Globe Metals & Mining Ltd (ASX:GBE) chief operating officer Paul Smith discusses promising developments at the company's Kanyika project in Malawi, highlighting its position as the first significant niobium project in 50 year.
The project, known for integrating mining, concentration, and refining processes within Malawi, has shown notable success in niobium recovery through chlorination refining. This method, preferred over traditional acid treatments for its environmental benefits and lower energy consumption, also supports the extraction of rare earth elements as valuable by-products, enhancing the project's economic appeal.
The construction of a lab-scale pilot plant, expected to be operational by April, marks a significant milestone, enabling the production of marketing samples for potential off-takers in Europe, Japan, and North America. This development is crucial for securing offtake agreements and advancing towards the commercialization of niobium and tantalum concentrates.
The project's phased development strategy aims to minimize initial costs and dilution for shareholders while seeking structured financing options to support its progression.
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Globe Metals & Mining Limited is an Australia-based resources company with its Kanyika Niobium Project in Malawi. The principal activities of the Company are to explore, develop and invest in the resource sector. The Kanyika Niobium Project is located in central Malawi, approximately 55 kilometers (km) northeast of the regional center of Kasangu and is secured by large-scale mining license No. LML0216/21 which grants the Company security of tenure and the right to mine niobium, tantalum, and deleterious uranium. The Kanyika Niobium Project in Malawi produces high purity niobium pentoxide and tantalum pentoxide powders. Its drilling programs totaling 33.8 kilometers of percussion and core drilling have defined the extent of mineralization. The Kanyika operations 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.