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Globe Metals & Mining Limited (ASX:GBE)

ALERT: Price-sensitive ASX Announcement for GBE
Current share price for GBE : $0.061 -0.044 (-41.90%)+
Announcement
Release
30 Apr 2026 4:44PM
Price at Release
$0.105
Full Release
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Summary
Globe Metals & Mining Limited presented its Quarterly Activities and Appendix 5B Cash Flow report for the quarter ending March 31, 2026. The company highlighted the progress of the Kanyika Niobium Project, which boasts strong project economics with a post-tax NPV of US$1.0 billion and an IRR of 48%. The project is set for a 24-year lifespan with production slated to begin in 2028. The report also detailed financial activities, indicating cash at the bank at the end of the quarter was approximately $4.20 million. During the quarter, the company completed a Bankable Feasibility Study (BFS) that supports the project's economic viability. Despite not engaging in substantive mining exploration or production, the company focused on evaluation efforts, incurring costs of around $628,000. Financially, Globe sustained operating and investing cash outflows leading to a net decrease in cash by the end of the period.
Key Points
  • Kanyika Niobium Project has a post-tax NPV of US$1.0bn and IRR of 48%
  • Project targeted for 24-year lifespan with production beginning in 2028
  • Completion of Bankable Feasibility Study confirms project viability
  • Cash at bank end of quarter: $4.20 million
  • No substantive mining exploration or production; focus on evaluation
  • Operating and investing cash outflows led to net cash decrease
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.