Globe Metals & Mining (GBE) AGM 2024 summary

Opening remarks and agenda

• Presentation focused on the development of a globally significant niobium mine in Malawi, Africa, and outlined the company's vision as an emerging vertically-integrated niobium producer.

Financial performance review

• Forecast project IRR is 35% and NPV is US$878 million, with a projected life-of-mine revenue of US$4.98 billion and free cash flow of US$3.2 billion.

• Estimated capital cost for Phase 1 is US$46 million, with a payback period of 6.6 years.

• As of 22 November 2024, market capitalisation is based on a share price of A$0.049, with 694.65 million shares on issue and A$0.7 million in cash.

Board and executive committee updates

• Management team includes experienced executives in mining, engineering, finance, legal, and marketing, with extensive backgrounds in global mining operations and project development.

• Regional Advisor and consultants bring expertise in community relations, geology, project management, and international marketing.