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GLOBE METALS & MINING LIMITED — Board/Management Information 2024
May 2, 2024
64965_rns_2024-05-02_0a211c16-1342-4f90-b8c1-ecbb3e35737a.pdf
Board/Management Information
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----- Start of picture text ----- Globe Metals & Mining Limited ASX: GBEABN 33 114 400 609 +61 8 6118 724045 Ventnor Avenue [email protected]West Perth WA 6005 globemm.com----- End of picture text -----
ASX Announcement
3 May 2024
Update on CEO transition
Globe Metals & Mining Limited (ASX: GBE) (“ Globe ” or “ Company ”) is pleased to announce that the formal appointment of Paul Smith as the Company’s new Chief Executive Officer will take effect from 3 May 2024, one month earlier than previously announced[1] , following completion of the handover from retiring CEO, Grant Hudson.
Mr Smith’s extensive experience as a senior mining industry executive, with a career spanning more than 30 years across exploration, feasibility studies, project development, and operational management on a global scale, has already proved to be instrumental in achieving significant milestones for Globe over the past 5 months, including spearheading the recently completed Optimisation Study at Kanyika and the cross-listing of Globe’s securities on various German Exchanges as part of the Company’s strategy to increase brand recognition and liquidity in the central European capital markets.
Mr Hudson will continue to work with Globe in the newly created role of Regional Advisor in Malawi commencing 3 May 2024. In this capacity, he will be responsible for cultivating positive relationships with local and national government officials in Malawi, advocating for favourable policies, securing necessary permits and approvals, and ensuring compliance with governmental regulations relating to the planned refinery. Additionally, Mr Hudson will oversee the conception and execution of initiatives aimed at engaging the local community, addressing social concerns associated with the mine, refinery, and operations, as well as managing relocation efforts. These initiatives may encompass community development endeavours, environmental conservation initiatives, and corporate social responsibility programs intended to benefit local inhabitants and mitigate any adverse social or environmental effects.
Commenting on Mr Hudson’s new role, Paul Smith said:
“We are thrilled that Grant has decided to stay with us. His extensive experience in the region makes him an asset through his deep understanding of the local context. Additionally, his leadership in community engagement and social responsibility initiatives will greatly benefit our efforts to make a positive impact in the region. We look forward to the continued contributions of Grant in his new role as Regional Advisor.”
This announcement was authorised for release by the Company’s Chief Executive Officer, Paul Smith.
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1 Refer to ASX Announcement titled ‘Retirement of CEO and appointment of CEO Designate’ made on 6 March 2024.
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For further information, please contact:
Paul Smith Chief Executive Officer +61 8 6118 7240 [email protected]
About the Kanyika Niobium Project
The Kanyika Niobium Project is located in central Malawi, approximately 55km northeast of the regional centre of Kasangu and is secured by Large-Scale Mining Licence No. LML0216/21 which grants the Company security of tenure and the right to mine niobium, tantalum, and deleterious uranium.
mineralisa�on. Structured and progressive engineering studies have resulted in the current (JORC 2012) Mineral Resource Es�mate (refer below) and given rise to significant improvements and simplifica�ons in the process
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The Kanyika opera�ons will produce a pyrochlore mineral concentrate that contains both niobium and tantalum in commercially valuable volumes to be shipped to a refinery for advanced processing into high purity materials.
A Mineral Resource Es�mate for the Kanyika Niobium Project under the 2012 JORC guidelines was reported to ASX on 11 July 2018 as follows:
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Table 1: MRE for KNP using a 1,500 ppm Nb2O5 lower cut Table 2: MRE for KNP using a 3,000 ppm Nb2O5 lower cut
| Category | Resource(Mt) | Nb2O5 (ppm) | Ta2O5(ppm) | Category | Resource(Mt) | Nb2O5 (ppm) | Ta2O5(ppm) | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Measured | 5.3 | 3,790 | 180 | Measured | 3.4 | 4,790 | 220 | |||
| Indicated | 47 | 2,860 | 135 | Indicated | 16.6 | 4,120 | 160 | |||
| Inferred | 16 | 2,430 | 120 | Inferred | 2.8 | 4,110 | 190 | |||
| TOTAL | 68.3 | 2,830 | 135 | TOTAL | 22.8 | 4,220 | 190 |
nameplate produc�on of 3,267 tonnes per annum (tpa) of niobium pentoxide, (Nb2O 5) and 136 tpa of tantalum pentoxide (Ta 2O 5) over the 27-year life of opera�ons. The Nb2O 5 and Ta2O 5 products will be high-specifica�on high-purity products with grades exceeding 99.5% and 99% respec�vely.
Standard Niobium oxide is being used in the anodes of fast charging bateries (charging to 100% in less than 10 minutes). These bateries have applica�on in large vehicles that cannot afford excessive charging �me. These include haul trucks, trains, front-end loaders, underground mining machinery etc. They are also being used in bateries for handheld tools where fast charging is an advantage.
High purity Niobium is an integral component of daily-use, energy-related, and specialty technologies such as superalloys (ie, for aircra� engines and rocket assemblies), and superconduc�ng magnets (ie, for medical imaging devices and nuclear power genera�on).
The Kanyika Project aims to be a pioneering and environmentally sustainable niobium venture, priori�sing both innova�on and adherence to ESG principals. It has been shown to be a botom quar�le cost project and is designed to ensure the produc�on of “green Niobium” in that its Scope 1 and Scope 2 carbon emissions will be of the lowest in the world, with hydroelectric and solar power domina�ng its power sources for both the mine site and the refinery. The very low carbon footprint is also supported by a unique closed-cycle chlorina�on refining process, which is transforma�ve for the industry.
Mineral Resource Es�mates
The informa�on in this report that relates to Mineral Resources is extracted from the report �tled “Kanyika Niobium Project – Updated JORC Resource Es�mate” released to the Australian Securi�es Exchange (ASX) on 11 July 2018 and available to view at www.globemm.com and for which Competent Persons’ consents were obtained. Each Competent Person’s consent remains in place for subsequent releases by the Company of the same informa�on in the same form and context, un�l the consent is withdrawn or replaced by a subsequent report and accompanying consent.
included in the original ASX announcement released on 11 July 2018 and, in the case of es�mates of Mineral Resources, that all material assump�ons and technical parameters underpinning the es�mates in the original ASX announcement con�nue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original ASX announcement.
Full details are contained in the ASX announcement released on 11 July 2018 �tled ‘Kanyika Niobium Project – Updated JORC Resource Es�mate’ available to view at www.globemm.com.
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