Announcement PDF Globe Metals & Mining Limited ABN 33 114 400 609 45 Ventnor Avenue West Perth WA 6005 ASX: GBE +61 8 6118 7240 info@globemm.com globemm.com ASX Announcement 23 April 2024 Speaker Presentation – Inaugural Malawi Mining Investment Forum Attached is a copy of the Speaker Presentation that will be presented by Paul Smith, Chief Operating Officer of Globe, at the Inaugural Malawi Mining Investment Forum being held on 23 and 24 April 2024 in Lilongwe, Malawi. Mr Smith commented: “We are thrilled to announce that Globe will be present and actively involved in the upcoming Inaugural Malawi Mining Investment Forum. This pivotal event, presided over by His Excellency President Lazarus McCarthy Chakwera, signifies a monumental step forward for the mining sector in Malawi. As a leading player in the mining industry, Globe is committed to contributing to the sustainable development and economic growth of Malawi. We are dedicated to harnessing the potential of the mining sector in alignment with the national development agenda outlined in the Malawi 2063 Vision and the Agriculture, Tourism, and Mining (ATM) Strategy. At the forum, Globe will be at the forefront of discussions, showcasing our commitment to excellence and innovation in our refinery to be built in Lilongwe, and responsible mining practices at Kanyika. We look forward to engaging with government representatives, investors, private sector stakeholders, development partners, and other key players to explore strategies and solutions aimed at accelerating the growth of the mining sector.” This announcement was authorised for release by Paul Hardie, Company Secretary. For further information, please contact: Paul Smith Chief Operating Officer +61 8 6118 7240 paul.smith@globemm.com THE 2024 MALAWI MINING INVESTMENT FORUM Lilongwe The Kanyika Niobium Project April 2024 Paul Smith Chief Operating Officer ASX: GBE | globemm.com Disclaimer This Presentation has been prepared by Globe Metals & Mining Limited ABN 33 114 400 609 (Globe or the Company). The information in this Presentation is an overview and does not contain all information necessary for making investment decisions. In making investment decisions, investors should rely on their own examination of the Company and the Kanyika Niobium Project and consult their own legal, technical, business and/or financial advisers. The information contained in this Presentation has been prepared in good faith by Globe, however no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, options, or other information contained in this presentation. To the maximum extent permitted by law, Globe, its Directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person relying on anything contained in or omitted from this Presentation. Certain information in this Presentation may refer to the intentions of Globe with respect to the Kanyika Niobium Project, but these are not intended to be forecasts, forward looking statements or statements about the future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of the events in the future are subject to risk, uncertainties and other actions that may cause Kanyika Niobium Project’s actual results, performance or achievements to be materially different from the results, performance or achievements implied by the forward-looking statements. Such factors include, but are not limited to, general economic, market and business conditions, market prices for niobium and tantalum, demand for niobium and tantalum, niobium and tantalum supply, obtaining additional debt and equity funding (as required), concluding of off-take agreements, obtaining of all necessary permits for development and production as and when required, estimation of resources and reserves, development and production costs, processing recoveries transportation delays and costs, risks and uncertainties related to construction and commissioning, delays in construction of the mining and processing operations, accidents, equipment breakdowns, title matters, labour disputes, environmental issues and local community issues involving relocation of project affected people or other unanticipated difficulties with, or interruptions in, development or production, exchange rate fluctuations, and risks and uncertainties associated with doing business in Africa. An emerging vertically-integrated niobium producer. In addition, there may be information herein that is information about prospective results of operations, financial position or cash flows and which is provided only to assist in an evaluation of the Kanyika Niobium Project outlined herein but are not to be relied upon as accurate representations of future results and may not be appropriate for any other purpose. This Presentation contains certain forward-looking statements and comments about future matters. Forward-looking statements can generally be identified using forward-looking words such as, “expect”, “anticipate”, “likely”, “intend”, “should”, “could”, “may”, “predict”, “plan”, “propose”, “will”, “believe”, “forecast”, “estimate”, “target” “outlook”, “continue”, “guidance” and other similar expressions. The forward-looking statements including statements regarding our intent, belief or current expectations with respect to Kanyika Niobium Project’s performance, market, political, social and environmental conditions, additional feasibility work, improvements and updates, project configuration, construction and commissioning costs and timelines, and general risks and uncertainties. Readers are cautioned not to place reliance on these forward-looking statements. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Any such statements, targets, opinions and estimates in this Presentation speak only as of the date hereof and are based on assumptions and contingencies subject to significant uncertainties or change without notice. Forecasts and hypothetical examples are subject to uncertainty and contingencies often outside Globe’s control. The information in this presentation is current as at the date of the publication of this presentation. There can be no assurance that actual outcomes will not differ materially from these forward-looking statements. Except as required by law or regulation (including the ASX Listing Rules), Globe undertakes no obligation to supplement, revise or update forward-looking statements in the future, regardless of whether new information, future events or results or other factors affect the information contained in this Presentation. ASX GBE | 2 The market ASX GBE| globemm.com What is Niobium? A transition metal with a unique set of characteristics It is silvery, light grey, crystalline and ductile with the symbol Nb and the atomic number 41 found in the Earth's crust in the mineral pyrochlore • This metal’s high melting point makes it suitable for use in jet engines and rockets. Its superconducting capabilities when cool benefit high-speed trains. • With its resistance to heat, corrosion, and oxidation, this material is well-suited for crafting complex aerospace components requiring precise specifications. • Its Mohs hardness is comparable to titanium and it possesses a similar ductility to iron, adding to its versatility. • Non-reactivity and paramagnetism are among its notable properties. • It is distinguished by an electronic configuration that places electrons in the outermost orbitals. • Its crystalline structure is advantageous for lithium-ion battery production, supporting the swift movement of lithium ions to the anode during charging, hence ideal for battery applications. An emerging vertically-integrated niobium producer. ASX GBE | 4 Important uses of Niobium? Three mines account for over 95% of the global mined niobium supply and no new mines have been brought into production for over 50 years. Two basic forms of Niobium supply: 1. Ferro Niobium (90% of total market) - NbFe alloy (60%-70% Nb) 2. Niobium Oxide (10% of total market) (Nb2O5, min 98.5%) – Globe’s focus due to limited competition with only CBMM producing oxide currently and a market with high prices and good margins. An emerging vertically-integrated niobium producer. ASX GBE | 5 Niobium’s main use is in steel-making Ferroniobium (at 65% niobium) is the primary saleable form of the metal and sells for over US$40,000t. Construction Ferroniobium is primarily used in the production of High Strength Low Alloy (HSLA) steel which is used extensively in the construction and automotive industries and in the manufacture of high-pressure gas and oil pipelines, providing extra strength, and greater resistance to heat and corrosion. Fast fact Construction of the Eiffel Tower used 7,300t of wrought iron. Today, it could be built using 2,000t of HSLA steel (27% of current weight) An emerging vertically-integrated niobium producer. Automotive and Transport Aerospace and Defence Oil & Gas Other Global ferroniobium sales by sector1 ~100,000t/year ~US$3 billion per year2 1 Source: CBMM 2 Niobium Outlook to 2030 Roskill , 2020 ASX GBE | 6 Critical to the energy transition and “next-generation” lithium-ion batteries. Niobium oxide makes batteries greener, cheaper and cleaner and cobalt free. Ultra-fast charging Niobium oxide batteries can be fully charged in less than 10 minutes at lower operating temperatures versus +3 hours in conventional Li-ion batteries. Increased range Niobium oxide increases the energy density of batteries by 200% at a lower material cost compared to conventional Li-ion batteries. Niobium oxide batteries are more stable and can withstand Better performance 10,000 charging cycles versus 1,000 in conventional Li-ion batteries. An emerging vertically-integrated niobium producer. Source: https://batterystreak.com/battery-streak-new-charge/ ASX GBE | 7 Niobium oxide used in Superalloys Aerospace and Defense Airplanes, helicopters, rockets, satellites, space stations, and spacecraft. • High strength-to-weight ratio, which is crucial in aerospace design for reducing the weight of the aircraft or spacecraft while maintaining structural integrity and performance. • Stable at high temperatures, which is ideal for components that are exposed to extreme heat, such as jet engines and rocket propulsion systems. • Enhanced proclivity for weldability and fabricability. This allows for the production of complex aerospace components with precise specifications. • Lightweight, durable components that can withstand the stresses and strains of aerospace operations, from takeoff and landing to the rigors of space travel. An emerging vertically-integrated niobium producer. Source: https://www.echiontech.com/oems ASX GBE | 8 And several other key applications in the “New Economy” MRI Optical Glass Super Conductor Nuclear (SMR) Thermo Power EV Batteries Capacitors Niobium oxide is used for ophthalmic lenses having high refractive indices, because it combines the advantages of high refractive index and relatively low value of specific gravity for a glass. Niobium oxide is used for ophthalmic lenses having high refractive indices, because it combines the advantages of high refractive index and relatively low value of specific gravity for a glass. Niobium metal can be used as superconductors in particle accelerators, like the CERN in Switzerland. Niobium is used in the Nuclear industry due to their high-temperature strength and resistance to corrosion, used in reactor components, fuel elements and surface acoustic wave devices. Niobium is used in Ultra Temperature Thermal Power, due to high-temperature and resistance to corrosion, user in high temperature pipes. As the green energy transition gathers pace, niobium’s use in electric vehicle batteries has the potential to decrease charging times, increase range, improve battery life and maximise performance. Niobium capacitors can substitute Tantalum, due to its stable performance, reliability level, non burning high resistance and high break down voltage. CAGR 6.8% CAGR 11.1% CAGR 10.0% CAGR 15.8% CAGR 9.1% CAGR 11% CAGR 6.4% Source: MRI , Optical & Glasses plus Thermo Power market : Grand View Research (2023 – 2030) Source: Allied market research (2022 – 2032) Source: Nuclear (SMR) : Allied market research (2020 -2023) An emerging vertically-integrated niobium producer. Source: Capacitors : Allied market research (2021 – 2031) ASX GBE | 9 Support from US and EU - Niobium top of the critical metal list EU, US, Japan, and India and Australia. When metals make critical lists in the USA and Europe, they are deemed essential for national security and economic stability but have at-risk supply chains. This status triggers diverse support mechanisms: In the USA, the DOE and DoD offer grants and loans, while public-private partnerships and initiatives like the Critical Materials Institute enhance supply diversification and recycling, bolstered by the Defense Production Act. An emerging vertically-integrated niobium producer. Europe funds initiatives like the European Innovation Partnership and Horizon Europe to secure materials and boost self-sufficiency, while alliances like the European Raw Materials and Battery Alliance promote sustainable resource use. Both regions aim to decrease import reliance, particularly from geopolitically sensitive areas, by fostering a complete, domestic supply chain that encourages innovation and sustainable practices. ASX GBE | 10 Increasing prices Current niobium oxide (Nb205) prices are $US58,000t for 99.9% (FOB China). Commodity Price per tonne at 1 April 24 Niobium oxide $US 58,000 Nickel $US 16,560 Copper $US 8,770 Colbalt $US 28,549 Lithium $US 15,152 An emerging vertically-integrated niobium producer. Source: Asia Metals ASX GBE | 11 The project ASX GBE| globemm.com Large resource base - long life of mine Potentially, the first globally significant niobium mine in 50 years. Mineral Resources Measured Indicated Inferred 5.3Mt 47Mt 16Mt 180ppm Ta2O5 954t Contained Ta2O5 135ppm Ta2O5 6,345t Contained Ta2O5 120ppm Ta2O5 1,920t Contained Ta2O5 3,770ppm Nb2O5 19,981t Contained Nb2O5 2,860ppm Nb2O5 134,420t Contained Nb2O5 2,430ppm Nb2O5 38,880t Contained Nb2O5 Total 68.3Mt 2,830ppm Nb2O5 193,281t Contained Nb2O5 135ppm Ta2O5 9,219t Contained Ta2O5 Ore Reserves Proved Probable 5.3Mt 28.5Mt 171ppm Ta2O5 906t Contained Ta2O5 136ppm Ta2O5 3,876t Contained Ta2O5 3,680ppm Nb2O5 19,504t Contained Nb2O5 2,930ppm Nb2O5 83,505t Contained Nb2O5 Total • Contains pyrochlore and zircon mineralisation in disseminated zones 3,048ppm Nb2O5 103,009t Contained Nb2O5 141ppm Ta2O5 4,782t Contained Ta2O5 • Niobium and tantalum mineralisation occurs within the mineral pyrochlore 33.8Mt An emerging vertically-integrated niobium producer. • High-grade mineralisation features pyrochlore bands associated with zircon Source: ASX on 19 August 2021 titled “Kanyika Niobium Project – Project Feasibility and Economics” ASX on 5 February 2024 titled “Robust Optimisation Study results support ASX GBE | 13 Kanyika Niobium Project Benefiting from tremendous support from the Hon Minister of Mining and her team at the Ministry of Mining. • • • • Mining Right issued Mine Development Agreement Signed Community Development Agreement being finalised Refinery development terms under discussion Figure 2: Production, processing and refining in Malawi. Figure 1. Signing ceremony for the Mining Development Agreement between the Globe and Malawi Government : 29 March 2023 An emerging vertically-integrated niobium producer. Shovel-ready, fully permitted, advanced staged project covered by a Mining Development Agreement, Mining License, and all environmental and land approvals required to immediately start construction. ASX GBE | 14 The Globe Chlorination Refinery Lilongwe - Malawi • Goal to be the first of its kind in Africa. • Supporting • Malawi’s efforts to export value added products • Industrial development in Malawi • Malawi’s global role in supplying responsibly sourced critical metals Pilot Chlorination plant under construction • Testwork has demonstrated up to 99% extraction of Niobium and Tantalum from a niobium concentrate from Kanyika • Confirmed removal of all radio-active materials (U & Th) from the product. • Successful extraction and separation of >94% of the key Rare Earth Elements (REE), as by-products. An emerging vertically-integrated niobium producer. Source: ASX on 19 August 2021 titled “Kanyika Niobium Project – Project Feasibility and ASX GBE | Economics” ASX on 5 February 2024 titled “Robust Optimisation Study results support Globe’s Kanyika Niobium Project. Refer Slide 18 15 Globe in Malawi – entering an exciting development phase • Finalise metallurgical test work • Milling and concentration optimisation • Construction and operation of the Chlorination Pilot Refinery • Production of Marketing samples • Finalise Refinery terms with the Government • Finalise our Social Development programs • Update the project Feasibility Study • Update the Mine and Concentrator study • Refinery Bankable Feasibility Study (BFS) – Malawi relocation • Update the Mine & Concentrator EIA • Refinery EIA and regulatory approvals • Phase 1 Construction and operation • Project infrastructure – Mine and Refinery • Mine and Concentrator • Chlorination Refinery An emerging vertically-integrated niobium producer. Source: ASX on 19 August 2021 titled “Kanyika Niobium Project – Project Feasibility and Economics” ASX on 5 February 2024 titled “Robust Optimisation Study results support Globe’s Kanyika Niobium Project. Refer Slide 18. ASX GBE | 16 The Kanyika Niobium Project's Phase 1 could significantly benefit Malawi's local community. 01 03 02 Diverse job roles provide skill-building opportunities for the workforce, transferable to other sectors. Hiring at the mine and refinery could total 109 new jobs, boosting local income and living standards. 05 $40m Capex in Phase 1, plus better roads/electricity will support the project and improve local living conditions. 07 06 Agricultural Development backed by the project, will improve irrigation and food security. 04 Using renewable energy sources, the project prioritizes environmental sustainability. An emerging vertically-integrated niobium producer. Initiatives in education and community development reflect Globe Metals & Mining's commitment to corporate social responsibility. Community royalties from the project could fund local development, healthcare, and education. 08 Introducing carbochlorination might spur technological advances and educational opportunities. ASX GBE | 17 Competent person’s statement Production target and forecast financial information Mineral resource estimates: Ore reserves: The information in this report that relates to Mineral Resources is extracted from the report titled “Kanyika Niobium Project – Updated JORC Resource Estimate” released to the Australian Securities Exchange (ASX) on 11 July 2018 and available to view at www.globemm.com and for which Competent Persons’ consents were obtained. Each Competent Person’s consent remains in place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent. The information in the report that relates to Ore Reserves is extracted from the report titled “Kanyika Niobium Project – Project Feasibility and Economics” released to the Australian Securities Exchange (ASX) on 19 August 2021 and available to view at www.globemm.com and for which a Competent Person’s consent was obtained. The Competent Person’s consent remains in place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent. The Company confirms that is not aware of any new information or data that materially affects the information included in the original ASX announcement released on 11 July 2018 and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the original ASX announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original ASX announcement. The Company confirms that is not aware of any new information or data that materially affects the information included in the original ASX announcement released on 19 August 2021 and, in the case of estimates of Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the original ASX announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original ASX announcement. Full details are contained in the ASX announcement released on 11 July 2018 titled “Kanyika Niobium Project – Updated JORC Resource Estimate” and is available to view at www.globemm.com Full details are contained in the ASX announcement released on 19 August 2021 titled “Kanyika Niobium Project – Project Feasibility and Economics” and is available to view at www.globemm.com Production target and forecast financial information (ASX Listing Rule 5.19): The production target and forecast financial information derived from the production target included in this presentation were first announced to the ASX in the announcement released to the ASX on 19 August 2021 titled “Kanyika Niobium Project – Project Feasibility and Economics” and secondly in the announcement released to the ASX on 5 February 2024 titled “Robust Optimisation Study results support Globe’s Kanyika Niobium Project. Globe confirms that all the material assumptions underpinning the production target as reported to the ASX on 19 August 2021, and the forecast financial information as reported to the ASX on 5 February 2024, continue to apply and have not materially changed. Full details are contained in the ASX announcement released on 19 August 2021 titled “Kanyika Niobium Project – Project Feasibility and Economics” as well as in the announcement released to the ASX on 5 February 2024 titled “Robust Optimisation Study results support Globe’s Kanyika Niobium Project. and is available to view at www.globemm.com An emerging vertically-integrated niobium producer. ASX GBE | 18