GLOBAL LITHIUM RESOURCES LIMITED — Investor Presentation 2021

Jun 1, 2021

GROWING PILBARA LITHIUM COMPANY Paydirt’s 2021 Battery Minerals Conference J u n e 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 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.

2

Introduction

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• Positioned for success following $10m IPO in May 21

• Pilbara-focussed lithium explorer

  • Marble Bar Lithium Project ( MBLP ) in infrastructure rich Pilbara

  • 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

  • Hit the ground running – RC drilling on day of IPO

  • Resource update targeted Q4 2021

• Sector & ESG momentum driving prices

  • Exponential take up of EVs

  • Lithium market surging – spodumene concentrate prices up +60% to date 2021[3]

• Owned by Pilbara Minerals (ASX: PLS)

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

• Independent price reporting agencies including FastMarkets, Platts, Asian Metals and BMI reporting spodumene concentrate pricing in the range of US$550–US$700/dmt (SC6.0, CIF basis) towards the end of March 2021 (reported $400–US$430/dmt (SC6.0, CIF basis) at end of December 2020)

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3

Who we are

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Global Lithium at a Glance

• Lithium focused

• Three years operational history prior to listing on ASX in May 2021

Corporate Structure

$0.26 131.8m 4.8m 5.0m

Share price $0.26 (as at 31 May 2021) Shares on Issue 131.8m O tions on Issue 4.8m p Performance Ri hts 5.0m g Market Cap. $34.3m (undiluted) Cash - $10.8m (Pre IPO Costs)

4

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Board of Directors

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Jamie Wright Managing Director

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Warrick Hazeldine

Non-Exec Chair

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Dr Dianmin Chen Non-Exec Director

Management

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Kevin Hart

CFO and Co Sec

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Joanne Day

Admin Manager

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Jayson Meyers

Resource Potentials

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Ian Shackleton Resource Potentials

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5

Sustainability

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Strong ESG framework to create value for all stakeholders

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v
ENVIRONMENT
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Commitment to minimise ground disturbance, emissions and water usage

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v v
SOCIAL GOVERNANCE
Engage local suppliers Integrate best practice
and recognition of environmental and social
Traditional Owners standards into corporate
governance principles
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Engage local suppliers
and recognition of
Traditional Owners
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6

Marble Bar Lithium Project (MBLP)

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Geology

• Emerging hard rock lithium discovery

Archer ● Focus to date - discovering and

Deposit exploring Archer Deposit Archer ● Prospective area of >20km[2] Significant Deposit ● Upside <10% of prospective area drilled ● Tier 1 jurisdiction Infrastructure ● Sealed road through tenement area Prospective Rich ● 150km SE of Port Hedland Area

● <10% of prospective area drilled

• Sealed road through tenement area

• ● 150km SE of Port Hedland

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7

The Archer Deposit

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• Multiple spodumene bearing pegmatites from surface

• Geology

• Open in all directions

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Exploration
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• 12,700m RC drilling over 2 years

● Excellent intercepts – 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 Independent Resource[1] 2 2 2 5 2 3 (Mt) (%) (ppm) (ppm) (%) Mineral Category Resource[2] Inferred 10.5 1.0 49 53 1.2%

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1. Cut-off grade of 0.6% Li2O 2. 200630-GLR-Mineral Resource Estimate, dated June 2020, prepared by IHC Robbins

8

2021 Exploration Campaign Underway

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• 5,000m RC program underway - managed by Resource Potentials

• Geological interpretation and targeting for future programs

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• Diamond drill program currently being planned

• Ongoing news flow

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World-class location, logistics & infrastructure

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Favourable Topography and Easy Road Access
Town of
Port Hedland <2hrs
<15mins
Marble Bar
(export point)
(+600 people)
Lithium projects nearby Borefield
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Indicative timeline

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• Current Program Underway • Initial 5,000m RC program underway

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• ~800m diamond program
Further RC Drilling Program
• 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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Q2 Q3 Q4
2021 2021 2021
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11

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 manufacturers responding

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

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

1. EV = Electric Vehicle

2. Infographic source: Statistica.com

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12

/ Resource[2] (31 May 2021) Enterprise Value[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	$2,599/t $1,210/t $769/t $478/t $225/t $85/t
			$225/t
	Piedmont Finniss Wolfsberg Authier (ASX:PLL) (ASX:CXO) (ASX:SYA) (ASX:EUR)		Archer4 (ASX:GL1)	Dome North (ASX:ESS)
Location		North Carolina Northern Territory Quebec Austria	Marble Bar	Goldfields
Status		PFS DFS DFS PFS	Explorer	Explorer
Resource - Tonnage (Mt)		39.2 Mt 14.7 Mt 20.9 Mt 11.0 Mt	10.5 Mt	11.2 Mt
Resource - Li2O Grade		1.1% 1.3% 1.0% 1.0%	1.0%	1.2%
Distance to Port		317km 88km 600km 260km	180km	200km
Market Cap (A$m)1		$1,315m $276m $193m $57m	$34m	$18m
Enterprise Value(A$m)1		$1,099m $235m $162m $53m	$24m	$12m
EV/Resource(A$/t Li2O)		$2,599/t $1,210/t $769/t $478/t	$225/t	$85/t
1 EV= Enterrise Value EV is calculated a	s the market caitalization of each coman as at 31 Ma 2021 sourced from BloomberThe market caitalisation is then

1. EV= Enterprise Value. EV is calculated as the market capitalization of each company as at 31 May 2021 sourced from Bloomberg. The market capitalisation is then adjusted for cash (decrease) and debt (increase) to arrive at the EV.

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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 %)

• 13 4. Discovery cost for Archer Mineral Resource is A$0.21/t based on $2.2m spent on exploration divided by the Mineral Resource tonnes.

Global Lithium: emerging 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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14

APPENDICES

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15

Appendix 1: 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 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 276 40.9 - 235 14.7 1.3% 194 29-Apr-21 15-Jun-20
Essential
Dome North 18 6.2 - 12 11.2 1.2% 136 15-Apr-21 29-Sep-20
Metals
European
Wolfsberg 57 7.8 4.0 53 11.0 1.0% 110 30-Apr-21 5-Apr-18
Lithium
Piedmont Piedmont 1,315 216.5 [2] - 1,099 39.2 1.1% 423 30-Apr-21 8-Apr-21
22/04/2021 &
Sayona Mining Authier 193 30.3 [3] - 162 20.9 1.0% 211 24-Nov-18
30/04/2021
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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. AUD/USD = 0.77 (31 May 2021)

3. Comprises: 1) Cash Reserves at 31 March 2021 of $9.88m; 2) April 2021 rights issue proceeds of $20.4m

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16

Appendix 2: Exploration drivers

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• Initial prospective area for LCT pegmatites >20km[2] already identified

• 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

• The Company will consider complementary acquisitions

20km[2] prospective area to explore Brockman Archer Deposit zone: structural target 10m wide LCT pegmatite visible on Google Earth Moolyella Tin Field

17

ASX: GL1

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

@Global_Lithium

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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