Globe Shares Jump on Rare Earths Find

Sydney Morning Herald reported that positive results for rare earths boosted shares in Globe Metals and Mining (ASX:GBE).

The market news is quoted as saying:

‘‘The orientation program has revealed an exciting, large, diverse and complex REE and fluorite mineralised system,’’ the company statement said. ‘‘The south-eastern half of the complex has seen virtually no work to date. The company therefore considers it highly likely that further significant zones of REE and fluorite mineralisation will be discovered and defined as the exploration programs progress.’’

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