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Broker Reports

 

Resource Capital Research Report

16/2/2011

An A$41m investment by China's ECE in the 60Mt Kanyika Niobium Project (Malawi) should go ahead in 1Q11, paving the way for a completed BFS. Exploration programs at Machinga and Mount Muambe have found highly encouraging levels of rare earths.
 

Resource Capital Research Report

17/11/2010
GBE's share price has jumped 88% in 3 months due to the strong rare metals market - REE exploration results expected Oct '10. An A$41m deal could see China's ECE gain 51% of GBE, with an eye to the 60Mt Kanyika Niobium Project (Malawi, BFS expected 2011).
 

Resource Capital Research Report

25/10/2010

GBE's share price has jumped 107% in 3 months due to the strong rare metals market - REE exploration results expected Oct '10. Its main focus remains the 60Mt Kanyika Niobium Project (Malawi), for which a Bankable Feasibility Study is expected in 2011.
 

Resource Capital Research Report

7/9/2010

The 60Mt Kanyika Niobium Project (Malawi) had a recent 77% increase in Measured and Indicated resources. A mine plan is expected 3Q10, a Bankable Feasibility Study in 2011. Share price has jumped 80% in 3 months due to strong rare metals market.
 

Resource Capital Research Report

1/6/2010
A resource upgrade of the 55mt Kanyika Niobium Project (Malawi) is imminent (June 2010). BFS expected 2011. Company MOU’s in place for offtake covering 45% of production. NAV is A$141m, compared to market cap A$15m - a valuation gap that should close as project milestones are reached.
 

Intersuisse Research Report

21/5/2010

Bankable feasibility study underway on niobium project. GBE has assembled a portfolio of mineral interests in the adjoining African countries of Malawi and Mozambique. These interests include the commodities of niobium, an increasing component of steel manufacture, rare earth elements which have an increasing role in high technology applications...
 

RB Milestone Research Report

10/5/2010

Globe Metals & Mining Limited (Globe Metals) is an Africa-focused rare metals company. Global Metal‟s lead project is the multi-commodity (niobium, uranium, tantalum and zircon) Kanyika Niobium Project in central Malawi which contains approximately 55.3Mt Inferred and Indicated Joint Ore Reserves Committee (JORC) resources.
 

Lonsec Resources Update

27/08/2009
Globe Metals & Mining is an African-based specialty metals and uranium resource company. Its main focus is the multi-commodity (niobium, tantalum, zircon and uranium) Kanyika Niobium Project in Central Malawi.
 

Lonsec Resources Update

23/4/2009
Globe Metals & Mining is an African based specialty metals and uranium resource company. Its main focus is the multi-commodity (niobium, tantalum, zircon and uranium) Kanyika Project in Central Malawi, where a maiden inferred JORC resource was announced in March 2008.
 

Resource Capital Research Report

5/12/2008
GBE has found additional high-grade, near-surface material at the uranium/ specialty-metal Kanyika Project (Malawi). JORC resource 56mt with 321mlbs Nb2O5 and 9mlbs U3O8, upgrade expected Feb'09 as part of PFS. Nb and Ta prices, demand remains high.
 

Lonsec Small Resources Review

12/11/ 2008
GBE is an Australian based, African focused uranium and speciality metals resource company. Its main focus is the multi-commodity Kanyika Project in central Malawi.
 

Resource Capital Research Report

26/9/2008
GBE has announced a PFS of the uranium/ specialty-metal Kanyika Project (Malawi) - JORC resource of 56mt with 321mlbs Nb2O5 and 9mlbs U3O8. Positive scoping study 2Q08. Ongoing resource drilling has returned high-grade intercepts - more assays pending.
 

Aegis Junior Resources Quarterly Review

1/9/2008
GBE is an early-stage exploration company with a specific commodity focus on uranium. Although all of its projects are uranium based, they are geographicallt diverse, which somewhat mitigates comapny risk.
 

Aegis Equities - Junior Resources Quarterly Review

1/6/2008
GBE has various exploration projects from early stages to advanced exploration. The Kanyika Project scoping study is positive at this stage there is no guarantee that the project will proceed to development.
 

Lonsec Small Resources Review

7/8/2008
GBE is an Australian based uranium exploration company with principal interests in Malawi and Argentina. In the space of two years since listing in December 2005, the company has announced a substantial resource at a discovery cost of only $3m.
 

Aegis Equities - Updated research note

15/7/2008
Globe has announced results of the scoping study for its Kanyika Project in Malawi. The study was carried out by Coffey Mining Pty Ltd. The Kanyika deposit is differentiated by the fact that it is a niobium deposit with uranium, tantalum and zircon credits.
 

State One Stockbroking Update

2/7/2008
Globe Metals & Mining is an exploration company focusing on targets in Southern Africa and South America. Floated in December 2005 the initial focus for the company was on its uranium prospects in Western Australia.
 

Resource Capital Research Report

27/05/08
Globe Uranium listed on the ASX Dec.’05. The Company is an African focused niobium/uranium/specialty-metal explorer with an advanced stage project at Kanyika, Malawi.
 

State One Stockbroking - Globe Uranium - Speculative Buy

11/4/2008
Globe Uranium recently released a maiden resource for its polymetallic Kanyika Project. In what is a rare and impressive achievement, the company has produced a world class JORC compliant inferred resource within two years of securing tenure over the ground.
 

Aegis Equities - Updated Research Note

08/04/2008
GBE announced 56 million tonnes of inferred mineral resource at its Kanyika Nb-U-Ta-Zr project in Malawi, which is 100% owned. The resource was double the company’s initial exploration target.
 

Resource Capital Research Report

7/3/2008

GBE is focused on the uranium/specialty-metal Kanyika Project (Malawi) - JORC resource expected 1Q08 (initial target 25-30mt), scoping study 2Q08. Good first-pass metallurgical results (recovery ~89% U3O8). Drilling Livingstonia (near Kayelekera, Malawi) 2Q08.