Globe Metals & Mining announced the market of 30% increase in the inferred JORC resource estimate at the Livingstonia Uranium Project in northern Malawi. Attached is the relevant market release by Globe’s JV partner Resource Star Limited. Globe would like to congratulate Resource Star on achieving this increased resource estimate.

Resource Star currently holds a 20% interest in the Livingstonia Uranium Project and can earn up to 51% interest by spending USD 3.25 million over 4 year period in addition to its spend in relation to the initial 20% interest.

In the event that Resource Star is able to produce 10,000 tonne U3O8 inferred JORC resource estimate within a further 2 year period it can earn a total 70% interest in the Project and a maximum 80% interest upon completion of a feasibility study.