Broker Reports

Find out what the analysts have been saying about Globe Metal and Mining

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Resource Capital Research Report (June 2010)
02 Jun 2011

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.

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Resource Capital Research Report (Feb 2011)
22 Feb 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.

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Resource Capital Research Report (Nov 2010)
23 Nov 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).

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Resource Capital Research Report (Oct 2010)
29 Oct 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.

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Resource Capital Research Report (Sep 2010)
10 Sep 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.

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Intersuisse Research Report (June 2010)
08 Jun 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...

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RB Milestone Research Report (May 2010)
19 May 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.

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Lonsec Resources Update (Aug 2009)
27 Aug 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.

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Lonsec Resources Update (April 2009)
23 Apr 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.

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Resource Capital Research Report (Dec 2008)
01 Dec 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.

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Lonsec Small Resources Review (Nov 2008)
01 Nov 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.

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Resource Capital Research Report (Sept 2008)
26 Sep 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.

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Aegis Junior Resources Quarterly Review (Sep 2008)
01 Sep 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.

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Aegis Equities - Junior Resources Quarterly Review (June 2008)
15 Aug 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.

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Lonsec Small Resources Review (Aug 2008)
12 Aug 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.

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Aegis Equities - Updated research note (July 2008)
29 Jul 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.

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State One Stockbroking Update (July 2008)
08 Jul 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.

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Resource Capital Research Report (May 2008)
27 May 2008

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.

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State One Stockbroking - Globe Uranium - Speculative Buy (April 2008)
11 Apr 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.

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Aegis Equities - Updated Research Note (April 2008)
08 Apr 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.

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Resource Capital Research Report (March 2008)
07 Mar 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.

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Resource Capital Research Report (Nov 2007)
11 Nov 2007

GBE is drilling at the uranium/specialty-metal Kanyika Project (Malawi) - JORC resource expected 1Q08, scoping study 2Q08. Initial drill results from the sandstone Livingstonia project (near Kayelekera) confirm rollfront model and show potentially economic grades and widths of U3O8.

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Resource Capital Research Report (Sep 2007)
28 Sep 2007

Globe has promising mid-stage uranium and uranium/specialty-metal exploration projects in Africa and Argentina. An 11,000m drilling program is underway at the multi-commodity (U-Nb-Ta-Zr) Kanyika project, Malawi. JORC-compliant resource expected 1Q08.

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The Sunday Times - Globe Uranium - Speculative Buy (Aug 2007)
28 Aug 2007
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Resource Capital Research Report (June 2007)
22 Jun 2007

Globe has very promising, early and mid-stage uranium exploration projects in Malawi and Argentina. A 16,000m drilling program is underway in Malawi where a JORC-compliant resource is anticipated at Kanyika 4Q07.

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State One Stockbroking Update (June 2007)
14 Jun 2007

The Kanyika Project in central Malawi is situated in a belt of Precambrain granites and gneisses where a sizeable 4km long radiometric anomaly was identified by the United Nations Development Project in the mid 80s.

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State One Stockbroking - Specialty Metals Review (May 2007)
01 May 2007

Specialty Metals are rare, unusual and poorly followed but utterly vital additives in alloying and industrial processes
and are also geological oddities found in strange, rare rocks.

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State One Stockbroking - Globe Uranium - Speculative Buy (May 2007)
01 May 2007

Globe has chosen Malawi for geological and geopolitical reasons. Malawi’s president, Bingu wa Mutharika, has stated his country’s aim to be Africa’s largest uranium producers within ten years and as evidence of this commitment has approved Paladin Resources’ Kayelekera uranium mine in northern Malawi.

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State One Stockbroking - Uranium Explorers Overview (March 2007)
09 Mar 2007

Specialty Metals are rare, unusual and poorly followed but utterly vital additives in alloying and industrial processes
and are also geological oddities found in strange, rare rocks.

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Resource Capital Research Report (Dec 2006)
16 Dec 2006

Globe has very encouraging, high grade, near surface early exploration results (Nov. '06) from three uranium projects in Argentina (Don Bosco) and Malawi (Livingstonia and Kanyika). 8,000m drilling planned 1H07.

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The Australian - Globe Uranium - Speculative Buy (Sep 2006)
29 Sep 2006

As for uranium explorers, there’s no fewer than 60 uranium explorers to choose from. Most will run out of cash and reinvent themselves as biotechs or mobile ring-tone providers.

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