Globe Metals & Mining (GBE) Q1 2027 TU earnings summary

Executive summary

• Kanyika advanced through site preparation, completion of Phase 1 compensation to all 203 affected households and resolution of community legal proceedings dating to 2017.

• Early mining began in October 2026 after quarter-end; first production remains targeted for early 2028, subject to funding, FID and construction milestones.

Financial highlights

• Cash at 30 September 2026 was A$3.518m, up from A$2.779m at 30 June 2026.

• Operating cash outflow was A$472k; investing outflow was A$2.601m, including A$2.589m for exploration and evaluation.

• Financing inflow was A$3.812m, including A$1.594m from option exercises and A$2.229m in borrowings.

Outlook and guidance

• First production remains targeted for early 2028, subject to securing funding, completing FID and meeting construction and commissioning milestones.

• MMRA guidance outlined a further six-month development extension, subject to Board ratification, with permanent infrastructure works including the plant, tailings facility, site offices and ROM pad.

• Funding and offtake discussions continue to support FID; potential strategic investment discussions with Sinomine remain non-binding and under due diligence.