Machinga REE Project

The Machinga REE Project is a joint venture between Globe and Resource Star Limited (ASX: RSL), whereby Globe can earn up to 80% of the Project over a period of time. It currently has earned a 20% interest in the Project.

The Project is located in southern Malawi, near the former capital, Zomba. 

In addition to the extremely valuable rare earths, niobium, tantalum and thorium are also present.  However, at the present time, insufficient work has been carried out to in order to assess the full economic potential of the Project, as only an initial drill campaign has been carried out, in late 2010.

Key results include:

The Project is very attractive, and contains seven target areas, only one of which has been explored to any significant extent.

Malawi is highly prospective for rare earths, and southern Malawi in particular has a number of known rare earth deposits and/or significant results: