ioneer Ltd (ASX:INR)

Global Geoscience is focused on developing the 100%-owned Rhyolite Ridge Lithium-Boron Project in Nevada, USA:

• Strategic location: stable, mining friendly jurisdiction and close to existing infrastructure
• Large and scaleable: near-surface 460 Mt Resource contains 4.1 Mt of lithium carbonate and 11.3Mt of boric acid
• Advanced project: Pre-Feasibility Study is well underway.
• Rhyolite Ridge has excellent potential to rapidly become a strategic, long-life, low-cost source of lithium and boron.

Global Geoscience is based in North Sydney, Australia and listed on the Australian SecuritiesExchange (ASX:GSC).

Lithium

Lithium is a strategic element linked directly to high technology and clean energy. It has been described as the new oil as it is a key component for batteries fueling the electric vehicle revolution.

Lithium (chemical symbol: Li) is the lightest of all metals and the third element in the periodic table. The element lithium does not exist by itself in nature but is contained within mineral deposits or salts including brine lakes and sea water.

Lithium is very likely to remain a core component of batteries due to its key characteristics:

• lightest metal
• highest energy density by weight
• high conductivity and ability to store electrons

Utilising lithium for batteries has allowed electric vehicles and other weight-sensitive applications such as mobile electronics, power tools and drones to become ubiquitous.

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Boron

Boron is an important industrial mineral that is only produced in a few locations globally but plays an important role in the modern world. It is one of the most versatile elements in the world, used in everything from computer screens to fertilisers to creating powerful magnets for wind turbines.

Boron (chemical symbol B) is a rare light metal and the fifth element in the periodic table. The element boron does not exist by itself in nature. Rather, boron combines with oxygen and other elements to form boric acid, or inorganic salts called borates.

Borates are an important mineral group for modern society with demand expected to continue to grow at or above global GDP rates. There are few substitutes for borates especially in high-end applications and agriculture. These markets are expected to grow as global population grows and becomes more affluent.

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Last updated 15th October 2018

Mr James D. Calaway
Non-Executive Chairman

Mr. Calaway is a respected business and civic leader residing in Houston, Texas, with considerable experience and success in building junior companies into successful commercial enterprises. He has played major roles in the development of both public and private companies engaged in lithium operations, oil and gas exploration and production, enterprise software and solar farm development.

Until his retirement in July 2016, Mr. Calaway served for eight years as non-executive Chairman of the Board of Orocobre Ltd, ( ASX:ORE; TSX:ORL), helping lead the company from its earliest development to becoming a significant producer of lithium carbonate and a member of the ASX 300. With Orocobre being the only other lithium company with a significant exposure to boron, his Orocobre experience ideally suits him to help lead Global to become a leader in the lithium and borates businesses.

Mr. Calaway currently serves as Chairman of the Board of Distributed Power Partners Inc, a leader in the development of clustered distributed solar power in Chile. Mr Calaway previously chaired several public and private companies including many years as the chairman of Datacert Inc, a world leader in legal operations software that was sold for US$310 million to a NYSE company.

Throughout the previous thirty years, Mr. Calaway has also played leading roles in various civic organizations, including the past chairman of the Pl Center for Houston’s Future, the greater Houston regions “think tank”, and Chairman of the Houston Independent School Districts’ Foundation. Mr. Calaway holds a MA from the University of Oxford in Politics, Philosophy and Economics, and is a graduate of the University of Texas with a BA in Economics, Phi Beta Kappa.

Bernard Rowe
Managing Director

Bernard Rowe is a geologist with more than 25 years’ international experience in mineral exploration. His early career was with global diamond miner and explorer, Ashton Mining, which included five years in Scandinavia and Russia followed by two years in Mali.

A founding shareholder of Global Geoscience, he has been Managing Director since the Company listed on the ASX in 2007 with the objective of making a major greenfield mineral discovery.

Global identified exploration properties that attracted funding from Osisko for a Nevada gold property in 2012 and Antofagasta for an Arizona copper property in 2013. His many years of exploring in Nevada paid off with the acquisition of Global’s flagship Rhyolite Ridge Lithium-Boron Project in 2016.

Mr Rowe is a member of the Australian Institute of Geoscientists, the Society of Economic Geologists and the Geological Society of Nevada.

Alan Davies
Non-Executive Director

Alan Davies is a well-known natural resources and industrial executive with a 20-year career with Rio Tinto culminating in being CEO responsible for Energy and Industrial Minerals, that includes the industry leading borax division and the Jadar lithium/borates development in Serbia. Prior to that position, Alan was CEO of Rio Tinto’s Diamonds and Minerals Product Group that included the borax, diamonds, iron and titanium, uranium and salt divisions.

From 2012 until 2016, Alan served as a member of Rio Tinto’s Executive Committee. Alan has led and run mining operations and development projects across the globe, including USA, Canada, South America, India, Africa, China, Europe and Australia, and across commodities, including in iron ore and energy, and a full suite of industrial minerals including borax, trona, salt, titanium dioxide, ilmenite, metal powders, and zircon, and lithium/boron development in Serbia.

Alan was also a non-executive director of the aerospace, engineering and industrial business Rolls Royce Holdings plc. Alan is currently an investor in and CEO of Zambian copper development company Moxico Resources plc,as well as being a global strategy advisor to the Indian and Finish gold developer, and fintech company Lionsgold Limited.

Patrick J. D. Elliott
Non-Executive Director

Patrick Elliott is a company director specialising in the resources sector with over 30 years experience in investment and corporate management.

Patrick’s early career was at Consolidated Gold Fields Australia Limited and covered investment analysis and management, minerals marketing (copper concentrates, tin concentrates, rutile and zircon).  In 1979 he went into investment banking and became Head of Corporate Finance for Morgan Grenfell Australia Limited in 1982.

He subsequently became Managing Director of Natcorp Investments Ltd in 1986 which owned a number of manufacturing businesses.  After its takeover he became an active early stage venture capital investor with an emphasis on resources.

Patrick is Chairman of Argonaut Resources NL, Cap-XX Limited, Tamboran Resources Limited and Variscan NL and a director of a number of privately owned companies. Patrick holds an MBA in Mineral Economics (Macquarie University) and a B.Comm. (University of NSW).

John Hofmeister
Non-Executive Director

John Hofmeister brings to Global Geoscience many years of executive experience at General Electric, Northern Telecom, AlliedSignal/Honeywell International and Royal Dutch Shell, where he retired as Shell Oil President in 2008.  Shell Oil Company is the US-based wholly owned subsidiary of Royal Dutch Shell.

Since 2008 he has served on the boards of Lufkin Industries, Applus Services, Inc., and Chairman of Erin Energy Corporation.  John has Bachelor’s and Master’s Degrees from Kansas State University.  John has also served as the Chairman of the National Urban League in the US and was formerly Chairman of the Greater Houston Partnership.

He currently teaches at Arizona State University, University of Houston and Kansas State University and is the Founder and CEO of Citizens for Affordable Energy, a not-for-profit NGO headquartered in Washington, D.C.  An American living in Houston, Texas, he has also lived and worked in Hong Kong, London and The Hague.

Last updated 15th October 2018

Global Geoscience Corporate Office

Suite 203, 161 Walker Street
North Sydney, NSW 2060

Telephone: +61 2 9922 5800

For any questions regarding your shareholding in Global Geoscience, contact our Share Registrar:

Boardroom Pty Limited

Telephone: 1300 737 760
Website: www.boardroomlimited.com.au

Directors

Mr James D. Calaway – Non-Executive Chairman
Bernard Rowe – Managing Director
Alan Davies – Non-executive Director
Patrick Elliott – Non-executive Director
John Hofmeister – Non-executive Director

Company Secretary

Joanna Morbey

Registered and Principal Office

Suite 203, 161 Walker Street
North Sydney, NSW 2060

Telephone: +61 2 9922 5800
Fax: +61 2 9922 4004

USA Office

290 Gentry Way, Suite 1
Reno, Nevada 89502

Share Registrar

Boardroom Pty Limited, Grosvenor Place
Level 12, 225 George Street
Sydney, NSW 2000

Telephone: 1300 737 760
Website: www.boardroomlimited.com.au

Auditors

Ernst & Young
200 George Street
Sydney, NSW 2000

Listed on the Australian Securities Exchange (ASX Code: GSC)
ABN: 76 098 564 606