GLOBE METALS & MINING LIMITED - Interim / Quarterly Report 2014

ASX RELEASE

ASX RELEASE 30 June 2013 31 July 2014

June Quarter 2014 Activities Report

Investment Summary

ASX listed resources company (ASX:GBE)

Globe Metals & Mining (“ Globe ” or “ the Company ”; ASX:GBE) presents its June Quarter 2014 Activities Report:

Highlights

100% interest held on projects in Malawi including niobium, graphite and rare earths
Malawi Kanyika Niobium project in feasibility optimisation

Corporate

Cash in bank 30 June 2014: $19.8M
3 million Class B Performance Shares expired on 30 June 2014

Directors and Management

Non‐Executive Chairperson Ms Alice Wong
Managing Director Mr Alistair Stephens
Executive Director & Deputy CEO
Ms Shasha Lu

Kanyika Niobium Project

  - Development Agreement (DA) negotiations were undertaken on 13 May.

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 9,450,000 (various)

232 soil samples and 45 rock chip samples were collected from the Kanyika area. Assay results are pending.

Exploration

Chiziro Graphite Project: On 25 June 2014, Globe announced the assay results of 40 rock chip samples collected during an exploration programme conducted during March and April 2014. Of the 40 samples collected 22 assayed greater than 10% Total Graphitic Carbon (TGC), with one sample assaying a high of 52.5% TGC. Consequently, 5,600 metres of trenching was planned.

Contact

Alistair Stephens Managing Director [email protected] T: +61 (0)8 9327 0700

Machinga Rear Earth Project: 79 rock chip samples and 219 soil samples were collected from the Machinga Main South Zone to further delineate the Nb‐Ta and Total Rare Earth Oxides (TREO) anomalism located from sampling in 2013. Assays from the June quarter sampling programme are still pending.

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1 Corporate

1.1 Finance

The Company had A$19.8M cash in the bank at 30 June 2014
Three million Class B Performance Shares issued is December 2009 lapsed on 30 June 2014. There are no other Performance Shares on issue. 9,450,000 unlisted options remain on issue.

2 Kanyika Niobium Project (KNP) Progress

2.1 Development Agreement Negotiations

Development Agreement (DA) negotiations were undertaken on 13 May 2014. It was concluded that the negotiations will re‐commence after the Malawi general election and when Globe has completed the metallurgical test work currently underway in China.

2.2 Environmental Impact Assessment (EIA) update

A review of the EIA will be undertaken at the completion of the demonstration plant optimisation.

2.3 Optimisation Test‐work

The Kanyika pilot plant campaign is currently underway at the Guangzhou Research Institute for Non‐Ferrous Metals (GZRINM), where the bulk sample collected from the Kanyika Niobium Project is being used to optimise the Kanyika concentrator process and also validate previously acquired bench‐scale testing data. The first of four pilot plant runs has recently come to completion and results attained have generally been in‐line with the results of bench‐scale tests undertaken as part of earlier optimisation efforts. The second pilot plant run has now commenced where another feed blend mixes are being evaluated.

At the outset of the pilot plant campaign, the optimisation effort undertaken involved making minor changes to the processing circuit to increase recovery and grade of the concentrate, as well as reduce reagent consumption. The mineral concentrate produced from this pilot plant exercise will be used for further downstream metallurgical testing and production of marketing samples. Preliminary samples have been collected and mineralogical work completed at a Perth metallurgical laboratory in Perth to support optimisation efforts.

Pilot plant testing is scheduled to be completed during the September quarter.

3 Exploration

Globe has niobium, graphite and rare earth exploration and development projects in Malawi and Mozambique, Africa.

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Figure 1‐ Project Location Map

3.1 Kanyika Niobium Project

During the June quarter Globe carrie d out a soil a n d rock chip s a mpling prog r am within t h e Kanyika EP L . A total of 45 rock chips and 232 s oil samples w ere collecte d (Figure 2), r esults for th e se are pendi n g. The objective of the program is to delineate additional Nb‐Ta mineralis a tion south o f the Kanyika deposit.

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Figure 2: Rock Chip and Soil Sample Location Map

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3.2 Machinga Rare Earth Project

During the June quarte r 79 rock chip samples and 219 soil sam p les were col l ected from t h e Machinga Main South Zone to fu r ther delinea t e the Nb‐Ta a nd Total Rar e Earth Oxide s (TREO) ano m alism located from sampling in 2013. In the 201 3 sampling p r ogramme so i l samples up to 3,258pp m Nb2O5, 120 ppm Ta2O5 a n d 3,518ppm TREO were located. A s says from the June quart e r sampling p rogramme a r e still pending, however F igures 3 and 4 show the sample loc a tions relativ e to the ano m alism locate d in 2013.

Dependen t on the resu l ts of the Jun e quarter sa m pling progra m me, follow‐up explorati o n will be pla n ned during the Septe m ber quarter, most likely t o include furt h er soil sampling and trenching.

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Figure 3‐ Soil Sample Contours for Nb2O5 with 2014 sample locations shown

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Figure 4‐ Soil Sample Contours for TREOs with 2014 sample locations shown

3.3 Chiziro Graphite Project

As report e d on the A S X on 25 Ju n e 2014, ass a ys of 40 ro c k chip sam p les collecte d during the exploration programm e conducted i n March and April 2014 h a ve been co m pleted and t h e results are considered encouraging. Of the 40 s amples colle c ted 22 assay e d greater th a n 10% Total G raphitic Car b on (TGC), wi t h one sampl e assaying a high of 52. 5 % TGC.

The samples were coll e cted from t h e Chimutu P rospect are a where two converging b road zones of graphite mineralisa t ion have be e n defined, one approxim a tely seven k i lometres in length (referr e d to as the Main Zone) and the ot h er approximately two kil o metres in le n gth (referred to as the Musinda Zone) ( r efer Figure 5). Individual graphite z o nes vary fro m several metres to over 5 0 metres in w i dth.

Based on the geological mapping an d the initial e n couraging r o ck chip sam p ling results, a broad spac e d trenching programm e has been planned for t h e Chimutu a r ea, to test t h e extent of g raphite min e ralisation. A n estimated

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5,600 met r es of trenching is planne d for the Mai n and Musinda zones, and was underw a y at the end of the June quarter. A t renching pr o gramme was planned to b e completed d uring the Se p tember qua r ter.

In addition to the explo r ation work, G lobe will undertake preli m inary metallurgical testwo r k.

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Figure 4: Planned Chiziro Trench locations

3.4 Salambidwe Rare Earth Project

There were no exploration activitie s completed at Salambid w e during th e June quart e r; however exploration planning f o r the forthcoming quarter is underway.

3.5 Memba Titanium‐Iron Project

There wer e no explora t ion activities completed a t Memba du r ing the June Quarter; ho w ever a re‐as s essment of exploratio n value will be complet e d this forth c oming quar t er to ascer t ain whethe r the licence should be maintaine d within Glob e ’s portfolio.

4 Schedule of Mineral Tenements as at 30 June 2014

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	Project JV Partner Status Tenement Interest held by Globe Metals & Mining Limited
Malawi	Kanyika Granted EPL0188‐2005R 100%
	Salambidwe Granted EPL0289/10 100%
	Machinga Granted EPL0230/07R 100%
	Chiziro Granted EPL0299/10 100%
Mozambique	Memba Granted 4832L, 4831L 100%

Note: EPL: Exclusive Prospecting Licence (Malawi)

L: Exclusive Prospecting Licence (Mozambique)

5 Activities for the next quarter

Over the next quarter Globe’s activities will include:

Trenching and sampling programme on the Chiziro Graphite Project
Undertaking preliminary metallurgical testwork for the Chiziro Graphite Project
Soil sampling results at Machinga
Assorted geochemical and geophysical exploration surveys at Kanyika
Plan exploration programme for Salimbidwe and ascertain the exploration value of Memba
Analysis of Kanyika optimisation plant results
End of year financial report

ENDS

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.

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Contact:

Alistair Stephens Shasha Lu Managing D irector Deputy CEO and Ex Globe Met a ls & Mining L td Globe Metals & Mi Tel: +61 (0 ) 8 9327 070 0 Tel: + 6

Deputy CEO and Ex e cutive Direc t or Globe Metals & Mi n ing Ltd Tel: + 6 1 (0) 8 9327 0 700

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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 Kanyika Niobiu m Project is located in M a lawi, which will produce niobium and tantalum products; key additives i n steels and electronics.

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.

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AI assistant

GLOBE METALS & MINING LIMITED Interim / Quarterly Report 2014

64965_rns_2014-07-30_abd9d4cd-871b-470b-bccd-53a686a5fcdf.pdf

ASX RELEASE

ASX RELEASE 30 June 2013 31 July 2014

June Quarter 2014 Activities Report

Investment Summary

Highlights

Corporate

Directors and Management

Kanyika Niobium Project

Exploration

Contact

1 Corporate

1.1 Finance

2 Kanyika Niobium Project (KNP) Progress

2.2 Environmental Impact Assessment (EIA) update

2.3 Optimisation Test‐work

3 Exploration

3.1 Kanyika Niobium Project

3.2 Machinga Rare Earth Project

3.3 Chiziro Graphite Project

3.4 Salambidwe Rare Earth Project

3.5 Memba Titanium‐Iron Project

5 Activities for the next quarter

ENDS

About Globe Metals & Mining

AI assistant

GLOBE METALS & MINING LIMITED — Interim / Quarterly Report 2014

64965_rns_2014-07-30_abd9d4cd-871b-470b-bccd-53a686a5fcdf.pdf

ASX RELEASE

ASX RELEASE 30 June 2013 31 July 2014

June Quarter 2014 Activities Report

Investment Summary

Highlights

Corporate

Directors and Management

Kanyika Niobium Project

Exploration

Contact

1 Corporate

1.1 Finance

2 Kanyika Niobium Project (KNP) Progress

2.2 Environmental Impact Assessment (EIA) update

2.3 Optimisation Test‐work

3 Exploration

3.1 Kanyika Niobium Project

3.2 Machinga Rare Earth Project

3.3 Chiziro Graphite Project

3.4 Salambidwe Rare Earth Project

3.5 Memba Titanium‐Iron Project

5 Activities for the next quarter

ENDS

About Globe Metals & Mining

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GLOBE METALS & MINING LIMITED Interim / Quarterly Report 2014