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 17 May 2024 Investor Presentation – Germany Roadshow Attached is the Investor Presentation that will be delivered by Globe’s Chief Executive Officer, Paul Smith, and Chief Financial Officer, Charles Altshuler, at the Investor Roadshow in Germany from 20 – 24 May 2024. This announcement was authorised for release by Paul Hardie, Company Secretary. For further information, please contact: Paul Smith Chief Executive Officer +61 8 6118 7240 paul.smith@globemm.com The first globally significant niobium mine in 50 years and second vertically integrated Niobium oxide player globally. Investor Roadshow Germany - May 2024 Paul Smith Chief Executive Officer Charles Altshuler Chief Financial Officer ASX: GBE | FWB: G4U | 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 Highlights ASX: GBE | FWB: G4U | globemm.com Investment Highlights. ASX GBE | FWB G4U | globemm.com | TheGlobe's first globally purpose is to create a better future for all its stakeholders – significant niobium mine in 50 years and second throughvertically its responsible and sustainable acquisition and development of integrated Niobium oxide player globally critical metal projects in Africa. . • Strategic investment partner sought to develop Globe’s Kanyika niobium project in Malawi • Bottom quartile cost project with a focus on sustainable mining principles RESERVES AND RESOURCES (27-year life of mine) (JORC-COMPLIANT) Resources 68.3Mt at grades of: - 2,830ppm Nb2O5 - 135 ppm Ta2O5 Reserves 33.8Mt at grades of: - 3,038ppm Nb2O5 -141 ppm Ta2O5 • De-risked, phased development plan • Forecast project IRR of 47% and NPV of US$1 billion • In-country beneficiation using exclusive, environmentally-friendly chlorination refining process • Situated in a conflict-free zone, ensuring metals' origin is fully auditable • Fully permitted - Mining Licence, Mine Development Agreement and all environmental and land approvals in place • Rapid growing global demand for high-purity niobium oxide driven by new battery technologies, alloys, superconductors and electroceramics in aerospace and defense industries • As only the second vertically-integrated niobium oxide producer Globe offers mitigation against potential supply risk – c.92% of current global production is from two mines FINANCIAL INDICATORS *pre-tax NPV8* US$1.0bn IRR* 47.08% Revenue (life of mine) US$4.85bn Gross margin 70.83% Free cash flow* (life of mine) US$3.8bn Payback period 4.4 years An emerging vertically-integrated niobium producer. PHASED PROJECT DEVELOPMENT PHASE 1 (PILOT PHASE) • • • • 10% of full production Estimated capital cost - US$46m Development and construction - 29 months Commission mine, concentrator and chlorination refinery in Malawi • First production – Q3 2026 • Annual production - 313tpa Nb2O5, 14tpa Ta2O5 • Fully permitted and shovel-ready PHASE 2 • • • • • Estimated capital cost - US$250m Targeted development – Q4 2027 Development and construction time – 18 months Full production – Q3 2029 Annual production - 3,155tpa Nb2O5, 142tpa Ta2O5 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. ASX GBE | 4 Corporate snapshot ASX GBE | FWB G4U | globemm.com | The first globally significant niobium mine in 50 years and second vertically integrated Niobium oxide player globally Share price Market capitalisation $A0.052 A$35.2m A$-m 3 May 2024 3 May 2024 Debt 31 March 2024 Shares on issue Cash Various options 675.9m A$2.3m 27m 3 May 2024 31 March 2024 3 May 2024 52 week high $0.072, low $0.030 Share register Figures shown are approximate as at 3 May 2024 Position 1 2 3 4 5 Holder Name APOLLO METALS INVESTMENT COMPANY LIMITED AO-ZHONG INTERNATIONAL MINERALRE SOURCES PTY LTD TRIPLE TALENT ENTERPRISES LTD BNP PARIBAS NOMINEES PTY LTD ACF CLEARSTREAM MR COLIN ROBERT SEARL & MRS CYNDA SEARL Total Total issued capital - selected security class(es) Holding 351,405,158 % IC 51.99% 118,143,062 17.48% 69,428,662 14,453,289 10.27% 2.14% 12,349,888 1.83% 565,780,059 83.71% 675,867,588 100.00% An emerging vertically-integrated niobium producer. ASX GBE | 5 Board Management Citizenship) ASX GBE | & FWB G4U | globemm.com(including | The first globally significant niobium mine in 50 years and second vertically integrated Niobium oxide player globally Alice Wong (British) -Non-Executive Chairperson Ricky Lau (Canadian) Michael Barrett (Australian) Michael Choi OAM (Australian) Bo Tan (Canadian) -Non-Executive Director’s Paul Smith (South African) Chief Executive Officer Charles Altshuler (Australian) Chief Financial Officer Rex Zietsman (South African) Chief Technical Officer Grant Hudson (Zimbabwean) Regional Advisor for Malawi An emerging vertically-integrated niobium producer. ASX GBE | 6 Benchmarking of GBE’s market capitalization. Benchmarking of GBE market cap ($Am) 3 May 2024 NioCorp Market cap Highest Historic Market Cap achieved $Am 143 Nio WA1 Market Cap 696 1,099 WA1 GBE Market Cap 1,099 35 GBE Feas/Opti NPV GBE 1,600 0 500 1,000 1,500 2,000 An emerging vertically-integrated niobium producer. 104 0 200 400 600 800 1,000 1,200 ASX GBE | 7 Ideal time and opportunity for Globe to enter the market. Question: How do we compete with an established 50-year-old supply chain? – we do not compete – Globe focuses on the specialty oxide markets! 01 02 Low mining cost Efficient concentration Shallow, open-cast mining (low mining costs) and less than 1 stripping ratio in Phase 1. Globe total cash cost - $US 18,900/t (Nb205). Cash margin > 65%. Economic mineral processing and optimised oxide floatation, producing circa 20% Nb2O5 concentrate. 03 04 Chlorination refining Low carbon footprint Efficient - closed circuit chlorination refining technology versus Hydrofluoric Sulphuric Acid Leach with Ammonia Precipitation. An emerging vertically-integrated niobium producer. Very low refining residue (Recovery of chlorine for reuse). "Dry" refining - no effluent water. Low carbon footprint – making use of Biomass/ Hydropower. 05 Serving a speciality market Large resource base and long mine life Mineral Resources 68.3Mt Ore Reserves 33.8Mt 06 JORC 2012 defined The high-purity Niobium oxide products will be sold into the specialty metals markets, realizing premium prices over the ferroniobium market. The oxide market includes all oxide grades from standard grade up to optical grades of 99.99% Nb205, thus facilitating prices over US$50/kg. 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. ASX GBE | 8 The project ASX: GBE | FWB: G4U | globemm.com Kanyika Niobium Project Malawi, Africa Malawi, in southeastern Africa, offers stable investment opportunities, notably in mining, backed by transparent regulations and abundant mineral resources like niobium, uranium, and rare earth minerals. The new mining ministry demonstrates skills in technical expertise, regulatory compliance, project and stakeholder management, risk, financial management, communication, and problem-solving. Politically, Malawi enjoys peaceful transitions, improving democratic governance, combats corruption, and upholds civil liberties, fostering investment, development, and social stability. Malawi has not experienced significant civil unrest, armed conflicts, or political violence in recent history. Image: Top: Production, processing and refining in Malawi. Bottom: Signing ceremony for the Mining Development Agreement between the Globe and Malawi Government : 29 March 2023 Malawi is a trusted destination by large mining companies: Rio Tinto acquired a 15% stake in Sovereign Metals (Rutile & Graphite) for $27.6m. Located in central Malawi. An emerging vertically-integrated niobium producer. ASX GBE | 10 Kanyika Mine: Phase One Scaleable start-up operations .Malawi mining: Phase One- 86,000t of Ore per annum > Open pit mining Crushing Milling Flotation Drying Concentrate Sale and trucking “Free dig” mining Primary jaw and secondary cone EDS mill Single stage: Rougher, scavenger and cleaners Locally produced biomass as fuel Contains radioactive nuclides Bulk bags loaded onto flat bed trucks Load and haul Ball mill Malawi refinery: Phase One- 313t of Niobium Oxide per annum > Salt (NaCl): Electrolysis of salt to produce chlorine + Concentrate and chlorine gas: Chlorine is recycled from oxidation and reduction > > > Chlorination reactor: Distillation and purification: Metals converted to gaseous chlorides at high temperature Very high purity >99% achievable in batch distillation Selective cooling gives primary separation of metal chlorides An emerging vertically-integrated niobium producer. High grade niobium (and other) metal oxides and powders: Regenerated chlorine is recycled back to the chlorinator 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. ASX GBE | 11 Metallurgical test work and Pilot plant These achievements highlight significant milestones in our project's advancement, emphasizing sustainability, efficiency, and progress towards commercialization. • Niobium/Tantalum Extraction and Separation: Employed environmentally sustainable chlorination refining, ensuring radiation-free products by effectively removing radioactive materials. Achieved over 94% extraction and separation of key Rare Earth Elements (REE). • Refinery Pilot Plant Construction and Off-take Agreements: Constructing a refinery pilot plant to produce marketing samples, finalizing off-take agreements. • Flotation Economic Optimization Testwork: Successfully completed testwork, selecting reagents for refining. • Production of Concentrate Feedstock: Initiated concentrate feedstock production for Globe's chlorination refinery pilot plant, utilizing low-impact technology. An emerging vertically-integrated niobium producer. Image: Distillation column for Globe’s Pilot Plant under construction at Resonant Group’s facility in Johannesburg, South Africa. ASX GBE | 12 Globe's Commitment to ESG Practices & Policies: A prerequisite for project funding. Globe's niobium oxide product meets specialty metal sector demands and caters to the emerging energy transition market and is non-radioactive. • The Kanyika Niobium Project adopts innovative, eco-friendly production techniques, reducing waste and promoting ESG values. • Engages in community programs, promotes renewables, and plans biomass use, aligning with sustainability goals, creating over 100 jobs in phase 1. • Niobium's qualities make it environmentally friendly, enhancing project sustainability. • Dry tailings disposal minimizes environmental impact. • Overall, the project aims for economic growth, community improvement, and environmental stewardship in Malawi. An emerging vertically-integrated niobium producer. Image: 10-ton sample extraction on 3 May 2023 ASX GBE | 13 The financial metrics ASX: GBE | FWB: G4U | globemm.com Completed an| globemm.com Optimization Study ASX GBE | FWB G4U | The first globallywhich confirms robust financial significant niobium mineoutcomes. in 50 years and second vertically and technical integrated Niobium oxide player globally Metrics Units 2023 Opt study NPV 8% (pre-tax) US$m 1,001 IRR (pre-tax) % 47.08% Closing cash balance (LOM) US$m 2,882 Total FCF pre-tax (LOM) US$m 3,834 Life of Mine Years 27 Payback period (Yrs) Years 4.4 Revenue (LOM) US$m 4,785 Cost of goods sold (LOM) US$m 1,395 Gross Margin (LOM) US$m 3,390 Gross Margin (LOM) % 70.83% Metrics Units Phase One Phase Tw o ROM Ore production ktpa 86 1,455 ROM Grade (Nb205) ppm 4,933 3,063 Concentrate production ktpa 2 18 Concentrate grade % 20% 18% Refined Nb205 tons/year 313 3,155 Refined Ta205 tons/year 14 142 Annual Turnover US$m 20 205 Annual EBITDA US$m 7 112 Capital Cost (Mine & Concentrator) incl US$m Environmental bond & PAP relocation 17 190 EBIT (LOM) US$m 2,719 Capital Cost (Refinery) US$m 12 41 Net profit before tax (LOM) US$m 3,805 Total Capital cost US$m 29 231 Tax (LOM) US$m 1,112 14.17 6.91 Net profit after tax (LOM) US$m 2,682 Total ore mined tons m 33.8 Total ore including w aste mined tons m 87.2 Operating Cost (Mine & Concentrator) Operating Cost (Refinery) US$/kg (Nb205) US$/kg (Nb205) Total operating costs 11.9 11.88 26.08 18.79 Total concentrate produced tons (000's) 414 Project NPV pre-tax (8%) US$m 20 984 Total Nb205 production tons (000's) 73.8 IRR % 32.54% 47.08% Total Ta205 production tons (000's) 3.3 Total unit cost US$ 41 Total unit cost including w aste US$ 16 Total unit cost (Per kg Nb205) US$ 18.9 Selling price of Nb205 (per kg) US$ 51.48 An emerging vertically-integrated niobium producer. • Pre-tax NPV at an 8% discount rate stands at US$1,001 million with an impressive pre-tax IRR of 47.08%. • Total Free Cash Flow (pre-tax) throughout the Life of Mine (LOM) amounts to US$3,834 million. • Payback period is estimated at 4.4 years. • Revenue over the LOM is projected to reach US$4,785 million with a Gross Margin of US$3,390 million, equivalent to 70.83%. • EBIT over the LOM is forecasted at US$2,719 million, while net profit before tax is estimated at US$3,805 million. • After taxation, net profit is projected at US$2,682 million. • The total unit cost per kg of Nb2O5 at US$18.90. • The selling price of Nb2O5 is anticipated to be US$51.48 per kg. ASX GBE | 15 The market ASX: GBE | FWB: G4U | globemm.com 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, support includes federal grants and loans from agencies like the DOE and DoD, publicprivate partnerships providing financial and technical support, the Critical Materials Institute's efforts in diversifying supply and improving recycling, and the Defense Production Act, which prioritizes critical materials production. In Europe, funding comes from initiatives like the European Innovation Partnership and Horizon Europe, focusing on securing raw material sources and increasing self-sufficiency. The European Raw Materials Alliance and the European Battery Alliance enhance resource sustainability and support critical raw materials for transitions in energy and technology. 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. An emerging vertically-integrated niobium producer. ASX GBE | 17 Niobium has many applications in the New Economy • Niobium oxide presents a promising solution for aerospace and battery technology due to its exceptional properties. It’s weldability and fabricability enable the production of complex aerospace parts precisely. • Its high strength-to-weight ratio makes it vital in aerospace design, ensuring structural integrity while reducing weight. Additionally, its stability at high temperatures suits components in jet engines and rocket propulsion systems. • Moreover, niobium oxide finds application in ophthalmic lenses, providing high refractive indices and low specific gravity, ideal for vision correction. Superconductors, capacitors and the nuclear industry all benefit from Niobium. An emerging vertically-integrated niobium producer. In addition to ferroniobium’s (65% niobium) use in in the production of High Strength Low Alloy (HSLA) steel. • In battery technology, niobium oxide offers greener, cheaper, and cobalt-free alternatives with rapid charging in under 10 minutes, enhanced energy density, and stability over 10,000 charging cycles. • This technology is crucial for round-the-clock supply chain operations, where rapid charging ensures heightened productivity. Electric mining trucks utilizing niobium oxide technology eliminate fossil fuel dependency, allowing efficient operation with rapid charging cycles. • Overall, niobium oxide's versatile properties offer transformative solutions in aerospace, battery technology, and beyond. ASX GBE | 18 Potential customers and offtakes: A shortage of supply but plenty customers 01 03 02 Electronics Manufacturers: Significant players in consumer electronics, telecommunications, and semiconductor manufacturing. 05 Battery Manufacturers: Attracting interest for electric vehicles, consumer electronics, and energy storage systems. Catalyst Manufacturers: Key in petroleum refining, petrochemical production, and chemical processes. Optical Coating Companies: Catering to applications in photography, aerospace, defense, and telecommunications. 06 04 Superconductor Manufacturers: Essential for MRI machines, particle accelerators, and magnetic levitation systems. 07 Advanced Materials Companies: Incorporating niobium oxide into composite materials and coatings An emerging vertically-integrated niobium producer. Traders in the Niobium Oxide Market ASX GBE | 19 Market overview The market is moving in Niobium’s direction due to its properties, namely, heat resistance, corrosion resistance, strength, weldability, and light weight. These are metals that have economic importance, as well as significant dependency on imports. 01 02 Market trends: East versus West Market trends: Supply Chain Market trends: Technology and ESG • Brazil's dominance (only 3 current players worldwide) in global supply poses risks, spurring the US and Europe to seek alternative mining. China invests in Brazilian firms for diversification. • AI will transform data analysis, industry 4.0, and robotics, leading to exponential growth in data centers where capacitors are crucial. • Asian urbanization, especially in China and India, will drive consumption growth with expanding middle classes. • This rise in prosperity, particularly in India and China, will increase demand for healthcare, including imaging technologies like MRIs. • To secure supply chains, the US should partner with niobium-rich regions like Canada, Africa, and Europe, essential for aerospace and national security. An emerging vertically-integrated niobium producer. 03 • The Space Race will boost demand for superalloys with increased satellite production, while ESG concerns will drive demand for renewable energy, elevating the need for thermopower technology and materials like superalloys. ASX GBE | 20 Niobium oxide Average market size: $500m USD • • • • • • Asia Pacific has the highest CAGR at 12.59% with a total CAGR of 10% forecast from 2023 to 2028. • Niobium oxide currently comprises 9% of the total Niobium market. • Nb205: $500m total market currently • • 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. Niobec and China Moly produce ferroniobium. Only CBMM produces Niobium Oxide (Nb2O5) in addition to ferroniobium (FeNb). The Nb2O5 is a small but growing market with a market FeNb: $5.6bn total market currently. Niobium Oxide Market (tpa) 18,000 15,000 12,000 9,000 6,000 Total Niobium market: $6bn An emerging vertically-integrated niobium producer. 3,000 - 2018 2019 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 (est.) (est.) (est.) (est.) (est.) (est.) (est.) Source: Mordor Intelligence and Asia Metals ASX GBE | 21 Niobium oxide Prices The high-purity Niobium oxide products will be sold into the speciality metals markets, realising premium prices over the ferro-niobium market. An emerging vertically-integrated niobium producer. 1) Covering all Oxide markets from standard grade to high quality grade with a focus on Optical grade (99.99%). 2) Facilitates selling prices in excess of US$50 per kg. 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 Source: Mordor Intelligence and Asia Metals ASX GBE | 22 Planned milestones. ASX: GBE | FWB: G4U | globemm.com Planned Project Milestones. 01 03 02 Commission and operate demonstration Chlorination pilot plant – currently being constructed. – April / May 2024 05 Produce high purity Nb2O3 product (>99.95% pure) to support the signature of offtake Agreements. – Q3 24 04 Complete the update of the BFS. – Q4 24 Board approval to execute the project.Q1 25 06 Mine, Concentrator and Refinery construction (all in Malawi) – Phase 1 – 18 months of construction Commission and production c. 2026 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. ASX GBE | 24 Project plan 2024 May June Month Month number Months 1 2 Geolabs Concentrate (50kg Conc 2) 1 TCM Lab scale Testwork 1 Pilot plant operation 2 Conceptual engineeering 3 Offtake agreements signed 3 Geological resource update 2 Solo - Concentrator FEED 2 ` BFS Update 4 Decision to execute project 6 Owners Team appointment 1 EPCM appointment 1 Mine access road 10 PAP Relocation 7 Refinery ESIA 8 Mine ESIA update 3 Environmental Bond payment 9 Mine & Concentrator Mine & Concentraor FEED 4 Mine Water Infrastructure 10 Mine Power Infrastructure 10 Mine Project 11 First Ore 18 Concentrator Project 13 First Concentrate 15 Refinery Refinery FEED 4 Refinery Water Infrastructure 7 Refinery Power Infrastructure 7 Refinery Project 17 First Refined product 18 Project support services Communications (Mine & Refinery) 3 Project readiness 14 Jul 3 Aug 4 Sep 5 Oct 6 Nov 7 Dec 8 2025 Jan 9 Feb 10 Mar 11 An emerging vertically-integrated niobium producer. Apr 12 May June 13 14 Jul 15 Aug 16 Sep 17 Oct 18 Nov 19 Dec 20 2026 Jan 21 Feb 22 Mar 23 Apr 24 May June 25 26 Jul 27 Aug 28 Sep 29 v ASX GBE | 25 Phase 1 Development All quoted in USD Test work and updated feasibility Social, Environmental and Infrastructure costs Execution Mine & Concentrator Execution Refinery Project support services Contingency on execution Working capital Corporate running costs Total 781,931 4,210,000 12,718,937 11,372,511 500,000 7,395,845 2,650,381 6,128,378 45,757,983 Already funded 640,244 676,588 1,316,833 Tranche 1 141,686 1,110,000 1,729,582 811,781 50,000 500,000 1,643,674 5,986,724 Tranche 2 Tranche 3 1 3,200,000 100,000 5,321,791 5,667,564 2,497,789 8,062,941 176,923 273,077 2,799,126 4,096,719 2,650,381 1,261,235 2,546,881 15,256,864 23,197,563 The working budget is subject to change. Tranch 1 % Complete Metallurgical test work 100% Offtake agreements signed 100% BFS updated 100% Conceptual engineeering 100% Mine & Conc EIA updated 66% Refinery EIA 50% Owners Team appointment 100% EPCM appointed 100% Mine access road 10% PAP Relocation 14% Mine & Concentraor FEED 100% Refinery FEED 100% An emerging vertically-integrated niobium producer. INVESTMENT PARAMETERS Capital raise of cUS$46m to develop Phase 1 Flexible investment structure could include asset-level financing Funding package could include mix of debt, equity, convertible notes and pre-shipment financing ASX GBE | 26 Growth plans ASX: GBE | FWB: G4U | globemm.com Regional growth opportunities • Globe has identified several very exciting regional exploration projects • The projects are a good fit for Globe and its strategic development ambitions in the region. • Globe has identified 5 to 6 projects with drill confirmation of grade and extent of the mineralisation. • Key commodity focus being: • REE (both light and heavy) • Niobium • Lithium – (pegmatitic) • Base Metals & PGM’s • Strategically, the use of Globe’s Chlorination refining technology, the refining of REE and Base Metal concentrates would also be amenable to refining - in country. • Funding via strategic options that are that could be innovative and non-dilutive such as debt funding, equity swaps, partnerships or joints ventures, asset-based financing, convertible instruments and royalty financing as examples. An emerging vertically-integrated niobium producer. ASX GBE | 28 How to join the Globe Metals & Mining Investor Hub: Head to: https://investorhub.globemm.com /auth/signup Follow the prompts to sign up for an Investor Hub account. Complete your account profile. Link your shareholdings if you are a current shareholder.