GLOBE METALS & MINING LIMITED — Investor Presentation 2013

Nov 11, 2013

ASX RELEASE

ASX RELEASE 30 June 2013

12 November 2013

Investment Summary

• ASX listed African-focused resources company (ASX:GBE)

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

• Malawi Kanyika Niobium project in feasibility optimisation

• Strategic partnership with major shareholder (54%) East China NonFerrous Metals Investment Holding Co. Ltd (ECE)

Investor Update - November 2013

Globe Metals & Mining (“ Globe ” or “ the Company ”; ASX:GBE) is pleased to present its Investor Update for November 2013.

The presentation focuses on the current fund raising and future development of Globe.

Highlights

• Investment update

• 2013 achievements

Directors and Management

Non-Executive Chairman

Mr Yi, Shao Managing Director

Mr Stephens, Alistair Executive Director & Deputy CEO

Ms Lu, Shasha Non-Executive Director

Ms Wong, Alice Mr Tian, Jingbin Mr Stephens, Peter

• Share price analysis

• Board of Directors

• Fund raising

• Explanation of Independent Experts Report

• Fund raising timetable

• Kanyika Niobium Project optimisation

Independent Non-executive Director

Mr Hayden, William Mr Tan, Bo

CFO & Company Secretary

Ms Angel, Kerry

FPOS 220,339,131 OPTIONS 11,750,000 (various) GBEAQ 3M Rights expire June 2014 C Notes 29,050,800 expire 06/14

Contact

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

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: globemetalsandmmining.com.au | Email: info@globemetalsandmining.com.au | ABN 33 114 400 609 | ASX:GBE

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ENDS

Contact: Alistair Stephens Managing Director Globe Metals & Mining Ltd Tel: +61 (0) 8 9327 0700

Shasha Lu

Deputy CEO and Executive Director Globe Metals & Mining Ltd Tel: +61 (0) 8 9327 0700

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About Globe Metals & Mining

Globe is an African-focused resources company, with a strategy to become a niobium and tantalum producer in Africa, and to grow the company’s investment opportunities in the minerals industry.

Globe’s current focus is the Kanyika Niobium Project in Malawi, which will produce niobium and tantalum products; key additives in steels and electronics. The Mineral Resource statement substantiates that Kanyika could support a 20 year mine life.

Globe’s corporate head office in Perth, Australia is supported by regional operational offices in Lilongwe and Maputo. The Company has been listed on the ASX since December 2005 (ASX:GBE) and is 54% owned by a Chinese State Owned Enterprise, East China Exploration and Development Bureau.

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Investor Update Alistair Stephens – Managing Director November 2013

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Disclaimer and Competent Person’s Statement

Disclaimer: The views expressed in this presentation contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Any forward looking statements in this presentation have been prepared on the basis of a number of assumptions which may prove incorrect and the current intentions, plans, expectations and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside Globe Metal & Mining Limited’s control. Important factors that could cause actual results to differ materially from the assumptions or expectations expressed or implied in this presentation include known and unknown risks. Because actual results could differ materially to the assumptions made and Globe Metal & Mining Limited’s current intentions, plans, expectations and beliefs about the future, you are urged to view all forward looking statements contained in this presentation with caution. This presentation should not be relied upon as a recommendation or forecast by Globe Metals & Mining Limited. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction.

Competent Person’s Statement: The information in this presentation that relates to Globe Metals & Mining (ASX:GBE) is based on information compiled, reviewed or prepared by Mr. Fergus Jockel, Exploration Manager for Globe Metals & Mining, who is a Member of the Australasian Institute of Mining & Metallurgy and of the Australian Institute of Geoscientists. Mr. Jockel has sufficient experience, which is relevant to the style of mineralization and type of deposits under consideration and to the activities undertaken, to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code). Mr. Jockel consents to the inclusion in this presentation of the matters based on this information, in the form and context in which they appear.

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Investment Highlights
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Technical relationship with ECE Cash Financial relationship with new strategic investor Apollo Investor Growth KNP Strengthening financial position Strengthening management capability Capability Finalising Engineering Study of Kanyika Niobium Project

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2013 Achievements
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Technical

• Engineering optimisation provides encouraging test results

• New processing route to significantly lower Capex

Corporate

• ECE to fund exploration activities

• Kanyika Development Agreement negotiation progressing with GoM

• On market share buy-back completed

• Convertible notes issued to new strategic investor-Apollo

• Rights Issue to all shareholders

• Appointment of highly experienced Managing Director

Cash

• $14M in bank at 30 September 2013

• To raise additional $11.5M (before cost)

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Corporate Snapshot
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Tightly held register with supportive long-term shareholders

Market Status	Market Status
ASX Code	GBE
Share price	A$0.040
52 weeks range	A$0.080-0.037
Average daily turnover (3 months)	53K shares
Shares on issue	220M
Market capitalisation	8.15M
Debt (cash) at Sep. 2013	14M

Major Shareholders	Major Shareholders
AO-Zhong International Min. Res. (ECE)	53.62%
CITICORP Nominees Pty Limited	6.17%
JP Morgan Nominees Australia	3.19%
HSBC Custody Nominees	1.42%
Goeng Investment PTY LTD	1.07%
Top 20:	72.9%

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Share Performance
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June 2012 - June 2013

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Share Performance
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July 2013 - Nov 2013

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Yi Shao

Non-Executive Chairman

• Chairman of ECE Holding

• Extensive career in public service and resource industry

Bill Hayden

Non-Executive Director

• Geologist

• over 36 years experiences

• President of Ivanhoe Nickel and Platinum Ltd

Alice Wong

Non-Executive Director

• Apollo Nominee

• Hon. Business Administration Accounting; AICPA

• Extensive career in investment banking

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Peter Stephens

Non-Executive Director

• MBA, member of CPA Aus

• Many years experience in senior financial roles

Jingbin Tian

Non-Executive Director

• ECE nominee

• LLM of international commercial law

• 20 years experience in international procurement

Bo Tan

Non-Executive Director

• MBA and CFA

• Over 15 years experience in finance and investment

• Deep understanding of the Greater China market

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Alistair Stephens

Managing Director

• Over 30 years experience as a geologist and mining company executive

• Instrumental in developing Arafura Resources

Kerry Angel

Chief Financial Officer / Company Secretary

• CPA, ACSA

• Over 20 years experience in professional and corporate roles , including ASX listed companies

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Shasha Lu

Executive Director and Deputy CEO

• EMBA, Ph.D., Graduate of AICD

• Former CEO of Hong Kong East China Non-Ferrous Mineral Resources Co. Ltd.

Fergus Jockel

Exploration Manager

• Geologist

• Over 30 years experience in exploration and mining

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Fund Raising
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$11.5M cash to be raised

• Apollo, a private investment fund

Who

• Invest on growth and acquisition potential

• Long term and loyal investor

• Convertible Notes Issued to Apollo

How

• 1:1 Right Issue to all shareholders

• Fully underwritten by Apollo

• Kanyika Engineering Optimisation

Why

• Bulk Sampling

• Strategically placed for other project acquisition

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Fund Raising
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Shares

Opinion

Shares on issue: 220,339,131 Add Rights Issue: 220,339,131 Total after: 440,678,262

Funds

Funds at start $13m Add Convertible Note $1.6m Add Rights Issue $9.9m Forecast November 2013 $24m

(after costs)

Independent Experts Report

Unfair

• Fairness was calculated using a comparison between the offer price and the value attributed to the securities under offer.

• The rights issue offer price of A$0.045 was a midpoint of the previous month trading range of A$0.041 to A$0.05. In the opinion of the independent expert, the transaction is unfair because the offer price should have been higher.

• The proposal would be fair to shareholders if the issue price was greater than or equal to the implicit value of the shares in Globe currently on issue.

Reasonable

• The rights issue is reasonable because the offer price meets the Company objectives as outlined in the rights issue offer document, and that equity funding in the current market is difficult.

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• An offer can be reasonable even if not fair if there are sufficient grounds to accept in the absence of any higher bid. 11

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Fund Raising Timetable
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Activity	Date (2013)
Issue convertible notes	13 September
Rights issue ‘Ex’ date	23 October
Record date for rights issue	29 October
Send offer document	4 November
Annual General Meeting	18 November
Acceptance close	29 November
New shares quoted for trading on deferred settlement basis	2 December
Shortfall date	4 December
Underwriter subscription date	4 December
Issue date for new rights issue shares	9 December
Normal ASX trading for new shares commences	10 December

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Kanyika Engineering Optimisation
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• Focus on a project review and optimisation program for the Kanyika Niobium Project

• Engage Chinese metallurgical expertise, technology and procurement avenues via its major shareholder (ECE)

Optimisation program:

• Consists of flotation optimisation and refining optimisation

• Flotation optimisation testing has delivered:

• High concentrate grade >37%

• Improved recoveries from ~70% to ~75%

• Reduced reagent requirements and cost

• Smelting concentrate has demonstrated production of a saleable ferroalloy

• Demonstration plant for flotation and smelting to commence shortly

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Processing Flowsheet
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Mining
Milling
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Option A Leach Refinery Nb2O5
Ta O
2 5
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Flotation
Concentrate
> 37%
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Option B
Fe-Nb-Ta
Smelting
Alloy
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Refinery / Smelting Downstream

Concentrator / Upstream

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Project Locations
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Outlook for 2014
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Assess project acquisition opportunities

Deliver KNP optimisation

Strengthen corporate capacity

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Alistair Stephens Managing Director and CEO ajs@globemm.com.au