Globe Metals & Mining Limited (AU:GBE) has released an update.
Globe Metals & Mining Limited has reported promising results from the Optimisation Study for their Kanyika Niobium Project in Malawi, with projections including a significant pre-tax NPV of US$1 billion and an IRR of 47%. Adopting a more sustainable and cost-effective chlorination process, the company has managed to reduce initial capital costs and is poised to meet growing global demand for high-purity niobium and tantalum oxides. The company’s strategic approach capitalizes on favorable conditions in Malawi and prioritizes minimal carbon emissions in production, indicating a strong potential for the Kanyika Project to influence the niobium oxide market significantly.
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