Globe Metals & Mining

Globe Metals Mining logo

Primary tickers: ASX:GBE
Stage of development: Development
Primary mineral: Niobium, Tantalum, Zirconium, REE
Projects to promote: Kanyika Niobium Project
Project location: Malawi
Website: www.globemm.com

Globe Metals & Mining is developing the Kanyika Niobium/Tantalum Project in Malawi. The Project has a JORC-compliant Resource & Reserve statement, and a completed Definitive Feasibility Study. Globe has recently completed an optimization study and is currently undertaking definitive metallurgical test work as a basis for the finalization of an updated BFS, and development. The scope of the project will include an open-cast mining operation, concentrator, and refinery to be built in Malawi. The refining technology to be used is the Chlorination process, which has significant ESG and energy usage advantages. 

 

The phased development of the project ensures an optimal capital expenditure, and limits project development risk. The Kanyika project has a resource of 193 281 tons, and a reserve of 103 009 tons of Nb2O5. The tantalum content is 9 219 tons of Ta2O5 and a reserve of 4 781 tons of Ta2O5. The project NPV (8%) is US$ 1 004m, IRR (pre-tax) is 47% and the payback period is 4.4 years. The project has an issued mining right as well as a Mining Development Agreement signed with the Government of Malawi.

 

 

Cash: AUD$3M
Debt: NIL

 

 

Major shareholders:
Apollo Metals Investment Co Ltd – 52%

AO-Zhong Int – 17%

Tripple Tallent enterprise Limited – 10%

 

Financials

Management Profile

Paul Smith, Chief Operating Officer
Mr Smith has over 30 years’ experience as a senior mining industry executive across exploration, feasibility, project development, and operations management on a global platform. He has extensive experience with start-up and turnaround strategies, leveraging significant expertise in stockbroking, corporate finance, and project funding in delivering key business objectives.

Mr Smith has previously held senior executive positions with Aquarius Platinum Limited (now part of Sibanye Stillwater Limited), Weiszwe Platinum Limited, and more recently Impala Platinum Holdings Limited.

Mr Smith has a Bachelor of Science, Geology & Chemistry from Rhodes University (South Africa), a Bachelor of Commerce (Hons) from Stellenbosch University (South Africa), a Graduate Diploma in Extractive Metallurgy from Camborne School of Mines (United Kingdom), and a Master of Business Administration from Stellenbosch University (South Africa).

 

Charles Altshuler, Chief Financial Officer
Mr Altshuler has over 18 years’ experience as a Chartered Accountant (CA ANZ and CA SA) and holds an Australian MBA, and advanced project management qualifications from Stanford University.

Prior to joining Globe, Mr Altshuler held senior finance positions in Anglo American and other large corporations in various industries in South Africa, and more recently was the Chief Financial Officer of an ASX-listed pharmaceuticals company.

Mr Altshuler has extensive experience in capital raises, off-take agreements, introduction of strategic investors, mergers and acquisitions, post-merger synergies, and cost reduction projects. His considerable experience in both Africa and Australia ensures he plays a key role as Globe’s Chief Financial Officer in maximising value for Globe and its shareholders.

What is your rationale for taking part in 121 Mining Investment?

Globe is joining the 121 Conference to seek strategic investors for the Company. Globe is also seeking strategic investors who may be interested in the project offtake for high-purity metal oxides including Niobium, Tantalum, Zircon, and certain Rare Earth elements.

What recent news would you like to highlight to investors attending?

Please refer to our multiple announcements on our website

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Finalise metallurgical test-work and sample marketing product.

 

6 Months:
Finalise the updated BFS

 

12 Months:
Develop the Kanyika Project.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Raising Capital – we are addressing this challenge by actively engaging with potential strategic shareholders, funding off takers and convertible debt providers.

Project development risk – we are managing this risk by ensuring we appoint the required skills to ensure we minimise development risk.

Energy in Malawi – Globe is actively engaging which third party electricity producers and Government to ensure the phased development of the project has the required power for its development.

What do you think makes your company such a compelling investment?

Its strategic metals – Niobium and Tantalum, and the pricing of these metals
Economics of the project are very compelling.
Malawi is a democratic country and investor friendly.
Project has been de-risked by its planned phased development.
Project is fully permited.

What are the top 3 key investor takeaways?

Largest non-America’s Niobium project in the world, going into its development phase.
Very compelling project economics and return on investment.
Strong ESG credentials