Old 04-30-2015, 01:53 AM
Sparty Sparty is offline
Join Date: Mar 2009
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Default GGG - 593 million pounds U3O8, 11.13 million tonnes TREO

March 2015 Quarterly Report


  • Updated Mineral Resource Estimate for the Kvanefjeld Project
    • 143 million tonnes in 'Measured' category @ 303ppm U3O8, 1.2% TREO and 0.24% zinc
    • This includes 54 million tonnes @ 403ppm U3O8, 1.4% TREO and 0.24% zinc
    • Project global resources now stands at 1.01 billion tonnes containing 593 million pounds U3O8, 11.13 million tonnes TREO
  • New Memorandum of Understanding Signed With China Non-Ferrous Metal Industry's Foreign Engineering and Construction Co. Ltd. (NFC)
    • Follows 12 months of successful cooperation and information exchange on Kvanefjeld
    • New MoU focuses on the next steps toward jointly developing Kvanefjeld and establishing a fully-integrated, cost-competitive critical rare earth business
    • NFC have conducted the capital cost estimation for the Kvanefjeld Feasibility Study
  • Exploration License over Kvanefjeld Project Area renewed for further three years
    • Exploration license can be converted to an exploitation license following approvals of an exploitation license application and meeting all regulatory requirements
  • Funding facility entered into with Long State Investments Limited
    • Provides a flexible means to fund ongoing work programs to finalise all aspects of a mining license application, commence the permitting process and advance the Kvanefjeld Project to bankable status

To read the full ASX announcement go to
To read the latest company presentation go to
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