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Greenland Minerals Ltd

Greenland Minerals' Kvanefjeld mining licence application received by government

In March the company signed an MoU with the regional authority to establish a participation agreement for community capacity development for workers and businesses.

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Social and environmental impact assessment findings have been presented to the local mayor

Greenland Minerals Ltd (ASX:GGG) has received confirmation that its mining licence application for the Kvanefjeld Rare Earth Project in southern Greenland has been received by the Mineral Licence and Safety Authority (MLSA).

In late June the company lodged an application for an exploitation mining licence for the project, which has more than 1 billion tonnes of mineral resources across three different zones – Kvanefjeld, Sorensen and Zone 3.

READ: Greenland Minerals’ optimised Kvanefjeld feasibility study confirms increased recoveries

As required by the Government of Greenland (GoG) the following supporting documents were included in the application:

  • An environmental impact assessment (EIA);
  • A social impact assessment for the project; and
  • A navigational safety investigation study (MSS) for the project.

The company has previously provided the MLSA with a copy of the project’s feasibility study and financial model as well as a copy of the project’s JORC-code compliant ore reserves statement and report.

READ: Greenland Minerals shares rise on reducing capital cost estimate for rare earth project

The MSS, EIA and SIA were prepared for the company by independent expert consultants with the scopes of the EIA and SIA framed by terms of reference approved by the Greenland Government in late 2015.

After lodging the mining licence application, company representatives held a series of meetings in Kommune Kujalleq, the municipal authority for the region of southern Greenland which includes the project.

Key findings of the EIA and SIA were presented to the mayor of southern Greenland as well as members of the Kommune.

The next step in the permitting process is a period of public consultation over the course of 8 to 12 weeks with interested stakeholders to provide feedback on the application.

Quick facts: Greenland Minerals Ltd

Price: $0.14

Market: ASX
Market Cap: $166.74 m
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