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Greenland Minerals and Energy awards contracts for key studies at Kvanefjeld

Greenland Minerals and Energy awards contracts for key studies at Kvanefjeld

Greenland Minerals and Energy (ASX: GGG) has awarded contracts for key social and environmental studies on the Kvanefjeld multi‐element project (rare earth elements, uranium, zinc).

Grontmij/Carl Bro and Orbicon have been appointed to lead the upcoming social and environmental impact assessments, which form critical components of a Definitive Feasibility Study (DFS) for the project in Greenland.

Both organizations are internationally recognised consultancy firms that have extensive experience working in Greenland, and have conducted background and baseline studies for GMEL on the Kvanefjeld project.

Part of Grontmij/Carl Bro's Denmark‐based team specialises in social studies, specifically Social Impact Assessments (SIAs), and has a deep understanding of the social considerations of Greenland.

The environmental arm of Orbicon specialises in the preparation of Environmental Impact Assessments (EIAs) for both land‐ and marine‐based projects, and has a strong understanding of the environmental considerations specific to Greenland.
Orbicon also has a strong working‐relationship with Greenland’s Bureau of Minerals and Petroleum (BMP), which provide the guidelines for EIAs in Greenland, and are important in establishing the right protocols to meet the environmental requirements of individual projects.

A 457 million tonne JORC Resource has already been defined at Kvanefjeld, which represents just a small percentage the broader Ilimaussaq ore field.

An interim report on the Kvanefjeld Pre-Feasibility Study, released in February 2010, indicated the potential for the multi-element resources to sustain a large-scale mining operation for decades.

In 2011 GMEL is planning on closing out the current Pre-Feasibility Study with a final report before commencing a DFS in the latter half of the year.

On December 22 Shaw Stockbroking put a BUY on Greenland Minerals & Energy with a A$2.50 target.

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