Proactiveinvestors recommends
Additional Information
Market: ASX
Sector: General Mining
EPIC: GBE
Latest Price: 0.15  (3.57% Ascending)
52-week High: 0.27
52-week Low: 0.13
Market Cap: 32.47M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Globe Metals & Mining
www.globemetalsandmining.com.au

Globe Metals & Mining (ASX: GBE) is an African-focused resource company, specialising in rare metals such as niobium, tantalum and rare earths, as well as other commodities including fluorite, uranium and zircon.  Its main focus is the multi-commodity Kanyika Niobium Project in Malawi, Africa, which will commence production of ferro-niobium in 2014, a key additive in sophisticated steels.

Globe also has a number of other projects at an earlier stage of development: The Machinga REE Project in southern Malawi, and the Mt Muambe Flourite/HREE Project in Mozambique.

Full Globe Metals & Mining profile here
Pdf

Globe Metals & Mining JV partner boosts resource at Uranium Project in Malawi

22nd Jun 2011, 3:19 am

Globe Metals & Mining (ASX: GBE) joint venture partner Resource Star (ASX: RSL) has boosted by 30% the Inferred JORC Resource to 6.0Mlb at 325 ppm eU3O8 at the Livingstonia Uranium Project in northern Malawi.

Resource Star currently holds a 20% interest in the project, with Globe 80%, with the company able to earn up to a total 51% interest by spending US$3.25 million over a four year period, in addition to its spend in relation to the initial 20% interest.

In the event that Resource Star is able to produce a 10,000 tonne U3O8 inferred JORC Resource estimate within a further two year period, the company can earn a total 70% interest in the project, and a maximum 80% interest upon completion of a Feasibility Study.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.