Globe Metals & Mining Limited · ASX:GBE
Globe Metals & Mining — Investor Presentation (August 2024)
36 slides from Globe Metals & Mining's investor presentation, Sep 3, 2024
Slide 1: Developing a globally significant Niobium mine in Malawi, Africa
For personal use only Developing a globally significant Niobium mine in Malawi, Africa Globe Metals & Mining Limited (ASX:GBE, G4U:FWB) Investor presentation August 2024
Slide 2: Important legal information
Important legal information This Presentation has been prepared by Globe Metals & Mining Limited ABN 33 114 400 In addition, there may be information herein that is information about prospective results of 609 (Globe or the Company). operations, financial position or cash flows and which is provided
Slide 3: Globe is an emerging vertically-integrated niobium producer
Globe Metals & Mining Limited (ASX:GBE, G4U:FWB) Globe is an emerging vertically-integrated niobium producer For personal use only • Has the first globally significant niobium mine in 50 years • Aims to be the second vertically integrated Niobium oxide player globally • The Company’s Kanyika Project
Slide 4: Kanyika Niobium Project - Malawi, Africa
Kanyika Niobium Project - Malawi, Africa Globe's niobium oxide product meets specialty metal sector demands and caters to the emerging energy transition market For personal use only An emerging vertically-integrated niobium producer ASX GBE | 4
Slide 5: Investment highlights
Investment highlights Creating a better future for all stakeholders through responsible and sustainable acquisition and development of critical metal projects in Africa • Strategic investment partner sought to develop RESERVES AND RESOURCES PHASED PROJECT DEVELOPMENT For personal use only Globe’s Ka
Slide 6: Corporate overview
Corporate overview Share price Market capitalisation Debt Shares on issue Cash Various options $A0.037 A$25.6m Nil 30m For personal use only 691.45m A$1.1m 29 August 2024 29 August 2024 30 June 2024 29 August 2024 30 June 2024 29 August 2024 52 week high $0.072, low $0.030 A$/share GBE Share Price -
Slide 7: Globe Metals and Mining's Board
Globe Metals and Mining’s Board For personal use only Alice Wong Bo Tan Ricky Lau Michael Barrett Michael Choi OAM Non-Executive Chairperson Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Ms. Alice Wong is an accountant A Canadian national, Mr Tan Mr Lau
Slide 8: Globe Metals and Mining's Management
Globe Metals and Mining’s Management For personal use only Paul Smith Rex Zietsman Charles Altshuler Paul Hardie Chief Executive Officer Chief Technical Officer Chief Financial Officer General Counsel & Company Secretary Mr Smith has over 30 years’ experience as a Mr Zietsman has over 35 years’ expe
Slide 9: Globe Metals and Mining's Management
Globe Metals and Mining’s Management For personal use only Grant Hudson David Young Louis Schoeman Rogerio Pastore Regional Advisor – Southern Africa Chief Consultant Geologist Project Director Senior Marketing Consultant Mr Hudson is an experienced business Mr Young has more than 50 years’ experien
Slide 10: Globe's relative value to peers
Globe’s relative value to peers Niobium stocks - relative value For personal use only Index (Jul-23=100) 400 WA Resources 350 Market Caps (as at 29-Aug-24) 300 - Globe Metals - A$25.6m 250 - NioCorp - A$101.4m1 - WA Resources - A$1.1b 200 150 Globe Metals & Mining 100 50 NioCorp 0 3-Jul-23 19-Aug-23
Slide 11: Corporate overview: focus on specialty oxide markets
Corporate overview Globe’s unique point of difference is that we focus on the specialty oxide markets For personal use only 01 02 03 04 05 Low mining JORC 2012 Efficient Efficient HF/SX Serving a cost defined concentration refining speciality market Shallow, open-cast Large resource base Economic mi
Slide 12: The project
For personal use only The project Kanyika Niobium Project - Malawi, Africa
Slide 13: Kanyika Niobium Project - Malawi, Africa
Kanyika Niobium Project - Malawi, Africa Malawi, in southeastern Africa, offers stable investment For personal use only opportunities, notably in mining, backed by transparent regulations and abundant mineral resources like niobium, uranium, and rare earth minerals. The new mining ministry demonstra
Slide 14: Kanyika Mine Phase One: Saleable start-up operations
Kanyika Mine Phase One: Saleable start-up operations Malawi mining: Phase One - 86,000t of ore per annum For personal use only > Open pit mining Crushing Milling Flotation Drying Concentrate Sale and trucking “Free dig” mining Primary jaw and EDS mill Single stage: Locally produced Contains radioact
Slide 15: Globe's commitment to ESG practices & policies
Globe’s commitment to ESG practices & policies A prerequisite for project funding Globe's niobium oxide product meets specialty metal sector demands, caters to the For personal use only emerging energy transition market and is non-radioactive • The Kanyika Niobium Project adopts innovative, eco-frie
Slide 16: Financial metrics
For personal use only Financial metrics
Slide 17: Completed Optimization Study Metrics
Completed Optimization Study Metrics NPV 8% (pre-tax) Units US$m 2024 Update 878 Confirming robust financial and technical outcomes IRR (pre-tax) % 34.51% Closing cash balance (LOM) US$m 2,618 Total FCF pre tax (LOM) US$m 3,173 Metrics Units Phase One Phase Two • Pre-tax NPV at an 8% discount rate s
Slide 18: Niobium market
For personal use only Niobium market
Slide 19: Niobium market opportunity
Niobium market opportunity Niobium top of the critical metal list EU, US, Japan, and India and Australia When metals make critical lists in the USA and Europe, they are deemed For personal use only essential for national security and economic stability but have at-risk supply chains. This status tri
Slide 20: Niobium market applications
Niobium market applications In addition to ferroniobium’s (65% niobium) use in the production of High Strength Low Alloy (HSLA) steel For personal use only • Niobium oxide presents a promising solution for aerospace • In battery technology, niobium oxide offers greener, cheaper, and and battery tech
Slide 21: Potential customers and offtakes
Potential customers and offtakes A shortage of supply but plenty of customers 01 02 03 04 For personal use only Electronics Catalyst Manufacturers Optical Coating Superconductor Companies Manufacturers Manufacturer Significant players in Key in petroleum refining, consumer electronics, Catering to a
Slide 22: Niobium market dynamics
Niobium market dynamics The market is moving in Niobium’s direction due to its properties Niobium properties include heat resistance, corrosion resistance, strength, weldability, and being For personal use only lightweight. These are metals that have economic importance, as well as significant depen
Slide 23: Niobium oxide average market size: US$500 million
Niobium oxide average market size: US$500 million 18,000 Asia Pacific has the highest CAGR at 12.59% Niobium Oxide Market (tpa) For personal use only 15,000 with a total CAGR of 10% forecast from 2023 to 12,000 2028. • Niobium oxide currently comprises 9% of the 9,000 total Niobium market. 6,000 • N
Slide 24: Niobium oxide prices
Niobium oxide prices The high-purity Niobium oxide products will be sold into the For personal use only speciality metals markets, realising premium prices over the ferroniobium market. 1) Covering all Oxide markets from standard grade to high quality grade with a focus on Optical grade (99.99%). 2)
Slide 25: Kanyika Project milestones – recent and pending
For personal use only Kanyika Project milestones – recent and pending
Slide 26: Planned project milestones
Planned project milestones 01 02 03 For personal use only Complete the update of Board approval to execute Offtake discussions and the BFS. – Q1 25 the project.- Q1 25 Agreements. – Q4 24 04 05 06 Mine, Concentrator and Refinery construction (all Commission and Phase 2 Commission and in Malawi) Phas
Slide 27: Recent milestones firm up economics of Kanyika
Recent milestones firm up economics of Kanyika In addition to the signing of a Community Development Agreement (CDA) with the representatives of the qualified communities surrounding the Company’s Kanyika Niobium Project, the recently announced debt For personal use only financing and offtake agreem
Slide 28: Detailed project plan
Detailed project plan For personal use only 2024 2025 2026 2027 2028 Quarter Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Month number Months 3 6 9 12 15 18 21 24 27 30 33 36 39 42 45 48 51 54 Offtake agreements (LOI) 3 BFS Update 7 ESIA Update 6 Decision to execute Phase 1 9 Mine & Concent
Slide 29: Phase development
Phase 1 development A funding strategy has been formulated to Expected tranches of funding Tranche 1 Tranche 2 Tranche 3 Tranche 4 Total best support the Project and minimise For personal use only BFS Update $ 600,000 $ - $ - $ - $ 600,000 ESIA Update $ 300,000 $ - $ - $ - $ 300,000 shareholder dilu
Slide 30: Growth plans
For personal use only Growth plans
Slide 31: Globe market opportunity
Globe market opportunity • Globe has identified several very exciting regional exploration projects For personal use only • The projects are a good fit for Globe and its strategic development ambitions in the region. • Globe has identified 5 to 6 projects with drill confirmation of grade and extent
Slide 32: Globe Metals and Mining Limited contact details
Globe Metals and Mining Limited (ASX:GBE, G4U:FWB) For personal use only Investor presentation - August 2024 ABN 33 114 400 609 Join the Globe Metals & Mining Investor Hub: https://investorhub.globemm.com/auth/signup - Follow the prompts to sign up for an Investor Hub account - Complete your account
Slide 33: Appendix
For personal use only Appendix
Slide 34: Summary of the optimisation results relative to the 2021 DFS
Metrics Units 2021 DFS 2024 Update Summary of the optimisation NPV 8% (pre-tax) IRR (pre-tax) US$m % 1,009 49.70% 878 34.51% results relative to the 2021 DFS: Closing cash balance (LOM) Total FCF pre tax (LOM) US$m US$m 4,361 3,759 2,618 3,173 Kanyika Niobium Project Malawi Life of Mine Payback peri
Slide 35: Summary of financial results of the optimisation study
Summary of financial results Metrics Units Phase One Phase Two ROM Ore production ktpa 81 1,459 of the optimisation study: ROM Grade (Nb205) ppm 4,933 3,166 Kanyika Niobium Project Concentrate production ktpa 1.5 18.9 Malawi Concentrate grade % 20% 18% For personal use only Refined Nb205 tons/year 2
Slide 36: Competent person's statement
Competent person’s statement Production target and forecast financial information (Listing rule 5.19) Mineral resource estimates: Ore reserves: For personal use only The information in this report that relates to Mineral Resources is extracted from the report titled The information in the report tha
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