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 receives approval from Government for Kvanefjeld
Greenland Minerals and Energy (ASX: GGG, US-OTC: GDLNF.PK) has received a boost to the Kvanefjeld multi-element project in southern Greenland.
The Greenland Government has approved the company's ‘Terms of Reference’ for environmental and social impact assessments at the project.
The importance of the approval for Greenland Minerals is very significant, with the approvals a critical component of Definitive and Bankable Feasibility Studies.
This latest news is another boost for the company's Kvanefjeld operations, and follows on from the news in June of key work programs on the efficient development of the project.
Significantly, the beneficiation testwork programs are now producing positive results with recent tests resulting in the concentration of >85% of light REEs in <15% of the mass. This effectively increases the grade fivefold.
This opens the opportunity for further reductions in the capacity and cost of the REE leach circuit while maintaining a high output, reducing the capital costs of the project.
