25 Nov

2021 AGM Chairmans Address and MDs Presentation

Page 1 of 13 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au 25 November 2021 ANNUAL GENERAL MEETING – CHAIR’S ADDRESS Good afternoon Ladies and Gentlemen. Welcome to the inaugural Annual General Meeting of Global Lithium Resources Limited as an ASX listed entity. Global Lithium acknowledges the Traditional Custodians of the land on which the Company operates. In Perth, where we hold our meeting today and co nduct a lot of our business, we acknowledge and pay our respects to Whadjuk Noongar people. In the area of our operations, we pay our respects to the Nyamal people, their Elders past, present and emerging. The Nyamal are a coastal people though their tradi tional lands extend inland from Port Hedland through to Marble Bar and Nullagine. Global Lithium extends our respect to all Aboriginal and Torres Strait Islander peoples. I am very pleased to be here today as this is my first opportunity to speak directly with many shareholders in my role as Chair. As you know, the year included a very important milestone for Global Lithium as we joined the ASX in May, welcoming a number of new shareholders. What is very pleasing to report on the IPO is that according to i ndependent business news publication Stockhead, Global Lithium was rated in the top six performing ASX listings so far in 2021 1 . A fantastic achievement I am su re you will all agree with me. Following our very successful IPO and ASX listing, we have been focussed on executing our growth strategy – we’ve drilled 15,000m in RC and diamond drilling campaigns supported by Dr Jayson M e yers and his team from Resource Potentials – a long term exploration partner of GL1. Other key milestones for shareholders of GL1 include acquiring two highly prospective tenements to the south of the Archer Deposit, and the granting of two tenements to our east. Just last month we ann ounced a step - change transaction introducing Yibin Tian y i , the lithium chemical arm of Contemporary Amperex Technology Co Limited (CATL for short) - the world’s largest EV battery producer - as a cornerstone shareholder as part of a heavily over bid $13.6 million dollar placement. 1 Stockhead article, “IPO Watch: New ASX lithium explorer Green Technology Metals hits bourse with a bang”, dated 10 November 2021 Page 2 of 13 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au We also welcomed a number of institutional shareholders to the register as part of this placement. I’d like to acknowledge our Joint Lead Managers, Argonaut PCF and Euroz Hartleys, for the efficient manner in which they comple ted this step - change transaction and introducing additional capital into GL1 which will allow us to step up our exploration campaign in 2022. Throughout the year we also commenced preliminary metallurgical testwork of core and we continue to monitor and evaluate suitable acquisition opportunities to grow shareholder value. I would like to make mention of Global Lithium’s activities in relation to safety, the environment, and the communities in which we operate. The company’s stated purpose is “to become a leading lithium company in an environmentally, socially and governance responsible manner for shareholders”. We are very committed to that purpose; it is one of our key goals in evaluating all of our activities and I am pleased to report that we contin ue to make progress in developing our Sustainability Plan and we look forward to presenting this to shareholders ahead of the 2022 AGM. We have worked closely throughout the year with the traditional owners of the land, the Nyamal people, and look forwa rd to walking alongside the first nations people and building a lasting relationship in the Pilbara. In terms of safety - employee and contractor safety is a critical priority. We continue to strengthen our processes ensuring robust reporting and safety standards. Turning now to the year ahead, the Board has a positive view. Consumer driven structural change continues to drive demand for lithium upwards and the global market has constrained supply. While we are optimistic, we take nothing for granted. We will remain vigilant and focused on the key value drivers of our business. Importantly, your company will commence the CY2022 with approximately A$20 million in the bank and embarking on the company’s biggest ever exploration campaign aimed at growing the size of GL1’s existing Inferred Mineral Resource. Our MD Jamie Wright will expand on this program in his address. I would like to place on record my sincere thanks to my fellow Board members, our highly supportive shareholders, strategic partners, co ntractors, and staff for their outstanding efforts during the year. Page 3 of 13 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Page 4 of 13 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Page 5 of 13 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Page 6 of 13 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Page 7 of 13 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Page 8 of 13 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Page 9 of 13 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Page 10 of 13 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Page 11 of 13 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Page 12 of 13 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Approved for release by the B oard of Global Lithium Resources Limited. Page 13 of 13 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au For more information: Jamie Wright Managing Director info @globallithium.com.au +61 8 6103 7488 Victoria Humphries Media & Investor Relations victoria@nwrcommunications.com.au +61 (0) 431 151 676 Competent Persons Statement: The information in this announcement that relates to Exploration Results complies with the 2012 Edition of the Australasian C ode for Reporting of Exploration Results, Mineral Resources and Ore Reser ves (JORC Code) and has been compiled and assessed under the supervision of Mr Bryan Bourke , a consultant to Global Lithium Resources Limited . Mr Bourke is a member of the Australasian Institute of Geoscientists. He has sufficient experience that is rele vant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edit ion of the JORC Code. Mr Bourke consents to the inclusion in this announcement of t he matters based on his information in the form and context in which it appears. 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. 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 Mineral Resources in this announcement (refe rencing 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 announc ement 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 . About Global Lithium Global Lithium Resources Limited (ASX:GL1, Global Lithium) is an emerging lithium exploration company with a primary focus on the 100% - owned Marble Bar Lithium Project (MBLP) in the Pilbara region of Western Australia. Global Lithium has defined a maiden Inferred Mineral Resource of 10.5Mt @ 1.0% Li 2 O at its Archer deposit, confirming the MBLP as a significant n ew greenfields l ithium discovery. Directors Warrick Hazeldine Non - Executive Chair Jamie Wright Managing Director Dr Dianmin Chen Non - Executive Director Capital Structure Shares on issue: 1 5 1, 579,181 fully paid ordinary shares (subject to completion of the recent Capital Raising) Options on issue: 4,780,614 options with an exercise price of $0.30 per option and an expiry of 6 May 2025 Performance Rights: 5,000,000 performance rights, subject to cert ain performance milestones
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2021 Listcorp. ABN 60 166 140 307

Never miss news from Global Lithium Resources Limited (ASX:GL1) when you join Listcorp.