GLOBE METALS & MINING LIMITED — Capital/Financing Update 2014

Nov 23, 2014

ASX RELEASE

ASX RELEASE 30 June 2013

Chiziro Graphite Project (100% owned)

24 November 2014

Investment Summary

• ASX listed resources company (ASX:GBE)

• 100% interest held on projects in Malawi including niobium, graphite and rare earths

• Malawi Kanyika Niobium project in feasibility optimisation

Directors and Management

Globe Metals & Mining (“ Globe ” or “ the Company ”; ASX:GBE) has completed a trenching programme at the Chimutu Prospect within the Chiziro Graphite Project, situated approximately 25 kilometres northeast of Lilongwe in Malawi. Globe is reporting progressive results of geological, mineralogical and metallurgical analysis.

Seventeen exploration trenches have now been completed. The assay results of trenches (CZTR001-CZTR008 and CZTR009CZTR011) were reported to the ASX on 17[th] September 2014 and the 9[th] October 2014 respectively.

Assay results for the final six trenches (CZTR012-CZTR016 & CZTR005A) as well as trench extentions (CZTR004 and CZTR005) have been received and are now reported.

Non-Executive Chairperson

Ms Alice Wong Managing Director Mr Alistair Stephens Non-Executive Director

Mr Jingbin Tian Independent Non-executive Director

Mr William Hayden Mr Bo Tan Mr Alex Ko

• CFO & Company Secretary Ms Kerry Angel

FPOS 469,729,062 OPTIONS 8,900,000 (various)

Contact

Alistair Stephens Managing Director info@globemm.com T: +61 08 9327 0700

Highlights

• Best results include;

o	CZTR005A	5m @ 11.7% TGC
o	CZTR012	5m @ 13.0% TGC
o	CZTR013	7m @ 12.2% TGC
o	CZTR015	11m @ 11.3% TGC
o	CZTR016	6m @ 15.0% TGC
o	CZTR016	7m @ 11.9% TGC

• Ten intervals greater than 10 metres grading more than 8% total graphitic carbon (TGC) have been identified from the newly reported trenching results

• Assay results now confirm graphite mineralisation over six kilometres strike length

• Mineralisation at Musinda Trend remains open-ended to the south

• Results from trench CZTR005A and trench CZTR004 extention indicate possible additional graphitic trends

Globe Metals and Mining Ltd | Level 1, Suite 2, 16 Ord Street, West Perth, WA, 6005 | PO Box 1811 West Perth WA 6872 | P: +61 8 9327 0700 F: +61 8 9327 0798 | web: www.globemetalsandmining.com.au | Email: info@globemm.com | ABN 33 114 400 609 | ASX:GBE

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Location

Globes’ Chiziro Graphite project (EPL0299) is located approximately 25 kilometres northeast of Lilongwe, the capital city of Malawi (Figure 1). Globe has identified multiple potential prospects of large scale graphite mineralisation and is currently assessing the Chimutu Prospect in the southwest of the project area.

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Figure 1: The location of the Chiziro Graphite Project in Malawi.

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Program Designed to Define Graphite Mineralisation

Globe undertook a programme of 17 trenches (CZTR001 – CZTR016 & CZTR005A) designed to define graphite mineralisation. A total of 6,266 metres of trenching was completed. The assays for all the remaining trenches, CZTR012 - CZTR016 (Musinda Trend) and CZTR005A (Main Trend), as well as trench CZTR004 and CZTR005 extentions have been returned and results add further encouragement to those previously reported.

Summary of Best Graphite Results

The best results for the Main and Musinda Trends are listed in Table 1 below, with a complete list of graphite intersections presented subsequently in Table 2 and mineralisation illustrated in Figures 3 and 4. The assays results demonstrate mineralisation of more than 5% TGC over approximately 6,000 metres of strike for the Main and Musinda Trends, with both trends remaining open-ended to the northeast and south respectively. Of the new results six trenches intersected one or more intervals of high grade mineralisation.

Table 1: Best trenching results for the Main and Musinda Trends.

Trench Identity	Selected intervals of the best graphite mineralisation (in %TGC)	Selected intervals of the best graphite mineralisation (in %TGC)	Selected intervals of the best graphite mineralisation (in %TGC)	Selected intervals of the best graphite mineralisation (in %TGC)
	(previous announced results in blue and white)
CZTR002	3m @ 13.9%
CZTR003	9m @ 13.7%	3m @ 10.7%
CZTR004	4m@ 11.0%	4m @ 11.9%	15m @ 11.0%	5m @ 12.4%	5m @10.1%
CZTR005	3m @ 12.2%	4m @11.3%	4m @11.7%	4m @ 12.7%
CZTR005A	3m @ 12.3%	3m @ 13.1%	5m @ 11.7%
CZTR006	13m @ 11.5%
CZTR007	4m @ 12.0%	6m @ 10.3%
CZTR008	4m @ 11.8%	5m @ 11.2%	4m @ 14.5%	5m @ 16.3%
CZTR009	7m @ 10.7%
CZTR010	25m @ 11.9%	including 10m @ 19.7%
CZTR011	8m @ 14.0%
CZTR012	3m @ 11.5%	5m @ 13.0%
CZTR013	3m @13.7%	4m @ 12.6%	3m @ 13.8%	7m @ 12.2%
CZTR015	11m @ 11.3%	6m @ 11.9%
CZTR016	7m @ 11.9%	6m @ 15.0%

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Graphite Mineralisation extends over 6 kilometres

Figure 2, below, illustrates the location of trenches in the Chimutu Prospect area and the envelope of graphite mineralisation. Assay results confirm graphite mineralisation for the combined Main and Musinda Trends over a strike length of 6 kilometres.

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Figure 2: Plan showing the outline of the graphite mineralisation of the Main Trend and the Musinda Trend, relative to the location of trenches.

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Extent of graphite mineralisation over 8% TGC

Figure 3 illustrates the location and tenor of the graphite intersections for the Main Trend. Globe has identified more than 4,000 metres of graphite mineralisation with greater than 8.0% TGC. In addition to the Main Trend there is also the potential for new graphite trends as delineated in CZTR004 and CZTR005A.

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Figure 3: Plan of the trenches illustrating the extent of graphite mineralisation for the Main Trend at the Chimutu Prospect (also refer Table 2). NB: Newly reported trenches in bold red outline.

Figure 4 illustrates the location and tenor of the graphite intersections for the Musinda Trend where Globe has identified from trenching a further 2,000 metres of graphite mineralisation grading greater than 5.0% TGC. This also includes a potential new trend delineated in CZTR004 and CZTR012.

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Figure 4: Plan of the trenches illustrating the extent of graphite mineralisation for the Musinda Trend at the Chimutu Prospect (also refer Table 2). NB: Newly reported trenches in bold red outline.

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Infrastructure and Metallurgical Summary

Globe stated in its release to the ASX on 9[th] October 2014 that the Company had evaluated infrastructure options and metallurgical properties for the Chiziro Project, summarised below. A one ton sample for additional metallurgical test work has been collected and is pending dispatch.

The following summarises infrastructure and metallurgical aspects for the Chimutu Prospect.

• A. Infrastructure – summarised in Figure 5

• Chimutu is situated 10 km from the operating railway line connecting Lilongwe to the port of Nacala in Mozambique

• Close to an existing 132 kV high voltage transmission line

• Connected to the sealed Lilongwe – Salima Highway

• The availability and close proximity of these infrastructure will aid the development and support of a potential mining operation.

B. Metallurgy

• Mineralogical analysis showed that graphite is present as coarse flakes generally 2-4mm in length

• A single stage rougher-cleaner floation test demonstrated a concentrate grade of 92.8% TGC is achievable

• While the above mentioned metallurgical work cannot be considered fully representative of the extensive mineralisation outlined, it is indicative of potential.

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Figure 5: Supporting Infrastructure nearby to the Chimutu Prospect.

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Table 2: Assay Results

Table 2: Summary of all Chimutu Prospect TGC Intersections.

(NB: Results from CZTR001-011 – in italics – were reported to the ASX previously)

Trench No	Easting	Northing	Azimuth	Length	Intersection	Intersection	Interval	Grade TGC	Highest assay (%)	Trend
			(TN)	m	From (m)	To (m)	(m)	(%)
CZTR001	607825	8465941	132.0	225.0	12	24	12	5.4	8.6	Main
					202	224	22	5.2	7.4
CZTR002	608187	8466155	127.0	180.0	45	56	11	5.7	11.6	Main
					117	179	62	6.3	19.5
					incl 148	173	25	9.0
CZTR003	608505	8466409	123.0	222.0	13	20	7	5.1	10.4	Main
					67	87	20	5.0	10.6
					114	140	26	10.0	24.9
CZTR004	608799	8466685	133.0	440.0	7	25	18	7.7	12.6	Main
					47	71	24	7.1
					incl 47	53	6	9.3
					incl 62	70	8	9.1
					89	158	69	7.3	18.5
					incl 129	155	26	10.5
					174	209	35	8.0	13.8
					212	244	32	7.0	14.9
					364	383	19	8.9	11.9
					409	422	13	7.1	10.0
CZTR005	609034	8467007	130.0	324.0	6	36	30	8.4	18.8	Main
					139	250	111	6.6	16.2
					incl 157	188	31	8.7
					incl 211	221	10	10.2
					254	266	12	7.0	23.2
					277	287	10	5.6	13.4
CZTR005A	608838	8467164	129.0	253.0	30	43	13	6.2	7.8
					62	75	13	8.4	18.0
					201	247	46	8.0	14.1
CZTR006	609419	8467187	130.0	350.0	83	336	253	5.4	20.9	Main
					incl 83	95	12	9.7
					incl 214	239	25	9.1
					incl 279	292	13	11.5
CZTR007	609693	8467482	128.0	482.0	57	161	104	5.4	18.3	Main
					incl 75	89	14	8.5
					incl 109	127	18	8.1
					incl 155	161	6	10.3
					202	233	31	5.0	10.7

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Trench No	Easting	Northing	Azimuth	Length	Intersection	Intersection	Interval	Grade TGC	Highest assay (%)	Trend
			(TN)	m	From (m)	To (m)	(m)	(%)
					278	293	15	7.5	16.2
					370	397	27	6.2	16.6
CZTR008	609975	8467769	129.0	290.0	73	85	12	9.3	13.6	Main
					89	103	14	6.9	10.5
					137	159	22	8.1	14.4
					173	188	15	7.5	17.8
					201	217	16	8.3	18.1
					268	280	12	7.9	15.4
CZTR009	610279	8468022	130.0	345.0	72	97	25	8.6	17.4	Main
					145	158	13	7.0	11.4
					186	193	7	5.3	9.3
					272	326	54	5.7	10.8
CZTR010	610493	8468377	135.0	535.0	2	22	20	8.8	18.3	Main
					99	124	25	6.9	11.3
					138	165	27	7.6	13.2
					212	235	23	6.9	12.2
					266	309	43	6.0	8.5
					397	412	15	8.0	16.6
					438	463	25	11.9	31.5
					incl 451	461	10	19.7
					476	486	10	7.2	10.2
CZTR011	610729	8468694	129.0	312.0	19	30.5	11.5	7.4	14.4	Main
					50	66	16	10.7	23.1
					127	150	23	7.5	14.5
					196	207	11	7.1	10.5
					218	239	21	6.5	15.8
CZTR012	609636	8466460	085	900.0	39	59	20	7.9	16.8	Musinda
					incl 43	48	5	13.0
					66	109	43	6.2	12.6
					131	206	75	6.6	13.9
					316	354	38	6.9	17.4
					374	401	27	7.9	14.2
					487	521	34	6.2	14.0
					758	779	21	6.2	12.1
CZTR013	610052	8466061	086	504.0	63	94	31	7.7	17.9	Musinda
					130	143	13	10.2	18.0
					156	172	16	8.0	13.9
					244	254	10	5.5	8.6
CZTR014	610160	8465656	085	332.0	37	58	21	7.3	13.8	Musinda
					145	156	11	6.0	9.7
CZTR015	610213	8465258	085	316.0	10	73	63	7.0	15.3	Musinda

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Trench No	Easting	Northing	Azimuth	Length	Intersection	Intersection	Interval	Grade TGC	Highest assay (%)	Trend
			(TN)	m	From (m)	To (m)	(m)	(%)
					incl 40	51	11	11.3
					incl 57	71	14	8.8
					87	106	19	8.0	15.0
					181	193	12	5.3	9.9
CZTR016	610250	8464860	084	256.0	16	31	15	9.5	14.8	Musinda
					35	64	29	9.2	17.6
					incl 42	48	6	15.0

Competent person: The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Fergus Jockel, a competent person who is a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Fergus Jockel is a full-time employee of the company and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Fergus Jockel consents to the inclusion in the report of matters based on his information in the form and context in which it appears.

Competent person: The information in this ASX release relating to mineralogical and metallurgical evaluation is based on information compiled by Dr Marc Steffens. Dr Steffens is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and is a full-time employee of Globe Metals and Mining. Dr Steffens consents to the inclusion in the report of matters based on his information in the form and context in which it appears.

For further information:

Contact:

Alistair Stephens Shasha Lu Managing Director Deputy CEO Globe Metals & Mining Ltd Globe Metals & Mining Ltd Tel: +61 (0) 8 9327 0700 Tel: +61 (0) 8 9327 0700

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About Globe Metals & Mining

Globe is a resources company, with a strategy to grow the company’s global investment opportunities in the minerals industry.

Globe’s corporate head office in Perth, Australia is supported by a regional operational office in Lilongwe, Malawi.

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JORC TABLE 1

Section 1: Sampling Techniques and Data

Criteria	Explanation	Commentary	Commentary
Sampling	• Nature and quality of sampling (eg cut channels,		Channel samples were collected by
techniques	random chips, or specific specialised industry		Globe Metals &Mining Ltd on the
	standard measurement tools appropriate to the		floor of each trench. Most of the
	minerals under investigation, such as down hole		samples were derived from saprock.
	gamma sondes, or handheld XRF instruments,		Samples were collected and assayed
	etc). These examples should not be taken as		for Total Graphite Carbon (TGC)
	limiting the broad meaning of sampling.		analysis at the Bureau Veritas
	• Include reference to measures taken to ensure		Inspectorate Laboratories Pty Ltd (BV)
	sample representivity and the appropriate		in Rustenburg, South Africa.
	calibration of any measurement tools or systems		Approximately 2kg samples were
	used.		collected. Bagging and numbering
	• Aspects of the determination of mineralisation		were done in the field to ensure
	that are Material to the Public Report. In cases		representivity of the sampling
	where ‘industry standard’ work has been done		process.
	this would be relatively simple (eg ‘reverse		Sample preparation was carried out
	circulation drilling was used to obtain 1 m		by BV. The samples were acidified and
	samples from which 3 kg was pulverised to		roasted to remove carbonate and
	produce a 30 g charge for fire assay’). In other		organic carbon. The residual carbon
	cases more explanation may be required, such as		was determined by Total Combustion
	where there is coarse gold that has inherent		Analysis (TCA).
	sampling problems. Unusual commodities or
	mineralisation types (eg submarine nodules) may
	warrant disclosure of detailed information.
Drilling techniques	• Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or		No Drilling was undertaken as part of this release
	standard tube, depth of diamond tails, face-
	sampling bit or other type, whether core is
	_oriented and if so, by what method, etc). _
Drill sample recovery	• Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and		No drilling was undertaken as part of this release
	ensure representative nature of the samples.
	• Whether a relationship exists between sample
	recovery and grade and whether sample bias may
	have occurred due to preferential loss/gain of
	fine/coarse material.
Logging	• Whether core and chip samples have been		All trenches were geologically logged
	geologically and geotechnically logged to a level		following Globe Metals and Mining
	of detail to support appropriate Mineral Resource		procedures.
	estimation, mining studies and metallurgical
	studies.
	• Whether logging is qualitative or quantitative in
	nature. Core (or costean, channel, etc)
	photography.
	• The total length and percentage of the relevant
	intersections logged.
Sub-sampling	• If core, whether cut or sawn and whether quarter,	•	Field Duplicates were collected from
techniques and	half or all core taken.		all trenches averagingan interval

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sample	• If non-core, whether riffled, tube sampled, rotary		spacing of 50 samples.
preparation	split, etc and whether sampled wet or dry.		At BV the samples were sorted, dried
	• For all sample types, the nature, quality and		and weighed. Primary preparation
	appropriateness of the sample preparation		involved crushing the whole sample.
	technique.		Sample splitting was done through a
	• Quality control procedures adopted for all sub-		riffle splitter to obtain a sub-fraction
	sampling stages to maximise representivity of		later pulverised in a vibrating
	samples.		pulveriser.
	• Measures taken to ensure that the sampling is
	representative of the in situ material collected,
	including for instance results for field
	duplicate/second-half sampling.
	• Whether sample sizes are appropriate to the grain
	size of the material being sampled.
Quality of	• The nature, quality and appropriateness of the		All channel samples were assayed for
assay data and	assaying and laboratory procedures used and		TGC at the ISO 17025 accredited
laboratory	whether the technique is considered partial or		Bureau Veritas Inspectorate
tests	total.		Laboratories Pty Ltd in South Africa.
	• For geophysical tools, spectrometers, handheld		Internal Laboratory Standards were
	XRF instruments, etc, the parameters used in		assayed every 25 samples and
	determining the analysis including instrument		Internal Repeats were performed on
	make and model, reading times, calibrations		every 16 samples.
	factors applied and their derivation, etc.		Quality control procedures adopted
	• Nature of quality control procedures adopted (eg		by BV are considered to be adequate.
	standards, blanks, duplicates, external laboratory		The preliminary mineralogical and
	checks) and whether acceptable levels of accuracy		metallurgical tests were undertaken
	(ie lack of bias) and precision have been		at ALS Metallurgy in Perth WA. The
	established.		tests were undertaken using
			established techniques and
			procedures, and undertaken by
			professionals with appropriate
			expertise.
Verification of	• The verification of significant intersections by		Globe Metal& Mining geologists will
sampling and	either independent or alternative company		verify all graphite intersections in the
assaying	personnel.		field before back-filling of trenches.
	• The use of twinned holes.		Geological data was initially collected
	• Documentation of primary data, data entry		on paper logs. The collected field data
	procedures, data verification, data storage		was entered by the Exploration
	(physical and electronic) protocols.		geologist into MS Excel spread sheets
	• Discuss any adjustment to assay data.		and emailed to the GIS and Database
			Geologist in Perth for collation and
			storage. This data was categorised
			into: Coordinates, Sample inventory,
			and Geologylog.
Location of	• Accuracy and quality of surveys used to locate drill		The start point of all trenches was
data points	holes (collar and down-hole surveys), trenches,		initially determined using a Garmin
	mine workings and other locations used in		GPS. Later all trenches were
	Mineral Resource estimation.		resurveyed by DGPS to an accuracy of
	• Specification of the grid system used.		0.01 metre
	• Quality and adequacy of topographic control.		The grid system is UTM Zone 36
			Southern Hemisphere (WGS84)
			Points along trenches were also
			surveyed for height asl to 0.01 metre
			by DGPS.
			The azimuth of the trenches was

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			determined using a compass.
			Sampling locations along trenches
			were determined bymeasuringtape.
Data spacing	• Data spacing for reporting of Exploration Results.		The trenches are at 400m spacing and
and	• Whether the data spacing and distribution is		samples were collected at 1m interval
distribution	sufficient to establish the degree of geological and		in graphitic zones and at 2 m interval
	grade continuity appropriate for the Mineral		in zones considered to be non-
	Resource and Ore Reserve estimation		mineralised or not of economic
	procedure(s) and classifications applied.		interest (medium grained graphite,
	• Whether sample compositing has been applied.		etc.).
Orientation of	• Whether the orientation of sampling achieves	•	Trenching was conducted across two
data in	unbiased sampling of possible structures and the		geological structures: Main Zone and
relation to	extent to which this is known, considering the		Musinda Zone. The former strikes NE-
geological	deposit type.		SW and the trenches were oriented
structure	• If the relationship between the drilling orientation		perpendicular to the structure.
	and the orientation of key mineralised structures		Musinda Zone trends north-south and
	is considered to have introduced a sampling bias,		the trenches run east-west.
	this should be assessed and reported if material.
Sample	• The measures taken to ensure sample security.		Chain of custody for Globe Metal and
security			Mining trench samples was managed
			in the field by the geology manager.
			Samples were collected from the
			Lilongwe office in Malawi by MANICA
			(a freight company in Malawi) for
			delivery to Bureau Veritas in South
			Africa.
Audits or	• The results of any audits or reviews of sampling		No audit of data has been completed
reviews	techniques and data.		to date

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Section 2: Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria Explanation	Commentary
Mineral tenement and land tenure status • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	Chiziro Graphite Project  Exploration is conducted within EPL0299/10 which is 100% held by Globe Metals and Mining Ltd. The EPL covers an area of 1,098km2.  The tenement is in good standing and no known impediments exist.
Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties.	 A feasibility study concluded at Katengeza prospect during the early 1990s (though the workers could not be established) delineated 2 700 000 t of graphite ore averaging 5.8% carbon (157 000t contained carbon) and of this resource 1 700 000 t is proven. The methodology applied during resource estimation remains unknown and it does not comply with best practice international standards, e.g., JORC, NI43-101.  In 1995 Little Belt Consulting Services on behalf of Industrix (Malawi) and Cachet (Canada) estimated 1 300 000 t probable and 650 000 t proven in Chimutu prospect. Compliance with criteria for public reporting of mineral resources and mineral reserves could not be verified and it does not comply with best practice international standards, e.g., JORC, NI43-101.
Geology • Deposit type, geological setting and style of mineralisation.	The licence area is underlain by gneisses, schists and granulites which belong to the Basement Complex, and forming part of the Malawi Province of the Mozambique belt. Graphitic granulites and graphitic schists have been mapped throughout the licence area. This basement package was intruded by pegmatite bodies (dykes and sills). Metamorphosed mafic and ultramafic rocks have been observed in very few areas. Field evidence has supported that the basement rocks were subjected to upper amphibolite metamorphism as well as granulite facies.

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			The majority of the Chiziro project is
			covered by thick surficial deposits
			including residual soils, alluvium and
			colluvium which are believed to have
			formed due to prolonged weathering
			since mid-Tertiary.
			The basement rocks are complexly
			deformed but the pegmatite bodies
			are massive and undeformed.
Drill hole Information	• A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: • easting and northing of the drill hole collar • elevation or RL (Reduced Level – elevation		MAT Consulting, based in Malawi, was contracted to carry out precise surveying of the trenches using a DGPS. The survey work was completed by mid-August 2014.
	above sea level in metres) of the drill hole
	collar
	• dip and azimuth of the hole
	• down hole length and interception depth
	• hole length.
	• If the exclusion of this information is justified on
	the basis that the information is not Material
	and this exclusion does not detract from the
	understanding of the report, the Competent
	Person should clearly explain why this is the
	case.
Data	• In reporting Exploration Results, weighting	For determining the reported intersections the
aggregation	averaging techniques, maximum and/or		following criteria was used;
methods	minimum grade truncations (eg cutting of high		8% TGC average.
	grades) and cut-off grades are usually Material		Minimum width 10m
	and should be stated.		Maximum internal dilution 5m <8%, as
	• Where aggregate intercepts incorporate short		long as overall intersection averages
	lengths of high grade results and longer lengths		>8%
	of low grade results, the procedure used for such		Rounding off to one decimal place
	aggregation should be stated and some typical		after calculation.
	examples of such aggregations should be shown		No top cut was applied
	in detail.
	• The assumptions used for any reporting of metal
	equivalent values should be clearly stated.
Relationship	• These relationships are particularly important in		The relationship between the reported
between	the reporting of Exploration Results.		intersections and the dip of the
mineralisation	• If the geometry of the mineralisation with		mineralisation is unknown as the
widths and	respect to the drill hole angle is known, its		results are from horizontal trenches
intercept	nature should be reported.		with no inclination.
lengths	• If it is not known and only the down hole lengths
	are reported, there should be a clear statement
	to this effect (eg ‘down hole length, true width
	_not known’). _
Diagrams	• Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These		Appropriate maps are included in the body of the report
	should include, but not be limited to a plan view
	of drill hole collar locations and appropriate
	sectional views.

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Balanced reporting	• Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high		Reporting of results in this report is considered balanced.
	grades and/or widths should be practiced to		All results have been reported
	avoid misleading reporting of Exploration
	Results.
Other	• Other exploration data, if meaningful and
substantive	material, should be reported including (but not
exploration data	limited to): geological observations; geophysical
	survey results; geochemical survey results; bulk
	samples – size and method of treatment;
	metallurgical test results; bulk density,
	groundwater, geotechnical and rock
	characteristics; potential deleterious or
	contaminating substances.
Further work	• The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).		Follow up programs depends on the results of the current trenching
	• Diagrams clearly highlighting the areas of		program.
	possible extensions, including the main
	geological interpretations and future drilling
	areas, provided this information is not
	commercially sensitive.

ENDS

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