Mount Muambe REE-Fluorite Project

The Mount Muambe REE-Fluorite Project is one of Globe's most exciting opportunities. The Mount Muambe carbonatite crater shows a unique enrichment of valuable heavy rare earth oxides (HREOs) and with the 2011 RC drilling program now complete, the Company looks forward to an onging positive news flow in the early months of 2012.

Mount Muambe is a three to four kilometre diameter carbonatite crater located in the Tete Province of Mozambique. The Project hosts a high-grade inferred fluorite resource of 1.63 Mt @ 19% CaF2 for a contained 310,000t of CaF2. In addition, there are numerous REE prospects within the crater which show potential for substantial zones of both heavy and light rare earth mineralisation. Globe intends to focus its exploration efforts on these REE targets in 2012.

Globe can earn up to a 90% interest in the Project, and currently has earned 51%, based upon its 2nd year obligations under the joint venture agreement with Bala Usokoti Lda.

Download the Mount Muambe Project Profile.