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GREENLAND MINERALS AND ENERGY LIMITED - ASX: GGG
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Description
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 and 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 giant multi-element deposit (REEs-uranium-zinc) located near the southwest tip of Greenland. Pre-feasibility studies now indicate that the vaste resources could sustain a large-scale, economically-robust mining operation for decades. The project could potentially supply >20% of global REE-demand at low cost owing to revenues from uranium and zinc.
Kvanefjeld Multi-Element Project
* Total resource of 619 Mt (an increase of 162 Mt)*
* Indicated resources now 437 Mt (an increase of 72 Mt)*
* Contained metal inventory of 6.6 Mt TREO (Total Rare Earth Oxide), 350 Mlbs U3O8 and 3 Blbs Zn ( TREO includes 0.24 Mt heavy REO, 0.53 Mt Y2O3)
* Near surface, higher grade zones defined, including 122 Mt @ 1.4% TREO, 404ppm U3O8 (0.05% heavy REO, 0.12% Y2O3) Resources domained by geochemical and mineralogical characteristics, in line with metallurgical process development and mining studies
Mine For
rare earths, uranium, zinc, tantalite
Location of operation(s)
Greenland
Address
Ground Floor, 6/100 Railway Rd
SUBIACO, WA, AUSTRALIA
Phone
(61 8) 9382 2322
Website
Last Updated
3/5/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
