A large tonnage TREO and fluorite resource at Mount Muambe in early 2013 is fast becoming a reality for Globe Metals as drilling continues to intercept broad zones of TREO. Not to be forgotten, shares have a cash backing of $0.18, yet trading at $0.155.
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Globe Metals & Mining
www.globemetalsandmining.com.au/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.
Articles
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22/05/2012
Globe Metals & Mining to focus on Kanyika Niobium Project, spin out non core assets
Globe Metals in a corporate restructure will now focus solely on the Kanyika Niobium Project, and spin-out all other exploration assets. The company will also provide North American's with investment opportunities in the company through a TSX listing.
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21/05/2012
Globe Metals & Mining’s Mark Sumich talks Chinese funding and the upcoming DFS at One2One Forum
Mark Sumich, managing director of Globe Metals & Mining, presented at the One2One Forum in Melbourne on Wednesday. Proactive Investors brings you the Question and Answers between Mark and the audience.
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05/05/2012
Globe Metals & Mining to discuss Mount Muambe high grade fluorite and TREO at One2One Forum
Want to ask CEO's probing questions? Proactive Investors provides the forum. Next up in Melbourne at the 'Stars in 2012 Series' is Globe Metals & Mining, Tangiers Petroleum, UXA Resources, KBL Mining and Altona Mining.
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14/03/2012
Globe Metals & Mining discovers three new rare earth elements zones at Mount Muambe
Globe Metals remains extremely well funded with cash backing per share of $0.18. Mount Muambe now boasts very broad intersections of rare earth elements to add to the recent high grade fluorite resource. A share buy-back of 5% is also under review.
News
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07/05/13
Globe Metals & Mining gains funding from East China Mineral Exploration -
01/03/13
Globe Metals & Mining progresses Kanyika niobium definitive feasibility study -
30/05/12
Globe Metals & Mining: buyback green light received from FIRB, consider paying up to $0.23 -
25/05/12
Globe Metals & Mining gains greater control of Mount Muambe in Mozambique -
15/05/12
Globe Metals & Mining: joint venture arrangements amended for Machinga and Livingstonia -
30/04/12
Globe Metals & Mining: new discovery of thick, high-grade fluorite at Mount Muambe -
19/04/12
Globe Metals & Mining partakes in development of vital Health Post in Malawi -
03/04/12
Globe Metals & Mining moves closer to approval for 5% share buyback -
12/03/12
Globe Metals & Mining granted halt pending rare earth results from Mount Muambe -
05/03/12
Globe Metals & Mining appoints experienced Shasha Lu as deputy Chief Executive Officer
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Additional Information
| Market: | ASX |
| Sector: | General Mining |
| EPIC: | GBE |
| Latest Price: | 0.06
(-4.55%  ) |
| 52-week High: | 0.16 |
| 52-week Low: | 0.06 |
| Market Cap: | 13.91M |
