Global Energy Metals’ Partner Metal Bank Ltd. Commences Fully Funded Drilling Program at the Millennium Copper Cobalt Graphite GOLD Project, Australia
GLOBAL ENERGY METALS’ PARTNER METAL BANK LTD. COMMENCES FULLY
FUNDED DRILLING PROGRAM AT THE MILLENNIUM COPPER COBALT GRAPHITE
GOLD PROJECT, AUSTRALIA
Vancouver, BC / TheNewswire / November 28, 2025 / Global Energy Metals Corpora Son
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 that ASX listed Metal Bank Ltd., (“Metal Bank”
and/or “MBK”) as project operator has commenced diamond drilling at the Millennium Copper
Cobalt Gold Graphite Project (“Millennium” and/or the “Project”) as part of a AUD $250k
Queensland Government-funded Collabora’ve Explora’on Ini’a’ve (CEI) program. Global
Energy is fully carried on explora’on spend as part of Metal Bank’s earn-in for 80% of the
Millennium.
Highlights
•Diamond drilling program commenced targe 0ng high grade graphite extensions and
metallurgical samples.
•Drilling and associated metallurgical work is partly funded by the Queensland
Government CEI $250k grant.
•An addi0onal Mining Lease applica0on has been lodged adjacent to the current granted five
mining leases.
•This new lease covers a Gap Zone of Co-Cu-Au mineralisa0on and peripheral graphite
targets.
•Gran0ng of the Gap Zone has the poten0al to posi0vely impact the project economics and the
prospect of moving the project to produc0on.
•Global Energy is fully carried on explora0on spend as part of Metal Bank’s earn-in for 80% of
Millennium.
This drilling targets high grade near surface extensions to previously announced graphite results
(Figure 1), plus bulk metallurgical samples within and adjacent the JORC2012 Mineral Resource
Es’mate (MRE) of 8.4Mt @ 0.09% Co, 0.29% Cu and 0.12g/t Au for a 1.23% CuEq.*
*CuEq = Cu% +(Co% x 9.16) + (Au g/t x 0.678) using long term metal prices of Cu: US$3.50/lb ($7716/t);
Co:US$32.00/lb ($70 547.84/t); Au: US$1900/oz; Cu recovery=95.1%; Co recovery=95.3%; Au recovery=81.4%; Cu
payability=80%; Co payability = 80%; Au payability = 80%
Metal Bank has also submieed an applica’on for an addi’onal mining lease (ML) at Millennium
to facilitate further explora’on and opera’ons for both Co-Cu-Au and graphite resources (Figure
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1). This applica’on area consists of some 159 hectares which encompass the southern granted
leases and importantly includes the Gap Zone, a previously inaccessible 200m x 200m area not
included in the current MRE.
Figure 1: Millennium project overview showing current and proposed ML boundaries, 2023 Co-
Cu-Au MRE outline, graphite drill results to date, and graphite target area (purple) for CEI grant
work.
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Previous RC drilling of this Gap Zone in 2013 and 2014 demonstrated strong mineralisa ’on
con’nuity on the Millennium Trend, including downhole results of 23m @ 0.48% Cu, 0.16% Co
and 0.16g/t Au from 16m (Q-001) and 13m @ 0.53% Cu, 0.30% Co and 0.24g/t Au from 40m
(Q-014). The addi’onal lease also encompasses further area to the west to cover poten ’al
extensions of graphite mineralisa’on, and to the east for opera’onal infrastructure.
Mitchell Smith, President and CEO, Director of Global Energy Metals commented:
“This government and partner funded drill program operated by joint venture partner Metal
Banks moves our Millennium project forward at no cost to Global Energy Metals and exemplifies
our strategy of unlocking value from non-core yet significant assets for our shareholders and
builds on our momentum to build investment exposure to those minerals cri0cal to a new energy
era.”
MBK’s Chair Ines Scotland commented:
“MBK has commenced the next phase of project development for Millennium aimed at further
defining the graphite mineralisa0on which sits on top of and adjacent to the copper-cobalt-gold
resource. This graphite poten0al, along with the mine pit extension into the Gap Zone will
significantly increase the project’s economics.
Millennium is an important cri0cal minerals project in a readily accessible mining area near
Cloncurry, Queensland, located due south of Harmony’s recently approved A$2.6b Eva copper-
gold development project and the proximal to Austral’s Rocklands Cu project which is currently
planned for restar0ng opera0ons in mid 2027.”
The Company looks forward to the results from the drilling program expected in late January
and will keep shareholders informed as to the progress of the mining lease applica’on in due
course.
NW Queensland District Graphite Development
Millennium is strategically located between other NW QLD graphite development projects
which are currently undergoing consolida’on (Figure 2). 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
Burke Deposit.
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
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test work indica’ve of material highly suitable for downstream graphite processing and
integra’on into modern baeery manufacturing and other technologies.
Figure 2. NW QLD graphite projects map (modified aler Lithium Energy (ASX: LEL) website.
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 shios to more ESG friendly, secure sources of graphite produc ’on and
processing.
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, including
this current drill program to refine near term scope for an Explora’on Target and/or Mineral
Resource.
About Metal Bank
MBK holds a significant porrolio of advanced gold, copper and cobalt explora’on projects, with
substan’al growth upside, including:
•a 75% interest in the advanced Livingstone Gold Project in WA which holds a global JORC 2012
Mineral Resource Es’mate of 2.81Mt @ 1.36g/t Au for 122.5koz Au (70% Inferred, 30%
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Indicated) at three proximal deposits, with significant upside including Explora’on Targets and
numerous untested gold targets;
•a 51% interest and the right to earn up to 80% of the Millennium Cobalt-Copper-Gold project
which holds a 2012 JORC Inferred Resource across 5 granted Mining Leases with signi ficant
poten’al for expansion and graphite iden’fied over >2km strike length within and adjacent to
exis’ng JORC Resource;
•MENA strategy execu’on with JV Company formed in Saudi Arabia (MBK 60%) holding the
Wadi Al Junah project and explora’on license applica’ons; and
•The 8 Mile, Wild Irishman and Eidsvold Gold projects in South East Queensland.
MBK is also in the process of acquiring the Has’ngs WA gold assets, including the Whiteheads
Project 80km NE of Kalgoorlie, the Ark gold project in the Gascoyne region and the Darcys gold
project in the East Kimberley region.
Metal Bank’s 2025-2026 explora’on programs at these projects will focus on:
•Execu’ng WA Gold Strategy:
•Scoping Study for Livingstone’s Kinsley and Homestead projects
•Preparing mining proposals, securing approvals and toll treatment agreements for these
two projects
•Comple’ng the acquisi’on of the HAS gold assets
•Defining a maiden JORC MRE and securing mining approvals, mining contractor and toll
treatment agreements at Whiteheads and commencing mining
•Millennium & SE Qld Projects:
•Comple’ng CEI grant work program at Millennium to assess graphite poten’al
•Assessing development poten’al at Millennium
•Realizing value from the SE Qld gold projects
•Advancing Saudi strategy:
•Securing explora’on licenses under applica’on in Saudi Arabia
•Engagement with local private equity to secure funding at the CMC and project level to
further explora’on of the Wadi Al Junah project.
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 InformaSon:
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
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Twieer: @EnergyMetals | @USBaeeryMetals | @ElementMinerals
Global Energy Metals CorporaSon
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals Corp. offers investment exposure to the growing rechargeable baoery and
electric vehicle market by building a diversified global porpolio of explora0on and growth-stage
baoery mineral assets.
Global Energy Metals recognizes that the prolifera0on and growth of the electrified economy in
the coming decades is underpinned by the availability of baoery metals, including cobalt, nickel,
copper, lithium and other raw materials. To be part of the solu 0on and respond to this
electrifica0on movement, Global Energy Metals has taken a ‘consolidate, partner and invest’
approach and in doing so have assembled and are advancing a por polio of strategically
significant investments in baoery 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 0ng-in, exploring and developing
prospec0ve, scaleable assets in established mining and processing jurisdic0ons in close proximity
to end-use markets. Global Energy Metals is targe0ng projects with low logis0cs and processing
risks, so that they can be fast tracked to enter the supply chain in this cycle. The Company is also
collabora0ng with industry peers to strengthen its exposure to these cri0cal commodi0es and
the associated technologies required for a cleaner future.
Securing exposure to these cri 0cal minerals powering the eMobility revolu 0on is a
genera0onal investment opportunity. Global Energy Metals believes Now is the Time to be part
of this electrifica0on movement.
CauSonary Statement on Forward-Looking InformaSon:
Certain informa0on in this release may cons0tute forward-looking statements under applicable
securi0es laws and necessarily involve risks associated with regulatory approvals and 0melines.
Although Global Energy Metals believes the expecta0ons expressed in such forward-looking
statements are based on reasonable assump0ons, 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 obliga0on to
update these forward-looking statements in the event that management’s beliefs, es0mates or
opinions, or other factors, should change.
GEMC’s opera0ons 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 opera0ons
and the ability of others to meet their obliga 0ons, including uncertain0es rela0ng to the
ul0mate geographic spread of the virus, the severity of the disease, the dura 0on of the
outbreak, and the length of travel and quaran 0ne restric0ons imposed by governments of
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affected countries. In addi0on, a significant outbreak of contagious diseases in the human
popula0on could result in a widespread health crisis that could adversely affect the economies
and financial markets of many countries, resul0ng in an economic downturn that could further
affect opera0ons and the ability to finance its opera0ons.
For more informa0on 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 Regula0on 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.