Global Energy Metals Corporation, a company involved in investment exposure to the battery metals supply chain, is pleased to announce that the initial reverse circulation drill program conducted and funded by joint venture partner Metal Bank Limited (“MBK”) was recently completed at the Millennium Cobalt-Copper-Gold project in Queensland Australia with 1,580 m drilled predominantly in the South and Central resource areas, targeting both shallow and deep extensions to the existing mineralisation along with infill, and several precollars in preparation for diamond drilling.

Visual observations have been encouraging with copper oxide and/or sulphides noted in all holes and mineralisation noted in all host rocks. Moreover, chalcopyrite and cobaltite have been observed within broad alteration halos not currently within the resource envelope.

Mineralisation was noted in all host rocks, however best developed on or adjacent to the contact between carbonaceous shale and metasomatised sediments.

Furthermore, mineralisation was also noted in the hangingwall west of the main Millennium mineralised trend, potentially indicative of secondary structures or a link with the Pilgrim/Fountain Range Fault along the western margin of the project. Additional RC drilling is planned to directly test this regionally significant fault system to establish its relationship with the Millennium mineralisation.

MBK has developed a three-phase work program for Millennium in 2022 seeking to confirm the Exploration Target for the Project of 8 – 10 Mt @ 1.0 – 1.1% CuEq, and future Resource expansion and development potential. Upon receipt and assessment of results MBK will embark on a JORC 2012-compliant Resource update and Scoping Study utilising appropriate economic parameters aimed for completion late 2022.

Global Energy Metals Corporation

As demonstrated with the Company’s current copper, nickel and cobalt projects in Canada, Australia, Norway and the United States, GEMC is investing-in, exploring and developing prospective, scaleable assets in established mining and processing jurisdictions in close proximity to end-use markets. Global Energy Metals is targeting projects with low logistics and processing risks, so that they can be fast tracked to enter the supply chain in this cycle.  The Company is also collaborating with industry peers to strengthen its exposure to these critical commodities and the associated technologies required for a cleaner future.