Global Lithium Resources Ltd. · ASX:GL1
Global Lithium Resources — Investor Presentation (October 2022)
54 slides from Global Lithium Resources's investor presentation, Oct 25, 2022
Slide 1: Global Lithium to Consolidate 100% Interest in Manna Lithium Project
Global Lithium to Consolidate 100% Interest in Manna Lithium Project Equity Raising Presentation People | Power | Planet October 2022 | ASX: GL1 NOT FOR RELEASE TO U.S. WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer YOU MUST READ THE FOLLOWING BEFORE CONTINUING. No representation, warranty or assurance, express or implied, is given or made in relation to any forward looking statement. In particular no representation, warranty or assumption, express or implied, is This presentatio
Slide 3: Key Highlights
Key Highlights • Global Lithium agrees to acquire 100% ownership of the underlying tenements that comprise the Manna Lithium Project (“Manna”) • Total target Offer proceeds of approximately A$121.5m will enable Global Lithium to fund the Manna Transaction, exploration at Manna and the Marble Bar Lit
Slide 4: Manna Transaction & Equity Raising Overview
Manna Transaction & Equity Raising Overview
Slide 5: Manna Transaction Overview
Manna Transaction Overview • Global Lithium Resources Limited (ASX: GL1) (“Global Lithium”) agrees to acquire the underlying tenements and remaining 20% interest in the Manna Transaction Lithium Project (“Manna”) from existing joint venture partner Breaker Resources Overview NL (ASX: BRB) (“Breaker”
Slide 6: Equity Raising Overview
Equity Raising Overview • Global Lithium is pleased to announce the launch of an equity raising of up to approximately A$121.5 million of new fully paid ordinary shares in the Company (“New Shares”) comprising: o An underwritten institutional placement of New Shares to raise approximately A$100.2 mi
Slide 7: Sources & Uses of Funds
Sources & Uses of Funds Proceeds from the Equity Raising will ensure Global Lithium is fully funded through to the completion of a Feasibility Study for Manna Manna Transaction - $60m A$m Sources of Funds • Acquisition of the underlying tenements and remaining 20% of the lithium rights in Manna from
Slide 8: Indicative Timetable
Indicative Timetable Event Date Record Date for eligibility to participate in SPP Monday, 24 October 2022 at 4:00pm AWST Trading Halt Tuesday, 25 October 2022 Announcement of Equity Raising & Placement opens Tuesday, 25 October 2022 Trading halt lifted and announcement of completion of Placement Wed
Slide 9: Company Overview
resources Company Overview
Slide 10: GL1 Purpose & Values
GL1 Purpose & Values Empowering people to power the planet People | Power | Planet SAFETY INNOVATION The standard you walk past is the We empower people to innovate standard you accept. for the better. OWN IT TEAMWORK We do what we say we will do. We all win when we work together with a can-do minds
Slide 11: What Makes Global Lithium Unique?
What Makes Global Lithium Unique? ▪ Combined maiden Inferred Mineral Resource of 20.4Mt @ 1.068% Li2O (100% basis)1,2 Multi-asset ▪ Two highly prospective Projects at similar stages provides significant optionality around development optionality development and funding alternatives Marble Bar Lithiu
Slide 12: Board & Management
Board & Management Warrick Hazeldine Hayley Lawrance Non-Executive Chair Non-Executive Director Co-Founder & NED of Cannings Purple; NED ChemX (ASX:CMX), Commercial lawyer; Director and company secretary for 20 years capital markets experience with a key focus on battery +22 years with a mining indu
Slide 13: GL1 Snapshot
Aug 20224 Preliminary metallurgical testwork for the MBLP GL1 Snapshot Mar 2022 Mineral Resources Ltd becomes cornerstone investor in $29.9m capital raising with 5% interest achieves 5.9% Li2O grade at a recovery of 76% Dec 2021 Sep 2022 Acquires 80% interest in 10-year Offtake Agreement Executed Mo
Slide 14: World's Best Jurisdiction
Western Australia World’s Best Jurisdiction Why Spodumene? 1. Speed to Market WA iron ore built the new world o WA has a history of delivering WA lithium will power the new world spodumene projects o First tonnes typically in market 2 – 3 years post FID 2. Quality o Lithium produced from spodumene c
Slide 15: Mineral Resources Limited
Strategic Investors Mineral Resources Limited (ASX:MIN) Strategic Positioning PORT HEDLAND ✓ Mineral Resources Limited (MinRes) becomes a strategic partner after increasing their stake in Global Lithium to 9.9%1 MLBP ✓ MinRes has an unrivalled track record in MARBLE BAR Wodgina successfully bringing
Slide 16: Suzhou TA&A
Strategic Investors October 2022 Lithium Prices2 Suzhou TA&A Lithium Hydroxide CIF China, Japan & Korea: $82/kg ✓ 10-year Strategic Offtake Agreement with Suzhou TA&A for at least 30% of spodumene concentrate Lithium Carbonate CIF China, Japan & Korea: $78/kg produced from Global Lithium’s operation
Slide 17: MOU Executed With Korea's SK On
Strategic Partners MOU EXECUTED WITH KOREA’S SK ON Partnership with Korean Battery Maker to Explore Business Opportunities including Development of Downstream Lithium Assets1 • SK On supplies batteries to global automakers including Ford Motor Company, Hyundai Motor Company and Volkswagen • Strategi
Slide 18: Manna Lithium Project (100% GL1)
Manna Lithium Project (100% GL1)1 1. Remains subject to completion of the SPA entered into with Breaker which is expected to occur by 15 November 2022. 18 INVESTOR PRESENTATION | October 2022
Slide 19: Manna Lithium Project
Manna Lithium Project • Outcropping spodumene bearing pegmatite Geology • Individual pegmatite dykes +20 meters wide1 • Maiden Inferred Mineral Resource of 9.9Mt @ 1.14% Li2O (100% basis)2 Manna Deposit • Mineral Resource defined by just 3,636m of drilling at shallow depths • Significant exploration
Slide 20: Thick Pegmatite Widths Over an Outcropping Strike of +1,000m
Manna Lithium Project Thick Pegmatite Widths Over an Outcropping Strike of +1,000m1 1. See ASX announcement dated 10 August 2022 – Exceptional Manna Drilling Result. 20 DIGGERS &PRESENTATION INVESTOR | October 2022 DEALERS PRESENTATION | August 2022
Slide 21: Drilling to Expand Resource
Manna Lithium Project Drilling to Expand Resource Resource Expansion Drilling continues • 3rd rig mobilised to Manna1 • This rig will undertake an infill drilling program within the existing Resource, alongside an ongoing 20,000m RC program (Rig 1) and 4,000m diamond program (Rig 2) • The infill pro
Slide 22: Parallel Programs of Resource Expansion and Infill Drilling
Parallel Programs of Resource Expansion and Infill drilling Manna Lithium Project 22 DIGGERS &PRESENTATION INVESTOR | October 2022 DEALERS PRESENTATION | August 2022
Slide 23: Pictures of Progress
Pictures of Progress Manna Lithium Project
Slide 24: Pictures of Progress
Manna Lithium Project Pictures of Progress 24 DIGGERS &PRESENTATION INVESTOR | October 2022 DEALERS PRESENTATION | August 2022
Slide 25: Marble Bar Lithium Project (MBLP) (100% GL1)
Marble Bar Lithium Project (MBLP) (100% GL1) 25 INVESTOR PRESENTATION | October 2022
Slide 26: Highly prospective geological setting
Marble Bar Lithium Project Highly prospective geological setting • Spodumene bearing pegmatite hosted in greenstone and Geology granite contact. Demonstrates similar geological settings to the Pilgangoora1 and Wodgina2 deposits • Maiden Inferred Mineral Resource of 10.5Mt @ 1.0% Li2O3 Archer Deposit
Slide 27: Strategy Update
Marble Bar Lithium Project Strategy Update Shaping up for significant growth • Exploration to date has been focused on the Archer deposit area • Ongoing RC drilling shows potential for new corridors host to potential spodumene bearing pegmatite zones with results including1: o 10m @ 1.00% Li2O from
Slide 28: Recent Results Demonstrate Upside Potential
Marble Bar Lithium Project Recent Results Demonstrate Upside Potential Highest grade lithium assays delivered to date1 • Significant high grade lithium assay results continue from recent drilling campaigns at the MBLP • 11m @ 1.42 Li2O and 62ppm Ta2O5 from 25m in MBRC0258 2 • 7m @ 1.82% Li2O and 66p
Slide 29: Positive Preliminary Metallurgical Test Work
Marble Bar Lithium Project Positive Preliminary Metallurgical Test Work Excellent results received from initial test work carried out on diamond core samples from MBLP • GR Engineering supervised and carried out sighter test program at Nagrom Laboratories in Perth, WA o Preliminary test work achieve
Slide 30: Building Momentum – Significant news flow and next steps
Building Momentum – Significant news flow and next steps Global Lithium Resources 2023 2024 2025 2026 • Scoping & Feasibility study (Manna) • Second resource upgrade • Metallurgical test work (Manna) • Environmental / Native Title approvals • Final Investment Decision (Manna) • Construction (Manna)
Slide 31: Globally Focused Multi Asset Lithium Company – Why Invest?
Globally Focused Multi Asset Lithium Company – Why Invest? Two highly prospective Attributable inferred Mineral Aggressive exploration WA is the most attractive mining lithium projects in tier-1 Resources of 20.4Mt @ 1.068% programs at both the jurisdiction in the world for mining jurisdiction of We
Slide 32: Slide 32
Slide 33: Contact Us
Contact Us RON MITCHELL au.linkedin.com/company/ Managing Director global-lithium-resources +61 8 6103 7488 info@globallithium.com.au @Global_Lithium VICTORIA HUMPHRIES Subscribe to our mailing list at: Media and Investor Relations globallithium.com.au +61 (0) 431 151 676 victoria@nwrcommunications.
Slide 34: Building Capacity in ESG Reporting & Funding Partners
Sustainability Building Capacity in ESG Reporting & Funding Partners v v v ENVIRONMENT SOCIAL GOVERNANCE Commitment to minimise ground Engage local suppliers and Commitment to best practice in disturbance, emissions and water recognition of Traditional Owners corporate governance, including usage so
Slide 35: Mineral Resource Estimates
Mineral Resource Estimates
Slide 36: Mineral Resource Estimates
Mineral Resource Estimates Manna Lithium Project Mineral Resource The last review of the Manna Lithium Project was announced to the ASX on 17 February 2022. On a 100% basis, the Manna Lithium Project hosts a total Inferred Mineral Resource of 9.9 Mt at 1.14% Li2O reported above a cut-off grade of 0.
Slide 37: Mineral Resource Estimates
Mineral Resource Estimates Marble Bar Lithium Project (MBLP) Mineral Resource Mineral Resource with respect to the MBLP presented in this statement, together with JORC Table 1 information, is contained in the Independent Geologists Report within the Company’s Prospectus dated 22 March 2021, which wa
Slide 38: Mineral Resource Estimates
Mineral Resource Estimates Table 3 Combined Mineral Resource Estimate - Inferred Mineral Resources Project (equity) Category Tonnes (Mt) Li2O% Ta2O5 ppm Marble Bar (100%) Inferred 10.5 1.0 53 Manna (100%) Inferred 9.9 1.14 49 Combined Total 20.4 1.068 50.87 Competent Person’s Statement Where the Com
Slide 39: Key Risks
Key Risks
Slide 40: Key Risks
Key Risks Introduction An investment in New Shares is subject to risks, some of which are beyond the control of the Company. The existence of risk means that the performance of the Company or the New Shares could be adversely affected. The Company does not guarantee any particular rate of return or
Slide 41: Key Risks Continued
Key Risks Continued Tenure, Access and Grant of Applications cont. b) Renewal Mining and exploration tenements are subject to periodic renewal. The renewal of the term of granted tenements is subject to compliance with the applicable mining legislation and regulations and the discretion of the relev
Slide 42: Key Risks Continued
Key Risks Continued Native Title and Aboriginal Heritage In relation to tenements which the Company has an interest in or will in the future acquire such an interest, there may be areas over which legitimate common law native title rights of Aboriginal Australians exist. If native title rights do ex
Slide 43: Key Risks Continued
Key Risks Continued Reliance on Key Personnel The responsibility of overseeing the day-to-day operations and the strategic management of the Company depends substantially on its senior management and its key personnel. There can be no assurance given that there will be no detrimental impact on the C
Slide 44: Key Risks Continued
Key Risks Continued Climate Risk There are a number of climate-related factors that may affect the operations and proposed activities of the Company. The climate change risks particularly attributable to the Company include: • the emergence of new or expanded regulations associated with the transiti
Slide 45: Key Risks Continued
Key Risks Continued Counterparty and Contractual Risk The ability of the Company to achieve its stated objectives will depend on the performance by the parties of their obligations under the SPA and other agreements related to the Manna Transaction. If any party defaults in the performance of their
Slide 46: Key Risks Continued
Key Risks Continued Contractual Risk As a party to contracts, the Company will have various contractual rights in the event of non-compliance by a contracting party. However no assurance can be given that all contracts will be fully performed by all contracting parties and that the Company will be s
Slide 47: Key Risks Continued
Key Risks Continued Government Policy and Taxation Risk Changes in relevant mining laws, taxation laws, interest rates, other legal, legislative and administrative regimes, and government policies in Australia may have an adverse effect on the assets, operations and ultimately the financial performa
Slide 48: International Offer Jurisdictions
International Offer Jurisdictions
Slide 49: International Offer Jurisdictions
International Offer Jurisdictions International Offer Restrictions This document does not constitute an offer of New Shares under the Company’s Placement in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not b
Slide 50: International Offer Jurisdictions
International Offer Jurisdictions Hong Kong WARNING: This document has not been, and will not be, registered as a prospectus under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong, nor has it been authorised by the Securities and Futures Commission in Hong Kon
Slide 51: International Offer Jurisdictions
International Offer Jurisdictions United Kingdom Neither this document nor any other document relating to the offer has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of section 85 of the Financial Services and Markets Act 2
Slide 52: Summary of Underwriting Agreement
Summary of Underwriting Agreement
Slide 53: Summary of Underwriting Agreement (1/2)
Summary of Underwriting Agreement (1/2) • The Company has entered into an underwriting agreement (Underwriting Agreement) with Argonaut Securities Pty Ltd (ASPL), Argonaut PCF Limited (APL), Canaccord Genuity (Australia) Limited (Canaccord) and Macquarie Capital (Australia) Limited (Macquarie). • Pu
Slide 54: Summary of Underwriting Agreement (2/2)
Summary of Underwriting Agreement (2/2) • In addition to the above, some termination events will depend on whether the Joint Lead Managers have reasonable grounds to believe that the relevant event has, or is likely to have, a material adverse effect on the success, settlement or marketing of the Pl
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