www.ggg.gl
Greenland Minerals and Energy Ltd, is a mineral exploration and development company, focused on unlocking the mineral riches of Greenland, one of the world’s last natural resource frontiers. Our aim is simple; to identify large mineral deposits with the potential to underpin long term, economically robust mining operations. This is achieved through technically-focused exploration, aggressive resource development programs, and a strong understanding of the fundamentals that drive the business of mineral exploration and development globally.
Our flagship project is Kvanefjeld, a multi-element deposit located near the southwest tip of Greenland. Through focused exploration, Kvanefjeld is rapidly growing to become one to the world’s largest undeveloped deposits of rare earth elements, uranium and naturally occurring sodium fluoride, commodities with long term forecasts for strong demand increases.
Greenland Minerals and Energy boosts total Kvanefjeld resource 35%
Greenland Minerals and Energy (ASX: GGG) has delivered a significant upgrade in the resource estimate at the Kvanefjeld Multi‐Element Project in southern Greenland.
SRK Consulting increased the JORC Indicated resource 20% to 437 million tonnes, and the total resource 35% to 619 million tonnes, effectively confirming Kvanefjeld as one of the world’s most significant resources of rare earth elements and uranium.
The contained metal inventory is; 6.6 million tonnes of total rare earth oxide (TREO), 350 million pounds of U3O8 and 3 billion pounds of zinc.
The TREO includes 0.24 million tonnes of heavy rare earth oxides, and 0.53 million tonnes Y2O3.
Greenland Minerals said the resources of the northern Ilimaussaq complex are both extensive and unique, providing the potential to produce both light and heavy rare earth products, uranium and zinc concentrates, fluoride compounds and a zirconium product.
The company's base case mining scenario evaluates an operation to produce a rare earth concentrate and uranium oxide.
Current metallurgical programs are advancing the process route to produce both a light and heavy rare earth product, including yttrium, uranium and zinc concentrates.
Importantly, key beneficiation studies are underway aiming to significantly enhance the project’s efficiency and economics.
