianmin Chen Non-Exec Director

Management

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Kevin Hart Joanne Day CFO & Co Sec Administration Manager

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Kim Petrich

Management Accountant

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Dr Jayson Meyers

Ian Shackleton Resource Resource Potentials Potentials

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Sustainability

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Strong ESG framework to create value for all stakeholders

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v v v
ENVIRONMENT SOCIAL GOVERNANCE
Commitment to minimise Engage local suppliers Integrate best practice
ground disturbance, and recognition of environmental and social
emissions and water usage Traditional Owners standards into corporate
governance principles
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Marble Bar Lithium Project (MBLP)

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Prospective
Area
Archer
Deposit
Lithium in
drilling 15km
from Archer
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Geology
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Archer
Deposit
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Significant Upside

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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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World-class location, logistics & infrastructure

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Favourable Topography and Easy Road Access

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Port Hedland <2hrs
(export point)
Lithium projects nearby Borefield
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Town of
<15mins Marble Bar
(community of
+600 people)
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The Archer Deposit

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1. Cut-off grade of 0.6% Li2O

Geology

Excellent results to date Independent Mineral Resource[2] Active Exploration

• Multiple spodumene bearing pegmatites

• Swarm appears to extends more than 5km along strike – remains open

• Opportunity to grow

– 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%

• 5,454m RC Drilling program recently completed – assays pending

• Diamond drilling program – core for studies

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1. 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 9 on 4 May 2021

The Archer Deposit – strike and depth potential

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Soil geochemical anomaly areas

Exploration drivers

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• Initial prospective area for LCT[1] pegmatites >20km[2] already identified (pre acquisition of tenements with additional greenstone strike)

• 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

20km[2] area already defined ready to explore Brockman Archer Deposit zone: structural target 10m wide LCT pegmatite visible on Potential to extend to the Google Earth south

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1. LCT = Lithium-Cesium-Tantalum.

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2021 Exploration Campaign – RC drilling[1]

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•
RC program in
parallel to IPO
•
Starting to step out
– explore the
broader area
•
36 holes for
5,454m completed
in June 2021
•
Assays pending
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1. Refer ASX release titled “First RC Drilling Campaign Completed”, 22 June 2021.

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2021 Exploration Campaign – diamond drilling[1]

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• Two Diamond holes completed

• • Provides core for studies including mineralogy and preliminary metallurgical testwork

• MBDD002:

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61.2m to 77.1m pegmatite
interval with visible
spodumene mineralisation
(twinned MBRC0114)
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1. Refer ASX release titled “Spodumene Mineralisation Logged in Diamond Core”, 12 July 2021.

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Growth strategy underway – recent tenement acquisition[1]

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Prospective
greenstone / basalt
strike extended to
over 25km
Lithium
mineralisation
15km from Archer
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Rationale

Next steps

• Almost doubles the MBLP tenement holding

• Strike length of the prospective greenstone belt extended from 11km to 25km

• Lithium bearing (spodumene and lepidolite) pegmatite swarm 4km by 3.5km in size, including lithium mineralisation in drilling – 15km from Archer

• Combine with MBLP exploration programs

• Continue to consider complementary growth options

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1. Refer ASX release titled “Strategic Acquisition of Pilbara Lithium Tenements”, 17 June 2021.

Indicative timeline

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CYQ3 CYQ4 CYQ1
2021 2021 2022
Current programs underway
• RC program - assays
• Metallurgical testwork
Further RC drilling programs
planned
• Subject to approvals
Target Resource Update
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Figure: 2021 RC drilling campaign at the Archer Deposit Note: The timetable and exploration program is indicative and subject to change.

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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

  • 18 of the 20 largest car companies have committed to increase offering of EV’s[2]

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

  • Spodumene concentrate prices now US$850/t FOB Australia[4]

• Having an uncommitted spodumene mineral resource is a strategic place to be

1. EV = Electric Vehicle

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2. Source: International Energy Agency: https://www.iea.org/reports/global-ev-outlook-2021/trends-and-developments-in-electric-vehicle-markets 3. Infographic: Statistica.com

4. Source: S&P Global Platts Metals Daily 16 July 2021

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/ Resource[2] (20 July 2021) Enterprise Value (EV)[1]

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EV/Resource (A$/tonne Li2O[3] ) – select ASX peers

	EV/Resource (A$/tonne Li2O3) – select ASX peers	EV/Resource (A$/tonne Li2O3) – select ASX peers	EV/Resource (A$/tonne Li2O3) – select ASX peers	EV/Resource (A$/tonne Li2O3) – select ASX peers
Project2	2,317 1,184 649 424 251 137
			251
	Authier Finniss Kathleen Valley Wolfsberg Authier Finniss Wolfsberg Liontown (ASX:SYA)4 (ASX:CXO) (ASX:LTR) (ASX:EUR)		Archer Archer (ASX:GL1)	Dome North Dome North (ASX:ESS) Goldfields Explorer 11.2 Mt 1.2% 200km $24m $19m $137/t
Location		Quebec Northern Territory Western Australia Austria	Marble Bar
Status		DFS DFS PFS PFS	Explorer
Resource - Tonnage (Mt)		20.9 Mt 14.7 Mt 156 Mt 11.0 Mt	10.5 Mt
Resource - Li2O Grade		1.0% 1.3% 1.35% 1.0%	1.0%
Distance to Port		600km 88km 700km 260km	180km
Market Cap (A$m)1		$397m $270m $1,382m $50m	$35m
Enterprise Value(A$m)1		$367m $230m $1,367m $47m	$26m
EV/Resource(A$/t Li2O)		$2,317/t $1,184/t $649/t $424/t	$251/t

1. EV= Enterprise Value. EV is calculated as the market capitalisation of each company as at 20 July 2021 sourced from ASX. The market capitalisation is then adjusted for cash (decrease) and debt (increase) to arrive at the EV. Refer Appendix for details

2. See Appendix for detailed project and EV information, including the Mineral Resource by category as well as the information used in calculating the Evs.

3. Contained Lithium Oxide = Tonnage (Mt) x Grade (Li2O %)

4. SYA has been adjusted to accommodate the investment by Piedmont Lithium Inc for a 25% stake in Sayona’s Canadian subsidiary.

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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
news flow expected
expansion and
over next 12-18
exploration Strong team
months
program already driven by ESG
underway fundamentals
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APPENDICES

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Appendix: detailed project data

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Peer Group Comparison Data[1]

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Mineral
Mineral Mineral Mineral Cash & Debt
Market Enterprise Resource
Cash Debt Resource Resource Resource ASX
Capitalisation [4] Value ASX
Company Project (Tonnage) (Li2O Grade) (cont. Li2O) Announcement
Announcement
Name Name
A$m A$m A$m A$m Kt % Kt Date Date
Core Lithium Finniss 270 40 - 230 14.7 1.3% 194 22-Jun-21 15-Jun-20
Essential
Dome North 24 6 - 19 11.2 1.2% 136 14-Jul-21 29-Sep-20
Metals
European
Wolfsberg 50 8 4 47 11.0 1.0% 110 30-Apr-21 5-Apr-18
Lithium
Liontown Kathleen
- 14-Jul-21 and 28-
1,382 [2] 15 [2] 1,367 39.2 1.1% 423 8-Apr-21
Resources Valley Apr-21
12-Jul-21, 8-
Sayona Mining Authier 397 [3] 30 [3] - 367 20.9 1.0% 211 Jun-21 and 30- 24-Nov-18
Apr-21
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1. All Mineral Resources have been reported on a 100% basis. The source announcements for each of the technical and EV data are shown in the table

2. Liontown Resources metrices includes cash as at 31 March 2021 and current issued shares, it does not include the capital raising announced 14 July 2021

3. Sayona metrics includes: 1) Cash Reserves at 31 March 2021 of $9.88m; 2) April 2021 rights issue proceeds of $22m it does not include the recent capital raisings announced 12 July 2021

4. Market capitalization data is calculated using closing share price and shares in issue sourced from ASX.

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CONTACT US

Jamie Wright

Global Lithium MD +61 8 6103 7488 info@globallithium.com.au

Victoria Humphries Media and Investor Relations +61 (0) 431 151 676 victoria@nwrcommunications.com.au

ASX: GL1

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

@Global_Lithium

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