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Old 04-21-2010, 04:13 AM
Sparty Sparty is offline
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Default Greenland Minerals and Energy able to supply 20%+ REEs

ASX listed Greenand Energy and Minerals ASX: GGG

"Significantly, the company was able to develop a viable process flow-sheet to produce both an REO and a uranium oxide product, with potential for Kvanefjeld to supply >20% of global Rare Earth demand at low cost, given revenues from sale of other products.

"Greenland Minerals and Energy (ASX: GGG) capped off a busy March quarter gaining a new five year exploration license over northern Ilimaussaq Complex issued under Greenland?s new Mineral Resources Act, and endorsed by Greenland?s parliament.

In addition, GMEL ticked a milestone with the release of an interim report on the Kvanefjeld pre-feasibility study.


The report outlined a scope for a economically robust, large scale mining operation to produce a rare earth concentrate and uranium oxide.
Significantly, the company was able to develop a viable process flow-sheet to produce both an REO and a uranium oxide product, with potential for Kvanefjeld to supply >20% of global Rare Earth demand at low cost, given revenues from sale of other products."

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To find out more about Australian ASX listed companies visit www.AustralianRareEarths.com

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

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