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View Full Version : Greenland Energy and Minerals _resource upgrade - bigger than Phar Lap's heart


Sparty
03-23-2011, 05:04 AM
What a wonderful time for GGG's resource upgrade to come out... hot on the heels of the Wall St Journals article: "Rare Earths stay HOT".

I've been following (and investing in) GGG for a couple of years.... as I like having the world's largest REE resource in my portfolio....

And suddenly that resource has gotten a whole lot bigger.
(Just have to love the 3 billion tons of Zinc.)

I guess there will be a lot of green with jealousy Yanks and Canadians

Greenland Minerals Releases an Upgraded Resource Estimate for the Kvanefjeld Multi-Element Project (REEs, U, Zn)

Summary:
Greenland Minerals and Energy Limited ("GMEL" or "the Company", ASX:GGG) is pleased to announce a new resource estimate for the Kvanefjeld multi-element project that further confirms Kvanefjeld's status as one of the world's most significant resources of rare earth elements and uranium.

Key Highlights of New Kvanefjeld Resource Estimate


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

To read full ASX Announcement click here (http://r20.rs6.net/tn.jsp?llr=uqjhxzdab&et=1104906452667&s=125&e=001hBgDxXrKpbXZpk7QYMcUAyUKKFo3mjw-rIJ3wYK5sjhNm97Xq4Us9IoqPfVVz9qhI3NaKr40rryplYMmEP nGnYosnbIr1a3NdX2Zomdzte7okSkZPj18j7HTJ6xvMFjPJimj xsw05AAZDcuZIwnA3KoQbygYg7nWJEFVp8mKBv-KJr2F3Mj8QH24n14LiQM1)


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Annual Reports (http://r20.rs6.net/tn.jsp?llr=uqjhxzdab&et=1104906452667&s=125&e=001hBgDxXrKpbU0UpE-AKvvEz3lQVGn0H5WurYq5Q2uhNcRY2H3E3Awjfrf14CGOR2vFV Ke55jP0DTtsa8eMD4IbGRBMFO2BYBg3-oF7PYOpnC5ZSEEK43M3TMfyhJqRXZgM8oWikT4yHGOxEwOzsD3 GA==)

Broker Research Reports (http://r20.rs6.net/tn.jsp?llr=uqjhxzdab&et=1104906452667&s=125&e=001hBgDxXrKpbW5hxlQrjOfUPqMsdVp3ytXyzGhU7dWmPXbF 2uEguda7qDx6usPfLEQC2ZyNtGz76ItqSXNsrKTCQFRI65_n_z mhEe1RsgiYoq6e3TGjBj-Jv_mMVe7HpQgNVUoFcP7csVD_xTZNTV05DQ-knX844gA)

Company Presentation (http://r20.rs6.net/tn.jsp?llr=uqjhxzdab&et=1104906452667&s=125&e=001hBgDxXrKpbUDz3vnAi7qX06lCWP3Eq2ODxmu5prAAegYX AnQrhPD0OHJHbwQAE12EP8COSxbM8lIXWbRMh3For0Fw9tDXZY-D4zMvUzwaBjrvDiRVyC9pVkg5zHQn6R3V65viJqnP2UA_dOvOp rIt5HJfL9aHf8-4ooyQ-qAVFE=)

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ASX Announcements (http://r20.rs6.net/tn.jsp?llr=uqjhxzdab&et=1104906452667&s=125&e=001hBgDxXrKpbVlOEKJK0I2bRI8ofBqhnHXmD2NskpC1zETY M_nQ1sFsCg7TQoPGb_NT6kPe6EsDqahEPYAOT7vGez12cGabRI u5fhHlp0RtyP184X-_OnxHunZEpYRvm_kCK0RmVySOMOGqFi6MAQFlw==)

Stock Price Chart (http://r20.rs6.net/tn.jsp?llr=uqjhxzdab&et=1104906452667&s=125&e=001hBgDxXrKpbWk-8NQFFtZZsXkWmAL4h0HNCpnzAr7eAbEwG6mJ9gIWO8oSqu-WVREn5cLGKlvTmizNdPlqh6TcQaNMBTuwNfq_YEXoJaTOLzgbG fn4tf8G2VqxH-tWGce2wZwCkBntc5Rj8Qce1GwAw==)

Fact Sheets (http://r20.rs6.net/tn.jsp?llr=uqjhxzdab&et=1104906452667&s=125&e=001hBgDxXrKpbX-RA-2p0RG496-dZuhMpCn0KMTKPjlQ4xDcBA3haPJGK0JhcrTSi7Mn6BQoxw58q XYtgwVkn3juyYn04rwecY-n-EGtzjs1obomtKr1edXObrBmnSOQWa3C3MXCZHfs_E=)

Corporate Governance (http://r20.rs6.net/tn.jsp?llr=uqjhxzdab&et=1104906452667&s=125&e=001hBgDxXrKpbVJSj9uETC3jUZudlj3koh4AvA60LGZoJbEr 4eEhHwbJxbwjFnEB4X0fwM2TFnxZAOBdpzu3V5UK4dSBctt533 sRVFXjvt-70CNTuBZ4JWczyqgFubSIGsb9f9d5xAktuOx3xaEAMpjgQ==)

Sparty
04-15-2011, 06:19 AM
Highlights
? Release of regional drill results confirms the discovery of three new multi-element zones (REEs, U, Zn) within the northern Ilimaussaq project area;
o Intercepts include 185 m @ 1.2% TREO*, 440 ppm U3O8
o New zones provide opportunity to significantly expand resources
? New resource estimate confirms Kvanefjeld's status as the world's most significant undeveloped REE deposit**
o Significant increase in Indicated and total resources
o Contained metal of 6.6 Mt TREO, 350 Mlbs U3O8 and 3 Blbs Zn (TREO includes 0.24 Mt HREO, 0.53 Mt Y2O3)
o Near surface, higher-grade zones defined, including 122 Mt @ 1.4% TREO, 404ppm U3O8 (0.05% heavy REO, 0.12% Y2O3)


Contracts awarded for key social and environmental impact assessments

*TREO = rare earth oxides in the lanthanide series plus yttrium oxide
**world's largest rare earth resource as defined by internationally-recognised reporting codes



To read the full announcement please go to >>
ASX announcements: March 2011 Quarterly Report (http://r20.rs6.net/tn.jsp?llr=uqjhxzdab&et=1105180647757&s=125&e=0016YyHuS5rbOyi5bxtx0CveOMfvKOT8wP6cz8EmTIDn46Vs _zwt0cL-QmvSPzYx_FKOTxC3l8Pm97AotDCkb0lbsNyK9Tlh_F5VFDTFy7 cl7dVZnQlaSnHmOllhNKT5Y3vrqD7f5EV3ljEaUt32UwYG9K90 KVEto94K3D1DI4t7s9kWyRALgiym0tCQtYe0lzG)