Ann: Quarterly Activities & Cashflows Reports, page-8

Positives from the report:

• A new processing engineer & 2 South African consultant engineers indicating another forward step in mine planning & development.
• GBE investigating a phased approach to construction for a quicker pathway top production with reduced up-front capital costs with the overall objective for GBE for a quicker pathway to initial production, prior to initiating full-scale operations.
• Good progress was made during the quarter ended 31 December 2021 in relation to off-take and project funding, with communications between Globe and several parties
• An ongoing process by Globe to forge better and stronger relationships with the Kanyika Community, non-Government groups and representatives of all levels of government and heralds a new era for community relations.
• Pyrochlore intellectual property was ongoing during the quarter & examination process of the Patent Cooperation Treaty is expected during the 2022 calendar year
• R & D rebate in the order of ~$445k
• Top 2 shareholders remain unchanged and 3 & 4 shareholders have slightly increased their holdings.