Globe Metals & Mining Limited (ASX:GBE) – Economics improved, progressing to DFS.
RaaS Research Group has published a report on niobium play Globe Metals & Mining Limited as part of our research partnership with InvestorHub.
The company has progressed on several fronts including improving the economics of the project with a change to the chlorination process which has delivered a lower cash cost and improved environmental sustainability while producing high-purity products capable of commanding premium prices;
The updated DFS is expected to be released in Q2 CY25 and offtake agreements before the end of this calendar year.
GBE still trades at a discount to its peers, although the gap has closed since our first report in February. We’d expect to see the gap narrow further as the company passes more milestones.