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Globe Metals & Mining Limited

Publié le 30 octobre 2015

September Quarterly Activities Report

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Mots clés associés :   K Street | Malawi | Mozambique |

September Quarterly Activities Report



30 June 2013


30 October 2015

About Globe

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

  • Globe's principal exploration focus is to advance the Kanyika Niobium Project.

  • The Kanyika Niobium Project is regarded as the 5th largest undeveloped niobium resource in the world.

  • The Kanyika Niobium Project 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 Director

    Mr Alex Ko - Non-executive Director

    Capital Structure

    Shares on Issue: 469,729,062 Options on Issue: 4,000,000 (various) 52 week range: $0.021 - $0.043

    Last Price (30/10/2015): $0.025

    Market Capitalisation: $11.743 million

    Substantial Shareholders

    Apollo Metals : 52.37%

    Ao-Zhong International Minerals: 25.15%


    Alistair Stephens Managing Director [email protected] T: +61 (0)8 9327 0700

    September Quarter 2015 Review of Operations


    Kanyika Niobium Project

    • Malawi Ministry of Natural Resources, Energy and Mining notified Globe of Mining Lease approval for Kanyika subject to completion of a Development Agreement.

    • Malawi Ministry of Natural Resources, Energy and Mining approved an Exclusive Prospecting Licence over an area adjacent to Mining Lease area prospective for niobium and tantalum, and rare earths elements.

    • Work during the quarter was predominantly focussed on the consideration of a range of project financing options in addition to activities associated with finalisation of the Development Agreement.

      Chiziro Graphite Project

    • Formal agreement reached allowing Globe access to the Katengeza prospect; which was previously excised from the Project area by Malawi Ministry of Natural Resources, Energy and Mining.

    • Work during the September Quarter focussed around initial assessment of the Katengeza Prospect, and planning of future work programs.

      Corporate & Finance

    • Cash at bank and in term deposits at 30 September 2015 of $15.30 million.

Globe Metals & Mining Ltd | Suite 1, 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: globemm.com.au | Email: [email protected] | ABN 33 114 400 609 | ASX:GBE

Globe Metals & Mining Limited (ASX Code: GBE) ('Globe' or 'the Company') hereunder provides its activities report for the quarter ended 30 September 2015.

  1. Overview of Exploration Activities

    Globe's focus of operations is in Malawi (see Figure 1 below) located in the south-east Africa. Globe's most advanced project is the Kanyika Niobium Project (KNP), containing a niobium (Nb) and tantalum (Ta) resource - refer Section 2.1 for full details.

    Niobium and tantalum are key additives in steel manufacture, electronics and ceramics.

    At Globe's KNP, a resource estimated sufficient to sustain a 20-year mine life has been defined, however, the Company continues to explore its licence for further Nb-Ta resources.

    In addition to KNP, Globe has three other exploration projects in Malawi as follows:

    • Chiziro Graphite Project - in 2014 Globe completed 6,266 metres of trenching at its Chimutu Prospect and in the process outlined six kilometres strike of high-grade graphite mineralisation. Mapping and rock chip sampling has located further prospects for graphite mineralisation. Favourable preliminary metallurgical test work has been reported on previously by Globe.

    • Machinga Rare Earths Project -an early stage exploration project with soil sampling programs having outlined rare earth element (REE) and a Nb-Ta mineralisation.

    • Salimbidwe Rare Earths Project -an early stage exploration project with rare earth potential.

    Figure 1- Malawi Projects Location Map.

  2. Kanyika Niobium Project

  3. Overview

    Globe has been undertaking exploration and resource development activities at Kanyika since 2007 and in 2011 made the decision to proceed to undertaking a Definitive Feasibility Study (DFS).

    As part of undertaking the DFS process an updated Mineral Resource was completed and on 7 January 2013 Globe made a release to the ASX stating a mineral resource inventory of 68.3M tonnes (equivalent) of Nb2O5 using a 1,500 ppm Nb2O5 cut-off (refer Tables 1 & 2 below). No additions or changes have been made to this resource statement and it complies with the 2004 JORC guidelines for mineral resource statements as made in that release, (please refer to the 'Competent Persons Statement' section).

    Table 1: Mineral Resource Estimate for Kanyika using a 1,500 ppm Nb2O5 lower cut


    Million Tonnes

    Nb2O5 ppm

    Ta2O5 ppm

















    Table 2: Mineral Resource Estimate for Kanyika using a 3,000 ppm Nb2O5 lower cut


    Million Tonnes

    Nb2O5 ppm

    Ta2O5 ppm

















  4. Mining Licence Application and Development Agreement (DA) Negotiations

    Globe received notice during the June 2015 quarter from the Malawi Ministry of Natural Resources, Energy and Mining that it had approved Globe's application for a Mining Lease (ML) at Kanyika subject to a Development Agreement (DA) being completed.

    The Mining Licence (ML) covers the Kanyika Nb-Ta resource, and all areas covering proposed mine infrastructure and prospective exploration areas.

  5. Kanyika Definitive Feasibility Study

    Globe has progressed discussions with several groups interested in purchasing niobium and tantalum products from Kanyika, with the view to develop long-term product off-take agreements.

    The Kanyika Economic Study has been revised to include results from the 2014 Kanyika concentrator pilot plant programme. The Study remains incomplete until costed product off-take agreements are established.

    Globe continues to examine opportunities for project enhancement, including reconfiguration of project arrangements.

  6. Prospecting Licence Application

    As reported in the June 2015 quarterly report, Globe made application for an Exclusive Prospecting Licence over an area of prospective for Nb-Ta and Rare Earth Elements adjacent to the Kanyika Mining Lease.

    During the September 2015 quarter this application (EPL0421/15) was granted to Globe by the Malawi Ministry of Natural Resources, Energy and Mining.

  7. Kanyika Exploration Activities During This Quarter

    During the quarter, several zircon samples were collected. The samples form part of an analytical review of the zircon potential of the KNP. Assays results are pending.

  8. Chiziro Graphite Project

  9. Overview

    The Chiziro Graphite Project is located to the north-east of the city of Lilongwe in Malawi and comprises Exploration Prospecting Licence (EPL0299).

    Globe has defined a six kilometre strike of high-grade graphite mineralisation. Mapping of other areas within the tenement area has identified additional areas of interest including the Katengeza and Dowa prospects.

  10. Chiziro Exploration Activities during this Quarter

  11. Work during the quarter was focussed on the Katengeza prospect.

    Formal agreement was reached during the quarter allowing Globe access to the Katengeza prospect paving the way for exploration work to commence. Katengeza was previously excised from the Project area by Malawi Ministry of Natural Resources, Energy and Mining.

    The Katengeza prospect is located in the eastern part of the Chiziro project area. It is favourably located within 2 kilometres of a rail siding on the Lilongwe to Nacala (port in Mozambique) railway.

Lire la suite de l'article sur www.noodls.com
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

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 32,9 millions AU$ (23,7 millions US$, 20,8 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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