ASX RELEASE
6 July 2015
About Globe
Globe Metals & Mining Limited is a Perth based company listed on Australian Stock Exchange (ASX)
The Kanyika Niobium Project 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 of Nb2O5 using a
1,500 ppm Nb2O5 cut-off (refer ASX
announcement dated 7 January 2013).
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: $0.022 - $0.07
Last Price (06/07/2015): $0.02
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
Kanyika Niobium Project
Mining Lease application approved subject to conclusion of a Development
Agreement
Globe Metals & Mining Limited (ASX: GBE) advises that its Mining Lease application with respect to the Kanyika Niobium Project has been approved by the Ministry of Natural Resources, Energy and Mining of Malawi subject to the conclusion of a Development Agreement
The Development Agreement when finalised will specify the conditions of operation for the Kanyika Niobium Project whilst in production.
The Development Agreement is in progress and is expected to be concluded this calendar year 2015.
END