Greenland Minerals and Energy Ltd (ASX:GGG) reports an an update on its growing technical capacity to facilitate the Kvanefjeld feasibility program.
The press release is quoted as saying:
This firm commitment reinforces GMEL’s belief that Kvanefjeld is a unique tier-one asset and has the potential to become one of the world’s largest and most cost-effective producers of rare earth elements. The Kvanefjeld project is underpinned by the world’s largest REE resource (as defined by internationally-recognised reporting codes), in a polymetallic deposit that is also enriched in uranium and zinc. The metal inventory currently includes 6.6 Mt TREO (total rare earth oxide), 0.24 Mt of heavy REO’s, and 0.5 Mt of yttrium oxide, 350 Mlbs U3O8 and 3 Blb’s of zinc (Table 1).