GLOBE METALS & MINING LIMITED — Capital/Financing Update 2014

Sep 16, 2014

ASX RELEASE

ASX RELEASE 30 June 2013

17 September 2014

Globe Completes Trenching at Chiziro Graphite Project

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

• Non‐Executive Chairperson Ms Alice Wong

• Managing Director Mr Alistair Stephens

• Executive Director & Deputy CEO Ms Shasha Lu

• 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 9,100,000 (various)

Contact

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

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.

Seventeen trenches have been completed and the assays have been returned for the first eight (CZTR001‐CZTR008). The trenches targeted graphite mineralisation identified by a geological exploration programme, the results of which were reported to the ASX on 25th June 2014.

Highlights

• Five of the eight trenches, with received assays intersected more than 25 metres of graphite mineralisation and greater than 8% Total Graphitic Carbon (TGC).

• Three trenches demonstrated intersections of more than 100 metres with the wide at a grade exceeding 5% TGC with the widest intersection of 253m @ 5.4%TGC.

• The 17 trenches completed have defined visible graphite mineralisation over six kilometres in strike length. Current assay results confirm graphite mineralisation greater than a 3,000 metre strike length.

• Geological interpretation of the trenches confirms two main trends; named the “Main Trend” and the “Musinda Trend”.

• Based on current results, Globe is planning a diamond drilling programme to test the depth of graphite mineralisation at Chimutu before year end, subject to Board approval.

• Globe has commenced mineralogical testwork and is assessing infrastructure and logistics options for a potential mining operation.

• Globe is assessing other graphite prospects within the Chiziro Graphite Project licence area.

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

==> picture [40 x 51] intentionally omitted <==

==> picture [54 x 51] intentionally omitted <==

==> picture [49 x 51] intentionally omitted <==

Globes’ Chiziro proje c t (EPL0299 ) is located approximat e ly 25 kilo m etres nort h east of Lil o ngwe, the capital city of Mal a wi (Figure 1). Globe has identified multipl e areas of large scal e graphite mineralis a tion in the project are a and is currently assessing the Chi m utu Prosp e ct in the so u thwest of the Chizir o Graphite P roject area.

==> picture [40 x 87] intentionally omitted <==

==> picture [43 x 87] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [40 x 86] intentionally omitted <==

==> picture [43 x 86] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [40 x 86] intentionally omitted <==

==> picture [43 x 86] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [40 x 87] intentionally omitted <==

==> picture [43 x 87] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [40 x 86] intentionally omitted <==

==> picture [43 x 86] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

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

Based on the results from a ma p ping and r o ck chip sa m pling programme com p leted earli e r in 2014, Globe un d ertook a p r ogramme o f 17 trench e s (CZTR001 – CZTR016 & CZTR005 A ) designed t o define a six kilom e tre extent of graphit e mineralis a tion. A to t al of 6,26 6 metres o f trenching has been complete d .

The assa y s for eight t renches (C Z TR001‐ CZT R 008) have been returned and the results are c onsidered encouraging (refer Ta b le 1).

2

==> picture [141 x 51] intentionally omitted <==

Table 1: Summary of Chimutu Prospect TGC Intersections to date

Trench No	Easting	Northing	Azimuth	Length	Intersection	Intersection	Interval	Grade TGC (%)	Highest Assay (% TGC)	Trend
			(TN)	(m)	From (m)	To (m)	(m)
CZTR001	607825	8465941	132	225	12	24	12	5.4	8.6	Main
					202	224	22	5.2	7.4
CZTR002	608187	8466155	127	180	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	222	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	440	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
CZTR005	609034	8467007	130	324	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
CZTR005A	608838	8467164	129	253	Awaiting Results					Main
CZTR006	609419	8467187	130	350	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	482	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
					278	293	15	7.5	16.2
					370	397	27	6.2	16.6
CZTR008	609975	8467769	129	290	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	345	Awaiting Results					Main

3

==> picture [40 x 51] intentionally omitted <==

==> picture [54 x 51] intentionally omitted <==

==> picture [49 x 51] intentionally omitted <==

Tren No ch	Eastin g	Northing	Azimuth	Length	Intersection	Intersection	Intersection	Interv al	Grade TG (%) C	Highest (% T Assay GC)	T rend
			(TN)	(m)	Fro m (m)	To (m)		(m)
CZTR0 10	61049 3	8468377	135	535			Await ing Results				M ain
CZTR0 11	61072 9	8468694	129	312			Await ing Results				M ain
CZTR0 12	60963 6	8466460	085	900			Await ing Results				Mu sinda
CZTR0 13	61005 2	8466061	086	504			Await ing Results				Mu sinda
CZTR0 14	61016 0	8465656	085	332			Await ing Results				Mu sinda
CZTR0 15	61021 3	8465258	085	316			Await ing Results				Mu sinda
CZTR0 16	61025 0	8464860	084	256			Await ing Results				Mu sinda
			Total	6,266

Figure 2 i l lustrates the location of the graph i te minerali s ation as well as summ a rises the st a tus of the samples f rom the trench progr a mme. Figure 3 illustr a tes the lo c ation and t enor of th e graphite intersecti o ns to date.

==> picture [36 x 88] intentionally omitted <==

==> picture [55 x 71] intentionally omitted <==

==> picture [55 x 71] intentionally omitted <==

==> picture [54 x 71] intentionally omitted <==

==> picture [55 x 71] intentionally omitted <==

==> picture [55 x 71] intentionally omitted <==

==> picture [55 x 71] intentionally omitted <==

==> picture [54 x 71] intentionally omitted <==

==> picture [55 x 71] intentionally omitted <==

==> picture [21 x 175] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [54 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [54 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [36 x 88] intentionally omitted <==

==> picture [55 x 71] intentionally omitted <==

==> picture [55 x 71] intentionally omitted <==

==> picture [54 x 71] intentionally omitted <==

==> picture [55 x 71] intentionally omitted <==

==> picture [55 x 71] intentionally omitted <==

==> picture [55 x 71] intentionally omitted <==

==> picture [54 x 71] intentionally omitted <==

==> picture [55 x 71] intentionally omitted <==

==> picture [21 x 174] intentionally omitted <==

==> picture [36 x 88] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [54 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [54 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [36 x 87] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [54 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

==> picture [54 x 70] intentionally omitted <==

==> picture [55 x 70] intentionally omitted <==

Figure 2: Plan showing location of trenches at the Chimutu Prospect and assaying progress.

4

==> picture [40 x 51] intentionally omitted <==

==> picture [54 x 51] intentionally omitted <==

==> picture [49 x 51] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [54 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [54 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [36 x 107] intentionally omitted <==

==> picture [4 x 320] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [54 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [54 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [36 x 108] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [54 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [54 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [54 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [54 x 65] intentionally omitted <==

==> picture [55 x 65] intentionally omitted <==

==> picture [36 x 107] intentionally omitted <==

==> picture [55 x 64] intentionally omitted <==

==> picture [55 x 64] intentionally omitted <==

==> picture [54 x 64] intentionally omitted <==

==> picture [55 x 64] intentionally omitted <==

==> picture [55 x 64] intentionally omitted <==

==> picture [55 x 64] intentionally omitted <==

==> picture [54 x 64] intentionally omitted <==

==> picture [55 x 64] intentionally omitted <==

Figure 3: Plan of the trenches where assays have been returned illustrating the extent of graphite mineralisation at the Chimutu Prospect (refer also Table 1).

Geological logging of t he trenche s confirms t h e existence of two grap h ite mineral i sed trends, named the Main and Musinda tr e nds. The tr e nch assays returned to date have d emonstrat e d mineralis a tion more than 5% T GC over ap p roximately 3 ,000 metr e s of strike f o r the Main T rend, and r e mains ope n ‐ended to the north e ast.

Within th e 5% TGC envelope, fiv e trenches c ontain one or more zo n es of high e r grade mineralisation greater t h an 8% TGC (refer Table 1 & Figure 3). All the t r ench assay s are expect e d to be co m pleted in the last q u arter of 20 1 4.

Based on t hese encouraging resul t s, a diamond drilling pr o gram is bei n g planned b ut will not b e finalised until all a s says for th e trench pro g ram are co m plete. The purpose of t he drilling w ill be to tes t the tenor of graphi t e mineralis a tion to a d e pth of 80‐100 metres. G lobe is ass e ssing diam o nd drilling s pecifically for meta l lurgical test work pu r poses give n the importance of g raphite qu a lity to th e project’s commerc i al viability. T hese progr a mmes are subject to Board budget a pproval.

Globe is evaluating in f rastructure and logistic s options for the Chimut u Graphite Project. The prospect is located w ithin 10 kil o metres of a n operatin g railway th a t connects Lilongwe t o the port o f Nacala in Mozambi q ue, and is c lose to exis t ing electric a l infrastruc t ure that is s uitable for mining and processing operations.

Globe ha s identified o ther areas o f graphite m ineralisati o n within th e Chiziro lic e nce and is p lanning to undertak e further assessment o f these dur i ng the 2014 field sea s on includin g geologica l mapping, sampling a nd trenchi n g.

5

==> picture [141 x 51] intentionally omitted <==

Machinga EPL0230

Globe has been notified that the renewal for the Machinga EPL (EPL0230) has been granted by the Government of Malawi.

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 undertakening 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.

ENDS

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 and 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.

6

==> picture [141 x 51] intentionally omitted <==

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 standard tube, depth of diamond tails, face‐ sampling bit or other type, whether core is _oriented and if so, by what method, etc). _	N/A
Drill sample recovery • Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and 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.	N/A
Logging • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource 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.	 All trenches were geologically logged following Globe Metals and Mining procedures.
Sub‐sampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half or all core taken. • If non‐core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub‐ sampling stages to maximise representivity of samples. • 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.	• Field Duplicates were collected from all trenches averaging an interval spacing of 50 samples.  At BV the samples were sorted, dried and weighed. Primary preparation involved crushing the whole sample. Sample splitting was done through a riffle splitter to obtain a sub‐fraction later pulverised in a vibrating pulveriser.
Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.	 All channel samples were assayed for TGC at the ISO 17025 accredited Bureau Veritas Inspectorate Laboratories Pty Ltd in South Africa.  Internal Laboratory Standards were assayed every 25 samples and Internal Repeats were performed on every 16 samples.  Quality control procedures adopted by BV are considered to be adequate.

7

==> picture [141 x 51] intentionally omitted <==

Verification of sampling and assaying • The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data.	 Globe Metals and Mining geologists will verify all graphite intersections in the field before back‐filling of trenches.  Geological data was initially collected on paper logs. The collected field data was entered by the Exploration geologist into MS Excel spread sheets 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 data points • Accuracy and quality of surveys used to locate drill holes (collar and down‐hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control.	 The start point of all trenches was initially determined using a Garmin GPS. Later all trenches were resurveyed by DGPS to an accuracy of 0.01 metre.  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 determined using a compass.  Sampling locations along trenches were determined bymeasuringtape.
Data spacing and distribution • Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied.	 The trenches are at 400m spacing and samples were collected at 1m interval in graphitic zones and at 2 m interval in zones considered to be non‐ mineralised or not of economic interest (medium grained graphite, etc.).
Orientation of data in relation to geological structure • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	• Trenching was conducted across two geological structures: Main Zone and Musinda Zone. The former strikes NE‐ SW and the trenches were oriented perpendicular to the structure. Musinda Zone trends north‐south and the trenches run east‐west.
Sample security • The measures taken to ensure sample security.	 Chain of custody for Globe Metals and 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 reviews • The results of any audits or reviews of sampling techniques and data.	 No audit of data has been completed to date.

8

==> picture [141 x 51] intentionally omitted <==

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

9

==> picture [141 x 51] intentionally omitted <==

			subjected to upper amphibolite
			metamorphism as well as granulite
			facies.
			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.

10

==> picture [40 x 51] intentionally omitted <==

==> picture [54 x 51] intentionally omitted <==

==> picture [49 x 51] intentionally omitted <==

s o s hould include f drill hole co ectional view , but not be li llar locations s. mited to a pla and appropri n view ate	s o s hould include f drill hole co ectional view , but not be li llar locations s. mited to a pla and appropri n view ate
Balanced reporting •W E r g a R here compre xploration Re epresentative rades and/or void misleadi esults. hensive repo sults is not pr reporting of widths shoul ng reporting rting of all acticable, both low and d be practiced of Exploration high to	 Report conside  All resu ing of results red balanced lts have been in this report . reported. is
Other substantive exploration data •O m li s s m g c c ther explorat aterial, shou mited to): ge urvey results; amples – size etallurgicalt roundwater, haracteristics ontaminating ion data, ifm ld be reported ological obser geochemical and method est results; bu geotechnical ; potential de substances. eaningful and including (b vations; geop survey result of treatment; lk density, and rock leterious or ut not hysical s; bulk
Further wo rk •T ( e •D p g a c he nature an eg tests for la xtensions orl iagrams clea ossible exten eological inte reas, provide ommercially s d scale of plan teral extensio arge‐scale ste rly highlightin sions, includin rpretationsa d this informa ensitive. ned furtherw ns or depth p‐out drilling g the areaso g the main nd future dril tion is not ork ). f ling	 Follow results progra up programs of the curren m and Board depend on th t trenching approval. e

Contact: Alistair Stephens Shasha Lu Managing D irector Deputy CEO and Ex e cutive Direc t or Globe Met a ls & Mining L td Globe Metals & Mi n ing Ltd Tel: +61 (0 ) 8 9327 070 0 Tel: + 6 1 (0) 8 9327 0 700

==> picture [54 x 9] intentionally omitted <==

==> picture [55 x 9] intentionally omitted <==

==> picture [55 x 9] intentionally omitted <==

==> picture [54 x 9] intentionally omitted <==

==> picture [55 x 9] intentionally omitted <==

==> picture [55 x 9] intentionally omitted <==

==> picture [55 x 9] intentionally omitted <==

==> picture [54 x 9] intentionally omitted <==

==> picture [55 x 9] intentionally omitted <==

==> picture [9 x 9] intentionally omitted <==

About Globe Metals & Mining

Globe is a resources c o mpany, wit h a strategy t o grow the c ompany’s gl o bal investm e nt opportu n ities in the minerals i n dustry.

Globe’s co r porate head office in Pert h , Australia is supported b y a regional o p erational off i ce in Lilong w e, Malawi.

==> picture [55 x 9] intentionally omitted <==

==> picture [55 x 9] intentionally omitted <==

==> picture [55 x 9] intentionally omitted <==

==> picture [54 x 9] intentionally omitted <==

==> picture [55 x 9] intentionally omitted <==

==> picture [55 x 9] intentionally omitted <==

==> picture [55 x 9] intentionally omitted <==

==> picture [54 x 9] intentionally omitted <==

==> picture [55 x 9] intentionally omitted <==

==> picture [9 x 9] intentionally omitted <==

11