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Additional Information
Market: ASX
Sector: General Mining - Rare Earth Minerals
EPIC: GGG
Latest Price: A$0.38  (-2.56% Descending)
52-week High: A$0.76
52-week Low: A$0.38
Market Cap: A$155.69M
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Greenland Minerals and Energy Limited
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.

Full Greenland Minerals and Energy Limited profile here
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Greenland Minerals and Energy in pre open pending Kvanefjeld announcement

1st Dec 2011, 1:04 am

Greenland Minerals and Energy (ASX: GGG) has been granted a trading halt by the ASX today pending the release of an announcement regarding developments associated with the Kvanefjeld multi-element project in Greenland.

In August this year, Greenland Minerals moved to 100% ownership of Kvanefjeld, which hosts the largest occurrence of rare earths, 6.6 million tonnes total rare earth oxides, as defined by internationally recognised standards, along with 350 million pounds uranium and 3 billion pounds of zinc.

The company will remain in pre-open until the earlier of the announcement being released to the market or the open of trade on Monday December 5.

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From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.