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View Full Version : Australia could still be the World's REEs "swing" producer


Sparty
06-19-2009, 06:01 AM
Greenland Minerals and Energy ASX Code: GGG has published their resource upgrade...and Australia is still in the running to be the world's REE "swing" producer.

IMO GGG is at great risk of being subject to corporate activity, sooner than later.


GGG June 09 upgrade

4.91 Mt of Total Rare Earth Oxide

0.99 Mt of Zinc

0.12 Mt of Uranium Oxide

3.09 Mt of Sodium Fluoride

Substantial Resource Increase at Kvanefjeld Multi-Element Project (http://www.ggg.gl/userfiles/file/ASX/Resource%20Update%20June%202009-1.pdf)

The chart below shows the distribution of the World's REE by company.
http://www.australianrareearths.com/images/rees-update.gif
Notes: Baiyunebo is China's major REE province. Australia's Mt Weld deposit is Lynas Corps' (ASX: LYC) very rich deposit and Kvanfield is held by Australia's Greenland Energy and Minerals (http://www.ggg.gl/) (ASX: GGG)

http://www.alternative-energy.com.au/forum/images/misc/progress.gif