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 extends exploration footprint around Kvanefjeld multi-element project
Greenland Minerals and Energy (ASX: GGG) has consolidated its ground position around the Ilimaussaq Complex in south Greenland that hosts the world‐class Kvanefjeld multi‐element resource.
The Ilimaussaq Complex contains the world’s largest JORC rare earth Resource, uranium, zinc, as well as the three recently discovered deposits at Steenstrupfjeld, Zone 2, and Zone 3.
GMEL's application for the available exploration licenses was approved yesterday by the Greenland Government and no consideration was paid outside of normal license application fees.
Greenland Minerals is currently working to establish the optimal development scenario for a sustainable, long‐term, economically‐robust mining operation to produce both light and heavy rare earth elements, uranium oxide and zinc.
The deep‐water fjord system in southern Greenland creates a large‐scale natural harbor that can provide clear access to the project area for shipping, all year round.
An interim report on Pre‐Feasibility Studies has demonstrated the potential for a large‐scale multi‐element mining operation that could be developed to become the largest rare earth producing mine outside China.
The development could potentially create a stable new long‐term supply hub of rare earth metals in southern Greenland.
The new license areas occur immediately adjacent to the Ilimaussaq Complex and may be prospective for specialty metal mineralization hosted near the margins of the complex.
GMEL aims to conduct evaluations to assess the potential for mineralization, in conjunction with sterilising key areas that are under assessment for plant and infrastructure locations.
Currently, the company is considering a number of possible locations for key infrastructure items, which include areas adjacent to the Kvanefjeld resource, as well as the broad area on the northeastern side of the Ilimaussaq Complex.
During public meetings held in early April options for the location of key infrastructure items were presented to Greenlandic stakeholders as their input and environmental considerations are critical to the site selection process.
On March 31 the company delivered a significant upgrade in the resource estimate at the project with a 619 million tonne JORC‐code compliant resource. The company has since been ramping up its technical capacity to facilitate the feasibility program at the project.
