GLOBE METALS & MINING LIMITED — Capital/Financing Update 2025

Dec 22, 2025

==> picture [595 x 103] intentionally omitted <==

----- Start of picture text -----

Globe Metals & Mining Limited ASX: GBE
ABN 33 114 400 609 +61 8 6118 7240
45 Ventnor Avenue info@globemm.com
West Perth WA 6005 globemm.com
----- End of picture text -----

ASX Announcement

23 December 2025

Cleansing Notice

Notice Under Section 708A(5)(e) of the Corporations Act 2001 (Cth)

Globe Metals & Mining Limited (ASX: GBE) (“Globe” or “Company”) gives notice under section 708A(5)(e) of the Corporations Act (Cth) (“the Act”) that is has issued 56,192,373 fully paid ordinary shares (“Shares”) as detailed in the ASX announcement released to market today.

In accordance with section 708A(5)(e) of the Act, the Company gives notice that:

1. The Shares were issued without disclosure to investors under Part 6D.2 of the Act;

2. As at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act, as they apply to the Company, and sections 674 and 674A of the Act; and

3. As at the date of this notice, there is no information that is ‘excluded information’ within the meanings of section 708A(7) and 708A(8) of the Act which is required to be disclosed by the Company under section 708A(6)(e) of the Act, being information:

4. a) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; or

5. b) that investors and their professional advisers would reasonably require for the purposes of making an informed assessment of:

   • i. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

   • ii. the rights and liabilities attaching to the Shares.

This announcement was authorised for release by the Interim CEO & CFO, Charles Altshuler.

For further information, please contact:

Charles Altshuler Interim CEO & CFO

P: +61 8 6118 7240

E: ca@globemm.com

==> picture [111 x 32] intentionally omitted <==

About the Kanyika Niobium Project

The Kanyika Niobium Project is located in central Malawi, approximately 55km northeast of the regional centre of Kasangu. The Project is secured by Large-Scale Mining Licence No. LML0216/21, which grants the Company security of tenure and the right to mine niobium, tantalum, deleterious uranium, Zircon, Hafnium, Praesidium and Neodymium.

Drilling programs totalling 33.8 kilometres of percussion and core drilling have defined the extent of mineralisation. Structured and progressive engineering studies have resulted in the current (JORC 2012) Mineral Resource Estimate (refer below) and given rise to significant improvements and simplifications in the process flowsheet.

The Kanyika Project will be developed in two phases, substantially de-risking the project. The project will be fully integrated on the mine site – Mining, Concentration and Refining, to produce high-purity, high-value Niobium and Tantalum oxides for direct export to foreign markets.

A Mineral Resource Estimate for the Kanyika Niobium Project under the 2012 JORC guidelines was reported to ASX on 11 July 2018 as follows:

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

Mineral Resource Estimates

The information in this report that relates to Mineral Resources is extracted from the report titled “Kanyika Niobium Project – Updated JORC Resource Estimate” released to the Australian Securities 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 information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.

The Company confirms that is not aware of any new information or data that materially affects the information included in the original ASX announcement released on 11 July 2018 and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the original ASX announcement continue 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 2028 titled “Kanyika Niobium Project – Updated JORC Resource Estimate” avaialble to view at www.globemm.com.