Globe Metals & Mining (GBE) Investor Presentation summary

Project overview and strategy

• Developing a globally significant niobium mine in Malawi, aiming to be the second vertically integrated niobium oxide producer worldwide.

• Kanyika Niobium Project is fully permitted, with a 27-year mine life and JORC-compliant resources and reserves.

• Malawi offers stable investment conditions, transparent regulations, and is considered a conflict-free zone.

• Project targets specialty oxide markets, focusing on high-purity niobium oxide for premium pricing.

• ESG practices include eco-friendly production, community engagement, and renewable energy initiatives.

Financial highlights and economics

• Pre-tax NPV (8%) of US$878 million and IRR of 34.5%, with a payback period of 6.6 years.

• Life-of-mine revenue projected at US$4.98 billion, gross margin of 64.7%, and free cash flow of US$3.2 billion.

• Phase 1 capital cost is US$46 million, with first production targeted for Q1 2026.

• Total unit cost per kg of Nb2O5 is US$22.27, with anticipated selling prices above US$50/kg.

• Funding strategy includes equity, debt, and pre-shipment offtake, with a US$15 million loan LOI from Ecobank.

Market opportunity and demand

• Niobium is listed as a critical metal in the EU, US, Japan, India, and Australia, with strong demand in aerospace, batteries, and electronics.

• Only three mines supply over 95% of global niobium, with no new mines in 50 years.

• Niobium oxide market is valued at US$500 million, growing at a 10% CAGR, with Asia Pacific leading growth.

• High-purity niobium oxide attracts premium prices, especially for optical and specialty applications.

• Letter of intent signed with Affilips N.V. for up to 100 tonnes of refined niobium pentoxide, covering 32% of Phase 1 output.