25 Nov

Positive Lithium Assay Results

Page 1 of 16 | ACN 626 093 150 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au 25 November 2021 POSITIVE LITHIUM ASSAYS RESULTS POINT TO SIGNIFICANT EXTENSION OPPORTUNITY FOR MARBLE BAR LITHIUM PROJECT Key Highlights : • Significant initial li thium assay results received for the CY4Q Exploration Program at the Marble Bar Lithium Project (MBLP). • While only a small number of results (from 14 drillholes) have been received to date, recent RC drilling in the Marble Bar Road reserve has highlight ed m ultiple lithium intersections that demonstrate the potential to grow the MBLP and extend the Archer deposit , including: — 14 m @ 1. 14 % Li 2 O and 4 4 ppm Ta 2 O 5 from 11 m in MBRC 0181 ; — 8m @ 0.97% Li 2 O and 53 ppm Ta 2 O 5 from 51m in MBRC0182 (not true width, downhole length only) ; — 12m @ 0.64% Li 2 O and 50 ppm Ta 2 O 5 from 54m in MBRC 0177 ; and — 4m @ 1.55% Li 2 O and 70 ppm Ta 2 O 5 from 37m in MBRC0 174 • This area was targeted to follow up MBRC0135, which intersected 28m @ 1.51% Li 2 O and 46ppm Ta 2 O 5 from 69m (down hole length, true width not known) 1 and demonstrates the potential growth in the emerging Archer deposit in this area , which remains open along strike and at depth. • The CY4Q RC d rilling continues at the MBLP , with 7 4 holes for 7,995 m completed to 2 3 November 2021 with the majority of samples yet to be assayed . • Many existing and newly identified lithium targets remain untested and will be a focus for the CY2022 program planned to commence in Q 1 2022. • Exploration on the southern tenements continues to advance rapidly, with newly acquired aeromagnetic data currently being assessed and assay results from the recent soils survey program anti cipated in Q1 20 22. • Preliminary metallurgical testwork continues on schedule, with first stage dense media separation ( DMS ) results targeted for Q1 2022 . 1 Refer ASX release titled “ Assays confirm lithium mineralisation extends over 6km”, dated 28 July 2021. Page 2 of 16 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Growing l ithium explorer , Global Lithium Resources Limited ( ASX: GL1 , Global Lithium or the Company ) is pleased to report significant initial lithium assay results from its ongoing CY4Q Exploration Program underway at the Company’s wholly owned MBLP, located 150km southeast of Port Hedland, in the Pilbara region of Western Australia . Gl obal Lithium Managing Director Jamie Wright said , “ Our drilling earlier in 2021 and our subsequent targeting all suggested that the Marble Bar Road reserve offered significant exploration potentia l. We have been excited by what we have been seeing in this area and these initial assays clearly demonstrate the growth potential of the MBLP. Whilst only a small portion of assays have been received to date, the results we are seeing are very encouraging. The initial assay results , combined with the discovery of a new pegmatite zone within the road reserve so close to Archer , certainly highlight s the underexplored nature of the MBLP. While our 2021 drilling program continues at MBLP, we are now looking ahead now to our 2022 program which will include follow up drilling of many of our untested existing, and newly identified targets. In additio n, we will be focusing on exploration at our southern - most tenements where we have carried out aeromagnetic surveys and soil sampling programs. ” A ssays have now been received from the first 14 RC holes , comprising 1,770m of drilling , targeting lithium at the MBLP . This drilling focused initially on the Marble Bar Road reserve where previous RC drillhole MBRC0135 returned 28m @ 1.51% Li 2 O and 46ppm Ta 2 O 5 from 69m (down hole length, true width not known) . The se road reserve intersections have d emonstrated a new zone of stacked pegmatite s containing lithium in spodumene next to the existing Archer Mineral Resource . While more complex than previously understood, the area is highly prospective, remains open and will be an important follow up target in CY2022. Importantly, significant intercepts were encountered in nine of the first fourteen drillholes ( Figure 1 , Figure 2 and Figure 3 ) , indicating a highly prospective target with strong potential for future growth a nd providing further evidence that the MBLP is continuing to emerge as a significant spodumene lithium deposit in a premier hard rock lithium mining jurisdiction. This current RC drilling program has been designed to seek to test extensions to the Archer deposit, as well as follow up on a number of targets identified in the RC program completed earlier this calendar year and to draw on targeting work completed within the broader MBLP area. Page 3 of 16 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Figure 1 : Map showing select RC drilling intercept s from the recent RC drilling targeting the Marble Bar Road reserve , based on a lower cut - off grade of 0.4% Li 2 O . Page 4 of 16 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Figure 2 : Cross section through 7666775mN . Figure 3 : Cross section through 7666620mN . The initial assay results and discovery of a new pegmatite zone within the road reserve so close to Archer highlight s the underex plored nature of the MBLP. Page 5 of 16 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au RC drilling is planned to continue until early December 2021 , with the remaining lithium assays anticipated in Q1 2022 subject to lab turnaround time. Results from this program will be incorporated into an updated Mineral Resource at this stage anticipated in late Q1 2022. The MBLP is situated close to major roa d infrastructure, with direct links into Port Hedland , where bulk commodities, including spodumene concentrate , are currently being exported ( Figure 4 ). The MBLP is also located approximately 15km from the town of Marble Bar, which provides ready access to services and skills. Global Lithium is well funded with a cash balance of $ 7.3 million as at 30 September 2021 and has recently announced a heavily overbid $13.6 million capital raising 2 . Figure 4 : Marble Bar Lithium Project location map . Approved for release by the B oard of Global Lithium Resources Limited. 2 Refer ASX release titled “ $13.6m Raising – Yibin Tianyi Cornerstone Shareholder”, dated 1 November 2021. Page 6 of 16 | 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 Reserves (JORC C ode) 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 relevant to the s tyle 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 the matters ba sed 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 Rep ort 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 relev ant market announce ments, 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 (referencing previous release s 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 new 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: 151,579,181 fully paid ordinary shares 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 certain performa nce milestones Page 7 of 16 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Table 1: RC d rilling summary for the program carried out at the MBLP in October 2021 (where assays have been received) . Hole ID Easting (MGA50) Northing (MGA50) RL (m) Dip (degrees) Azimuth (degrees) Total D epth (m) MBRC0169 797678 7668000 175 - 60.2 272.8 105 MBRC0170 797804 7668003 162 - 60.3 271.1 111 MBRC0171 797899 7668000 158 - 60.0 270.0 105 MBRC0172 796702 7666859 177 - 60.8 273.7 153 MBRC0173 796682 7666783 171 - 60.1 273.5 129 MBRC0174 796720 7666781 169 - 60.5 275.3 141 MBRC0175 796743 7666864 177 - 60.2 273.6 183 MBRC0176 796781 7666857 179 - 60.2 272.4 213 MBRC0177 796690 7666702 193 - 60.6 273.7 99 MBRC0178 796763 7666699 174 - 60.4 272.9 153 MBRC0179 796800 7666779 193 - 60.7 269.9 177 MBRC0180 796665 7666658 194 - 60.86 271.37 63 MBRC0181 796644 7666622 180 - 60.04 273.43 45 MBRC0182 796656 7666622 177 - 90 0 93 Table 2: Significant Drillhole Lithium Oxide Intercepts (1) Hole_ID Easting Northing From (m) To (m) Thickness (m) Li 2 O (%) Ta 2 O 5 (ppm) Fe (%) MBRC0172 796702 7666859 52 53 1 1.04 44 0.54 MBRC0172 796702 7666859 57 59 2 1.00 54 0.33 MBRC0174 796720 7666781 30 31 1 0.82 66 0.65 MBRC0174 796720 7666781 37 41 4 1.55 70 0.48 MBRC0174 796720 7666781 78 81 3 0.87 36 1.35 MBRC0175 796743 7666864 2 3 1 0.54 58 0.70 MBRC0175 796743 7666864 78 81 3 0.69 44 0.67 MBRC0175 796743 7666864 130 132 2 0.66 47 0.48 MBRC0176 796781 7666857 22 24 2 2.56 27 0.42 including (2) 22 23 1 3.49 12 0.30 MBRC0176 796781 7666857 145 146 1 0.62 36 0.45 MBRC0177 796690 7666702 8 13 5 0.79 59 0.55 MBRC0177 796690 7666702 54 66 12 0.64 50 0.66 MBRC0179 796800 7666779 45 47 2 0.71 226 4.02 MBRC0179 796800 7666779 141 142 1 1.38 40 0.66 MBRC0180 796665 7666658 37 39 2 0.86 1 4 0.49 MBRC0181 796644 7666622 11 25 14 1.14 4 4 0.87 MBRC0182 796656 7666622 51 59 8 0.97 53 0.42 (1) Significant intercepts calculated at a 0.4% Li 2 O cut - off grade, minimum 1m thickness and widths including up to 2m internal dilution. (2) Significant high - grade intercept calculated using a 3. 0% Li 2 O cut - off grade, minimum 1m thickness and width including up to 2m internal dilution . Page 8 of 16 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au JORC Code, 2012 Edition – Table 1 Report Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections) Criteria JORC Code explanation • Commentary Sampling techniques • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. • Reverse circulation (RC) drilling was used as the primary drilling type. • RC cuttings were continuously sampled at 1 m intervals through all pegmatite intercepts including at least 2 m of host rocks above and below each intercept. • Drill samples were logged for recovery, moisture, lithology (+ %), miner alogy (+ %), weathering, grainsize. • RC samples were collected from the drill rig cyclone using a cone splitter in numbered calico bags, which were then place d in sealed polyw ea ve bags, and then into sealed bulka - bags for transport to the assay laboratory i n Perth . • Drill samples were crushed and riffle split to 2 to 2.5 kg for pulverising to 80% passing 75 microns. Prepa red samples were fused with sodium peroxide and digested in dilute hydrochloric acid. The resultant solution was analysed using ICP by Jin ning Testing and Inspection Laboratory in Perth. • The assay technique is considered to be robust as the method used offers total dissolution of the sample and is useful for mineral matrices that may resist acid digestions. • Rock Chip samples of 1 - 2kg were co llected by Resource Potentials staff and submitted for analysis utilising the same assay techniques as RC drill samples. Rock chips are random, subject to bias and often unrepresentative for the typical widths required for economic consideration. They are by nature difficult to duplicate with any acceptable form of precision or accuracy. • Rock Chip samples were collected with the aim of identifying prospective Li bearing pegmatite trends for future drill testing. Page 9 of 16 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Criteria JORC Code explanation • Commentary Drilling techniques • Drill type (eg core, reverse circulation, open - hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face - sampling bit or other type, whether core is oriented and if so, by what method, etc). • RC drilling was undertaken by Profile Drilling using 4.5 - inch (140 mm) rods using a 5. 5 - inch (150 mm) diameter face sampling hammer . • All RC drill holes were angled at approximately - 60 degrees, drilled to 270 degrees (west) unless otherwise noted in the drill ing statistics presented in Table 1 . Drill sample recovery • Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. • Sample c hip recovery for RC drilling was visually estimated. Sample c hip recovery is very good through the interpreted mineralised zones and is estimated to be greater than 80%. • RC drilling utilised an on - board compressor and auxiliary booster to keep samples dry and maximise recoveries. • No relationship between grade and recovery has been identifie d . Logging • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. • Geological logs exist for all drill holes with lithological codes via an established reference legend. • Logging and sampling has been carried out to industry standards support a Mineral Resource estimate. • Drill holes have been geologically logged in their entirety. Where logging was detailed, the subjective indications of spodumene content were estimated an d recorded. • All drill holes were logged in full, from start to finish of the hole. Sub - sampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half or all core taken. • If non - core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub - sampling stages to maximise representivity of samples. • Measu res taken to ensure that the sampling is representative of the in - situ material collected, including for instance results for field duplicate/second - half sampling. • Dry RC samples were collected at 1 m intervals and cone split from the rig cyclone on - site to produce a subsample less than 5 kg. • Sample preparation is according to industry standard s , including oven drying, coarse crush, and pulverisation to 80% passing 75 micr ons. • Field duplicate samples , field standards, laboratory standards and laboratory repeats were used to monitor quality of analyses. • Sample sizes are considered to be appropriate and correctly represent the style and type of mineralisation. • Rock chip samples were taken whole to the laboratory, crushed and riffled to obtain a sub - fraction and assayed using the same lab and method as the RC samples . The sample size was Page 10 of 16 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Criteria JORC Code explanation • Commentary • Whether sample sizes are appropriate to the grain size of the material being sampled. considered appropriate for reconnaissance sampling for lithium mineralisation. Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Na ture of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. • The assay technique is considered to be robust as the method used offers total dissolution of the sample and is useful for mineral matrices that may resist acid digestions. • Multielement analysis was carried out on all samples for the following elements: Al, Be, Ca, Cs, Fe, Ga, K, Li and Li2O, Mg, Mn, Mo, Nb, P, Rb, S, Si, Sn, Ta, Ti and V. Verification of sampling and assaying • The verification of significant intersections by either independent or alternative company p ersonnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data. • The 2021 RC drilling campaign was supervised by Resource Potentials staff. • The Li assays from previous programs show a marked correlation with the mineralised pegmatite intersections via elevated downhole grades. • There were no twin holes drilled during the RC program in 2021. • Drill logs exist for all ho les as electronic files and hardcopy. Logging was completed on paper logs at time of drilling and electronically sent to Perth daily for data - entry to digital logs. • All digital logs are exported to an external Database Administrator, validated and loaded to a database and validated prior to use. • No adjustments made to primary assay data. Location of data points • Accuracy and quality of surveys used to locate drill holes (collar and down - hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control. • Prior to drilling, collar coordinates are situa ted using handheld GPS (considered accurate to within 4 m). • DGPS collar survey ing is planned to be completed post program to improve accuracy , and them will be draped onto a high resolution digital elevation model. • Grid used is MGA94 datum and Zone 50 SUTM (“MGA”) projection . • All RC holes have been surveyed with an Axis Champ north seeking gyro to determine hole deviation. • Rock chip sample locations were recorded using a handheld GPS Page 11 of 16 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Criteria JORC Code explanation • Commentary (+/ - 5m accuracy) . Data spacing and distribution • Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • W hether sample compositing has been applied. • First pass exploration drilling has not been drilled on a grid pattern, rather drilling has been conducted on targeted lines across geochemical anomalies , outcropping pegmatite dykes and extension (+ infill) of previous drill lines on a grid pattern . • Drill spacing varies between a 100m by 50m grid in selected areas , through to 400m by 50m grid. Exploration holes targeting specific geochemical, outcrops or structural targets are not on a uniform grid sp acing. • Historic (BCIM) drilling undertaken was very close spaced (nominal 10 m apart) along 4 separate lines targeting outcrop and geochem ical anomalies. • Soil grid: 400 m by 100 m (majority), 200m by 100m (selected areas), 50m by 50m (small southern area). • No sample compositing was applied. • The rock chip data are not appropriate for use in estimating a Mineral Resource and are is not intended for such use . Orientation of data in relation to geological structure • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. • Drilling has been angled to achieve the most representative ( near perpendicular) intersections through mineralisation (i . e. angled holes for moderately dipping pegmatite bodies). • The excepti on is MBRC0135 , which was drilled obliquely to the interpreted dip of the pegmatite, in order to test an area constrained by access to the Marble Bar Road reserve . • The identified target lithium bearing pegmatite dykes are generally moderately dipping (30 ° to 50°) eastwards in nature. The true width of pegmatites is generally considered 80 % to 90% of the intercept width, with minimal opportunity for sample bias. • Rock chips were randomly collected at selected sites of outcropping pegmatite and it is not know n if the results are biased. Sample security • The measures taken to ensure sample security. • The drill samples were collected from the drilling rig by experienced personnel, stored securely and transported to the laboratory by a registered courier and handed over by signature. Page 12 of 16 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Criteria JORC Code explanation • Commentary Audits or reviews • The results of any audits or reviews of sampling techniques and data. • No audits have been undertaken to date. Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) Criteria JORC Code explanation Commentary Mineral tenement and land tenure status • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operat e in the area. • The Marble Bar project lies entirely within exploration licences (EL 45/4309, EL 45/4328 , EL 45/4631 , E45/5843, E45/5812, E45 /4724, E45/4669 ) wholly owned by Global Lithium Resources Limited . • The Archer lithium deposit is situated entirely within tenement EL 45/4309. • RC drillholes MBRC0157 - MBRC0 168 were drilled to target gold and base metal mineralisation and are located on E45/4631, with all other RC drillholes targeting lithium mineralisation on E45/4309. • All tenure is wholly owned by Global Lithium Resources Limited . • The portfolio of mineral tene ments, comprising seven granted exploration licences are in good standing. Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties. • Mineral exploration over the Marble Bar project area has been undertaken for a numbe r of commodities , including gold, base metals, diamonds, tin and tantalum by various companies since the 1960s. • Cominco Exploration Pty Ltd (Cominco) explored the area for Witwatersrand style gold and uranium mineralisation during the late 1960s. Poor dri lling results led Cominco to surrender the ground. • Endeavour Resources Limited (Endeavour) undertook exploration for alluvial, eluvial, deep lead and pegmatite hosted tin - tantalum mineralisation in the area between 1965 and 1985. • Haoma Mining NL and joint venture partner De Beers explored the area for di amonds during the late 1990s to early 2000s. Page 13 of 16 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Criteria JORC Code explanation Commentary • Montezuma Mining Company Limited (Montezuma) held the licences covering the current Marble Bar project area in 2006. Work by Montezuma included a small rock chip sampling program and the collection and assayi ng of over 2,000 soil geochemical samples. Montezuma defined some discrete >80 ppb gold anomalies in the northeast portion of E45/4309. • Lithex Resources Limited (Lithex) acquired the Project area in August 2010 and completed a geological mapping and rock chip sampling program, which was then followed up by auger sampling program and later a reverse circulation (RC) drilling program over the area of the Moolyella Tin Field to the southeast of the p roject area . Lithex relinquished the tenements in 2013. • In 2017, BCI Minerals Limited (BCIM) conducted a series of exploration programs within the Marble Bar project area, initially completing gold exploration activities in the northern region of the tenements. Detailed geological mapping, rock chip and soil samp ling programs were completed which identified prospective gold bearing trends with a total strike length of 22 km exhibiting rock chip assay results of greater than 3 g/t gold. This work led to a small and shallow, 11 hole RC drilling program (for 796 m) in early 2018 which provided encouraging results. • BCIM also completed preliminary lithium exploration work during early to mid - 2018. Initial and extensive soil geochemical sampling was conducted by BCIM at 400 m by 100 m spacing over the southern extents of tenement E45/4309, targeting an area immediately northwest of the Moolyella Monzogranite. Further infill soil sampling at 100 m by 100 m was then completed. • The geochemical sampling programs identified the Archer D eposit area, leading to further geological mapping which identified multiple outcroppings of spodumene - bearing pegmatites with a general north - south strike orientation. A program consisting of 21 sh allow RC drill holes (MBRC0012 to MBRC0032) was then conducted in late 2018 along four drill lines totalling 474 m. These drill lines targeted the geologically mapped spodumene - bearing pegmatites. Based on the promising lithium grades reported for the Ar cher deposit area, Page 14 of 16 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Criteria JORC Code explanation Commentary BCIM completed its sale of the Marble Bar tenements to Global Lithium Limited (GL1) in 2019 • After acquiring the project in 2019, GL1 has completed several RC drilling campaigns resulting in the declaration of Mineral Resources. Geology • Deposit type, geological setting and style of mineralisation. • The project lies in a pegmatite field hosted in the North Star Basalt and Jenkins Granodiorite. The prospective area for LCT pegmatites has been traced over a >20km 2 area. • Within this area, the Company has discovered the Archer deposit, comprising a series of shallow dipping pegmatite bodies with lithium mineralisation predominantly by way of spodumene hosted pegmatites. • These pegmatites have been the focus of exploration by the Company . • The MBLP pegmatites have intruded the greenstone belt North Star Basalt , which lies between the Homeward Bound G ranite and Jenkins G ranodiorite. The source fluids are generally accepted to have come from the Split Rock Supersuite granites located to the south east of the project area, locally referred to as the Moolyella Granite, and which probably extend s beneath the project area itself. Drill hole Information • A summary of all information material to the understanding of the exploration results including a t abulation of the following information for all Material drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth o hole length. • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly exp lain why this is the case. • Refer Drilling Table 1 above. • RL is poorly constrained by hand - held GPS and will be updated to a DGPS system accurate to within <10cm once the survey is complete , and hole collars will be draped onto a high resolution digital ele vation model computed from orthophotography using a drone survey method. Page 15 of 16 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Criteria JORC Code explanation Commentary Data aggregation methods • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut - off grades are usually Material and should be stated. • Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be sta ted and some typical examples of such aggregations should be shown in detail. • The assumptions used for any reporting of metal equivalent values should be clearly stated. • No cutting to intercept grades has been undertaken. • No aggregation of samples undertak en. • Assays are reported as pure elements such as Li, Ta, Nb and Sn , and converted to oxides using atomic formulas. Relationship between mineralisation widths and intercept lengths • These relationships are particularly important in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’). • All drilling is angled and / or vertical . • The lithium bearing pegmatites identified to date are generally moderately dipping (30° to 50°) eastwards in nature. The true width of pegmatites is generally 80% to 90% of the intercept width, with minimal opportunity for sample bias. • The exception is MBRC0135, which was drilled obliquely to the interpreted dip of the pegmatite, to test an area constrained by access due to the Marble Bar Road. Diagrams • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. • Refer to the T able and F igures in the report . Balanced reporting • Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. • All available exploration results rela ted to the RC drilling program and rock chip samples have been reported. Other substantive exploration data • Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating • All meaningful and material data ha ve been reported either within this JORC table or within the body of the release above. Page 16 of 16 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Criteria JORC Code explanation Commentary substances. Further work • T he nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large - scale step - out drilling). • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future dri lling areas, provided this information is not commercially sensitive. • The cumulative results provided by the RC drilling program and rock chip sampling will be used to plan further drilling and the re - estimation of Mineral Resources and future feasibility studies. • Targeting studies and field mapping are ongoing, and this work will be supported by a recently completed drone orthophotography and digital elevation survey. • Heritage surveying will be undertaken for land access to some target areas for further drilling.

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