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Global Energy Metals Reports Drilling at Millennium Copper-Cobalt-Gold-Graphite Project
November 28, 2025 — Leads & Copy — Global Energy Metals Corporation (TSXV: GEMC | OTCQB: GBLEF | FSE: 5GE1) announced that Metal Bank Ltd., the project operator, has started diamond drilling at the Millennium Copper Cobalt Gold Graphite Project, backed by a AUD $250,000 Queensland Government grant. The program is part of the Collaborative Exploration Initiative (CEI).
The diamond drilling program focuses on identifying high-grade graphite extensions and collecting metallurgical samples. The drilling and related metallurgical work are partly funded by the Queensland Government CEI grant. An additional Mining Lease application has been submitted, adjacent to the current five mining leases, to cover a Gap Zone of Co-Cu-Au mineralization and peripheral graphite targets.
Granting of the Gap Zone mining lease could significantly improve the project's economics and its potential to move into production. Global Energy Metals is carried on exploration spend as part of Metal Bank’s earn-in for 80% of the Millennium Project.
The drilling program will target high-grade near-surface extensions to graphite results, plus bulk metallurgical samples within and adjacent to the JORC2012 Mineral Resource Estimate (MRE) of 8.4 million tonnes @ 0.09% Co, 0.29% Cu and 0.12g/t Au for a 1.23% CuEq. Metal Bank has also applied for an additional mining lease (ML) at Millennium to further explore and operate for Co-Cu-Au and graphite resources. This application covers approximately 159 hectares, including the Gap Zone.
Previous RC drilling of the Gap Zone in 2013 and 2014 showed strong mineralization continuity, with downhole results including 23 meters @ 0.48% Cu, 0.16% Co, and 0.16g/t Au from 16 meters (Q-001) and 13 meters @ 0.53% Cu, 0.30% Co, and 0.24g/t Au from 40 meters (Q-014). The additional lease encompasses areas for potential extensions of graphite mineralization and infrastructure.
Mitchell Smith, President and CEO of Global Energy Metals, stated that the drill program moves the Millennium project forward without cost to Global Energy Metals. MBK’s Chair, Ines Scotland, said that MBK has commenced the next phase of project development for Millennium aimed at further defining the graphite mineralization which sits on top of and adjacent to the copper-cobalt-gold resource.
The company anticipates results from the drilling program in late January and will update shareholders on the mining lease application’s progress. Millennium is located between other NW QLD graphite development projects, including the Corella deposit (13.5Mt @ 9.5% TGC) and the Burke deposit (9.1Mt @ 14.4% TGC), held by Lithium Energy (ASX: ‘LEL’), and the Mt Dromedary deposit (7.0Mt @ 14.5% TGC) held by Novonix (ASX: ‘NVX’ and NASDAQ: ‘NVX”). The company is assessing the potential for further value to be unlocked from the Millennium Project via developing the graphite potential over the coming months.
Metal Bank (MBK) holds a portfolio of gold, copper, and cobalt exploration projects, including a 75% interest in the Livingstone Gold Project in WA, with a JORC 2012 Mineral Resource Estimate of 2.81Mt @ 1.36g/t Au for 122.5koz Au, a 51% interest in the Millennium Cobalt-Copper-Gold project, and the Wadi Al Junah project in Saudi Arabia. MBK is also in the process of acquiring the Hastings WA gold assets, including the Whiteheads Project, the Ark gold project, and the Darcys gold project. Metal Bank’s 2025-2026 exploration programs will focus on executing its WA Gold Strategy, completing the CEI grant work program at Millennium, assessing development potential at Millennium, and advancing its Saudi strategy.
Paul Sarjeant, P. Geo., is the qualified person for this release. He is a shareholder and Director of the Company.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219