For personal use only · gest govern Niobium Pro Project encountered and along irms Globe’s...

18
29 Gl Qu * 9 October obe Metals uarter 2012 This exploratio China De o The Co one of finance Kanyika o In-fill d interse o Drilling o Upgrad o Coffey o Major t party C o Discus o First dr Acquisit o Comp o 2,020 o Explo Corporat o Streng placed o Strong explora Corporat Globe key p r 2012 Sep s & Mining Activities R on target is conc evelopme ompany rece f China’s lar e its Kanyika Niobium drilling has ected at depth g to date conf ded resource Mining has technical are Chinese refin ssions advan raft of DFS re tion of the pleted 100% 0km 2 licence oration targe te thened senio to implemen cash positio ation program te Social R e continues project areas ptembe (“Globeo Report: ceptual in nature nt Bank L eived a Lette gest govern a Niobium Pro Project encountered h and along firms Globe’s e estimate al been contrac eas within ref ners progress cing with CD emains on tr e Chiziro G % acquisition – two projec t of 15-20Mt or managem nt strategy du on of $26.2m m across pro Responsib to progress s with a focus r Quart or “the Com e and it is uncer Highli Letter of In er of Intent ( ment–owned oject (KNP) i d wide zone strike from k s previous or ready underw cted to unde finery flow sh sing with ass DB regarding rack for comp Graphite P of the advan cts comprisin at 5-10% gr ent team wit uring transitio m – fully funde oject portfolio bility initiatives to s on essentia ter 2012 mpany”; AS rtain whether fu ights ntent – Kan (LOI) from th d banks, to in central Ma es of mode known minera rebody mode way rtake the min heet resolved sistance from project finan pletion by en Project nced Chiziro ng 12 individ raphite* th appointme on from expl ed to comple o o support the al health and 2 Activit SX:GBE) is rther exploration nyika Niob he China Dev provide a cr alawi. erate to hig alisation elling ning study d – potential m ECE ncing param nd of current Graphite Pro ual graphite ent of Acting lorer to deve ete DFS for K e local comm education. ties Rep s pleased to n work will resu bium Proje velopment B redit facility t h grade mi joint venture eters quarter oject, in Mala deposits CEO and CF loper KNP and prog munities surr port to present i lt in a JORC res ect Bank (CDB), to Globe to ineralisation es with third awi. FO – well gress rounding its its Septemb source. ber For personal use only

Transcript of For personal use only · gest govern Niobium Pro Project encountered and along irms Globe’s...

Page 1: For personal use only · gest govern Niobium Pro Project encountered and along irms Globe’s estimate al been contrac as within ref ers progress cing with CD mains on tr Chiziro

29

GlQu

*

9 October

obe Metalsuarter 2012

This exploratio

China De

o The Coone offinance

Kanyika

o In-fill dinterse

o Drilling

o Upgrad

o Coffey

o Major tparty C

o Discus

o First dr

Acquisit

o Comp

o 2,020

o Explo

Corporat

o Strengplaced

o Strong explora

Corporat

Globekey p

r 2012

Sep

s & Mining Activities R

on target is conc

evelopme

ompany recef China’s lare its Kanyika

Niobium

drilling has ected at depth

g to date conf

ded resource

Mining has

technical areChinese refin

ssions advan

raft of DFS re

tion of the

pleted 100%

0km2 licence

oration targe

te

thened senio to implemen

cash positioation program

te Social R

e continues project areas

ptembe

(“Globe” oReport:

ceptual in nature

nt Bank L

eived a Lettegest govern

a Niobium Pro

Project

encounteredh and along

firms Globe’s

e estimate al

been contrac

eas within refners progress

cing with CD

emains on tr

e Chiziro G

% acquisition

– two projec

t of 15-20Mt

or managemnt strategy du

on of $26.2mm across pro

Responsib

to progress s with a focus

r Quart

or “the Com

e and it is uncer

Highli

Letter of In

er of Intent (ment–ownedoject (KNP) i

d wide zonestrike from k

s previous or

ready underw

cted to unde

finery flow shsing with ass

DB regarding

rack for comp

Graphite P

of the advan

cts comprisin

at 5-10% gr

ent team wituring transitio

m – fully fundeoject portfolio

bility

initiatives tos on essentia

ter 2012

mpany”; AS

rtain whether fu

ights

ntent – Kan

(LOI) from thd banks, to in central Ma

es of modeknown minera

rebody mode

way

rtake the min

heet resolvedsistance from

project finan

pletion by en

Project

nced Chiziro

ng 12 individ

raphite*

th appointmeon from expl

ed to compleo

o support theal health and

2 Activit

SX:GBE) is

rther exploration

nyika Niob

he China Devprovide a cralawi.

erate to higalisation

elling

ning study

d – potential m ECE

ncing param

nd of current

Graphite Pro

ual graphite

ent of Acting lorer to deve

ete DFS for K

e local comm education.

ties Rep

s pleased to

n work will resu

bium Proje

velopment Bredit facility t

h grade mi

joint venture

eters

quarter

oject, in Mala

deposits

CEO and CFloper

KNP and prog

munities surr

port

to present i

lt in a JORC res

ect

Bank (CDB), to Globe to

ineralisation

es with third

awi.

FO – well

gress

rounding its

its Septemb

source.

ber

For

per

sona

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Page 2: For personal use only · gest govern Niobium Pro Project encountered and along irms Globe’s estimate al been contrac as within ref ers progress cing with CD mains on tr Chiziro

2

1

DuEx

MrDir

SuSeanReWhWe

2

AsBafin

Thsuthefro

CDpuis

3

GlCodrabe

OnMiwit

3.

Th

Board

uring the qxecutive Off

r Fergus Jorector/CEO

ubsequent tecretary. Msnd unlisted esources Lhitehaven Cestern Aust

China

s announceank (CDB), ance its Ka

he LOI markbject to a ne provision om the CDB

DB stated, “ut final and bcompleted.

Kanyi

obe’s flagshompany hasaft of the D

e completed

nce the finane (DTM) inth the Gove

1 Infill D

he 2012 Kan

Resourc

Geotech

d and M

uarter, Mr ficer (CEO)

ckel has be. Mr Jockel

to the quartes Angel brimining, mi

Limited (ASCoal Limitetralia with a

a Develo

ed on 10 Juone of Ch

anyika Niobi

ks an impornumber of cof finance,

B credit com

“We are debinding fina”

ka Niob

hip project, s made sigefinitive Fe

d in Q1 2013

al economicn February ernment of M

Drilling P

nyika Drillin

ce Infill Drill

hnical Drillin

anagem

Mark Sumof the Com

een appointwill also co

er, Ms Kerrngs over 1ning servic

SX:CHZ), Bed (ASX:WH

Bachelor o

opment

uly 2012, Gina’s largesium Project

rtant step toconditions , relevant a

mmittee.

elighted to bancing arran

bium Pr

the advancgnificant proasibility Stu3.

c model has2013. (Ref

Malawi towa

Program

g program

ling

ng

ment Ch

mich steppempany and a

ted as Actinontinue in hi

ry Angel has8 years’ exes and ene

Bondi Ltd. HC) amongof Business.

Bank –

Globe receivst governmin central M

owards brinincluding te

approvals fr

be involved ngements in

roject

ced Kanyikaogress on audy (DFS) b

s been comer announcards finalisi

included thr

hanges

ed down froas a Directo

ng CEO untis role as th

s been appxperience wergy compaMining (AS

gst others. .

– Financ

ved a Lettement-owned Malawi.

ging Kanyikechnical anrom the Go

in this Projn place, onc

a Niobium a number oby the end o

mpleted, Glocement 30 Jng the Proj

ree differen

om his roleor with imme

il the Comphe Company

pointed as Cworking in sanies, havinSX:BOM), HMs Angel g

cing

er of Intent banks, to

ka into prodd financial

overnments

ject, and loce the Defin

Project, is oof other actof the curre

obe will be July 2012). ect Develop

nt componen

e as Manaediate effec

pany has apy’s Explorat

Chief Financsenior finanng previousHot Rock graduated f

(LOI) from provide a c

duction. Thedue diligenof Malawi

ok forward nitive Feasib

on track forivities requi

ent quarter w

in a positioGlobe has cpment Agre

nts:

aging Direcct.

ppointed a ntion Manag

cial Officer nce roles wsly worked Limited (Afrom Curtin

the China credit facilit

e LOI is nonnce, concludand China

to working bility Study

r productionired to comwith the fin

on to make commence

eement.

ctor and Ch

new Manager.

and Compawith ASX list

with ChessASX:HRL) an University

Developmty to Globe

n-binding, ading terms and appro

with Globefor the Proj

n in 2015. Tmplete the fal DFS due

a Decisiond negotiatio

hief

ing

any ted ser

and y in

ent e to

and for

oval

e to ect

The first e to

n to ons F

or p

erso

nal u

se o

nly

Page 3: For personal use only · gest govern Niobium Pro Project encountered and along irms Globe’s estimate al been contrac as within ref ers progress cing with CD mains on tr Chiziro

3

Th(R

Metallur

he entire DrRC) holes an

rgical Drillin

rilling Progrnd 43 Diamo

ng

am extendeond holes fo

Fig 1: Ka

ed from earor a total of

anyika Infill

rly April till f 15,037.57m

Program dr

late Augustm drilled (F

rillhole locat

t. It includedigure 1).

tion map.

d 67 Reverrse Circulat

tion

For

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4

ThCogre

Be

3.

In fac

4

In strind

he results fompany noweater certai

est results to

25m @

41m @

17m @

12m @

2 Defini

addition to cets of the K

Mining mining operatiostudy aare comworks.

Refinery- all mabeen inarrangetransferbeen aDevelop

Metallurare exp

Environundertaby SynepersonnReview

Developmodel fonext rou

Chizir

Septemberrong positiodividual gra

from the 20w fully anticnty.

o date inclu

4,289ppm

4,792ppm

19,632ppm

5,173ppm

tive Feas

the resourcKanyika Nio

Study and study and

ons with thend plant-sit

mpleted. Kn

y testwork aajor technicanvolved in ements for trs may provarranged thpment Bure

rgy - conceected to be

mental - taking its in-hergistics onnel and the & Commen

pment Agrefor the KNP unds of mee

ro Grap

r 2012, Globon in Malawphite depos

012 drilling cipates the r

ude

m Nb2O5 99

m Nb2O5 221

m Nb2O5 534

m Nb2O5 216

sibility Stu

ce drilling deobium Proje

plant-site ithis is no

e first draft e infrastrucight Piésold

and allianceal areas wit

developingechnology tvide significhrough Globeau (ECE).

entrate leache received b

he Technichouse revien behalf ofCommittee

nt phase as

eement - thwas lodged

etings are s

hite Pro

be acquiredi. The 2,020sits, all at su

to date haresource wi

9ppm Ta2O

1ppm Ta2O

4ppm Ta2O

6ppm Ta2O

udy Upda

etailed abovect DFS dur

infrastructuow underwamining sch

cture constrd and Overf

es with Chinthin the refg strategictransfer with

cant businesbe’s substa

hing test-woby Novembe

cal Commitew regardinf Globe. The is now mas required by

he first drad with the G

scheduled.

oject, M

d 100% of t0sqkm licenurface.

ave confirmill be upgrad

O5 122ppm U

O5 116ppm U

O5 619ppm U

O5 131ppm U

ate

ve, there haring the qua

re - Coffeyay. Tenderedule to be

ruction, all sflow have c

nese partnefinery flow-sc alliances h third partyss risk and antial share

ork has comer 2012.

ttee of theg the Envir

he EAD haaking its finay Malawi la

aft DevelopmGovernment

alawi

he Chiziro nce contain

med Globe’sded, and m

U3O8 (from 1

U3O8 (from 9

U3O8 (from 5

U3O8 (from

as been sigarter.

y Mining hars have bee completedsite investigompleted th

ers for technsheet are n

with potey refiners. Pcost mitigaeholder Ea

mmenced a

e Environmronmental Imas had meeal recommew.

ment Agreet of Malawi

Graphite Prs two proje

s previous ine planning

136m; Milen

95m; Milenj

57m; Uzam

surface; Pa

nificant pro

as been coneen issued d in Octobeations and he design d

nology transow resolvedntial Chine

Potential joination. Theseast China M

at Mintek in

ental Affairmpact Asseetings with ndations be

ement (DA)in July and

roject, conscts, Chimut

orebody mg can proce

nje Zone)

je Zone)

mbazi Zone)

angano Zon

ogress made

ntracted to for the co

r. To facilitageotechnic

definition for

sfer to thirdd. Globe peese partnent ventures e potential aMineral Ex

South Afric

rs Departmessment (E

Globe andefore it goes

) including d is still unde

solidating Gtu and Kate

modelling. Teed with mu

ne)

e on other k

complete tontract minate the mincal test repor all major c

d party refinersonnel hars leading or technolo

alliances haxploration a

ca and resu

ment (EAD)IA) completd Synergists to the Pub

an economer review. T

lobe’s alreaengeza and

The uch

key

the ing ing

orts civil

ers ave

to ogy ave and

ults

) is ted tics blic

mic The

ady 12

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5

4.

4.

BaLim(grals

1 Snaps

2,020 k

Initial ex

Rock cmineral

Previoupresent

Graphitelithium-i

2 Geolo

ased on themited in 199ranulite facso there are

Fig 2: Geo

shot

m2 licence –

xploration ta

hip samplinisation (see

sly reportet to enable G

e a strategion batteries

ogy & Min

e geologica95, the majies), quartz

e pegmatite

ological pla

– two projec

arget of 15-

ng undertae table 1 be

ed resourceGlobe’s tech

gic mineral s (some cro

neralisatio

al synthesisority of the

zite and maand lampro

an of the Chi

cts compris

-20Mt at 5-1

aken duringlow)

e estimates hnical team

in high deossover with

on

s completedlease area

arble intrudeophyre dyke

iziro area. T

sing 12 indiv

10% Graphi

g technical

at Chizirom to report a

emand, with REEs)

d by Little a is underlaed in part bes.

Typical examProject.

vidual graph

ite

Due Dilige

o (1995) noa JORC reso

th advance

Belt Consuin by a variby felsic an

mple of grap

hite deposits

ence revea

ot considereource

d technolo

ulting servicety of Prote

nd alkalic ro

phite gneiss

ts

aled substa

ed sufficien

ogy applicat

ces on beherozoic gneocks, mainl

found at th

ntial Graph

ntly reliable

tions such

half of Caceiss and schly syenite a

e Chiziro

hite

at

as

het hist and

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6

In gngrabe

ThpoPr

Thare

the areas neiss. Graphaphite-rich

een targeted

here is somotential mineoterozoic ro

he “Chiziro ea. Twenty

SAMPLE

CA000

CA000

CA000

CA000

CA000

CA000

CA000

CA000

CA000

CA00

CA00

CA00

CA00

CA00

CA00

CA00

CA00

CA00

CA00

CA002

of graphitehite is ubiqulenses dev

d by explore

me surface eralised depocks are co

Project Regsamples w

E_ID

01

02

03

04

05

06

07

08

09

10

11

12

13

14

15

16

17

18

19

20

e mineralisauitous throuelop and thers in the pa

enrichmentposits are wvered by Q

gional Geolere taken in

Tab

PROSPEC

Chimutu

Chimutu

Chimutu

Chimutu

Chimutu

Chimutu

Chimutu

Chimutu

Chimutu

Katengez

Katengez

Katengez

Katengez

Katengez

Katengez

Katengez

Katengez

Katengez

Katengez

Katengez

ation the roughout this shese are theast. There is

t of graphitewithin the unuaternary a

ogy” figure n the field; t

ble 1: Assay

CT

u

u

u

u

u

u

u

u

u

za

za

za

za

za

za

za

za

za

za

za

ocks compsequence oe areas of s an overall

e within thenderlying gnalluvium.

(above) sutheir results

y results from

EASTING

606955

606835

606813

606717

610399

610815

606760

609065

607992

631833

631998

632006

631906

631967

633387

633380

632874

632696

633477

634101

rise quartzof gneiss; heconomic il northeast-

e weathereneiss. In the

ummarises ts are in Tab

m field sam

NO

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

-feldspar-biowever, thenterest andsouthwest s

d horizon; e northeast

the geologyle 1.

ples

ORTHING

8471246

8474788

8471228

8471244

8470730

8470239

8474667

8466414

8468095

8478376

8478417

8478476

8478462

8478448

8474338

8474365

8474829

8476053

8476112

8476616

iotite±hornbere are aread are the arstrike to gne

however thof the tene

y and struct

GRA

1

1

4

1

1

1

1

1

1

1

1

1

blend±graphas where threas that haeissic rocks

he bulk of tement area t

ture of licen

APHITE %

6.79

12.40

5.95

8.00

16.90

45.10

15.80

16.40

11.40

9.76

8.35

9.33

11.20

15.80

10.70

10.80

5.50

8.49

14.20

14.60

hite hick ave s.

the the

nce

For

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Page 7: For personal use only · gest govern Niobium Pro Project encountered and along irms Globe’s estimate al been contrac as within ref ers progress cing with CD mains on tr Chiziro

7

4.

Withe

5

Duof TRto

Mudede

3 Future

ith the EPL e Chiziro Gr

Re-ope

Comple

Begin a

Mount

uring the quthe Agglom

REO and 44date and th

ultiple acceevelopment etailed mapp

e Work

now granteraphite Proj

n selected t

ete initial fie

a comprehen

t Muam

uarter a prosmerate and4% CaF2 (Fhe highest C

esses havedrilling on

ping progra

Fig 3

ed, Globe wject:

trenches at

ld activities

nsive mapp

mbe REE

specting pro BB Zones

Figure 3). ThCaF2 outsid

e been opZones AA

m was initia

3: Soil and R

will undertak

the Kateng

including s

ping and pro

E-Fluorit

ogram was s. Over 200hese represde of the Ma

pened and and BB an

ated in the q

Rock chip lo

ke the follow

geza Prospe

soil sampling

ospecting p

te Proje

completed 0 rock chip sent some oain Zone.

drill padsnd exploratquarter and

ocation plan

wing field ac

ect

g over the C

rogram to id

ect

targeting nand soils w

of the highe

s preparedtion drilling will be com

n, Zone BB

ctivities to a

Chimutu Pro

dentify key t

ewly proceswere takenest TREO s

in anticipon the new

mpleted in la

Mount Muam

assess the f

ospect

targets

ssed grounn with resulsurface sam

pation of bew targets. ate Novemb

mbe.

full potentia

d radiometrts up to 5.8

mples collect

both resouA crater w

ber.

l of

rics 8% ted

rce wide

For

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8

Sovaof sa

Be

Be

6

ThMaMa

6.

As3,3

oil lines werriety of veryREE enrichmpling prog

est REE soi

280m w

400m w

est REE roc

5.78% T

4.79% T

4.35% T

Machi

he Machingaay 2012; Gachinga and

Globe toin favou

RSL to in favou

The amGovern

1 Explor

ssaying has348m. Mach

MARC0

MARC0

MARC0

MARC0

re laid dowy significanhed soil samgram has re

l anomalies

width, 15 sam

width, 18 sam

ck chip sam

TREO, 1,29

TREO, 1,95

TREO, 2,51

inga RE

a REE ProjGlobe advised Livingston

o obtain a 1ur of RSL;

obtain a 10ur of Globe;

mendments ment of Ma

ration high

s been comhinga North

023: 2m @ 0

021: 2m @ 0

024: 2m @

033: 3m @ 2

wn across tht REE targemples, suggevealed an

s include:

mples avera

mples avera

ples include

95ppm HRE

54ppm HRE

5ppm HRE

EE Proje

ect was a joed that it wnia licences

100% intere

00% interesand

to the twoalawi.

hlights

mpleted forh drilling hig

0.87% TRE

0.92% TRE

1.20% TRE

2.18% TRE

he expandeets. Of partgesting poteextension to

aging 1.25%

aging 1.18%

e:

EO, 112ppm

EO, 166ppm

EO, 322ppm

ect

oint venturewill amend i

as follows:

est in the M

t in the Livi

o joint ventu

r the 2012 hlights to d

EO with 320

EO with 217

EO with 392

EO with 339

ed Zone BBticular note ential for suo the Zone

% TREO, pe

% TREO, pe

m Dy2O3

m Dy2O3

m Dy2O3

e between Gts joint ven:

Machinga lic

ngstonia lic

ure agreem

drilling proate include

0ppm Dy2O3

7ppm Dy2O3

2ppm Dy2O3

9ppm Dy2O3

B radiometrare the hig

ubstantial zBB mineral

eak 2.14%

eak 1.88%

Globe and Rnture arrang

ence, subje

cence, subje

ments are s

ogram com:

3 (from 11m

3 (from 108m

3 (from 13m

3 (from 66m

ic anomalyghly significaones of bedlised system

TREO

TREO

Resource Sgements wi

ect only to a

ect only to a

subject only

prising 30

)

m)

)

)

y; the resultant widths drock minerm.

Star Limited th RSL in

a 0.7% prod

a 1.0% prod

y to the ap

RC holes

ts show thaof up to 40ralisation. T

(ASX:RSL)respect of t

duction roya

duction roya

pproval of t

for a total

at a 0m

The

) In the

alty

alty

the

of

For

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9

7

Todumi

*A tgrad

Memb

o facilitate inuring the quneralised p

A soil sintervalsNiton XGlobe’s

A high rAugust

5 trench

The resfor drill t

Sample

DA073

DA073

DA073

DA073

DA073

DA073

DA073

DA073

DA073

DA073

DA073

DA073

total of 32 rock-chip sdes for reporting for b

ba Titan

ncreased exuarter. Globpotential of t

sampling prs. 10 lines

XRF. Calibras newly gran

resolution m2012. Final

hes (over 90

sults from mtargeting.

e ID East

3006 6253

3007 6256

3008 6256

3011 6279

3013 6276

3014 6276

3015 6264

3027 6182

3028 6181

3029 6179

3031 6175

3036 6395

sample, 17 soil sampboth TiO2 and Fe are

ium - Ir

xploration obe completethe Memba

rogram waswere comp

ation samplnted 4132 li

magnetic anl airborne d

00m in com

magnetic sur

Table 2: S

ing Northi

396 84547

633 84546

687 84546

978 83555

605 84552

600 84549

410 84557

270 84543

01 84542

907 84543

535 84541

545 84586

ples and 8 trench sa 30%. “X‟ denotes be

ron Proj

on the Memed a numbProject.

s completepleted with les were secense.

nd radiomeata will be a

mbined lengt

rvey along w

Significant T

ng TiO2%

704 49.73

626 21.83

679 1.53

501 1.26

290 0.38

972 48.18

702 1.41

306 38.31

298 48.58

305 35.46

30 30.68

630 1.70

mples were taken inelow detection limits.

ject

ba Project, ber of signif

ed on the 2a total len

ent to Gena

tric 2400 linavailable in

th) will be o

with planne

Ti-V-Fe rock

% Fe% V

35.43

50.21

65.33

68.71

33.50

36.89

66.56

30.13

35.17

28.24

24.53

44.63

n the program, of whi.

Globe estaficant field

2679 licensgth of 9.4kalysis (Tabl

ne kilometreOctober.

pened acro

d trenches

-chip result

V2O5% Al2

0.40 0

0.225 1

0.210 2

0.255 1

0.125 8

0.463 0

0.186 1

0.335 0

0.348 0

0.320 1

0.293 1

0.240 4

ich the twelve reporte

ablished an programs t

e with 540km. The same 2). Samp

e airborne s

oss the strik

and sampli

s, Memba.

2O3% SiO2

0.25 0.8

.85 6.6

2.77 6.0

.31 0.5

8.23 31.8

0.17 0.5

.62 2.0

0.93 12.0

0.35 1.8

.97 14.2

.30 20.7

4.93 24.1

ed represent mineral

explorationto better u

0 samples tmples werepling to exte

survey was

ke of the ilm

ng program

2% P%

81 0.003

63 0.015

08 0.016

52 0.005

83 0.097

57 0.003

00 0.008

04 0.011

88 0.008

28 0.119

79 0.017

19 0.177

lised zones identified

n camp on snderstand t

taken on 2e analysed end north i

s completed

enite layer.

ms will be us

S%

0.001

0.008

0.010

X

0.003

0.001

X

0.002

0.002

0.002

0.003

0.012

in the field. Cut-off

site the

0m by

nto

d in

sed

For

per

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Page 10: For personal use only · gest govern Niobium Pro Project encountered and along irms Globe’s estimate al been contrac as within ref ers progress cing with CD mains on tr Chiziro

10

8

In radweco

9

Glwit

9.

GlemtheLo

Andego

9.

Ed

9.

Mehoow

0

Salam

response todiometric suere taken rresponding

Corpo

obe continuth a focus o

1 Kanyik

obe continmployee. The cost of th

ogistics.

ndries Krugeelivery of thovernment o

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ducation bas

Thirty-fiMalawi

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In Octobthe RoteducatioSecond

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edical equipope to get town staff at th

mbidwe

o positive aurvey were with analyg with previ

orate So

ues to progron essential

ka School

ues to conhe campaig

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er, our Genhe goods tofficials and

ation

sed initiativ

ve studentsconducted

s participation desks to

ber 2012, totary of Craon and youary School

has also dore due to be

udents from They conde in June/J

weni Heat

pment is beo the standhe camp sit

Rare Ea

auger and scompleted

yses due iously collec

ocial Re

ress initiativl health and

ntribute to gn provided t, which is

neral Managto the scho medial rep

es are also

s studying aa site visit a

ing in the T students a

o continue awley Perthuth leadersand the Mz

onated statie given to th

m Departmeducted fielduly 2012.

th Clinic

eing purchadard where es.

arth Pro

oil results a. During then Q4. Procted +2% T

esponsi

ves to suppod education.

a fundraisimuch need

being trans

ger in Africaool. Globe

presentative

being carri

a Bachelor oat Kanyika i

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to provide sh and Afric

ship at two zuzu Acade

onary itemshe school in

nt of Geolod training d

ased so thawe can pro

oject

a targeted pe campaignospecting rTREO rock c

bility U

ort the loca.

ng campaided basic lesported from

a is also invoe will also es invited

ied out acro

of Natural Rin July this

Campaign, sa by 2015.

support to ecan Studenschools in

emy are bot

s to Machinn October 2

ogy of the Uduring a pe

at the clinicovide health

prospecting n approximarevealed twchips.

pdates

l communit

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olved in thishelp co-or

oss Malawi a

Resources year.

set up by Ar

education innts Union, n Malawi, Ah located in

nga School012.

UEM have nriod of app

c can be ophcare to the

program anately 260 rowo broad,

ies surroun

d on a perss to Kanyikto Malawi a

s project anrdinate a h

and Mozam

Manageme

rchbishop D

n Malawi, GUWA, to

Africa. Nkhn northern M

, including

now compleproximately

perational be local com

nd accompaock chip and

high radio

nding its key

rsonal basiska School. Gat cost pric

nd will help chandover c

mbique, incl

ent from The

Desmond T

Globe maderaise fund

homboli CoMalawi.

notepads a

eted their in30 days a

by the end mmunity as

anying groud soil sampometric zon

y project are

s by a GloGlobe donatce by Air La

coordinate tceremony w

uding:

e University

Tutu to prov

e a donations for scien

ommunity D

and pens. T

nternships wat Memba a

of 2012. Wwell as to o

und ples nes

eas

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and

the with

y of

vide

n to nce Day

The

with and

We our

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Page 11: For personal use only · gest govern Niobium Pro Project encountered and along irms Globe’s estimate al been contrac as within ref ers progress cing with CD mains on tr Chiziro

11

A EtaEmfor

Du

Glsy

10

DubroMa

Thincres

Thex

11

representaandweni C

mfeni healthrward.

uring the qu

The nur

Safety d

Results

obe personstem.

0 Corpo

uring the quoader projealawi.

he majority ocluding the source at K

he companyxploration pr

1 Sched

   

Malaw

  Ka  Sa  Ma  Liv  So  Mo  Ch

Mozambique 

  Me

  Me

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ative of the linic in Augh posts. Th

uarter the fo

rse’s house

doors and w

from testin

nnel have b

orate

uarter Globeect portfolio

of the quartcompletion

KNP. At the

y remains frograms ac

dule of M

Project

anyika alambidwe achinga vingstonia outh Rukuru ount Mwinje hirizo emba Globe

emba

emba

ount Muambe

Global Hegust, with they are cu

ollowing dev

next to the

window fram

ng the water

een engagi

e spent $2.8o and costs

terly capitalof the infill time of writ

fully fundedross the co

Mineral

JV P

RRRR

SiLim

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ealth Allianhe aim of

urrently form

velopments

e clinic has b

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d through cmpany’s po

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Partner

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iexpo mitada

handzu erais SA Ussokoti

mitada

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have taken

been built.

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pump we ins

istry of Hea

ctivity to proed with the

re was attrigram desigcapital inten

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ments as

Status

Granted Granted Granted Granted Granted Granted Granted Granted

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n Australia olunteer nurproposal fo

n place at Et

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stalled, show

alth to get t

ogress the acquisition

buted to prned to sign

nsive activiti

of the DFSssets in Mal

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EPL0188-20EPL0289-2EPL0230/0

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4832L3099L, 321

3203L, 32043205L

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570L

(GHAWA) rses to woror Globe to

tandweni H

nic.

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ogressing kificantly upges have no

S and will bawi and Mo

Septem

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005R 2010 07R 5R2 1

2011 /10

17L, 4L &

) visited Mark in the Eo assess th

Health Post:

water is goo

tegrated int

explorationhiziro Graph

key elemengrade the p

ow been com

be implemeozambique.

ber 201

rest held by GMining L

100100

20%80%

RelinquRelinqu

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alawi and tEtandweni ahe next ste

od to for use

to the natio

n activity onhite Project

ts of the DFotential JORmpleted.

enting plann

2

Globe MetalsLimited 0% 0%

% (i) % (i) uished uished 0% 0%

%

%

(ii)

the and eps

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nal

its t in

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ned

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per

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Page 12: For personal use only · gest govern Niobium Pro Project encountered and along irms Globe’s estimate al been contrac as within ref ers progress cing with CD mains on tr Chiziro

12

Co ShDeGl

Te

2

(i) ThCoin En

(ii) ThCo

EPL:

L:

ontact:

hasha Lu eputy CEO obe Metals

el: 9327 070

he Companompany relithe Machin

nergy and E

he Companompany can

Exclusive

Exclusive

and Execut& Mining L

00

y and Resonquished it

nga project.Environment

ny has enten earn up to

Prospectin

Prospectin

tive Directo

Ltd

ource Star ts entire inte. This is pet.

ered into ao 90% intere

ng Licence (

ng Licence (

r

Limited (ASerest in Liviending ratifi

an agreemeest in the te

(Malawi)

(Mozambiqu

SX: RSL) hingstonia prcation from

ent with Baenement.

ue)

Fergus JActing CEGlobe Me

Tel: 9327

has enteredroject in exc

m the Minist

ala Usokot

ockel EO etals & Minin

0700

d into swapchange for try of Natur

ti Limitada,

ng Ltd

, whereby t100% inter

ral Resourc

whereby t

the rest ces,

the

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Page 13: For personal use only · gest govern Niobium Pro Project encountered and along irms Globe’s estimate al been contrac as within ref ers progress cing with CD mains on tr Chiziro

13

Glanprifer

Gl90in Gr

GlMaGB

In DeChex

Theby Mof tdep“Auincl

3

obe is an And rare eartimary focusrro-niobium

obe also ow0% interest Mozambiqu

raphite Proj

obe’s corpoaputo, TeteBE).

April 2011,evelopment hina and oxploration an

e information in Mr. Fergus Jockthe Australian Iposits under coustralasian Codelusion in this pre

African-focuths, as wells is the adv, a key add

wns 100% in the Mounue. Recentlect in Malaw

orate head oe and Naca

the CompaBureau (E

verseas. End developm

this presentatiokel, ExplorationInstitute of Geoonsideration ane for Reporting esentation of the

Abo

used resour as other c

vanced multitive in soph

of the Macnt Muambey Globe alswi.

office in Peala. The Co

any enteredECE), a ChECE is nowment progra

on that relates n Manager for Goscientists. Mr. nd to the activi

of Exploration e matters based

out Glob

rces compacommoditiesti-commodithisticated st

hinga RareREE – Flu

so announc

rth, Australompany has

d into a strahinese Statew the majoam in Africa

to Globe MetalsGlobe Metals & M

Jockel has sufities undertakenResults, Minerad on this informa

be Meta

any, specials including ty Kanyika teels.

e Earth Projuorite Projeced it has en

ia is suppos been liste

ategic partne Owned E

or shareholda.

s & Mining (ASXMining, who is afficient experienn, to qualify asal Resources anation, in the form

als & Min

ising in raregraphite, flNiobium P

ect in southct and the Mntered into

rted by regied on the

ership with Enterprise wder in Glob

X:GBE) is basea Member of thence, which is res a Competentnd Ore Reservem and context in

ning

e metals suuorite, uranroject in Ma

hern MalawMemba Titaan agreeme

onal operatASX since

East Chinawith extensbe, and a

ed on informatioe Australasian Inelevant to the st Person as dees” (the JORC Cn which they ap

uch as niobnium and zalawi, whic

wi, and is eaanium – Ironent to acqu

tional officeDecember

a Mineral Exsive mining

key partne

on compiled, renstitute of Mininstyle of mineralefined in the 2Code). Mr. Jocppear.

bium, tantalzircon. Globh will produ

arning up ton Project, bire the Chiz

es in Lilongwr 2005 (Co

xploration aoperations

er for Glob

viewed or prepang & Metallurgy lisation and typ

2004 Edition of ckel consents to

um be’s uce

o a oth ziro

we, de:

and s in be’s

ared and

pe of f the o the

For

per

sona

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onl

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Page 14: For personal use only · gest govern Niobium Pro Project encountered and along irms Globe’s estimate al been contrac as within ref ers progress cing with CD mains on tr Chiziro

14

H

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

4

ole ID

ARC239

inc.

ARC241

ARC241

ARC244

inc.

ARC248

ARC248

ARC249

ARC252

ARC252

ARC260

ARC260

ARC261 Et

ARC261 Et

ARC264

ARC268 U

ARC269 U

ARC272 U

ARC273 U

ARC274 U

ARC274

ARC275

ARC276 P

ARC277 P

T

Zone

Milenje

Milenje

Milenje

Milenje

Milenje

Milenje

Milenje

Milenje

Milenje

Milenje

Milenje

Milenje

tandweni

tandweni

Milenje

zambazi

zambazi

zambazi

zambazi

zambazi

Milenje

Milenje

Pangano

Pangano

able 3: Sign

From (m)

T

136

136

135

152

79

95

87

151

129

82

130

70

97

1

105

95

14

8

13

5

22

43

26

0

1

nificant inter

To (m)

161

147

147

161

137

136

106

158

135

88

145

76

103

7

111

101

20

14

20

11

28

49

32

12

13

rcepts – Kan

Length (m)

25

11

12

9

58

41

19

7

6

6

15

6

6

6

6

6

6

6

7

6

6

6

6

12

12

nyika Niobiu

Nb2O5 (ppm)

4289

6632

5113

6049

4386

4792

5729

13405

4193

4118

5001

4389

5030

4316

5055

5441

4844

5272

4174

5866

4021

5797

4652

5173

5142

um Project

Ta2O5

(ppm)

99

138

243

180

200

221

296

671

180

268

289

199

210

192

258

358

191

292

283

174

112

402

243

216

207

U3O8 (ppm)

122

182

104

168

110

116

127

619

127

72

211

106

110

127

67

240

124

74

71

154

100

90

73

131

131

ZrSiO(ppm

1012

847

5903

5667

4872

5492

9909

11208

4191

8908

8813

2589

3139

7427

23223

8018

4806

8879

8480

2722

3597

13874

4653

4645

5649

O4 m)

2

3

7

2

2

9

8

1

8

3

9

9

7

3

8

6

9

0

2

7

4

3

5

9

For

per

sona

l use

onl

y

Page 15: For personal use only · gest govern Niobium Pro Project encountered and along irms Globe’s estimate al been contrac as within ref ers progress cing with CD mains on tr Chiziro

15

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

5

ARC277 Et

ARC278 U

ARC278 Et

ARC278

ARC283 P

ARC283 U

ARC284 U

inc. U

ARC284 U

ARC285 U

ARC285

ARC288 P

ARC288 U

ARC288 U

ARC288 Et

ARC291 U

ARC292 Et

ARC295 P

ARD286 U

tandweni

zambazi

tandweni

Milenje

Pangano

zambazi

zambazi

zambazi

zambazi

zambazi

Milenje

Pangano

zambazi

zambazi

tandweni

zambazi

tandweni

Pangano

zambazi

True intercept w

82

86

97

157

25

112

57

69

126

7

134

3

100

110

148

81

144

41

120

widths are uncertain a

89

92

103

163

32

118

101

82

132

13

140

11

106

116

154

87

150

47

129

at this stage. Nb2O5 re

7

6

6

6

7

6

44

13

6

6

6

8

6

6

6

6

6

6

9

results based on a 4,

4082

4656

5310

6440

9315

4186

13210

25938

4098

5577

5057

9792

5316

5879

4402

4562

5070

4912

6525

000ppm Nb2O5 cut o

628

380

254

365

312

165

330

597

157

416

276

405

140

208

130

179

282

287

311

off and minimum inter

60

254

72

79

288

116

408

842

95

253

75

288

132

138

113

171

88

193

98

rcept width of 6m.

4749

9400

11681

10037

5983

3510

1917

2084

3561

7155

6504

6279

5541

4666

6121

6729

8898

6856

10809

9

0

1

7

3

0

7

4

1

5

4

9

1

6

1

9

8

6

9

For

per

sona

l use

onl

y

Page 16: For personal use only · gest govern Niobium Pro Project encountered and along irms Globe’s estimate al been contrac as within ref ers progress cing with CD mains on tr Chiziro

16

H

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

6

Hole ID

ARC239

ARC241

ARC244

ARC245

ARC247

ARC248

ARC249

ARC250

ARC252

ARC253

ARC254

ARC255

ARC256

ARC257

ARC258

ARC259

ARC260

ARC261

ARC262

ARC263

ARC264

ARC265

ARC266

ARC267

ARC268

ARC269

Depth (m)

220

205

220

100

120

220

200

98

201

180

120

80

164

150

150

150

125

140

210

158

120

90

130

115

172

80

Tab

Easting (m)

N

572942

572909

572881

572840

573011

572855

572840

572775

572742

572061

572197

572296

572111

572148

572152

572151

572234

572272

572148

572322

572437

572497

572457

572158

572439

572387

le 4: Drillho

Northing (m)

8597294

8597197

8597095

8597099

8597294

8596995

8596896

8596796

8596694

8595195

8595193

8595191

8595295

8595395

8595495

8595294

8595488

8595696

8595595

8595793

8595795

8595895

8595895

8595695

8596003

8595594

ole Informati

RL (m)

1050

1050

1047

1044

1047

1044

1038

1033

1024

1061

1077

1087

1057

1056

1053

1061

1061

1059

1050

1061

1070

1068

1070

1045

1071

1075

ion - Kanyik

Dip

55

55

55

55

55

75

75

55

55

55

55

55

55

55

55

55

55

55

55

55

55

55

55

55

55

55

ka

Azimuth

80

79

76

80

84

90

90

83

79

82

84

86

81

83

83

83

84

83

80

82

85

86

84

80

81

86

RC PreCollar (m

220 

205 

220 

100 

120 

220 

200 

98 

201 

180 

120 

80 

164 

150 

150 

150 

125 

140 

210 

160 

120 

90 

130 

115 

172 

80 

-m)

DiamoTail (m

200

nd m)

For

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l use

onl

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Page 17: For personal use only · gest govern Niobium Pro Project encountered and along irms Globe’s estimate al been contrac as within ref ers progress cing with CD mains on tr Chiziro

17

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

KA

7

ARC270

ARC271

ARC272

ARC273

ARC274

ARC275

ARC276

ARC277

ARC278

ARC280

ARC283

ARC284

ARC285

ARC287

ARC288

ARC290

ARC291

ARC292

ARC293

ARC294

ARC295

ARC296

ARC297

ARC298

ARC299

ARC302

ARC304

ARD238

180

100

80

95

90

100

150

125

170

60

150

150

160

140

163

140

88

180

134

200

200

120

200

140

172

120

127

100.13

572483

572347

572357

572321

572325

572335

572200

572225

572261

572207

572391

572432

572511

572377

572368

572517

572411

572252

572197

572227

572240

572301

572562

572340

572602

572195

572121

572792

8596094

8595594

8595501

8595495

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