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Globe Metals & Mining Limited

Publié le 01 septembre 2015

Agreement Executed over Katengeza Prospect

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Mots clés associés :   K Street | Malawi | Mozambique |

Agreement Executed over Katengeza Prospect

ASX RELEASE

1 September 2015

About Globe

Globe Metals & Mining Limited is a Perth based company listed on Australian Stock Exchange (ASX:GBE)

Globe's Kanyika Niobium Project (Malawi) is regarded as the 5th largest undeveloped niobium resource in the world.

The Kanyika Niobium Project is host to a

2004 JORC compliant Mineral Resource Estimate of 68.3M tonnes containing extractable Nb2O5, Ta2O5 and U3O8 (refer ASX announcement dated 7 January 2013).

Globe's Chiziro Graphite Project (Malawi) is highly prospective for high-grade graphite mineralisation. This Project is in the early stages of exploration.

Investment Summary

100% interest held on projects in Malawi (Africa) including niobium, graphite and rare earths.

Directors and Management

Ms Alice Wong - Non-Executive Chairperson

Mr Alistair Stephens - Managing Director

Mr William Hayden - Non-executive Director

Mr Bo Tan - Non-executive Directors

Mr Alex Ko - Non-executive Directors

Capital Structure

Shares on Issue: 469,729,062

Options on Issue: 7,800,000 (various)

52 week range: $0.021 - $0.053

Last Price (31/08/2015): $0.022

Market Capitalisation: $10.334 million

Substantial Shareholders

Apollo Metals : 52.37%

Ao-Zhong International Minerals: 25.15%

Contact

Alistair Stephens Managing Director [email protected]

T: +61 (0)8 9327 0700

Chiziro Graphite Project

Agreement Executed over Katengeza Prospect

Globe Metals & Mining Limited (Globe) advises that it has concluded an agreement with the Malawi Ministry of Natural Resources, Energy and Mining (MNREM) providing it with exploration and mining access rights to the historic Katengeza Graphite Prospect.
The MNREM excised a significant section of the Katengeza Graphite Prospect from Globe's Chiziro Exclusive Prospecting Licence when it was first issued in order to promote studies of graphite mineralisation in Malawi and to ascertain whether there was potential to generate a 'cottage' industry for Malawians.
The Katengeza Graphite Prospect was investigated for graphite potential during the colonial era (pre-1964) and has been subsequently mined intermittently by local prospectors.
The Katengeza Graphite Prospect is traversed by the sealed Lilongwe
- Salima highway and nearby to the Lilongwe - Nacala (Mozambique port) railway line. It is also adjacent to power. The close proximity of this infrastructure greatly enhances the Katengeza Graphite Prospect's potential.
Globe has undertaken a preliminary assessment of the Katengeza Graphite Prospect which has included mapping and rock chip sampling. Initial results indicate high-grade graphite mineralisation equivalent to that at the Company's Chimutu Graphite Prospect, both within Globe' Chiziro Graphite Project licence area.
On the basis of the initial results, Globe is currently preparing plans to undertake further assessment of the Katengeza Graphite Prospect.
Globe would like to express its sincere gratitude to the Government of Malawi for its willingness to cooperate with the private mining sector to develop the Country's projects, which will be of benefit to all Malawians.

END


Globe Metals and Mining Ltd | Level 1, 35 Havelock Street, West Perth, WA, 6005 | PO Box 1811 West Perth WA 6872 | P: +61 8 9327 0700 F: +61 8 9327 0798 web: globemetalsandmining.com.au | Email: [email protected] | ABN 33 114 400 609 | AS X:GBE

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Données et statistiques pour les pays mentionnés : Malawi | Mozambique | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Malawi | Mozambique | Tous

Globe Metals & Mining Limited

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CODE : GBE.AX
ISIN : AU000000GBE0
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Globe Metals & Mining est une société d’exploration minière de tantalum et d'uranium basée en Australie.

Globe Metals & Mining est en développement de projets de tantalum, d'uranium et de niobium au Malawi, et détient divers projets d'exploration au Malawi.

Son principal projet en développement est KANYIKA au Malawi et ses principaux projets en exploration sont LIVINGSTONIA et NTHALIRE au Malawi.

Globe Metals & Mining est cotée en Australie. Sa capitalisation boursière aujourd'hui est 29,6 millions AU$ (21,4 millions US$, 18,7 millions €).

La valeur de son action a atteint son plus haut niveau récent le 22 octobre 2010 à 0,51 AU$, et son plus bas niveau récent le 20 mars 2020 à 0,01 AU$.

Globe Metals & Mining possède 469 730 016 actions en circulation.

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Présentations des Compagnies de Globe Metals & Mining Limited
11/07/2008Market Update
30/06/2008Investor Presentation
Rapports annuels de Globe Metals & Mining Limited
=3A Annual Report to shareholders
2011 Annual Report
Nominations de Globe Metals & Mining Limited
10/10/2013=3A Globe appoints new Director to the Board
10/07/2013Globe Appoints the CEO as Managing Director
20/05/2013Globe Appoints New Chief Executive Officer
Projets de Globe Metals & Mining Limited
03/07/2013(Kanyika)ECE's exploration team has commenced work at Kanyika
14/05/2013(Kanyika)Kanyika Niobium Project Update - Marketing and Process Optim...
07/05/2013Globe Signs Binding MOU with Major Shareholder to Fund Explo...
04/07/2012Acquisition of advanced graphite asset in Malawi
07/06/2012Excellent further REE drill results - Mt Muambe
14/05/2012Company Insight - Globe's Mount Muambe Rare Earths-Flourite ...
30/01/2012Drilling extends fluorite zone at Mt Muambe Project
02/09/2009(Kanyika)Kanyika Niobium Project - 40+ Year Mine Life Potential
19/08/2009(Kanyika)US$10.6 million Joint Venture to fund Kanyika Bankable Feasi...
20/01/2009(Kanyika)Massive Niobium Intercept - Kanyika, Malawi
25/09/2008(Kanyika)Outstanding Niobium, Tantalum and Uranium Drill Results, Kan...
09/09/2008(Kanyika)Commencement of Pre-Feasibility Study – Kanyika Project, Mal...
31/07/2008(Livingstonia)More Uranium Confirmed at Livingstonia – Malawi
30/07/2008Livingstonia Drilling Results
Communiqués de Presse de Globe Metals & Mining Limited
01/02/2016Quarterly Cashflow Report
01/02/2016Quarterly Activities Report
25/01/2016Notice of General Meeting/Proxy Form
30/10/2015September Quarterly Activities Report
30/10/2015September Quarterly Cashflow Report
27/10/2015Response to ASX Price Query
06/10/20152015 Annual Financial Report
01/09/2015Agreement Executed over Katengeza Prospect
27/08/20152015 June Quarterly Cashflow Report
27/08/20152015 June Quarterly Activities Report
06/07/2015Kanyika Niobium Project Mining Lease Approved
02/02/2015December 2014 Quarterly Activities Report
02/02/2015Company Secretary Appointment
02/02/2015December 2014 Cash Flow Report
13/01/2015Change of Registered Office
16/09/2013=3A Funding Received
05/09/2013=3A Globe to raise A$11.5m with new investor
29/07/2013June Quarter 2013 Activities Report
22/04/2013Shareholder Newsletter April 2013
24/10/2012Investor Update October 2012
17/10/2012(Kanyika)Kanyika Niobium Project Excellent Infill Drill Results
10/10/2012Shareholder Newsletter
10/07/2012(Kanyika)China Development Bank =e2?? Financing for Kanyika Niobium P...
22/05/2012Corporate Restructure & Dual Listing
01/05/2012New flourite discoveries at Mount Muambe
26/04/2012Shareholder Newsletter - April 2012
14/03/2012Multiple REE zone in Mozambique/Obama criticises China over ...
25/01/2012Globe to undertake share buyback
20/01/2012(Kanyika)Kanyika EPL renewed for a further two years
14/12/2011Shareholder Update December 2011
19/08/2011and Mining - Shareholder Update
02/07/2009Commences Discussions with Potential Chinese Off-take Partne...
27/01/2009December Quarter Activities Report
06/11/2008Busy Times at Globe Metals & Mining
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