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Greenland Minerals and Energy begins work with Chinese partner

Partner and shareholder, Shenghe, is providing immediate value.
Greenland Minerals and Energy begins work with Chinese partner
Shares are trading up 80% year to date, currently priced at $0.125

Greenland Minerals and Energy (ASX:GGG) has commenced the technical cooperative program with its strategic partner and 12.5% shareholder, Shenghe Resources Holding Co Ltd (SHA:600392).

A joint technical committee has been established to oversee the programs to further enhance and optimise the company’s flagship Kvanefjeld Project in Greenland. 

The technical committee recently met in China to map out work programs to start immediately with the objective of optimising the current flow-sheet to improve project economics.

Dr John Mair, managing director, commented: “We are genuinely excited to have the technical cooperation with our major shareholder Shenghe underway.

“Shenghe and IMUMR bring vast technical capacity to the Kvanefjeld Project, and their involvement will ensure we can achieve the best possible outcome and consolidate the project strengths.”

Focus of optimisation programs

The optimisation programs will begin as soon as the scope‐of‐work documentation is complete and are scheduled to run through 2017 in parallel with the processing of the mining licence application, which is well advanced in Greenland.

The optimisation programs will address two key elements of the project.

Concentrate grade recovery

Shenghe has a long standing relationship with the prestigious Institute of Multipurpose Utilisation of Mineral Resources (IMUMR), a state‐owned scientific research institution which is based in Chengdu and is a 14.9% shareholder in Shenghe.

The technical committee will commission the IMUMR to apply its demonstrated expertise in the areas of rare earths beneficiation to further improve the grade and recovery of rare earths from Kvanefjeld ore. 

Refinery optimisation

The technical committee, with significant input from Shenghe personnel, has identified several potential flow‐sheet improvements which, if proven to be economically viable, will simplify and optimise the project.

The refinery optimisation work will be undertaken in Australia and the program will also explore the recovery of additional by‐products from the leach stream.

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