Growing West Australian lithium company Global Lithium Resources Limited (ASX: GL1, 'Global Lithium' or 'the Company') is pleased to announce a maiden Inferred JORC Mineral Resource estimate for its 80%-owned Manna Lithium Project located 100km east of Kalgoorlie in the Goldfields, Western Australia.

The Manna Project is an outcropping pegmatite exploration project located approximately 100km east of Kalgoorlie. The Project has an area of influence of 750m by 130m in the main outcrop (Manna 1) with individual pegmatite dykes drill intersections of up to 17m.

Drilling over an anomalous area 350m to the south of the main outcrop has confirmed spodumene-rich pegmatites at Manna 2. Manna was discovered by Breaker Resources NL (Breaker) (ASX:BRB), which carried out initial drilling of the deposit in 2018.

The Mineral Resource is defined by 3,636m of drilling at relatively shallow depths comprised of 21 reverse circulation drillholes for 3,354m and four diamond drillholes for 282.15m. After acquiring an 80% interest in Manna, GL1 engaged Snowden Optiro to undertake a Mineral Resource estimate using data compiled by Breaker, including the reverse circulation drilling and diamond drilling results.

Lithium mineralisation at Manna is open in all directions demonstrating scope for significant Mineral Resource growth. Global Lithium is completing advanced planning and target generation work for a substantial exploration and drilling program of at least 20,000m.

Global Lithium Chair, Warrick Hazeldine commented, 'This highly encouraging result supports GL1's decision to acquire an 80% stake in the Manna Lithium Project in December 2021, giving the Company its second asset in a Tier 1 jurisdiction. The ability to declare this Mineral Resource estimate at such an early stage in the Company's ownership grows our confidence in the Project ahead of a major targeting and drilling program, which is currently being planned.'

Global Lithium Exploration Manager, Bryan Bourke commented, 'This result builds further momentum for GL1 as we rapidly advance our first asset - the highly prospective Marble Bar Lithium Project in the Pilbara. We will carry out significant exploration programs at both sites in 2022 in parallel with a surging global lithium market that we plan to supply in the coming years. 'Across our two project areas, whilst early days, this result from Manna nearly doubles GL1's overall position in terms of its mineral resources - a huge achievement for a company that only listed on the ASX in May last year. The Mineral Resource has been classified as Inferred on the basis of confidence in the geological and grade continuity, and by taking into account the quality of the sampling and assay data, data density and confidence in the estimation of Li2O and Ta2O5 content.

The drilling database used to define the lithium mineralisation at the Manna deposit comprises 21 reverse circulation (RC) drillholes for a total of 3,354m and four diamond drillholes for a total of 282.15 m. With the further drilling planned the Company expects the maiden Mineral Resource will grow significantly. GL1 is working with consultants Resource Potentials to plan and design a drilling program that will grow the pegmatite resource, further upgrade the resource classification and provide material for additional metallurgical studies. The Company is currently working to obtain the necessary approvals for the drilling program and to plan the logistics for undertaking the drilling.

Geology and Mineralisation Interpretation

Greenstone sequences within the vicinity of the Manna lithium deposit are dominated by mafic and felsicintermediate igneous rocks, with minor sedimentary rocks, of the Kurnalpi Terrane of the Archean Yilgarn Craton. It is thought that the lithium-caesium-tantalum type (LCT) pegmatite swarm, which includes the Manna lithium deposit, is likely to be associated with the Cardunia granitoid body. Mineralisation at Manna remains open in all directions. Weathering of the pegmatite is negligible and fresh spodumene was observed at surface. Eleven sets of anastomosing mineralised pegmatite veins were interpreted. The lithium-mineralised zones of the pegmatites have been defined from geological logging and above a nominal cut-off grade of 0.4% Li2O. The pegmatite veins strike northeast-southwest and dip at -60-degree to -70-degree to the southeast. The main set of eight mineralised pegmatites at Manna 1 have been drilled over an area of 700m by 140m and to a depth of 200m. An additional three pegmatite veins at Manna 2 (to the southeast of Manna 1), have been drilled over an area of 300m by 40m and to a depth of 120m. The individual mineralised pegmatites are 1m to 14m thick and have an average thickness of 3.6m

Contact:

Tel: +61 8 6103 7488

Email: info@globallithium.com.au

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