Global Lithium Resources Ltd. · ASX:GL1
Global Lithium Resources — Shareholder Meeting (November 2023)
44 slides from Global Lithium Resources's shareholder meeting presentation, Nov 28, 2023
Slide 1: Chair's Address and Managing Director's Presentation to the 2023 AGM
ASX Announcement 28 November 2023 Chair’s Address and Managing Director’s Presentation to the 2023 Annual General Meeting Established multi-asset West Australian Lithium company, Global Lithium Resources Limited (ASX: GL1, “Global Lithium” or “the Company”), advises that the Chair’s address and Mana
Slide 2: About Global Lithium
About Global Lithium Global Lithium Resources Limited (ASX:GL1, Global Lithium) is a diversified West Australian lithium exploration and development company with multiple assets in key lithium branded jurisdictions. It’s primary focus is on the 100% owned Manna Lithium Project in the Goldfields and
Slide 3: Global Lithium - Mineral Resources
Global Lithium - Mineral Resources Project (equity) Category Million Tonnes Li2O% Ta2O5 ppm (MT) Marble Bar Indicated 3.8 0.97 53 Inferred 14.2 1.01 50 Total 18.0 1.00 51 Manna Indicated 20.2 1.12 56 Inferred 15.8 1.14 52 Total 36.0 1.13 54 For personal use only Combined Total 54.0 1.09 53 Competent
Slide 4: Chair's Address to the Annual General Meeting of Shareholders
Chair’s Address to the Annual General Meeting of Shareholders 28 November 2023 Welcome to the 2023 Annual General Meeting (AGM) of Global Lithium Resources Limited (ASX:GL1). Firstly the Company acknowledges the Traditional Custodians of the lands on which it operates. I am delighted to be here toda
Slide 5: Favourable Metallurgy
FAVOURABLE METALLURGY Our understanding of the metallurgy at the Manna Lithium Project is rapidly improving. The Project is demonstrating what we believe are some of the best metallurgical characteristics in the WA lithium sector and we are confident it will achieve a 6% spodumene concentrate with h
Slide 6: Infrastructure and Approvals on Track
Global Lithium is positioning itself to take advantage of these geographical benefits. Our expanded Manna exploration camp has been commissioned and is comfortably supporting this year’s exploration team, which has seen up to six drill rigs in operation. The location and infrastructure supporting Ma
Slide 7: The Future
the best talent available to bolster our team and support these upcoming activities is a critical priority for the Company that will determine our success. THE FUTURE Despite what is currently a challenging environment for the lithium sector, Global Lithium is in a strong position to achieve a numbe
Slide 8: Global Lithium Resources 2023 Annual General Meeting
For personal use only GLOBAL LITHIUM RESOURCES 2023 ANNUAL GENERAL MEETING 28 November 2023 Park Business Center, West Perth ASX:GL1 1
Slide 9: Acknowledgement of Country
Acknowledgement of Country For personal use only We acknowledge the Whadjuk people of the Noongar Nation – traditional custodians of this land. We also acknowledge the Kakarra and Nyamal people, traditional owners of the land in which our Manna and Marble Bar Lithium Projects are located. We wish to
Slide 10: Important Notice and Disclaimer
Important Notice and Disclaimer These presentation materials and the accompanying verbal presentation (together, the Presentation Materials) have been • involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated prepared by Global
Slide 11: GL1 Purpose & Values
GL1 Purpose & Values – It’s who we are that matters For personal use only OUR PURPOSE OUR VALUES Empowering people to power the planet SAFETY INNOVATION The standard you walk past is the We empower people to innovate People | Power | Planet standard you accept. for the better. OWN IT TEAMWORK We do
Slide 12: Year in Review
For personal use only Year in Review ASX:GL1 5
Slide 13: Year in Review – 2023 Highlights
Year in Review – 2023 Highlights Exploration Success Definitive Feasibility Favourable Metallurgy For personal use only Study progresses confirmed at Manna • 50,000m CY23 drilling program • DFS now well advanced with • Excellent recovery and at Manna Lithium Project 1 results expected H1 CY24 spodum
Slide 14: Strategic Highlights
Strategic Highlights Multi-asset development JORC compliant Tier 1 For personal use only optionality resources Jurisdiction • Combined Mineral Resource of • Wholly owns 2 of only 14 JORC • Located in world’s best mining 54Mt @ 1.09% Li2O 1 compliant lithium resources in jurisdiction of Western Austr
Slide 15: Lithium Market Update
For personal use only LITHIUM MARKET UPDATE 8
Slide 16: Lithium Demand
Lithium Demand Lithium Demand Forecast by Application 74 Lithium Mines needed by 2035 For personal use only Kt LCE 4,000 BEV Other xEV ESS Consumer electronics 3,500 Industrial Power tools 3,000 Telecoms & data Battery swaps 2,500 2,000 1,500 1,000 500 0 2023f 2024f 2025f 2026f 2027f 2028f 2029f 203
Slide 17: Global Supply vs Demand Balance
Global Supply vs Demand Balance For personal use only Kt LCE Total demand Balance Total supply 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 -500 2021 2022 2023f 2024f 2025f 2026f 2027f 2028f 2029f 2030f 2031f 2032f 2033f Source: Fastmarkets, 10
Slide 18: Corporate People Culture
For personal use only CORPORATE PEOPLE CULTURE 11
Slide 19: GL1 Corporate Snapshot (27 November 2023)
GL1 Corporate Snapshot (27 November 2023) ASX share price performance Millions 8 $3.5 Market Cap Share Price Shares on issue 7 $3.0 For personal use only A$338m A$1.30 260m 6 $2.5 Share Price (A$) 5 Volume (m) $2.0 4 $1.5 Options1 Cash2 Equity in ASX:KAI2&3 3 $1.0 12.07m A$53m $3.9m (10%) 2 $0.5 1 0
Slide 20: The Board
The Board For personal use only Geoff Ron Dr Dianmin Hayley Greg Kevin Jones Mitchell Chen Lawrance Lilleyman Hart Non-Executive Chair Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Company Secretary Current CEO of MACA Current Chair of the LME Founder of Glob
Slide 21: Resource Exploration Growth
For personal use only RESOURCE EXPLORATION GROWTH 15
Slide 22: Manna Lithium Project
MANNA LITHIUM PROJECT For personal use only • 100% owned project • Tier 1 mining jurisdiction • Indicated & Inferred Mineral Resource of 36.0Mt @ 1.13% Li O 2 16
Slide 23: Manna Lithium Project
Manna Lithium Project For personal use only Geology Manna Deposit • Outcropping spodumene • 100% ownership1 bearing pegmatite • Mineral Resource Estimate of • High grade individual pegmatite 36Mt @ 1.13% Li2O2 dykes +20m wide Significant Upside Infrastructure Rich • Exploration upside with • The wor
Slide 24: World Class Location
World Class Location For personal use only Major Mines & City of Kalgoorlie- Trans Australian Projects Boulder Railway Access Road High-speed Data Utilities 18
Slide 25: Manna Exploration Upside
Manna Exploration Upside For personal use only Exploration • Two years of intensive exploration: o CY2022 – 46,000m 1 o CY2023 – 50,000m program underway • Current MRE (36.0Mt @ 1.13%) based on 47,600m of historical and CY2022 drilling 2 • Updated MRE anticipated following CY23 program • Infill dril
Slide 26: Further High-Grade Drilling Results
Further High-Grade Drilling Results Resource Expansion Drilling Extends Strike at Manna For personal use only • Further ~500m mineralised strike added to the North-eastern extension1 • Infill drilling intersecting high-grade spodumene bearing pegmatites • Over 25,000m of the planned 50,000m program
Slide 27: Manna Lithium Project Definitive Feasibility Study
For personal use only MANNA LITHIUM PROJECT DEFINITIVE FEASIBILITY STUDY 21
Slide 28: Favourable Metallurgy
Favourable Metallurgy Ore Sorting Trials Deliver 90% Increase in For personal use only Lithium Grade1 • Excellent visual control between ore (white) and waste (black) Test run elevated head grade from 0.88% Li2O to 1.67% Li2O • Iron reduction of 93% to 0.4% Fe • Potential to expand total minable ton
Slide 29: Definitive Feasibility Study
Definitive Feasibility Study Well advanced with results expected H1 CY241 For personal use only • Final Investment Decision (FID) expected in CY24 • Further Mineral Resource updates to follow incorporating additional +50,000m of drilling • DFS initial metallurgical testwork demonstrates excellent re
Slide 30: Environmental & Native Title Approvals Process on Track
Environmental & Native Title Approvals Process on Track For personal use only Environmental Land Access & Heritage Native Title All fauna and flora surveys have now Completed across entire mining lease Native Title Mining Agreement to support been completed across the project area with no sites that
Slide 31: Mining Lease Application
Mining Lease Application • Mining Lease application (MLA 28/414) lodged with Department For personal use only of Mines, Industry Regulation and Safety (DMIRS) • 13km north of Trans Australian Railway • Area of Mining Lease covers 2,406 hectares which includes: – Manna deposit and potential resource
Slide 32: Another Critical Mineral Discovery: Cardunia Rocks REE Project
For personal use only ANOTHER CRITICAL MINERAL DISCOVERY CARDUNIA ROCKS REE PROJECT 26
Slide 33: REE Discovery
REE Discovery Discovery named Cardunia Rocks For personal use only REE Project1 • Bedrock Rare Earth Elements (REE) hosting mineralised system discovered adjacent to Manna Project Area • High-grade assay result of 24.17% Total Rare Earth Element Oxide (TREO) • Standout drilling results occur over a
Slide 34: Strategic Investment Regional Consolidation
For personal use only STRATEGIC INVESTMENT REGIONAL CONSOLIDATION 28
Slide 35: Strategic Investment
For personal use only Strategic Investment Global Lithium announces multiple acquisitions to significantly expand its regional footprint • Strategic investment and collaboration agreement secured with Kairos Minerals Limited (ASX: KAI) over the Roe Hills Lithium Project • Roe Hills is immediately ad
Slide 36: Manna Milestones
For personal use only MANNA MILESTONES 30
Slide 37: Manna Lithium Project - Key Milestones
Manna Lithium Project - Key Milestones For personal use only Global Lithium Resources CY23 CY24 CY25 CY26 Exploration and Infill Drilling Metallurgy, ore sorting and other technical trails DFS for Spodumene Concentrate Customer Offtake & Funding Strategy Mineral Resource Upgrade Environmental / Nati
Slide 38: Marble Bar Lithium Project
MARBLE BAR For personal use only LITHIUM PROJECT • 100% owned • Tier 1 mining jurisdiction • Inferred Mineral Resource of 18.0Mt @ 1% Li2O 32
Slide 39: Highly Prospective Geological Setting
Highly Prospective Geological Setting For personal use only Geology Resource • Spodumene bearing pegmatite • Inferred Mineral Resource of hosted in greenstone and 18.0Mt @ 1.0% Li2O3 granite contact • Lithium mineralisation in drilling • Similar geological settings to identified over 15km nearby Pil
Slide 40: Community
For personal use only Community 34
Slide 41: Leadership – Experience to drive Culture
Leadership – Experience to drive Culture Ron Mitchell For personal use only Managing Director Simon Corrigan Matt Allen Dr Tony Logan Barber Approvals & Chief Financial Chamberlain GM Geology Corporate Affairs Officer Project Director Advisor Chartered Accountant, Fellow of FinSIA PhD in Metallurgy
Slide 42: Management – Building the Team
Management – Building the Team For personal use only Kim Petrich Phoebe Yan Hilary Mutika Sam Mizzi Natalie Eastough Group Financial Manager Markets & Operations Manager - Senior Package Manager Health & Safety Manager Controller Growth Exploration Monique Stevens Nicole Stein Trevor Ennis-John Gil
Slide 43: Global Lithium – Mineral Resources
Global Lithium – Mineral Resources For personal use only Project Name Category Million Tonnes (Mt) Li2O% Ta2O5 ppm Marble Bar 2 Indicated 3.8 0.97 53 Inferred 14.2 1.01 50 Subtotal 18.0 1.00 51 Manna 1 Indicated 20.2 1.12 56 Inferred 15.8 1.14 52 Subtotal 36.0 1.13 54 Combined Total 54.0 1.09 53 1 R
Slide 44: Contact Us
Contact Us For personal use only RON MITCHELL au.linkedin.com/company/ Managing Director global-lithium-resources +61 8 6103 7488 info@globallithium.com.au @Global_Lithium BEN CREAGH Subscribe to our mailing list at: Media and Investor Relations globallithium.com.au +61 (0) 417 464 233 benc@nwrcommu
Global Lithium Resources — Shareholder Meeting (November 2023) on 6ix