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 16 June 2023 Kanyika Niobium Project – Further Update Highlights • Logistics solution confirmed for safe and compliant transportation of Class 7 material from the Company’s Kanyika Niobium Project concentrate. • Board evaluating strategic partnerships and potential offtake agreements. Globe Metals & Mining Limited (ASX: GBE) (“Globe” or “Company”) is pleased to advise that it has finalised initial discussions with C. Steinweg Group to safely handle the transportation of the Kanyika Niobium Project concentrate. Concentrate from the Kanyika Niobium Project (Project) is classified as Class 7 material 1 and is labelled as hazardous. As such, certain strict protocols need to be followed in the management and handling of the product. Ensuring that Globe has a compliant transport operator that can carry concentrate from the Project to the refinery in Namibia is a critical step in the de-risking of the Project. C. Steinweg Group is a globally operating independent, worldwide logistics service provider. They operate in the fields of storage, handling, forwarding, chartering and other commodity related logistics services. C. Steinweg Group has over 5,000 employees located across 100 locations in 52 countries. They are well-known in the region and are the largest logistics company in Malawi with 5 sites and an additional office in Namibia. Globe has now received and accepted an indicative quotation from C. Steinweg Group to transport the concentrate from the Project to the refinery in Namibia. The route chosen by Globe in consultation with C. Steinweg Group is Kanyika to Johannesburg and onward to Walvis Bay in Namibia. These are regular and established logistics routes and are more cost effective as they allow for back hauling along the line. Commen�ng on the rela�onship with C. Steinweg Group, Globe Chief Execu�ve Officer, Grant Hudson, said, “We see this opportunity as a long-term partnership in which C. Steinweg Group can support Globe with logistics infrastructure and expertise, underpinned by our shared strong commitment to safe, efficient and cost-effective supply chain operations,” he concluded. Hazard Class 7: Radioactive Material – and material that contains unstable isotopes of an element undergoing decay and emitting radiation. 1 Figure 1. Route chosen by Globe in consultation with C. Steinweg Group is Kanyika to Johannesburg and onward to Walvis Bay in Namibia Funding Update The Board continues to evaluate further fund raising for the short and medium-term value drivers as outlined in Globe’s Quarterly Report on 28 April 2023 2. In addition, the Board is evaluating strategic partnerships and potential offtake agreements to fund Phase 1 and Phase 2 of the mine and refinery development and will update the market of any steps it decides to take at the appropriate time. 2 ASX Announcement 28 April 2023, Quarterly Activities/Appendix 5B Cash Flow Report 2 Authorisation for Release This ASX Announcement has been authorised for release by the Company’s Chief Executive Officer, Grant Hudson. For further information, please contact: Grant Hudson Chief Executive Officer +61 8 6118 7240 gh@globemm.com Fiona Bryce Media and Investor Relations +61 400 029 258 fiona@republicpr.com.au About the Kanyika Niobium Project The Kanyika Niobium Project is located in central Malawi, approximately 55km northeast of the regional centre of Kasangu and is secured by Large-Scale Mining Licence No. LML0216/21 which grants the Company security of tenure and the right to mine niobium, tantalum, and deleterious uranium. Drilling programs totalling 33.8 kilometres of percussion and core drilling have defined the extent of mineralisa�on. Structured and progressive engineering studies have resulted in the current (JORC 2012) Mineral Resource Es�mate (refer below) and given rise to significant improvements and simplifica�ons in the process flowsheet, from that first imagined. In addi�on, Globe has undertaken substan�al metallurgical op�misa�on work and commissioned a pilot plant to demonstrate and further op�mise metallurgical processes. Metallurgical op�misa�ons studies have improved recoveries from 62% in 2012 to 75% today, through simple novel patented metallurgical processes. The Kanyika opera�ons will produce a pyrochlore mineral concentrate that contains both niobium and tantalum in commercially valuable volumes to be shipped to a refinery for advanced processing into high purity materials. 3 A Mineral Resource Es�mate for the Kanyika Niobium Project under the 2012 JORC guidelines was reported to ASX on 11 July 2018 as follows: Mineral Resource Es�mates The informa�on in this report that relates to Mineral Resources is extracted from the report �tled “Kanyika Niobium Project – Updated JORC Resource Es�mate” released to the Australian Securi�es 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 informa�on in the same form and context, un�l the consent is withdrawn or replaced by a subsequent report and accompanying consent. The Company confirms that is not aware of any new informa�on or data that materially affects the informa�on included in the original ASX announcement released on 11 July 2018 and, in the case of es�mates of Mineral Resources, that all material assump�ons and technical parameters underpinning the es�mates in the original ASX announcement con�nue 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. Full details are contained in the ASX announcement released on 11 July 2018 �tled “Kanyika Niobium Project – Updated JORC Resource Es�mate” available to view at www.globemm.com. 4