I was very pleased to confirm that the definitive
feasibility study (DFS) at our Kanyika
Niobium Project is on track
for completion by
the end of this year. In addition, the project
very attractive (NPV of
US$300m), and we have the right strategic
partner in ECE to put together the necessary
financing and off-take arrangements.
Our decision to appoint Ms Shasha Lu as
Deputy Chief Executive in January provides
Globe with a dedicated focus on exploring
these opportunities for Globe in Asia.
It is certainly an exciting time; as we advance
through the DFS process for Kanyika much
more of the NPV implicit in the Project ought
to become reflected in the share price
our key second tier projects – Muambe and
Memba – will provide ongoing news flow.