Globe Reports Results of Trenching Program at Machinga REE Project in Malawi

Globe Metals & Mining is delighted to report the third batch of results for the initial trenching program at the Machinga North target, from the Machinga Rare Earth Project in southern Malawi.

kilowatts to mine a tonne of coal

Globe’s Executive Chairman, Mr. Mark Sumich, said “Machinga is becoming increasingly exciting. The latest batch of trench results are of similar overall grade as the earlier trenches, and again contain significant grades of the more valuable heavy rare earths.”

“What is potentially most relevant though about these latest results is that the strike length of the Machinga North target has expanded to 2.7km. And Machinga North is just one of seven targets within the EPL, so we have enormous potential to confirm a significant economic REE deposit.”

“Our investors and followers would of course be aware of the increasing global interest in, and demand for REEs, especially in light of the recent and ongoing Chinese restrictions on the export of its domestic REE products. Malawi is just one of a few countries with known economic REE deposits, so we are confident we are in the right location.”

Highlights include:

Multiple new zones of heavy rare earth oxide (HREO) and high-grade niobium mineralisation intersected in newest trenches at Machinga North

• MATR005: 10m @ 1.00% TREO & 0.50% Nb2O5
• MATR003: 15m @ 0.45% TREO & 0.75% Nb2O5; Inc. 5m @ 0.54% TREO & 1.34% Nb2O5