Optimisation study yields strong support for Globe’s Malawi niobium project

Australia-listed Globe Metals and Mining has achieved significantly improved economic and environmental outcomes from its Kanyika niobium project, in Malawi, through an optimisation study that provides strong support to advance the project towards financing and development. The optimisation study determines that Kanyika, which has the potential to become the first new globally significant niobium mine in 50 years, has a pretax net present value (NPV) exceeding $1-billion an an internal rate of return (IRR) of 47.08%.