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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 ForumGreenland Energy update: Unique non-refractory ore minerals, readily liberate middle - heavy REEs

  • June 2015 Quarterly Report

     

    Highlights

    • Kvanefjeld Feasibility Study complete, confirms the project can be developed to become a cost-advantaged, diversified producer of rare earth products, uranium, zinc and fluorspar
    • Key advantages of the project include:
      • A world class resource ba se that remains open to expansion and further development opportunities
      • Unique non-refractory ore minerals, that readily liberate middle - heavy rare earths and uranium
      • A simple process flow-sheet that has been rigorously developed, backed by pilot plant operations
      • Clear potential to become a dominant producer at the low of the cost-curve, for multiple decades
    • Maiden Ore Reserve Estimate established - 108 million tonnes, sufficient to underpin initial 37 year mine-life (factors in Q1, 2015 metal prices)
    • Large-scale beneficiation pilot plant operation successfully operated in Finland in association with the EURARE program that processed 26 tonnes of ore to generate 2 tonnes of mineral concentrate
    • Independent Danish experts visit south Greenland to provide facts in relation to uranium, rare earths, radioactivity and the environment
    • Regulatory developments - international safety conventions associated with radioactive materials now in public hearing in Greenland
    • Company focus now on finalising the Environmental and Social impact Assessments that supplement the Feasibility Study which will complete material for a mining license application

    To read full ASX Announcement go to: http://www.ggg.gl/docs/quarterly-reports/Q2_2015-GGG-Quarterly-Activity-Report.pdf 

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