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, with a focus on specialty oxide markets and sustainable mining practices.

• Malawi offers a stable, transparent, and resource-rich environment, with the Kanyika project fully permitted and located in a conflict-free zone.

• The company is seeking strategic investment partners and has a phased, de-risked development plan, with a 27-year mine life and JORC-compliant resources and reserves.

Project highlights and milestones

• The Kanyika project is forecast to deliver a pre-tax NPV of US$878 million, IRR of 34.5%, and life-of-mine revenue of US$4.98 billion, with a gross margin of 64.7%.

• Phase 1 targets 313 tpa Nb2O5 and 14 tpa Ta2O5, with first production in Q1 2026; Phase 2 aims for 3,155 tpa Nb2O5 and 142 tpa Ta2O5 by Q3 2028.

• Capital funding for Phase 1 is set at US$46 million, with a non-binding LOI for a US$15 million loan from Ecobank Malawi.

• Key milestones include offtake agreements (Q4 2024), BFS update and board approval (Q1 2025), and commissioning in Q1 2026.

Financials and corporate structure

• As of September 2024, Globe has 691.45 million shares on issue, a market cap of A$31.8 million, and A$1.1 million in cash.

• Major shareholders include Apollo Metals Investment (50.82%), AO-Zhong International (17.09%), and Triple Talent Enterprises (10.04%).

• The company’s total cash cost is US$18,900/t Nb2O5, with a cash margin over 65%.