Lopal Tech acquires Marble Bar lithium assets from Global Lithium Resources for AUD 14.85 million

Jiangsu Lopal Tech. Group Co., Ltd. (Lopal Tech; 02465) has signed a Tenements and Mineral Rights Sale Agreement, through wholly owned subsidiary Lopal Tech Perth Pty Ltd, to purchase the Marble Bar Lithium Project in Western Australia from Global Lithium Resources Limited (GL1) and its subsidiary MB Lithium Pty Ltd for AUD 14.85 million.

The consideration is split into two tranches: 1. AUD 11.85 million payable on satisfaction of all closing conditions; 2. AUD 3.00 million payable once the Western Australian government grants a mining lease covering tenement E45/4309.

Transaction scope • Five exploration leases and lithium mineral rights over an additional 11 areas in the Pilbara region, about 150 km southeast of Port Hedland. • Transfer of key contracts, geological data and onsite tangible assets.

Resource snapshot According to a 2022 JORC-compliant estimate, the project hosts 18 million tonnes of ore grading 1.0% Li₂O. SRK Consulting (Hong Kong) Limited completed on-site due diligence in December 2025, confirming further exploration potential.

Strategic rationale The purchase strengthens Lopal Tech’s upstream resource position to support its expanding lithium iron phosphate cathode material operations and overseas capacity build-out, enhancing supply security and cost control.

Development outlook Full project build-out—including further exploration, permitting, processing and mine construction—is expected to require investment exceeding USD 200 million and a commissioning timeline of 2–3 years.

Financial and regulatory profile • Funding will come from internal resources; no proceeds from prior A-share or H-share fund-raisings are involved. • All applicable percentage ratios are below 5%; the deal is neither a related-party transaction nor a material asset reorganisation under PRC or Hong Kong listing rules, and therefore does not require board or shareholder approval.

Key risks highlighted by Lopal Tech 1. Uncertainty in securing a mining lease. 2. Engineering and construction challenges that could inflate costs or delay schedules. 3. Possibility that actual recoverable resources fall short of estimates. 4. Regulatory and operational risks inherent in cross-border mining investments. 5. High ongoing capital requirements that could pressure liquidity.

Investors are advised to consider these risks when evaluating the transaction’s potential impact on Lopal Tech’s long-term performance.