Additional Information
Market: ASX
Sector: General Mining - Rare Earth Minerals
EPIC: GGG
Latest Price: A$0.08  (5.33% Ascending)
52-week High: A$0.34
52-week Low: A$0.08
Market Cap: A$52.88M
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Deal GGG Tax Free*
*subject to change and depends on individual circumstances.
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Greenland Minerals and Energy
www.ggg.gl
Deal Greenland Minerals and Energy Tax Free* Losses can exceed
your initial deposit
*subject to change and depends on individual circumstances.

Greenland Minerals and Energy's (ASX: GGG) flagship project is Kvanefjeld, a multi-element deposit located near the southwest tip of Greenland. Kvanefjeld is rapidly growing into one of the world’s largest undeveloped deposits of rare earth elements, uranium and naturally occurring sodium fluoride.

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Greenland Minerals and Energy MD Rod McIllree leads the way

October 09 2012, 3:47am Greenland Minerals and Energy MD Rod McIllree leads the way

Greenland Minerals and Energy's (ASX: GGG) managing director Roderick McIllree has acquired 350,000 shares on market, bringing his total holding up to 11,761,456 shares.

McIllree paid a total of A$106,500 for the shares, which were acquired in three separate transactions, for an average price of A$0.304 each.

Besides the shares, he also holds 2.8 million performance options in three tranches and 2.7 million performance rights, also in three tranches.

The company is moving towards 100% ownership of the Kvanefjeld multi-element project, recognised as one of the world’s largest resources of heavy and light rare earth elements and uranium.

A comprehensive prefeasibility study released in May had provided a clear indication of the potential for Kvanefjeld to be developed as a long life, cost‐competitive producer of both heavy and light rare earth elements and uranium oxide.

Greenland Minerals is continuing to optimise the Kvanefjeld project, and focus on completing a mining license application, in line with its strategy of progressively derisking the project to generate greater value recognition as it advances towards development.

 

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