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.
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A year ago
29 Mar 2023 - At the closing bell, the S&P/ASX 200 was 0.23 per cent higher at 7,050.30, buoyed by hopes that slowing inflation will prompt the Reserve Bank to pause its tightening…
Market Reports /
by Peter Milios -
A year ago
29 Mar 2023 - The Australian inflation rate for February was lower than expected, with a rate of 6.8 per cent compared to the forecasted 7.2 per cent. Housing, food and non-alcohol…
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13 years ago
01 Jun 2011 - Shares in Globe Metals and Mining (ASX:GBE) climb after the Africa-focused mineral exploration company posts positive rare earth exploration results.
