GLOBAL LITHIUM RESOURCES LIMITED — Investor Presentation 2023

May 10, 2023

Growing Two Lithium Projects in the World's Most Reliable Mining Jurisdiction Through large scale exploration and development

11 May 2023 | ASX:GL1

Ron Mitchell – Managing Director

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 the Manna Lithium Project production target 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 that all material assumptions and technical parameters underpinning the production target estimate or forecast financial information derived from the production target (as applicable) in 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.

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.

Strategic Highlights – Why Invest?

Multi-asset development optionality	▪ Combined Mineral Resource of 50.7Mt @ 1.0% Li O 2 ▪ Two highly prospective projects provides significant optionality around development and funding alternatives
		Marble Bar Lithium Project
JORC compliant resource	▪ Global Lithium wholly owns 2 of only 14 JORC compliant lithium resources in Australia listed on the ASX ▪ Most lithium resources are owned under joint ventures	(GL1 100%)
Tier 1 jurisdiction	▪ Projects located in the Tier 1 jurisdiction of Western Australia, close to existing lithium projects and major infrastructure
Strategic partnerships & well funded	▪ Secured strategic partnerships with blue-chip counterparties ▪ Canmax (formerly Suzhou TA&A) and Mineral Resources (ASX:MIN) ▪ Well funded through to FID on the Manna Lithium Project
Strong lithium & battery industry credentials	▪ MD with +13 years experience in lithium and battery materials, ▪ Current Chair of the LME Lithium and Cobalt Committee	Manna Lithium Project (GL1 100%)
Experienced Board and leadership team	▪ Highly experienced Board and management team with deep background in mining, exploration and project development ▪ +170 years cumulative resources experience

GL1 Corporate Snapshot (8 May 2023)

Market Cap	Share Price	Shares on issue	Options1	Cash2
A\$406m	A\$1.58	257.3m	13.5m	A\$70.6m

4 DIGGERS & DEALERS PRESENTATION | August 2022 1. Including various terms of performance rights 2. As at 31 March 2023

Lithium Market Overview What's Happening?

Strong globally diversified demand Strong Government support Supply risks underestimated

Regional Policies to Support Local EV Supply Chain

Inflation Reduction Act (IRA) Overview

• Amended the Clean Vehicle Credit to require that final assembly of electric vehicle must be completed in North America
• Removed the previous manufacturer sales cap that phased out credit eligibility once 200k qualifying vehicles had been sold by OEM

% of Value Requirements

• Extraction, Processing & Recycling: Critical Minerals must be extracted or processed in the US/FTA partner, or recycled in NA. – 40% by 2023 to 80% by 2027
• Battery Components must be manufactured or assembled in North America – 50% by 2023 to 100% by 2029

Consumer Credit

• Total New Vehicle Credit: \$7,500, battery component credit & critical materials credit \$3,750 each.
• Used vehicle credit: lesser of \$4,000 or 30% of vehicle price

Critical Raw Materials Act

• The EU's Critical Raw Materials Act and Green Deal Industrial Plan aim to diversify supply away from foreign entities of concern whilst incentivising onshore downstream supply chains.
• The domestic recycling capacity, including for all intermediate recycling steps, should be able to produce at least 15% of the EU's annual consumption of strategic raw materials in 2030

% of Value Requirements by 2030

• Extraction: At least 10% of the EU's annual consumption
• Processing: At least 40% of the EU's annual consumption
• Recycling: At least 15% of the EU's annual consumption
• External Sources: >65% of the EU's annual consumption of each strategic raw material at any relevant stage of processing from a single third country.

Consumer Credit

• N/A

Lithium Derivatives Market

Current Lithium Future Exchanges

Products	Exchanges
Lithium Hydroxide
Lithium Carbonate
	(by 2023)

• Lithium futures market has been gathering momentum amid EV battery materials boom.
• The aim is to minimize risks from extreme price volatility in emerging markets.
• A shift toward independent market reference pricing is evolving, leading to greater price sophistication.
• Producers can use forward contracts to secure income and protect profit. OEMs can guarantee purchase prices in advance.
• An understanding of the current forward price curve assists in determining the future demand
• More financial institutions entering into the battery metals industry, helps to hedge exposure from lending for new greenfield projects or expansions, or to express views on the directions of the market. This helps justifying capex and securing financing.

Lithium Derivatives Market

Lithium Aggregate Open Interest¹ (09/2022-04/2023)

• Price volatility has driven record liquidity in battery raw material exchanges ytd 2023.
• CME lithium hydroxide record volume came almost one year after the launch last April (monthly volume of Mar 2023 at 521t).
• Open interest on exchange increased by 34% since the start of April 2023, particularly longer dated tenors (Q3-23 and H1-2024) have seen an increase in open interest.
• Greater activity not only in the broker market but also on screen, currently with offers in April to September 2023. This is usually another sign of a market maturing.

100% Owned Project 1 Manna Lithium Project

9

Manna Lithium Project

10

	•
Geology	Outcropping spodumene bearing pegmatite • High grade individual pegmatite dykes +20m wide
Manna Deposit	• 100% ownership acquired1 • O2 Mineral Resource Estimate of 32.7Mt @ 1.0% Li 2
Significant Upside	• Significant exploration upside with resource open at depth and to the NE and SW • +50,000m RC and diamond drilling program planned in CY2023
Infrastructure Rich	• Tier 1 lithium mining jurisdiction – gold, nickel and lithium • 100km east of Kalgoorlie • 450km north of Esperance Port
1. 2.	Refer ASX release titled "COMPLETION OF MANNA TRANSACTION AND STRATEGIC PLACEMENT", 15 November 2022. Refer ASX release titled "GL1 Delivers Transformative 50.7Mt Lithium Resource Base", 15 December 2022.

Manna Exploration Upside

Pathway to a Larger Resource at Manna

• Manna is a developing world class Lithium asset
• A significant new extensions to the Manna resource have been discovered
• o Will likely constitute an extended open pit
• The new extensions are open both along strike and down dip
• Latest results show large, high-grade thick pegmatites
• +50,000m RC and Diamond drilling program planned to further increase MRE

Exploration Program CY2023 Manna Lithium Project

Key technical development steps to progress DFS

• Focus on large, high-grade Lithium bearing pegmatite extension of existing deposit
• Heritage surveys across Manna and mining lease application areas
• LIDAR and high-resolution Aerial Photography program (Completed)
• Close spaced Gravity survey over Manna deposit (Completed)
• Expanded Geochemical Soil sampling survey (Completed awaiting assays)

Manna plan view showing exploration activities¹

Mining Lease Application Manna Lithium Project

• Mining Lease application (MLA 28/414) lodged with Department of Mines, Industry Regulation and Safety (DMIRS)
• Area of Mining Lease covers 2,406 hectares which includes:
• o Manna deposit and potential resource extensions along strike
• o Process plant
• o Waste rock landforms
• o Other mine operation infrastructure
• o Ancillary services
• Mineralisation Report and Supporting statement peer reviewed
• Technical de-risking work streams and metallurgical test program underway

Manna Lithium Project

Definitive Feasibility Study (DFS)

• Experienced lithium engineering consultant Wave International has commenced the DFS¹
• Feasibility Study results expected in Q4 CY2023
• Final Investment Decision (FID) in CY2024
• Further Mineral Resource updates to follow incorporating additional +50,000m of drilling
• Bulk metallurgical and ore variability test work underway
• Various work programs to improve project economics
• Environmental and heritage work activities underway

GL1 Geology Team and MD inspecting the core at site

100% Owned Project 2 Marble Bar Lithium Project

15 DIGGERS & DEALERS PRESENTATION | August 2022

Marble Bar Lithium Project

Geology

Resource

Significant

Upside

Infrastructure

Rich

Highly Prospective Geological Setting

• Spodumene bearing pegmatite hosted in greenstone and granite contact

• Demonstrates similar geological settings to the nearby Pilgangoora¹ and Wodgina² deposits

• Inferred Mineral Resource of 18.0Mt @ 1.0% Li2O³
• Lithium mineralisation in drilling identified over 15km
• Highest grade lithium assays delivered to date⁴
• 48,528m of RC drilling completed in CY2022
• More than 25km greenstone strike in highly prospective area
• Highly prospective gold and base metal targets will be tested in 2023
• Tier 1 lithium mining jurisdiction
• Sealed road through tenement area

• 150km south-east of Port Hedland

• 1. Refer ASX release titled "GL1 DELIVERS TRANSFORMATIVE LITHIUM RESOURCE BASE", 15 December 2022.
• 1. Refer ASX release titled "Highest Grade Lithium Assays Delivered to Date at Marble Bar Lithium Project", 2 May 2022

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

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

Marble Bar Lithium Project

Results Demonstrate Upside Potential

Highest grade lithium assays delivered to date¹

• A large intrusive related mineral system = significant upside
• 2023 exploration campaign targets lithium mineralised pegmatites to establish prospectivity both along strike and down dip
• Mapping and soils work has delineated four distinct target areas for further exploration – drilling recommences H1 CY2023
• Highly prospective gold and base metal targets will be tested in 2023

1. Refer ASX release titled "NEW LITHIUM BEARING PEGMATITE AT MARBLE BAR LITHIUM PROJECT", 1 August 2022

Pegmatite Exploration Target Areas²

Marble Bar Lithium Project

Exploration Program CY2023

Drilling to test and expand Archer deposit and other lithium corridors

• Heritage surveys planned to cover areas across Corridor 2 and Twin Veins targets
• Up to 20,000m RC drilling program to test Corridor 2 lithium targets¹
• IP Survey across Twin Veins to highlight potential chargeability anomalies
• RC program to test gold and base metal anomalies at Twin Veins and any identified chargeability anomalies

1. Refer ASX release titled "LARGE SCALE EXPLORATIOPN PROGRAMS UNDERWAY", 3 May 2023.

Key Milestones

Global Lithium Resources

• Exploration (MBLP & Manna)
• DFS and Ore Reserve (Manna)
• Metallurgical test work (Manna)
• DSO & downstream lithium studies (Manna)
• Resource upgrades (MBLP & Manna)
• Environmental / Native Title approvals (Manna)
• Final Investment Decision (Manna)
• Construction & SOP (Manna)

A Clear Strategy - Positioned for Growth

Strategic Positioning

Positioned in the World's best mining jurisdiction, strong team driven by ESG fundamentals

Value Accretive

DSO and downstream lithium chemical studies scheduled for 2023

Growth Focussed

2 projects 100% wholly owned providing development optionality

Scalable Resource

50.7mt Li2O resource with clear growth potential, GL1 owns 2 of only 14 JORC lithium resources in Australia

GL1 Purpose & Values – It's who we are that matters

Empowering people to power the planet People | Power | Planet

SAFETY

The standard you walk past is the standard you accept.

OWN IT

We do what we say we will do.

SUSTAINABILITY

We do the right thing while providing responsible returns to people and the planet.

INNOVATION

We empower people to innovate for the better.

TEAMWORK

We all win when we work together with a can-do mindset.

Board

Warrick Hazeldine Non-Executive Chair

Co-founder & NED of Cannings Purple; Non-Executive Chair ChemX (ASX:CMX), 20 years capital markets experience with a key focus on battery minerals and energy transition.

Ron Mitchell

Managing Director

Current Chair of the LME Lithium and Cobalt Committee; Former Sales Director of Tianqi Lithium & Talison Lithium; 13 years experience in the lithium industry. 7 years living and working in Nth Asia.

Greg Lilleyman Non-Executive Director

Former Fortescue Metals and Rio Tinto executive with 30 years of international experience in the mining sector. Key global contacts and networks throughout the mining sector.

Dr Dianmin Chen Non-Executive Director

Founder of Global Lithium with 35 years' experience in metals, mining and capital markets. Former Barrick Gold senior management and Managing Director / CEO of Norton Goldfields Limited.

Hayley Lawrance Non-Executive Director

Commercial lawyer; Director and company secretary for +22 years with a mining industry focus including ESG and approvals; Chair of Holyoake Inc.

Kevin Hart Company Secretary

Chartered accountant with +30 years experience in accounting and administration of ASX listed public companies; Principal of Endeavour Corporate.

Management & Leadership

Matt Allen

Chief Financial Officer

Chartered accountant and finance professional with +25 years experience in debt and equity funding, operation and management of ASX public listed companies including rare earth developer Hastings Technology Metals (ASX:HAS). Commencing April 2023.

Dr Tony Chamberlain

Project Director PhD in metallurgy with +25 years experience in the resources industry including several battery and new world metals ASX listed public

companies; former COO at Vimy Resources and BCI Minerals.

Nicole Stein

Simon Corrigan

Community Relations Manager

CITIC Pacific Mining, Atlas Iron and BHP.

Approvals and Corporate Affairs Advisor

Experienced community relations and strategic communications professional with 20 years living and working in regional Western Australia.

More than 20 years of experience in approvals, government relations and community relations. Chief of Staff in the WA Government and Senior Corporate Affairs and Approvals roles at

Stuart Peterson

General Manager Exploration

Specialist Exploration Geologist with 16 years experience in Australia and offshore; Member of the Australasian Institute of Mining and Metallurgy AuzIMM.

Logan Barber Exploration Manager

Over 15 years of exploration experience focused on Lithium, Iron Ore, Base and Precious Metals. Execution of the original drilling at Wodgina (ASX: MIN) and extensive geological experience at Marble Bar and Manna.

Matt Holmes Principal Environmental Consultant

Owner/Principal of Significant Environmental Services with over 20 years' experience in consulting directly to clients in the Mining Industry including Pilbara Minerals (ASX:PLS). BSc. Biological Sciences (including Environmental Management) and a First Class Honours.

Phoebe Yan Senior Business Analyst

Over 15 years of commercial experience in the lithium chemicals, mining and infrastructure sectors. Held positions with Tianqi Lithium Energy Australia and Mineral Resources. Master of Accounting and a CPA.

Global Lithium – Mineral Resources

Project Name	Category	Million Tonnes (Mt)	Li O% 2	Ta O ppm 2 5
Marble Bar	Indicated	3.8	0.97	53
	Inferred	14.2	1.01	50
	Subtotal	18.0	1.00	51
Manna	Indicated	18.5	1.03	45
	Inferred	14.2	0.97	43
	Subtotal	32.7	1.00	44
Combined Total		50.7	1.00	46

1. Refer ASX release titled "GL1 DELIVERS TRANSFORMATIVE 50.7Mt LITHIUM RESOURCE BASE," 15 December 2022.

Contact Us

RON MITCHELL

Managing Director +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

• au.linkedin.com/company/ global-lithium-resources
• @Global_Lithium

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