Big picture - Why invest in Greenland Minerals Ltd
Greenland Minerals Ltd Snapshot
Greenland Minerals and Energy is positioned at the forefront of Greenland’s emerging minerals industry. Since 2007, the Company has been focused on delivering a world-class production center for specialty metals from the Ilimaussaq complex in south Greenland.
Kvanefjeld is the first of several large-scale deposits to be delineated, and is widely recognized as one of the world’s largest resources of rare earth elements, as well as containing substantial resources of uranium and zinc. Managed by a first-class technical team, the feasibility studies on Kvanefjeld are now well-advanced, and Greenland Minerals and Energy is firmly placed to become one of the world’s largest and most cost-effective producers of specialty metals.
Meanwhile, the search for new world-class mineral projects constantly continues. Welcome to the evolution. Project overall resource inventory: 1.01 billion tonnes containing 593 million pounds U3O8, 11.14 million tonnes TREO, 2.25 Mt zinc TREO includes 0.37 Mt heavy REO, 0.84 Mt yttrium oxide.
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Northern Iimaussaq Speciality Metal
Iimaussaq Complex – Specialty Metals (Kvanefjeld)
The Ilimaussaq complex is one of the most unique geological environments on the planet, and host to prolific resources of rare earth elements, uranium, and zinc. It is the type-locality for a layered peralkaline igneous complex, and is as unique in its unusual rock-types and minerals, as it is in its vast resources. The complex is located close to existing infrastructure in southern Greenland, in a setting that offers one of the most logistically-favourable development scenarios of any mining project in Greenland.
Overview of the broader geography of the northern Ilimaussaq specialty metals project. Of all emerging mineral projects in Greenland, the setting offers one of the most logistically-favourable development scenarios. Deep-water fjords provide all-year shipping access directly to the project area.
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Kvanefjeld – REEs, uranium, zinc
Kvanefjeld is located at the northwest corner of the Ilimaussaq complex. Underlying the broad plateau is a vaste multi-element resource that includes one of the world’s largest resources of rare earth elements (as defined by JORC or NI 43-101 reporting codes), along with extensive resources of uranium and zinc. The Kvanefjeld resource mostly outcrops and sits within 250 m of ground surface, with a low waste/ore ratio. The latest resource estimate (March 2011) includes a metal inventory of 6.6Mt of total rare earth oxides (including 0.25 Mts of heavy REOs and 0.5 Mts of yttrium oxide), 350 Mlb’s of U3O8, and 3 Blb’s of zinc.
Kvanefjeld differs to many other emerging REE projects, in that it is a multi-commodity project that is anticipated to also produce uranium and zinc. These co-products serve to provide a strong economic keel to the projects economics, and ensure a low equivalent cost of rare earth production. GMEL’s metallurgical team firmly prioritises the recovery of “Critical Rare Earths”, or those that are critical to energy-efficient technologies and are predicted to be in short-supply for the long-term.
In this sense Kvanefjeld is a project that first-and-foremost caters to energy efficiency, and that makes it an important project for the world.
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At Sørensen lujavrite occurs below a naujaite cap, but thick layers of lujavrite outcrop in the steep slopes that run between the ridge crest at 700m elevation, and Tunugdliarfik fjord. GMEL reported in mid-2010 that drilling had encountered significant intercepts of lujavrite. The results of the first hole drilled at Sørensen are reported below, and confirm the discovery of significant REE-uranium mineralization within several thick lujavrite lenses. Based on outcrop geology the lenses are broadly sub-horizontal. The grade and continuity of multi-element mineralization are particularly encouraging. A further 11 holes were drilled at Sørensen during the 2010 field season, with many encountering substantial intersections of lujavrite. Following drilling conducted in 2011, an initial mineral resource estimate has now been produced by SRK consulting.
Zone 3 is located along the northeastern margin of the Ilimaussaq Complex and features outcropping lujavrite. Geological mapping suggests that Zone 3 represents the apex of a structural culimination that focused REE-U rich lujavrite magma. Initial drill holes confirm a significant mineralized body of REE-U rich lujavrite underlies the area and expands with depth. Following drilling conducted in 2011, an initial resource estimate is anticipated in early 2012.
Caption: Mineralised black lujavrite outcrops at Zone 3 in the northern Ilimaussaq Complex.
Steenstrupfjeld occurs at the top of the Narsaq valley, to the immediate east of Kvanefjeld. Mineralised lujavrite outcrops and was recognized historically. However, recent drill holes that were originally intended to sterilize the adjacent plateau intersected mineralization under a thin veneer of cover up to 950m away from the outcropping mineralization. Ongoing drilling is aimed at establishing an initial resource estimate across the Steenstrupfjeld area.
Last updated 19th June 2018
Mr Anthony Ho
B.Comm, CA, FAICD, FCIS, FGIA
Mr Tony Ho is an experienced company director having held executive directorships and chief financial officer roles with a number of publicly listed companies. Tony was executive director of Arthur Yates & Co Limited, retiring from that position in April 2002. His corporate and governance experience include being chief financial officer/finance director of M.S. McLeod Holdings Limited, Galore Group Limited, the Edward H O’Brien group of companies and Volante Group Limited.
Mr Ho is currently the chairman of Apollo Minerals Limited and chairman of the Audit Committee, a non-executive director of Hastings Rare Metals and chairman of the Audit Committee and non-executive chairman of Bioxyne Limited.
Mr Ho was the past non-executive chairman of St. George Community Housing Limited (November 2002 to December 2009) where he was also a member of the Audit and Remuneration Committees.
Prior to joining commerce, Mr Ho was a partner of Cox Johnston & Co, Chartered Accountants, which has since merged with Ernst & Young.
Mr Ho holds a Bachelor of Commerce degree from the University of New South Wales and is a member of the Institute of Chartered Accountants in Australia and a fellow of the Institute of Chartered Secretaries, Governance Institute of Australia and the Australian Institute of Company Directors.
Dr John Mair
Dr John Mair completed a Bachelor of Science with Honours, majoring in geology, at the University of Western Australia, before commencing a career in the minerals sector, working in gold exploration and mining in Western Australia’s goldfields. He returned to the university system to undertake a PhD study on the gold and base metal deposits of Canada’s Yukon Territory and east-central Alaska. After completing the PhD in 2004, John returned to the minerals industry working in exploration for porphyry Cu-Au deposits in New South Wales, and gold deposits in China. In mid-2005 John took the position of Post-Doctoral Research Fellow at the University of British Columbia, with a focus on the metallogeny of southwest Alaska.
At completion of the project in 2006, John returned to the minerals industry as a project co-coordinator for Vancouver-based exploration group Geoinformatics Exploration Inc., who in alliance with Kennecott, were exploring for Cu-Mo-Au deposits in western North America from Mexico to Alaska. During this period, John planned and implemented large-scale exploration programs through remote northern British Columbia, as well as providing technical expertise to exploration programs in Alaska and Mexico. In mid-2008 John returned to Australia to join Greenland Minerals and Energy Limited as General Manager.
John has published several papers in leading international scientific journals on tectonics, structural geology, mineral deposit geology, igneous petrology and mineralogy. He has also presented at Masters short courses on ore deposit geology. Of particular relevance is his understanding of the behavior of rare earth elements, and is experienced in separating pure rare earth elements from a wide variety of rock types from start to finish. He is a member of the Society of Economic Geologists and the Australian Institute of Mining and Metallurgy.
Since 2008, John has been instrumental in the technical development of the Kvanefjeld project, and also in the corporate evolution of the company. He presents on the Company’s behalf in commercial, technical and political forums internationally.
Mr Simon Cato
Mr Simon Cato has had over 30 years capital markets experience in broking, regulatory roles and as director of listed companies. He initially was employed by the ASX in Sydney and then in Perth.
From 1991 until 2006 he was an executive director and/or responsible executive of three stockbroking firms and in those roles he has been involved in many aspects of broking including management issues such as credit control and reporting to regulatory bodies in the securities industry. As a broker he was also involved in the underwriting of a number of IPO’s and has been through the process of IPO listing in the dual role of broker and director. Currently he holds a number of executive and non-executive roles with listed companies in Australia.
Mr Cato is also Chairman of Advanced Share Registry Limited.
Addition to Board of Directors
Ms Wenting Chen
Ms Wenting Chen holds degrees in Law, and Economics majoring in International Trade, from Nanjing University. She has additionally completed a Master’s Degree in Business Administration, and the Bar Examination in China.
Ms Chen commenced her career at the Bank of Nanjing, before joining the East China Exploration Bureau (ECE) in early 2007, working in the investment department specializing in overseas mining project investments. She has considerable international commercial experience, and has been directly involved in several acquisitions in Australia and an Initial Public Offering on the Alternative Investment Market (AIM) of the London Stock Exchange. Prior to leaving ECE, Ms Chen was General Manager Assistant of ECE’s overseas subsidiary.
Ms Chen joined Shenghe Resources Holding Limited (‘Shenghe’) in early 2014 to lead the overseas investment department and is the representative of Shenghe, to the board of GMEL.
Last updated 19th June 2018
Unit 6 100 Railway Road
Western Australia 6005
Phone:+61 8 9382 2322
Fax:+61 8 9382 2788