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Greenland Minerals lodges EIA for large rare earths project

The environmental impact assessment will be reviewed in parallel to a public consultation period.
Greenland Minerals lodges EIA for large rare earths project
Kvanefjeld hosts one of the world's most significant rare earth elements deposits

Greenland Minerals Ltd (ASX:GGG) has lodged an environmental impact assessment (EIA) for its Kvanefjeld Rare Earths Project in Greenland.

This comes after extensive reviews by Greenland’s Environmental Agency for Mineral Resource Activities (EAMRA) and its advisory bodies since the draft EIA was submitted in late 2015.

The document was prepared by GHD Consulting in conjunction with Orbicon, with a number of other technical specialists contributing including Arcadis, the Danish Hydraulic Institute, SRK Consulting and the Wood Group.

The Kvanefjeld project is projected to be one of the largest global producers of key magnet metals including neodymium, praseodymium, dysprosium and terbium, along with by‐products of uranium and zinc.

READ: Greenland Minerals advances Kvanefjeld after inaugural safeguards inspection

The EIA will be reviewed in parallel to undergoing translation into Greenlandic and Danish in preparation for a consultation period.

Senior company representatives will be in Greenland early this month for meetings with government representatives to map out the timing of the public consultation period and follow-up steps.

READ: Greenland Minerals signs off-take MoU with strategic partner Shenghe, shares rise

Due to the consistent and constructive dialogue since lodgement of the draft EIA, there is a strong familiarity with the EIA content and supporting studies within EAMRA and their advisory groups.

This interchange has guided additional technical studies and the expansion of datasets which have been incorporated into the EIA, as well as allowing Greenland Minerals to address recommendations as they arise.

Additional environmental test work and monitoring is ongoing to ensure that the understanding of impacts is continuously being improved.

READ: Greenland Minerals continues to progress permitting steps for rare earth project

While Kvanefjeld is one of the world’s largest rare earths deposits, with a rare earth oxide resource of 11.1 million tonnes, it also hosts a large uranium resource inventory of 593 million pounds U3O8.

As it is recovered at low incremental cost, uranium stands to be an important by-product revenue stream.

READ: Greenland Minerals’ optimisation test work progressing to final pilot plant operations

A new Greenland Government was established in May and senior company personnel visited Greenland in June to discuss the project status.

Positive meetings were held with the mineral resource minister Vittus Qujaukitsoq, with a focus on establishing project timelines. 

Importantly, the coalition government has outlined a strongly supportive position toward mine development, and specifically support for rare earth production and associated uranium by‐production.

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