Australian is the world's biggest free online database of information on Australian resource companies.

This website has up-to-date details on over 1000 separate listed and unlisted organisations, including what they mine (or explore) for, how much of any given resource they have in the ground, or in reserve, the location of their operations, corporate details, news, links and history. Find out more

Australian Shares

Australian Shares Sparty's Blog

Comments on this blog should never be taken as investment advice

Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.

Main ForumASX:GGG license breakthrough

  • If you have read my earlier posts re GGG you'll know that once GGG comes on line the world's Rare Earths and in particular the Heavy Rare Earths supply characteristics will be changed from deficit to surplus.

    Today's announcement by GGG:

    "Greenland Minerals and Energy Ltd ("GMEL" or "the Company") is pleased to announce that the government of Greenland has amended the Company?s exploration license (EL 2010/02) covering the Kvanefjeld multi-element project such that it is now inclusive of uranium.

    This license covers the northern Ilimaussaq complex and includes the world-class Kvanefjeld resource, in addition to emerging satellite deposits Zones 2 & Zone 3 (Table 1). Under the licensing framework in Greenland, the licensee maintains the right to apply for an exploitation (mining) license for all exploitable elements listed on the exploration license. Importantly EL 2010/02 now includes radioactive materials, providing the company with the clear right to apply for the exploitation of radioactive elements along with all other exploitable elements. The granting of an exploitation license will be dependent on establishing an environmentally and socially sustainable development scenario that is economically robust."

    indicates that Greenland Energy and Minerals is now substantially de-risked.

    Follow this link to my blog to a list of my earlier posts re GGG.

    I own GGG

  • As I understand it GGG do not yet have the Government agreement to mine and sell Uranium as part of their multi element project. They are close but no-one should break out the cigars. Alite

Want to take part in this discussion? Click one of these: Sign In Apply for Membership

Australian Shares Forum Options


Howdy, Stranger!

It looks like you're new here. If you want to take part in the discussions, click one of these buttons!

Sign In Apply for Membership