Globe Metals & Mining (GBE) Investor Presentation summary

Company overview

• Globe Metals & Mining is developing the Kanyika Niobium Project in Malawi, aiming to become the world's second vertically integrated niobium oxide producer.

• Malawi offers a stable, transparent regulatory environment and is recognized for its mineral resources and peaceful governance.

• The company is fully permitted, with mining, environmental, and land approvals secured.

• Market capitalization stands at A$25.6m with 692.15m shares on issue as of October 2024.

• Board and management have deep experience in mining, finance, and African operations.

Project highlights and development plan

• Kanyika has a 27-year mine life with JORC-compliant resources of 68.3Mt at 2,830 ppm Nb2O5 and 135 ppm Ta2O5.

• Phase 1 targets 313 tpa Nb2O5 and 14 tpa Ta2O5, with first production expected in Q1 2026; Phase 2 aims for 3,155 tpa Nb2O5 by Q3 2028.

• Project IRR is forecast at 35% and NPV (8% pre-tax) at US$878m, with a payback period of 6.6 years.

• Capital cost for Phase 1 is US$46m, with a non-binding LOI for a US$15m loan from Ecobank Malawi.

• The project uses an HF/SX refinery process to produce high-purity niobium and tantalum oxides.

Financial and operational metrics

• Life of mine revenue is projected at US$4.98bn, with a gross margin of 64.7% and total free cash flow (pre-tax) of US$3.17bn.

• Total unit cost per kg of Nb2O5 is US$22.27, with anticipated selling prices above US$50/kg for high-purity oxide.

• Annual EBITDA at full production is forecast at US$103m.

• The project is positioned in the bottom quartile for cost among global niobium producers.