Globe Metals & Mining Limited (ASX: GBE) ('Globe' or 'Company') refers to the announcements made on 30 January 2025, 30 April 2025 and 31 July 2024 and is pleased to advise that it has reached an agreement with Director Bo Tan to extend the due date for repayment of his A$2.3 million and US$1.4 million loan facility to 30 November 2025 from 25 August 2025 and 18 October 2025 respectively.
All other terms of the loan facility remain unchanged. The Board of Directors of the Company wish to again acknowledge the continued strong support shown by Mr Tan and is appreciative of his ongoing commitment to the Company.
About the Kanyika Niobium Project
The Kanyika Niobium Project is located in central Malawi, approximately 55km northeast of the regional centre of Kasangu. The Project is secured by Large-Scale Mining Licence No. LML0216/21, which grants the Company security of tenure and the right to mine niobium, tantalum, deleterious uranium, Zircon, Hafnium, Praesidium and Neodymium. Drilling programs totalling 33.8 kilometres of percussion and core drilling have defined the extent of mineralisation. Structured and progressive engineering studies have resulted in the current (JORC 2012) Mineral Resource Estimate (refer below) and given rise to significant improvements and simplifications in the process flowsheet. The Kanyika Project will be developed in two phases, substantially de-risking the project. The project will be fully integrated on the mine site - Mining, Concentration and Refining, to produce high-purity, highvalue Niobium and Tantalum oxides for direct export to foreign markets.
Mineral Resource Estimates
The information in this report that relates to Mineral Resources is extracted from the report titled 'Kanyika Niobium Project - Updated JORC Resource Estimate' released to the Australian Securities Exchange (ASX) on 11 July 2018 and available to view at www.globemm.com and for which Competent Persons' consents were obtained. Each Competent Person's consent remains in place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent. The Company confirms that is not aware of any new information or data that materially affects the information included in the original ASX announcement released on 11 July 2018 and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the original ASX announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons' findings are presented have not been materially modified from the original ASX announcement.
Contact:
Charles Altshuler
Tel: +61 8 6118 7240
Email: ca@globemm.com
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