Greenland Government Introduces Uranium Licensing Framework for Kvanefjeld Rare Earth-Uranium Project
(firmenpresse) - PERTH, WESTERN AUSTRALIA -- (Marketwire) -- 12/05/11 -- Greenland Minerals and Energy Ltd ('GMEL' or 'the Company') (ASX:) is pleased to announce that the government of Greenland has amended the terms of the Company's exploration license that covers the such that it is now inclusive of . Under the licensing framework in Greenland, the inclusion of uranium provides the company with the clear right to apply for the along with all other . The granting of an exploitation license will be dependent on establishing an environmentally and socially sustainable development scenario that is economically robust.
Kvanefjeld is a project of international strategic significance; through the oxide, Kvanefjeld can become a cost-effective cornerstone producer of critical REEs; the essential to energy efficient technologies and that are forecast to be in short supply for many years to come. The in its own right includes the world's largest JORC-code compliant resource of s, as well as a global top ten . With the first for Zones 2 and 3 slated for Q1 2012, the project's overall resource base will increase substantially, further consolidating the northern Ilimaussaq Complex as a prolific ore-field of genuine global significance.
The project is favorably located near existing infrastructure in southern Greenland. Deep water fjords provide direct shipping access to the project area, and an international airport is located approximately 35 km away. A nearby lake system has been positively evaluated for a hydro-electric scheme to power the .
are now investigating a leach circuit to extract uranium and heavy REEs from a beneficiated mineral concentrate. Light REEs will then be recovered from the residue at an independent, demand-driven rate, mitigating market risk associated with bulk and pricing uncertainty. This approach will see the projects economics underpinned by uranium and heavy , with flexible, cost-effective light production capacity; a significantly different approach too many other emerging .
ABOUT GREENLAND MINERALS AND ENERGY LTD.
Greenland Minerals and Energy Ltd (ASX: GGG) is an exploration and development company focused on developing high-quality in Greenland. The Company's flagship project is the (, Uranium, ) that is rapidly emerging as a premier project. An interim report on has demonstrated the potential for a large-scale multi-element . For further information on Greenland Minerals and Energy visit .
ABN 85 118 463 004
Contacts:
Greenland Minerals and Energy Limited
Roderick Mcillree
Managing Director
+61 8 9382 2322
Professional PR
David Tasker (Australia)
+61 (0) 89388 0944
Rostra Kommunikation
Christian Olesen (DK)
+45 (0)3336 0429
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Datum: 05.12.2011 - 12:45 Uhr
Sprache: Deutsch
News-ID 93808
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Town:
PERTH, WESTERN AUSTRALIA
Kategorie:
Mining & Metals
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