For personal use only ASX:GSC · Increased global demand for lithium expected to grow. 1: 70% by 2020 (359kt) 190% by 2025 (534kt) Favourable market conditions for boron 320km from

1 ASX: GSC

Rhyolite Ridge Lithium-Boron Project

Nevada, USA

Global Geoscience Limited ASX:GSC

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Disclaimer

ASX: GSC Global Geoscience Ltd 2

Forward Looking Statements This presentation may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions, it can give no assurance that they will be achieved. They may be affected by a variety of variables and changes in underlying assumptions that are subject to risk factors associated with the nature of the business, which could cause actual results to differ materially from those expressed herein. All references to dollars ($) and cents in this presentation are to Australian currency, unless otherwise stated. Investors should make and rely upon their own enquires and assessments before deciding to acquire or deal in the Company’s securities.

Competent Persons Statement The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled

by Bernard Rowe, a Competent Person who is a Member of the Australian Institute of Geoscientists. Bernard Rowe is an employee and Managing Director of Global Geoscience Ltd. Bernard has sufficient experience that is relevant 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 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Bernard Rowe consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

In respect of Exploration Results and Exploration Targets referred to in this presentation and previously reported by the Company in accordance with JORC Code 2012, the Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements or in this presentation.

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Investment highlights


Over 100 drill holes and 450 trench and rock chip samples

Exploration Target2 : 200-300Mt at 0.6-1.1% Lithium Carbonate Eq. and 0.6-1.2% Boron

Opportunity to rapidly advance project to PFS stage

Target represents less than 10% of total prospective area

Potential for long-life, low-cost domestic source of Lithium lower capital costs and shorter lead time vs. Brine

lower operating costs vs. Pegmatite

Attractive market fundamentals Increased global demand for lithium expected to grow1:

70% by 2020 (359kt)

190% by 2025 (534kt)

Favourable market conditions for boron

320km from Tesla Gigafactory (Nevada)

High quality asset

1. Deutsche Bank – Lithium 101 (9 May 2016)

2. The potential quantity and grade of the Exploration Target is conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource. It is uncertain if further exploration will result in the estimation of a Mineral Resource.

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Global market - Li & B


Lithium Four companies currently produce 85%

of world supply Nearly 60% of world’s identified Li

resources in Bolivia, Chile and Argentina Only one mine in production in the USA Start of the Lithium-ion Age Rapid growth in demand predicted

Driven by Electric Vehicles and Energy Storage

Demand forecast to increase 70% by 2020 and190% by 20251

Lithium-ion battery market predicted to quadruple by 20201

Boron Two companies currently produce majority

of world supply Rio Tinto and Eti Maden AS

Used in glass, fibre glass, ceramic and agriculture industries

Only one mine in production in the USA USA and Turkey main producers Borax US$550-1100/t

Boric Acid US$750-1250/t Colemanite (80% con.) ~ US$350/t

1. Deutsche Bank – Lithium 101 (9 May 2016)

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Demand and price forecasts for Li


Source: Deutsche Bank – Lithium 101 (9 May 2016)

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Nevada


Nevada ranked third in world1

Fraser Institute Survey (independent, non-partisan Canadian think-tank) of 109 jurisdictions

Based on mining investment attractiveness

Tesla Gigafactory Producing batteries for 500,000 electric cars per year

and numerous homes Local raw material needed 320km by sealed road

Infrastructure 20km from State Hwy and power

Strong Local Experience Over 10 years of operations in Nevada

1. Fraser Institute Survey of Mining Companies, 2015

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Project Highlights


Large Property

22km2, one owner, no royalties

Excellent access and infrastructure

Substantial Exploration

Over 100 drill holes completed

Exploration Target1

200-300Mt at 0.6-1.1% Lithium Carbonate Eq.

and 0.6-1.2% Boron

Excellent Potential for More

Less than 10% of the total prospective area has

been drilled

North Basin

South Basin

1. Refer to Exploration Target statement on Page 3

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Major Structure

Exploration Results

8 Global Geoscience Ltd ASX: GSC

UTM Z11 NAD27

Extensive exploration pre-2011

100+ drill holes at 2 separate areas

South Basin

36 holes targeting lithium 2010-2011 (JOGMEC)

2 distinct mineralised zones (upper and lower)

Sub-horizontal to gently dipping

Upper zone outcrops on western margin

Mineralisation open in all directions

North Basin

57 holes targeting boron 1980’s (US Borax)

Second largest borate deposit in the USA according

to US Borax at the time

Lithium was not a focus

North Basin 13km2

Drilling by US Borax 1980’s 57 holes targeting boron

South Basin 9km2

Drilling by JOGMEC 2010-2011 36 drill holes targeting lithium Exploration Target area F

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Major Structure

South Basin


UTM Z11 NAD27

South Basin Exploration Target1

200-300Mt

0.6-1.1% Lithium Carbonate Equivalent (LCE)

0.6-1.2% Boron

36 drill holes 2010-2011

38.1m at 1.22% LCE and 0.8% B from 88.4m


48.8m at 1.08% LCE and 0.7% B from 108.2


Trench and Rock Chip samples average

0.8% LCE and up to 1.6% LCE

0.5% boron and 1% strontium

Untested Potential

High-grade mineralisation in outcrop west of drilling

Mineralisation open in all directions

No targeting of high-grade mineralisation to date 1. Refer to Exploration Target statement on Page 3

Map Projection: UTM Zone 11 NAD27 For

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Mineralised outcrop at Rhyolite Ridge


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Immediate Work and Milestones


July 2016

Complete Due Dilgence

Commence Lease

Commence mineral resource drilling (infill and confirmation)

Commence preliminary metallurgy and process study

3 – 6 months

Drilling and metallurgy results

Mineral Resource estimate

Commence PFS

2017

Exercise option to acquire 100% interest

Complete PFS

Commence FS

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Key Acquisition Terms


12 month option - 100% interest, no royalties

30 day due diligence period

Consideration: US$300K cash + US$1.5M in Global shares* payable on completion of the due diligence

period;

US$200K cash + US$1.5M in Global shares* payable on exercise of the option;

US$1.0M in cash or Global shares* (vendor election) payable on the 2nd anniversary of the date of the agreement; and

US$3.0M in cash or Global shares* (vendor election) payable on announcement of decision to develop a mine at the Project

During 12 month option period Global will lease the project from sellers and must spend a minimum of US$1M on exploration

*The number of Global shares to be issued will be determined using the 30 trading day VWAP for Global shares (15 trading days on either side of the relevant payment date) and an exchange rate of A$1:US$0.75. The first two tranches of shares will be subject to 6 months voluntary escrow. All shares issued subject to Global shareholder approval.

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Summary


Global lithium demand forecast to increase 190% by 2025

Nevada 3rd most attractive area for mining investment globally

High quality asset

22km2, with over 100 drill holes completed

Exploration Target1 200-300mt 0.6-1.1% Li2CO3 and 0.6-1.2% B

Significant exploration upside, <10% of prospective area drilled

Completion of transaction and commence work July 2016

PFS to commence 2016 and be complete 2017

GSC low market cap relative to peers

1. Refer to Exploration Target statement on Page 3

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Appendices

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Corporate Overview

Global Geoscience Ltd 15

Directors

Bernard Rowe Managing Director

Patrick Elliott Non-Exec Director

Gabriel Chiappini Non-Exec Director

Barnaby Egerton-Warburton

Non-Exec Director

ASX: GSC

Capital Structure

Shares 857M

Options 78M

Share Price $0.03

Market Cap. $26M

Major Shareholders

Top 20 68%

Directors 8 % For

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Company Type Stage Market Cap $M Location

Orocobre ASX.ORE Brine Producer 990 Olaroz, Argentina

Galaxy Resources ASX.GXY Pegmatite Brine

Producer 670 Various

Neometals ASX.NMT Pegmatite Producer 280 Mt Marion, Australia (14%)

Pilbara Mines ASX.PLS Pegmatite FS 780 Pilgangoora, Australia

Altura Mining ASX.AJM Pegmatite FS 260 Pilgangoora, Australia

Nemaska Lithium TSX.NMX Pegmatite FS 310 Whabouchi/Quebec, Canada

Bacanora Minerals TSX.BCN Clay PFS 200 Sonora, Mexico (80%)

Dakota Minerals ASX.DKO Pegmatite Exploration 43 Pilgangoora, Australia

Pure Energy Minerals TSX.PE Brine Inferred Resource

40 Nevada, United States

American Lithium TSX.Li Brine Exploration 45 Nevada, United States

Pioneer Resources ASX.PIO Pegmatite Exploration 40 Ontario, Canada and WA, Australia

Global Geoscience ASX.GSC Clay Exploration Target

26 Nevada, United States

Peer Valuations


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Brine Liquid

Clay Hard Rock

Pegmatite Hard Rock

End Product Lithium Carbonate (Li2CO3)

Lithium Carbonate (Li2CO3)

Spodumene Concentrate (6% Li2O)

Value of End Product (US$/t)

6000 6000 450

Typical Grade 500-1000mg/L Li 1.0 – 1.5% Li2CO3 1.0 – 1.5% Li2O

Typical Cash Costs ($pt Li2CO3)

2000-3000 2500-3000 3500-5000

Lithium Deposit Types Compared


Clay deposit typically have lower Operating Costs compared to Pegmatite deposits and lower Capital Costs compared to Brine deposits.

Operating Costs for Clay deposits comprise mainly (70%) processing costs when roasting is required

Potential for much lower Operating Costs if ore can be leached without roasting

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Lithium Deposit Types Compared


Source: Bacanora Minerals

Estimated Cash Costs US$ per t LCE

LCE Cost Curve For

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Bacanora Minerals (TSX.BCN)

Orocobre (ASX.ORE)

Pilbara Minerals (ASX.PLS)

Deposit Type Clay Brine Pegmatite

End Product Lithium Carbonate (Li2CO3)

Lithium Carbonate (Li2CO3)

Spodumene Concentrate (6% Li2O)

Value of End Product (US$/t) 6000 6000 450

Reserve or Resource (Orocobre only) 130Mt at 3000ppm Li, 1.28% K

1.7km3 690mg/l Li, 5730mg/l K, 1050mg/l B

29.5Mt at 1.31% Li2O and 134ppm Ta2O5

Annual Production (Ktpa Li2O concentrate) NA NA 330

Annual Production (Ktpa Li2CO3 ) 35 17 NA

Cash Costs ex-credits (US$pt Li2O) NA NA 254

Cash Costs ex-credits (US$pt Li2CO3) 2700 2500 NA

Initial Cap Ex (US$M) 240 229 140

EBITDA per annum (US$M) 134 60 (GSC estimate)

90

Peer Deposit Comparison


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Contacts


Darien Jagger Joint Managing Director Cygnet Capital Pty Ltd. T: +61 8 9226 5511 E: [email protected]

Bernard Rowe Managing Director Global Geoscience Ltd T: +61 2 9922 5800 E: [email protected]

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Documents

For personal use only ASX:GSC · Increased global demand for lithium expected to grow. 1: 70% by 2020 (359kt) 190% by 2025 (534kt) Favourable market conditions for boron 320km from