March Quarter 2011 Activities Report
Globe Metals & Mining Limited (“Globe” or “the Company”; ASX: GBE) is pleased to present its March Quarter 2011 Activities Report.
Highlights
ECE strategic partnership and A$47.85m fund raising completed
Monte Muambe Fluorite/Heavy Rare Earth Project
- Numerous very high-grade, near surface fluorite drill intersections reported from 14-hole RC program
- Fluorite mineralisation is interpreted to occur in multiple, sub-horizontal, stacked zones
- Numerous associated zones of REO mineralisation in the three holes analysed with significant dysprosium and locally high HREO ratios
- Recently completed ground radiometric survey reveals numerous significant REO targets
Kanyika Niobium Project – Power Feasibility Study
- Mota-Engil to conduct a study into power options for the Kanyika Niobium Project, including hydro and diesel power
- Study to assess technical and economic aspects of the supply of power to the Project, including a review of existing surveys of water flows and volumes in adjacent river systems
- MOU between Globe and Mota-Engil for the supply of power to the Project by Mota Engil
Please see attached release.
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