Company
Globe Metals & Mining Ltd
ASX:GBE
Globe Metals & Mining Ltd is an African-focused resources company with its' Kanyika Niobium Project in Malawi. The Kanyika Niobium Project will produce niobium and tantalum products, which are key additives in high strength-low alloy (HSLA) steels and electronics. A JORC Mineral Resource Estimate indicates Kanyika could support a 23+ year mine life.
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Globe Metals & Mining's drilling uncovers significant rare earth discovery at Machinga
The discovery is rendered more important given the high grades of heavy rare earth mineralisation discovered near surface, including the in demand dysprosium. Intriguingly, Machinga North is only one of at least seven targets.