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GREENLAND MINERALS AND ENERGY LIMITED

ASX: GGG

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

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

Kvanefjeld is believed to have potential to be amongst the industry’s lowest-cost producers (after by-product costs) with a 37-year mine life based on only 10% of the overall resource base.

The overall resource inventory totals 1.01 billion tonnes containing 593 million pounds U3O8, 11.14 million tonnes TREO and 2.25 million tonnes zinc.

This TREO content includes 370,000 tonnes heavy REO and 840,000 tonnes yttrium oxide.

* 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

Email

Website


Last Updated

26/11/2015

 

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.

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