Globe Metals & Mining
Full Globe Metals & Mining profile here
Globe Metals & Mining (ASX: GBE) is an African-focused resource company, specialising in rare metals such as niobium, tantalum and rare earths, as well as other commodities including fluorite, uranium and zircon. Its main focus is the multi-commodity Kanyika Niobium Project in Malawi, Africa, which will commence production of ferro-niobium in 2014, a key additive in sophisticated steels.
Globe also has a number of other projects at an earlier stage of development: The Machinga REE Project in southern Malawi, and the Mt Muambe Flourite/HREE Project in Mozambique.
Globe Metals & Mining: Verification successful of very high grade titanium rock chips at Memba
Monday, November 14, 2011 by John Phillips
Globe Metals & Mining (ASX: GBE) has recently entered into a highly prospective titanium-vanadium-iron project joint venture at the Memba project in Mozambique, and has today delivered the good news that the company has confirmed the very high grade titanium grades from rock chips.
Globe's recent due diligence program revealed very high grades of titanium with additional vanadium from rock-chip samples averaging 47% titanium dioxide and 0.38% vanadium oxide - which potentially is a valuable by-product.
Adding some further potential to the joint venture, the mineralised horizon is almost pure ilmenite with the mineralised zone ranging in thickness from 6 to 20 metres, and has a strike length of more than 10 kilometres.
Also, a separate high-grade magnetite zone has been identified with two samples averaging 66.8% iron.
Memba will be a new addition to Globe's early stage Africa project portfolio, which also includes the Machinga rare earth element project in southern Malawi, and the Mt Muambe Flourite/HREE Project in Mozambique.
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