Globe Metals & Mining Limited provided an overview of the Kanyika Niobium Project Feasibility and Economics following the grant of a Large-Scale Mining Licence for the Kanyika Niobium Project in Malawi to Globe's wholly owned Malawian subsidiary Globe Metals & Mining (Africa) Limited. The Kanyika Niobium Project promises to be a project, utilising technology for a metal. It is projected to employ and train thousands of local staff over its life, and through the many community programs envisaged, it can be expected to improve the lives of the Kanyika community and make for a better Malawi. This feasibility study was undertaken to establish the most appropriate configuration for the Kanyika Niobium Project (KNP or Project) and to determine its economic feasibility. The KNP is geographically located in central Malawi, approximately 250 km north of the capital Lilongwe. The mine will produce about 260,000 tonnes of niobium and tantalum concentrate over the 23-year life of operations and on average about 11,300 tonne per annum. Concentrate will be transported to a refinery for processing into a marketable product. The refinery will produce high-purity and high-quality niobium and tantalum products to customer specification. The 2018 Mineral Resource estimate (MRE), that is consistent with the JORC Code guidelines (2012), consists of 68.3 million tonnes of mineralisation with a grade of 2,830 ppm Nb2O5 and 135 ppm Ta2O5. The feasibility study has resulted in a mineral mining inventory (Ore Reserve) of 33.8 Mt at a grade of 3,038 ppm Nb2O5 and 141 ppm Ta2O5 and supports a mine life of 23 years. Mining will involve conventional open pit mining, consisting of drill-and-blast followed by load-haul using 70 tonne shovels and 40 tonne off-road articulated haul trucks. The life of mine average strip ratio is 1.54 waste to 1 ore (SR W:O 1.54:1). Mineral processing of ore will involve comminution at a rate of 1.5 million tonne per annum; Comminution involves crushing, followed by Semi-Autogenous Grinding (SAG) and ball milling in a closed circuit with Derrick screen classifiers. Concentration involves magnetic separation, flotation beneficiation and gravity separation to produce a (niobium/tantalum) pyrochlore mineral concentrate. Mineral concentrate from the mine is transported by road, rail, and ship to the refinery. Construction of supporting infrastructure at the mine site is needed to allow a continuous high-availability operation, including a river diversion, roads, a tailings storage facility, camp and general buildings, water supply, and grid power connection. The initial capital investment for the Kanyika mine site is forecast at USD 200 million expended over a 24-month development period. Refinery capital investment is estimated at USD 50 million. Mine site sustaining and deferred capital of USD 80 million will be deployed over the life of operations funded from cash flow and USD 20 million for the refinery over the life mine. Revenue from refinery sales is valued at a base price of USD 55/kg for Nb2O5 and US$410/kg for Ta2O5 generating revenue, with by-products, of USD 5.6 billion. Total operating costs average USD 70 million per annum with logistics, sales, and marketing costs to average USD 13 million per annum. Total environmental management costs during operations and for post operations rehabilitation total USD 48 million. Marketing studies evaluating the sale of niobium and tantalum products remain works-in-progress at the time of this study with pricing sourced from research reports and communication with marketing specialist groups. The current business case for Kanyika mine involves the sale and export of all mineral concentrate.