Global Energy Metals’ Partner Metal Bank Reports Thick, High-Grade Graphite at the Millennium Copper Cobalt GOLD Project, Australia
GLOBAL ENERGY METALS’ PARTNER METAL BANK REPORTS THICK, HIGH-GRADE
GRAPHITE AT THE MILLENNIUM COPPER COBALT GOLD PROJECT, AUSTRALIA
Vancouver, BC / TheNewswire / November 25, 2024 / Global Energy Metals Corpora Ron
TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals” , the “Company” and/or
“GEMC”), a mul’-jurisdic’onal, mul’-commodity cri’cal mineral explora’on, development and
project genera’ng company focused on growth-oriented projects suppor ’ng the global
transi’on to clean energy, is pleased to report partner funded and opera’ng explora’on results
at its Millennium Cu-Co-Au Project in northwest Queensland, Australia has demonstrated
significant and extensive graphite results. This follows high grade graphite results from a mid
2024 drilling campaign, of which joint venture partner Metal Bank ini ’ated a program to re-
assay selected 2022 Cu-Co-Au drill samples.
Highlights
• Thick, high grade intersec’ons returned from graphite analysis of previous Cu-Co-Au drilling
samples including:
o 56m @ 18.29% graphite from 66m (MI22RD01)
o 20m @ 14.05% graphite from 64m (MI22RD02)
o 49m @ 12.97% graphite from surface, and 14m @ 18.88% graphite from 64m (MI22RD06)
• Graphite intersected in drilling over >2km of strike on granted mining leases
• Significant intersec’ons within and adjacent to the pit model for the exis’ng 8.4Mt @ 0.09%
Co, 0.29% Cu and 0.12g/t Au for a 1.23% CuEq JORC Resource,
• Further metallurgical and drilling work in planning, to unlock addi’onal value on Millennium
Project
Mitchell Smith, CEO and Director commented:
“Results like this reaffirm Global Energy’s strategic alignment with industry experts, both
technically and jurisdic?onally, like Metal Bank such that our Company benefits from significant
new findings from operator funded explora?on that strengthen an already proven resource in
the cri?cal mineral space. Now is the ?me to have investment coverage to the raw materials
electrifying our future and Global Energy is well exposed through its project, royalty and equity
porIolio posi?ons.”
Further commenRng on these results, Metal Bank ExecuRve Chair, Inés Scotland said:
“We are on record sta’ng we are unlocking and adding value to our Australian projects and this
is a fantas’c demonstra’on of low cost work that adds a large amount of value to our
Millennium project. These intersec’ons are near surface, over more than 2km of strike and are
within or immediately adjacent to the current pit modelling and what was previously
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characterised as barren waste rock in our Cu-Co-Au Resource. With the median grade of
graphite deposits globally around 7.7% (USGS, 2024) and the average lithium ba eery having
20-30x the graphite content vs lithium, there is guy demand for this cri’cal mineral.
We will con’nue to assess graphite poten’al, including metallurgy and further drilling, to add
further value for the Millennium Cu-Co-Au project.”
Table 1: Millennium 2022 TGC% summary results
NB: All intervals downhole weighted mean, 1m minimum width, 5% TGC minimum cut-off and
5m maximum internal dilu?on. Composite intervals >10% TGC reported separately. See Table 2
for all results.
Millennium Work Summary
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Following high grade graphite results of up to 5.8m @ 17.4% TGC2 being returned from
diamond drilling earlier in the year, Metal Bank undertook a review of previous drill samples
from its 2022 Cu-Co-Au drill campaign. This review iden ’fied 417 previously sampled and
assayed intervals which were submieed for Total Graphi’c Carbon (TGC) analysis.
All samples assayed for TGC returned posi’ve graphite results, with significant graphi’c carbon
intersected over broad intervals from surface, most notably in the south and west of the project
in the hanging wall of the Millennium Cu-Co-Au mineralisa ’on. Notable intersec’ons are
presented in Table 1, and include:
• 56m @ 18.29% TGC from 66m (MI22RD01),
• 20m @ 14.05% TGC from 64m (MI22RD02), and
• 49m @ 12.97% graphite from surface and 14m @ 18.88% TGC from 64m (MI22RD06) (Figures
1-3).
Graphite has now been demonstrated over >2km of strike and with signi ficant widths which
remain open to the west and at depth.
Figure 1: Millennium project overview showing graphite results, drill holes and 2023 Cu-Co-Au
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Mineral Resource model outline.
Importantly, all graphite intersec’ons are within or immediately adjacent to the proposed pit
model of the 2023 Mineral Resource (Figures 1-3) and on granted mining leases.
It should be noted that the majority of drill holes were not ideally located to test for graphite
due to the short Cu-Co-Au resource-focussed nature of the 2022 drilling campaign, with best
results occurring in the pre-collar holes to deeper resource expansion drill holes.
Drilling results also correlate with previous high grade graphite rock chip samples in the area,
and other limited graphite sampling throughout the project area.
Figure 2: 7722700N cross-sec?on showing exis?ng Cu-Co-Au resource, previous drilling and
recent graphite re-assay results from MI22RD01 pre-collar hole
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Figure 3: 7722900N cross-sec?on showing exis?ng Cu-Co-Au resource, previous drilling and
recent graphite re-assay results from MI22RD06 pre-collar and MI22RC02 resource holes
NW Queensland District Graphite Development
Millennium is strategically located between other NW QLD graphite development projects
which are currently undergoing consolida’on (Figure 4). The Corella deposit is located 14km to
the south(13.5Mt @ 9.5% TGC) and the Burke deposit 107km due north (9.1Mt @ 14.4% TGC)3
of Millenium, both held by Lithium Energy (ASX: ‘LEL’), and the Mt Dromedary deposit (7.0Mt @
14.5% TGC) held by Novonix (ASX: ‘NVX’ and NASDAQ: ‘NVX”) is immediately adjacent to the
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Burke Deposit.
Figure 4: NW QLD graphite projects map (modified amer Lithium Energy (ASX: LEL) website.
Millennium displays matching geology to the Corella deposit, with metamorphosed graphi ’c
shales, slates and schists of the Milo Beds within the Tommy Creek Domain hos ’ng both
deposits. Both deposits are also proximal to ma fic units and structural corridors which are
considered key factors for the development of high quality, high-grade graphite mineralisa’on.
Metallurgical and electrochemical test work work to date on these nearby deposits has
returned high-grade concentrate with high graphite recoveries coincident with electrochemical
test work indica’ve of material highly suitable for downstream graphite processing and
integra’on into modern baeery manufacturing and other technologies.
Millennium— Next Steps
Graphite demand con’nues to grow in line with expansion in the electric vehicle (EV) lithium-
ion baeery sector, where graphite is the key raw material consumed in EV baeery anodes (some
20-30x the lithium content in a ‘lithium’ baeery). Despite some recent price pressure, the long-
term outlook for natural, ex-China graphite remains strong. As the industry targets diversified
supply, the focus shims to more ESG friendly, secure sources of graphite produc ’on and
processing.
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In line with this, Metal Bank, in full support by Global Energy Metals, is assessing the poten’al
for further value to be unlocked from the Millennium Project via developing the graphite
poten’al over the coming months. This includes addi ’onal surface mapping and sampling,
metallurgical tes’ng to determine recovery, graphite flake size, sphericity and purity, and a
further program of drilling to refine near term scope for an Explora’on Target and/or Mineral
Resource.
Metal Bank con’nues to monitor the NW QLD ba eery metals space as projects and
infrastructure develops.
Qualified Person
Mr . Paul Sarjeant, P . Geo., is the qualified person for this release as de fined by Na’onal
Instrument 43-101 - Standards of Disclosure for Mineral Projects. He is a shareholder and
Director of the Company.
For Further InformaRon:
Global Energy Metals Corpora’on
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: [email protected]
t. + 1 (604) 688-4219
www.globalenergymetals.com
Twieer: @EnergyMetals | @USBa0eryMetals | @ElementMinerals
Global Energy Metals CorporaRon
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. offers investment exposure to the growing rechargeable ba^ery and
electric vehicle market by building a diversified global porIolio of explora?on and growth-stage
ba^ery mineral assets.
Global Energy Metals recognizes that the prolifera?on and growth of the electrified economy in
the coming decades is underpinned by the availability of ba^ery metals, including cobalt, nickel,
copper, lithium and other raw materials. To be part of the solu ?on and respond to this
electrifica?on movement, Global Energy Metals has taken a ‘consolidate, partner and invest’
approach and in doing so have assembled and are advancing a por Iolio of strategically
significant investments in ba^ery metal resources.
As demonstrated with the Company’s current copper, nickel and cobalt projects in Canada,
Australia, Norway and the United States, GEMC is inves ?ng-in, exploring and developing
prospec?ve, scaleable assets in established mining and processing jurisdic?ons in close proximity
to end-use markets. Global Energy Metals is targe?ng projects with low logis?cs and processing
risks, so that they can be fast tracked to enter the supply chain in this cycle. The Company is also
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collabora?ng with industry peers to strengthen its exposure to these cri?cal commodi?es and
the associated technologies required for a cleaner future.
Securing exposure to these cri ?cal minerals powering the eMobility revolu ?on is a
genera?onal investment opportunity. Global Energy Metals believes Now is the Time to be part
of this electrifica?on movement.
CauRonary Statement on Forward-Looking InformaRon:
Certain informa?on in this release may cons?tute forward-looking statements under applicable
securi?es laws and necessarily involve risks associated with regulatory approvals and ?melines.
Although Global Energy Metals believes the expecta?ons expressed in such forward-looking
statements are based on reasonable assump?ons, such statements are not guarantees of future
performance and actual results or developments may di ffer materially from those in the
forward-looking statements. Except as required by law, Metal Bank undertakes no obliga?on to
update these forward-looking statements in the event that management’s beliefs, es?mates or
opinions, or other factors, should change.
GEMC’s opera?ons could be significantly adversely affected by the effects of a widespread
global outbreak of a contagious disease, including the recent outbreak of illness caused by
COVID-19. It is not possible to accurately predict the impact COVID-19 will have on opera?ons
and the ability of others to meet their obliga ?ons, including uncertain?es rela?ng to the
ul?mate geographic spread of the virus, the severity of the disease, the dura ?on of the
outbreak, and the length of travel and quaran ?ne restric?ons imposed by governments of
affected countries. In addi?on, a significant outbreak of contagious diseases in the human
popula?on could result in a widespread health crisis that could adversely affect the economies
and financial markets of many countries, resul?ng in an economic downturn that could further
affect opera?ons and the ability to finance its opera?ons.
For more informa?on on Global Energy and the risks and challenges of their businesses,
investors should review the filings that are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regula?on Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
We seek safe harbour.