Globe Metals & Mining is an African-focused resource company.  Its main focus is the multi-commodity (niobium, uranium, tantalum and zircon) Kanyika Niobium Project in central Malawi.  A Bankable Feasibility Study was commissioned in August 2009 and production is planned to commence in 2013 at a rate of 3,000tpa niobium metal, principally in the form of ferro-niobium.  

Globe also has a number of other projects at an earlier stage of development: it is earning up to an 80% interest in the Machinga Rare Earth Project in southern Malawi from Resource Star Limited (ASX: RSL), and the Company can earn up to a 90% interest in the Mount Muambe Fluorite Project in Mozambique.  Initial drill programs will be undertaken in mid-2010.  

Globe manages its projects from its regional exploration office in Lilongwe, the capital of Malawi. The Company has been listed on the ASX since December 2005 (Code: GBE), and has its corporate head office in Perth, Australia.

Globe Metals and Mining (ASX:GBE)

Company Directors

Mr Bill Hayden (Non Exec. Director)
Mr Brad Wynne (CFO)
Mr David Sumich (Non Exec. Director)
Mr Julian Stephens (Non Exec. Director)
Mr Mark Sumich (Executive Chairman, Managing Director)

Contact Information

Phone: +61 8 9486 1779
Email: info@globemetalsandmining.com.au
Website: http://www.globemetalsandmining.com.au
Address
Ground Floor, Suite 3, 16 Ord Street, WEST PERTH, WA., AUSTRALIA, 6005

Media Releases see all media releases

Globe Metals and Mining Limited (ASX: GBE) Update Mount Muambe REE - Fluorite Project, Mozambique
04 Aug,2011 08:35 AM

Update: Mount Muambe REE – Fluorite Project, Mozambique  

 

Globe Metals & Mining (“Globe” or “the Company”; ASX: GBE) is pleased to provide an update on its drilling activities at the Company’s Mount Muambe REE – Fluorite Project, Mozambique.

 

Highlights

 
- 40 RC drill holes completed, totalling 3,464m 

- Main Fluorite (+REE) Zone drilling nearing completion 

- Rig to move to regional targets with substantial REE soil anomalies including:

                - 560m width, 29 samples averaging 1.01%, peak 2.05% TREO
 

              - 320m width,17 samples averaging 1.12%, peak 2.32% TREO with a high HREO ratio of 10.9% 

- Drilling has encountered intercepts of up to 40m of visual fluorite mineralisation

- Main Fluorite (+REE) Zone results expected late September

- Regional infill soil sampling to commence

                 

A total of 3,464m of RC extensional and infill drilling has been completed across 40 holes on the Main Fluorite (+REE) Zone. Drilling results for the first 8 holes are expected in mid-late August, with remaining results due at the end of September.

 

The drill rig is now moving south to finalise extensional drilling in Zone FF (Figure 1).

 

Drill pad preparation for the regional REE targets is also nearing completion, with Zone EE targeted first. A program of 460 soil samples has been initiated on the western margin of the crater and will cover the area between the Main Fluorite Zone and Zone DD.

 

Intercepts to date show generally thicker packages of fenite and associated fluorite mineralisation on the western margin of the Main Fluorite (+REE) Zone. The 2011 drilling has encountered intercepts of up to 40m of visual fluorite mineralisation.